Why did Fetch and SingularityNET AI-tokens just surge 30%?

Both AI-tokens Fetch and SingularityNET staged a strong price recovery after a three-month downtrend.

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The Fetch and SingularityNET artificial intelligence (AI) cryptocurrencies both rallied over 30% today, recovering after a three-month downtrend. What is behind the rally of the AI coins?

The Fetch.ai (FET) token rallied 37% while the SingularityNET (AGIX) token rose over 33% during the past 24 hours, according to TradingView data.

The two AI-based cryptocurrencies started their price recovery on June 19. Both coins have been in a downtrend since the end of March.

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