Surge in AI Companies’ Stocks Led AI Tokens Like AIC To Gain 33% Over the Weekend

The price of AI Companions (AIC) soared to $0.1070 at the end of last week as it gained more than 33%, recovering from its month-long slump.

This AI focussed cryptocurrency, gained for 4 days consecutively last week, making it recover from the lowest point it experienced on October 1. This resulted in the market capitalisation of AI Companions going over $88 million last Friday (October 18).

This sudden boom in AIC was due to the rally in AI stocks which saw the prices of Nvidia stocks reach an all-time high of $140.80, increasing the stock value to more than $3.36 trillion. The stocks of other companies like Meta, Amazon and Microsoft also rallied through the week but Palantir gained the most (over 183%) to touch $44.4 trillion

This AI companies’ stock surge also resulted in a price gain in AI tokens like TAO and AKT, which are trading at $551.37 and $2.47 levels respectively on October 22 morning. The rise in AI tokens prices was also aided by crypto exchange Gate.io listing them.

AI tokens like AIC will be more accessible as they are listed in the centralized crypto exchange. There are forecasts that more crypto exchanges will soon follow Gate.io in listing AI tokens. AI Companions could be potentially listed in Binance soon, as the AIC token is built on the company's BNB smart chain.

At present, AI Companions are showing a bullish flag pattern as the AIC token moved sideways in the last few days, moving above the 25-day average. In this pattern, rectangle charts and long vertical lines are observed.

The AIC token is veering towards its highest point $0.1500 which was last seen in September. It touched the $0.1030 resistance point on October 9.

As of October 22 morning the AI Companions are trading at $0.1003 up 4.5% in the last 24 hours with a market capitalization of $100.22 million and a trading volume of $7.39 million (down by 15.11%).