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SingularityNET is a platform for creating, sharing, and monetizing AI services on the blockchain. The network is powered by a native token, AGIX, which facilitates the purchasing of various AI services by users.
AGIX’s price has taken a bull run by gaining 16.87% in the last 24 hours. As of last week, the price was $0.38. AGIX is currently at $0.53, indicating a slight recovery in the cryptocurrency market. Moreover, its long-term sentiment is bullish so AGIX could reach $1.13 in 2023.
The token can hit new heights if the bulls keep pushing its price. The price action and analysis of the AGIX chart will indicate its future trend and performance in the market.
SingularityNET Price Action
SingularityNET, AGIX started the year on a bearish cycle, trading at $0.04 on January 1, 2023. It hit $0.10 on January 11, 2023, and has maintained its rally in the market ever since. The price action confirmed that AGIX is on a bullish trend.
As of February 1, 2023, the token traded at $0.19, spiked to $0.53 six days later and maintained its uptrend for 28 days. Although there were some fluctuations, it will likely sustain the rally as it continues gaining momentum in the market.
SingularityNET Technical Analysis
AGIX is trading in the green today and is currently in an uptrend. It has posted its fourth consecutive green candle on the daily price chart and formed higher highs today. Also, it is trading above its 50-day and 200-day Simple Moving Averages (SMAs), a long-term and short-term bullish sentiment.
The Relative Strength Index (RSI) is at 66.89, close to the overbought region of 70 and a bullish signal. Also, this indicator points upwards, reflecting the potential for a further price increase.
AGIX’s Moving Average Convergence/Divergence (MACD) is slightly above the signal line and reflects bullish pressure. Also, the histogram bars are changing to green, confirming the current trend.
AGIX is currently trading at $0.5462; its support levels are $0.3398, $0.3882, and $0.4403; resistance levels are $0.5408, $0.5892, and $0.6413. With the current bullish charge, AGIX has turned the $0.5408 resistance level to support and will likely break above the following resistance levels in the coming days. Also, it will likely rise to trade at $1 in the next few weeks after some retracement for consolidation.
SingularityNET Long-Term Price Prediction
SingularityNET Price Prediction 2023
2022 was an eventful year for AGIX, and if the bulls continue to push the market, the value and prominence of SingularityNET will increase in 2023. Thus, the token will likely trade at $0.74 with a minimum price of $0.63 and a maximum of $0.79. However, it’ll depend on the market’s volatility.
SingularityNET Price Prediction 2025
If the market volatility favors AGIX in 2024, the price will likely hit $1.87 in 2025. But if the bears take the lead in the market, some crashes could occur. Nevertheless, SingularityNET might attain an average trading price of $1.71 with a minimum price of $1.61 before the end of 2025.
What is SingularityNET (AGIX)?
SingularityNET is a blockchain-driven platform that grants users access to easy designing, sharing, and monetizing AI services. Users can access, test, and pay for various AI services in the marketplace using AGIX (the native utility token of the platform). SingularityNET represents a podium to help AI developers publish their tools and monitor their performance.
The SingularityNET team comprises more than 50 members, including 12 Ph.D. holders. The founder, Dr. Ben Goertzel, is also the Chief Scientist of Hanson Robotics, where he helped create Sophia – the priciest robot worldwide.
The platform launched its ICO (initial coin offering) in December 2017, raising $36 million in 1 minute.
Factors That Might be Driving SingularityNET Price
SingularityNET’s native currency, AGIX, has recently risen to astounding heights and is poised to uphold its uptrend momentum. Here are some factors that might affect its price.
SingularityNET Launches Rejuve Utility Token
SingularityNET announced the launch of the Rejuve Utility Token (RJV). Rejuve.AI is a new initiative aimed at health and lifespan extension. The goal is to improve the human lifespan by collating the data of millions of people worldwide and applying AI tools and methods to support the research.
Rejuve.AI is one of the earliest research initiatives on the singularity network. It combines Artificial Intelligence (AI), blockchain technology, and tokenomics to create a network. This network comprises clinics, labs, individuals, and researchers interested in pursuing scientific breakthroughs in human health and longevity. The Rejuve.AI KYC opens on March 1, 2023, with the eventual launch date slated for March 13.
SingularityNET And AGI, The New Tech Trend
SingularityNET’s Artificial General Intelligence is one of the most discussed topics in tech circles today. The Network’s ecosystem is building a network of AIs that will interconnect on a blockchain to create the AGI. This innovation might be the pinnacle of inventions since the AGIs will be more balanced in science and technology than humans.
19/ Recap
The SingularityNET Ecosystem is building a network of decentralized, beneficial AI systems for the emergence of collaborative intelligence, and ushering in benevolent Artificial General Intelligence to enrich humanity.
Ready to learn more? https://t.co/08icorno0b pic.twitter.com/GE41GMcvD7
— SingularityNET (@SingularityNET) February 27, 2023
Also, scalability and efficiency must improve for the blockchain to meet its full potential. SingularityNET intends to achieve this with HyperCycl,e a layer 2 solution. HyperCycle is a protocol that combines advanced technologies to decrease cost and increase speed.
Singularity.NET posted an article on their Twitter page for a deep dive into the details of the project for community members.
An Alternative Project Soaring In 2023
As AGIX soars on the price charts today, an altcoin presale will reward early investors in 2023.
C+ Charge (CCHG)
C+Charge is a green Web3 initiative creating a modern charging system for Electric Vehicle (EV) owners. EV owners will receive rewards with carbon credits for a recharge that can convert to CCHG tokens.
Also, the platform will include a burn mechanism for all tokens left after the presale to control inflation and increase their value. The presales have raised over $1.55 million, and the CCHG tokens will increase in value in each presale round.
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