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SingularityNet (AGIX) Price Shows Signs of Recovery – Should You Invest in Low Cap AI Cryptos?

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SingularityNET is a blockchain-based platform that makes creating, sharing, and making money from AI services easy. Users can easily access and use AI services through a global marketplace.

The SingularityNET marketplace has AI services you can explore, test, and buy. To access these services, users can use the platform’s native utility token, AGIX. Additionally, AI developers can sell and publish their AI tools on the marketplace, and track their performance conveniently.

SingularityNET’s creators designed Sophia, a robot that’s said to be “world’s most expressive.” They aim to make Sophia better at understanding human language and advance “OpenCog,” a framework for AI that aims to get “advanced general intelligence” better than humans.

This platform was launched in 2017 and had its ICO in December of that year. A whopping $36 million was raised in just a minute.

AGIX Statistics

The current price of SingularityNET (AGIX) is $0.2462 USD, and the trading volume in the past 24 hours is $76,755,019 USD. We provide real-time updates for the AGIX to USD price. SingularityNET has experienced a decrease of 4.08% in the last 24 hours.

It is currently ranked #97 on CoinMarketCap, with a market cap of $301,429,819 USD. The circulating supply of AGIX coins is 1,222,631,811, and the maximum supply is 2,000,000,000 AGIX coins.

Source: Coinmarketcap

AGIX/USD Medium-term (4H Chart)

Traders hope the coin will recover its previous momentum based on the 4-hour chart. They expect it to regain its previous momentum once it breaks above the upper boundary of its current trading range.

Source: TradingView

However, if a lot of selling happens and the coin struggles to maintain its upward momentum, the price could fall to $0.1980 or even lower.

Traders can expect substantial upward movement if buyers keep prices above the 7-day and 14-day moving averages.

Will AGIX Break Above $0.3040 Level?

When analyzing the daily chart, AGIX could face resistance around the $0.3040 mark if its price moves toward the upper range of its trading pattern. If this happens, it is likely that buyers will actively support the price, which may continue to increase. Therefore, AGIX can gain further value in such a scenario.

On the other hand, there is a possibility that the price of AGIX could decline rapidly or face a sell-off if it reaches a significant support level of around $0.2451. However, if the price does not reach that support level, traders may observe AGIX breaking above the upper boundary of its trading range.

Source: TradingView

AGIX may encounter resistance levels at $0.3040 and $0.3822 if the bullish trend persists. AGIX/USD could find support at $0.2451 and $0.1980 if the market falls below the trading range.

The Relative Strength Index (RSI) measures a stock’s strength. If the RSI goes above 50, it suggests that the stock could gain further momentum.

Should You Invest in Low-Cap AI Cryptos?

Artificial intelligence (AI) and cryptocurrency are two highly popular technologies of our time. Unsurprisingly, they have come together in the form of AI cryptocurrencies. Let’s explore some of the largest AI cryptocurrencies based on their market capitalization, as listed on CoinMarketCap.

What is AI?

Artificial intelligence (AI) is a branch of computer science that teaches machines to use data to make decisions, becoming more and more like human intelligence.

Some recent examples of AI applications include AI-generated artwork, where a computer program uses user instructions to create digital art and ChatGPT. This tool can generate text based on user inputs.

In both cases, the results of AI applications closely resemble what a human would produce, and these applications are becoming more advanced. AI has countless possible uses and has made its mark in the world of cryptocurrency.

What’s an AI Cryptocurrency?

AI cryptocurrencies are special digital tokens used on platforms like SingularityNET and The Graph that harness the power of artificial intelligence. Users utilize these tokens to access the platforms and use their advanced AI capabilities.

We have examined the top two AI crypto projects based on their market caps to explore how AI is being utilized in the sector.

The Graph (GRT)

Market cap:  $991 Million 

The Graph is like a search engine for blockchain data, just like how Google helps find website information. It organizes the complex blockchain data into smaller, manageable parts called “subgraphs,” making searching for and accessing specific information easier.

The cryptocurrency, GRT, used within The Graph platform and built on Ethereum, currently has a value of approximately $991 million. This value has decreased since its highest point in February 2021, when it was worth around $1.15 billion.

Source: Coinmarketcap

The Graph (GRT) is currently trading at $0.1091 as per Coinmarketcap data.

SingularityNET (AGIX)

Market cap:  $301 Million

SingularityNET is a platform that enables people to create, share, and earn money from AI services. It has a marketplace where users can find and purchase AI services using the platform’s cryptocurrency, AGIX.

Source: Coinmarketcap

Developers can earn money from AI solutions and models without building complete apps for end users. Developers can also purchase AI solutions and models to integrate into their applications.

AGIX is currently trading at $0.2454, as per Coinmarketcap data.

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