HomeCryptoA glimpse of the crypto world spanning AGIX, IMX and Monero

A glimpse of the crypto world spanning AGIX, IMX and Monero

Value analysis and most important news about the most interesting crypto assets of the moment such as the utility token AGIX (SingularityNET), the token IMX (ImmutableX platform) and Monero.

Crypto: SingularityNET (AGIX)

AGIX, the native token of SingularityNET, trades at €0.162771, down 0.91%.

AGIX’s daily trading volume is €24,433,573 with a total market capitalization of €195 million.

AGIX, like many ERC-20s, is based on Ethereum’s Proof of Work (PoW).

The company, founded by Ben Goertzel (current CEO), Simone Giacomelli, and David Hanson, is involved in, among other things, selling AI (Artificial Intelligence) tools and testing them before purchase.

Through the Request for AI (RFAI) portal, users can request an ad hoc AI tool according to the functionality they need and programmers will do the work.

A little over two years ago saw the light of SingularityNET Enhancement Proposal (SNEP), which allows voting for internal company decisions and also enables AGIX staking.

The fruit of the work with Hanson Robotics, on the other hand, led the developers to work in the Awakening Health joint venture.

This collaboration uses artificial intelligence for healthcare purposes and has given birth to Grace, a humanoid that cares like a nurse practitioner for the patient.

Five years after its debut, the price has dropped from $1.5 to a low of $0.2 in 2020.

Last year after a brief relief had seen the price plummet back to $0.04 while today we are as much as -90% from the launch price.

Crypto: ImmutableX (IMX)

ImmutableX allows trading and minting NFTs with low fees, it is a layer-2 scaling for NFTs that is based on Ethereum.

With ImmutableX one can generate new NFTs and trades smoothly.

IMX is Immutable X’s token that allows very fast transactions with almost no fees.

IMX allows staking, gives access to voting, and is the tool for paying fees.

With the price debacle due to market shocks many creators have been looking for new solutions and among them is Tiny Colony.

Tiny Colony is a game that moved from Solana to Immutable X recently.

Arshia Navabi, co-founder and CEO of Tinyverse (Tiny Colony) told Decrypt:

“Immutable has been very gaming-centric from the very beginning. They have a fantastic development team and amazing gaming-centric technology.”

The price of IMX has boomed 16.07% this week and since yesterday has risen a further 14.60% to €0.69.

As of today there are just under 794 million IMX in circulation.

Crypto: Monero (XMR)

Monero touches €163,600 with a +1.15 from yesterday.

Volume is €95,938,249 while the market cap position is 26th with €2,968,879,349.

Monero this year seems to replicate the pattern of 2022 hopefully with different results in the ending.

XMR had started the year well before flying off the rails in the spring losing more than half its value.

The token has always been very volatile but with the end of the year XMR recovered a bit returning to a -23.3%.

Monero, is concerned with ensuring the privacy of both sides of transactions.

In its early days (2014), the company used the name BitMonero and then changed to Monero only later.

The crypto is based on proof-of-work (PoW), is open source and allows anonymity of what its users do.

George Michael Belardinelli
George Michael Belardinelli
A former corporate manager at Carifac Spa and later at Veneto Banca Scpa, blogger and Rhumière, over the years he has become passionate about philosophy and the opportunities that innovation and the media make available to us, in particular the metaverse and augmented reality