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SingularityNET is leveraging the overall growth in the crypto market, driven by factors such as the increasing market cap and the positive sentiment around AI tokens, as well as the recent upward movement in the Cardano.
- At the time of writing, AGIX is worth $0.2566, after an 11% increase in price, in one of its most ambitious recorded daily jumps within the last month.
SingularityNET was created as a globally-accessible AI marketplace that allows users to create, share, and monetize AI services easily. It has since gained traction as the most observed AI token in the web 3.0 industry and doubled down on its mission.
The current growth in the platform can be derived from protocol sentiment mixture, as an AI token, and the broader positive market momentum.
The crypto market has increased market cap since BlackRock and other exchanges applied for spot Bitcoin Exchange Traded Fund (ETF). The combined market cap is currently at $1.18 trillion, a notable increase from $1.04 trillion.
SingularityNET has exploited this growth and the positive return in the Cardano ecosystem. Earlier this month, the Cardano price had suppressed massively after the United States Securities and Exchange Commission (SEC) labeled it as a security. The SEC also tagged other altcoins, including Polygon (MATIC), Solana (SOL), and Binance Coin (BNB), as securities.
The Future of AGIX
AGIX is on the run to reduce the losses it recorded in May with its current price. Statistics from CoinMarketCap show that the AGIX coin lost as high as 5.49% in May 2023, despite having a unique growth curve in its trading volume.
Like other altcoins, the coin has been carving its growth path in the last few weeks. AGIX prices have increased steadily since the end of May, recording changes as high as a 22% increase. AGIX is not new to tremendous price changes as it has an impressive history of price swings.
Market experts stipulate that the growth might be fueled by the cooling off of the ChatGPT craze and the industry shifting its focus to NVIDIA stock.
NVIDIA is an advanced technology company that offers vital AI growth solutions. The company has been recording substantial growth changes recently, strides that have pushed its market cap to over $1 trillion. Most AI projects’ deep relationship to the NVIDIA stock has triggered the AGIX growth.
The coin’s next price target is exceeding the $0.3 mark, which will flag the beginning of a new positive development era.
