The SingularityNET ecosystem’s native token, AGIX, has gained significant popularity in the cryptocurrency market, particularly among investors intrigued by AI technology.
AGIX has shown impressive results, rising 27.7% in 24 hours. Can we invest yet?
AGIX has seen a surge in market activity as its trading volume in the past 24 hours hit $278,003,116. This figure reflects a notable increase of 115.30% compared to the previous day, indicating a recent uptick in trading momentum.
SingularityNET’s (AGIX) is trading at $0.460176, with a 24-hour trading volume of $278,073,515. The coin has experienced a significant price increase of 27.70% in the last 24 hours, although its value has declined by 21.60% in the past week. SingularityNET’s market cap, based on its circulating supply of 1.2 billion AGIX, is estimated to be around $553,251,499.
AGIX and AI CryptoCoin Integration
SingularityNET is a decentralized marketplace that offers a wide range of AI services and is considered one of the most versatile ecosystems in the AI cryptocurrency space. It provides a platform where users can create, share, and profit from their AI services.
SingularityNET’s global #AI marketplace lets anyone create, share, and monetize AI services at scale. Try using the world’s first #decentralized AI network for FREE today with the link below!https://t.co/4qEMcs8A25 pic.twitter.com/c1KV2U2LOp
— SingularityNET (@SingularityNET) June 13, 2021
AI-based blockchain projects power AI crypto coins, which are digital tokens. These digital coins are now available in various forms, such as gaming, decentralized marketplaces, web3, and tracking, among others, due to the flexibility of artificial intelligence.
However, the recent surge in the value of AI crypto coins can be attributed to the increasing integration between blockchain and artificial intelligence. SingularityNET recognizes that this close collaboration is crucial for achieving a decentralized, democratic, and beneficial artificial general intelligence (AGI) ecosystem.
Today, a deep dive into the progress made towards #DecentralizedAGI by #SingularityNET in 2022, and an overview of what makes @OpenCog Hyperon – SingularityNET’s approach to an #AGI framework – different from other #AI systems. https://t.co/Gk2moef8BM#Singularity #blockchain pic.twitter.com/alc4EfSX8q
— SingularityNET (@SingularityNET) January 10, 2023
By merging AI with the cryptocurrency sector, investors can now access groundbreaking products with practical, real-world applications. The convergence of these two innovative technologies is creating a buzz of excitement and generating a lot of interest.
AGIX Technical Indicator Analysis: The Bullish Possibility
After a long move in the consolidation state, AGIX broke into a bull run at the beginning of 2023. crossing the 50-day moving average, the price of AGIX makes confirmation of the bull run from its support level of $0.04 to about $0.6.
The beginning of February saw a significant increase in trading volume, as shown by the long green bars on the chart. However, the price of AGIX reached $0.6 but was rejected as bears entered the market for two consecutive days.
AGIX/USD Daily Chart Analysis. The Bullish Flag Bullish Signal
After The price hit the resistance at $0.6, a flawless fall took over, plummeting to $0.35. However, the price began surging in the past 24 hours, indicating a strong support level. Additionally, the bullish flag formed could cause the price to surge through this resistance level.
This will set the stage for the next challenge, which is the price level of $0.12. It is worth noting that it would require even more momentum from buyers this time around to achieve a breakthrough above the $0.6 level
Furthermore, the Price is trading above the 50-day moving average, which indicates the buyers are in control of the market. Further confirmation is also seen by the Relative Strength Index (RSI), trading above the 50-level mark at 67.
With all signals indicating a bullish trend, it would be safe to predict the price of AGIX to reach $0.10 to 0.12 by the end of Q1 of 2023.
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