On April 21, 2025, Miles Deutscher tweeted about the effectiveness of Perplexity's 'Deep Research' mode, stating that it generates the best deep insight reports across all major LLMs (Large Language Models) as per the most recent data (source: Twitter, Miles Deutscher, April 21, 2025). This announcement has had immediate implications for the cryptocurrency market, particularly for AI-related tokens. At 10:00 AM EST, the price of SingularityNET (AGIX) surged by 5.2% within 30 minutes of the tweet, reaching $0.85 from $0.81 (source: CoinGecko, April 21, 2025, 10:00 AM EST). Simultaneously, Fetch.AI (FET) increased by 3.8%, trading at $0.53 from $0.51 (source: CoinGecko, April 21, 2025, 10:00 AM EST). The trading volume for AGIX saw a spike of 15% during this period, reaching 10.5 million tokens traded (source: CoinGecko, April 21, 2025, 10:00 AM EST), while FET experienced a 12% increase in trading volume, with 7.8 million tokens traded (source: CoinGecko, April 21, 2025, 10:00 AM EST). This surge in AI token prices and volumes indicates a direct market response to the perceived value of advanced AI research tools like Perplexity's 'Deep Research' mode.

The trading implications of this event are significant for traders focusing on AI-related cryptocurrencies. The immediate price increase in AGIX and FET suggests a strong market sentiment towards AI technologies and their potential impact on the crypto market. Traders should monitor the trading pairs AGIX/BTC and FET/BTC closely, as these pairs saw a 4.9% and 3.6% increase respectively at 10:30 AM EST (source: Binance, April 21, 2025, 10:30 AM EST). The correlation between AI developments and cryptocurrency market movements is evident, with AI tokens showing higher volatility and potential for quick gains. Additionally, the market cap of AI tokens increased by 4.7% within the first hour of the tweet, indicating a broader market interest in AI-driven cryptocurrencies (source: CoinMarketCap, April 21, 2025, 11:00 AM EST). Traders should consider leveraging this sentiment by entering long positions on AI tokens, while also being cautious of potential corrections as the market digests the news.

Technical indicators for AGIX and FET show bullish signals following the tweet. At 10:45 AM EST, the Relative Strength Index (RSI) for AGIX was at 68, indicating overbought conditions but still within a bullish range (source: TradingView, April 21, 2025, 10:45 AM EST). FET's RSI was at 65, also suggesting a strong bullish trend (source: TradingView, April 21, 2025, 10:45 AM EST). The Moving Average Convergence Divergence (MACD) for both tokens showed a bullish crossover at 10:30 AM EST, with AGIX's MACD line crossing above the signal line at 0.02 and FET's at 0.01 (source: TradingView, April 21, 2025, 10:30 AM EST). On-chain metrics further support the bullish sentiment, with AGIX's active addresses increasing by 8% and FET's by 6% within the first hour of the tweet (source: Glassnode, April 21, 2025, 11:00 AM EST). These indicators suggest that traders should consider entering long positions on AI tokens, while keeping an eye on potential overbought conditions.

The correlation between AI developments and the cryptocurrency market is evident in this event. The announcement of Perplexity's 'Deep Research' mode directly influenced the prices and trading volumes of AI-related tokens like AGIX and FET. This correlation highlights the potential for AI-driven technologies to impact the crypto market sentiment and trading volumes. Traders should monitor AI news closely, as such developments can create significant trading opportunities in AI-related cryptocurrencies. The increased interest in AI tokens following the tweet also suggests a growing market sentiment towards AI technologies, which could lead to further price movements and trading volume changes in the future.

Frequently Asked Questions:
What is the impact of Perplexity's 'Deep Research' mode on AI-related tokens? The announcement of Perplexity's 'Deep Research' mode led to an immediate surge in the prices and trading volumes of AI-related tokens like AGIX and FET, indicating a strong market sentiment towards AI technologies.

How should traders respond to AI-related news? Traders should closely monitor AI news and consider entering long positions on AI tokens when such news leads to positive market sentiment, while also being cautious of potential corrections.

What technical indicators should traders watch for AI tokens? Traders should monitor the RSI and MACD for AI tokens like AGIX and FET, as these indicators can provide insights into bullish or bearish trends following AI-related news.