SingularityNET (AGIX) appears to be the crypto of the moment, along with The Graph, which are riding the bullish wave of artificial intelligence. But how is AGIX performing price-wise? What’s the latest news on it?
It is worth recalling that SingularityNET is a blockchain-based platform that allows anyone to easily generate, share, and monetize artificial intelligence services.
AGIX: the crypto linked to artificial intelligence
As we have seen, since December there has been a lot of talk about ChatGPT, OpenAI’s ChatBot based on Artificial Intelligence and Machine Learning. To be specific, it was an immediate and unprecedented success that laid the groundwork for us to be able to think of artificial intelligence as the near future.
In the crypto sector, there are two major projects related to artificial intelligence in particular: SingularityNET and Fetch.ai. Therefore, it is not a coincidence that the price of AGIX has exploded in recent times.
Also contributing to the success of AGIX, and AI-related crypto assets in general, was the interest from Tesla genius Elon Musk, who expressed his interest about finding alternative solutions to ChatGPT.
Thus, the race for the best token with respect to artificial intelligence has exploded. In any case, as noted online, Musk had been laying the groundwork for a descent into the world of AI for quite some time.
Recently, the Twitter CEO apparently hired Igor Babusckin, a former employee and researcher at Google’s DeepMind AI unit. A move that in the eyes of most was seen as crucial to the relationship between Musk and AI.
After all, it was this series of connections that set off massive speculation about SingularityNET’s AGIX. Reason why many wondered whether Musk was not interested in taking over AGIX specifically.
Focus on the current and future price of crypto AGIX
SingularityNET (AGIX) is currently worth $0.42 with a performance of -1.45% in the last 24 hours and a trading volume of $164,200,817.
SingularityNET is currently ranked 80th among all cryptocurrencies with a market capitalization of $575,604,879.
AGIX, according to some, is one of the most surprising cryptocurrencies that is likely to rise in price this year. In fact, the AGIX price forecast for 2023 predicts a significant increase in the second half of the year, possibly reaching $0.63.
As with other cryptocurrencies, the rise will be gradual, but no major declines are expected. An average of $0.59 in price is quite ambitious, but it is feasible in the near future given collaborations and anticipated progress. Indeed, AGIX should have a minimum value of $0.50.
In any case, it is in 2024 that SingularityNET’s (AGIX) price prediction has much room for expansion. Following the potential announcements of numerous new partnerships and initiatives, the price of AGIX is expected to exceed $1.06 soon.
However, one will have to wait to see whether AGIX’s relative strength index will break out of the oversold zone before placing bullish bets. Considering market volatility, AGIX will trade with a minimum trading price of $0.84 and an average trading price of $0.93.
In conclusion, it can be said that there is no other initiative in the field of artificial intelligence that works on something remotely comparable, at the AI market level, as SingularityNET.
Indeed, AGIX also provides a crucial service for companies seeking to integrate artificial intelligence technologies that improve operations without spending much. Users appeared enthusiastic about the program in its early stages, but the weak progress of the AGIX token suggests that most of that passion has already faded.
Therefore, the AGIX token will have to provide something noteworthy to restore the interest of previous investors.
What are the other tokens related to artificial intelligence?
In addition to AGIX, which is definitely the crypto that is benefiting most from the explosion of the artificial intelligence sector, as mentioned earlier there are also other tokens with the same purposes as SingularityNET.
For example, Fetch.ai is also one of the projects that have gained the most from the recent boom in crypto AI tokens. Few people were interested in it until recently, despite the fact that it is one of the oldest and also has already important partnerships, such as the one with Bosch.
It is listed on all the major exchanges and wants to offer an ecosystem of agents, meaning modular code that can be reused for P2P communications, along with a decentralized Machine Learning protocol.
The goal would be to offer a multi-chain network based on the Cosmos SDK to build AI applications. Furthermore, there is also The Graph (GRT), a cryptocurrency that has been popular since even before anyone associated it with the world of artificial intelligence.
Among the various development teams animating the project is Semiotic AI, to which The Graph also secured a 60 million fund for development quite some time ago now.
All in all, The Graph is a project that aims to index data from different blockchains, a job it already does excellently, although artificial intelligence is not its focus, but rather one of the many tools used to improve the results it proposes to the market.