SingularityNet Coin AGIX to Soar High? Or is XRP20 A Better Hedge Against Volatility?

Updated: 20 June 2024

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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AGIX, the SingularityNET coin, is attracting significant attention in the market. This comes as investors speculate about a potentially massive rally. The SingularityNET ecosystem touts itself as the world’s leading decentralized AI marketplace.

Its primary mission is to develop Artificial General Intelligence (AGI) for a beneficial technological Singularity. Through decentralizing AI, the project aims to establish a fair distribution of power, value, and technology on a global scale.

We are bootstrapping an ecosystem of projects across multiple industry verticals that will drive platform growth and token utilization: #DeFi, Robotics, Biotech & Longevity, #Gaming & Media, Entertainment, and Enterprise-level #AI. pic.twitter.com/ofA2SEsrRK

— SingularityNET (@SingularityNET) July 19, 2023

Key Features of SingularityNET

Several key features define the SingularityNET ecosystem, with network users enjoying the following:

First, it presents a value-adding AI network. This is by focusing on AI systems that make the world more compassionate, just, and sustainable. It applies to both now and in the future.

Secondly, users also enjoy the AI marketplace and AI publisher. These are avenues with an extensive library of AI algorithms created by a community of service providers. The platform’s publishing infrastructure allows users to integrate AI services into their applications and share them with a global market.

AGIX Price Analysis

An analysis of the daily price chart for the AGIX/USDT trading pair shows that the cryptocurrency is exhibiting a Bullish Flag Pattern. While this technical formation is bullish, the pattern typically indicates that the prices are poised to test the lower boundary of the descending channel before experiencing a rapid upward movement.

Subsequently, a significant surge of more than 198% in value from its current price level can be expected, targeting the price level of $0.7.

AGIX price — TradingView: AGIX/USD 1-Day Chart

Several technical indicators further support the analysis, with the Moving Average Convergence Divergence (MACD) histograms displaying a negative pressure trend.

This is because they are observed to be close to the zero line, suggesting an impending price downturn.

Moreover, the Stochastic Oscillator is trending downward and is on the verge of entering the oversold region. This further strengthens the notion of a forthcoming decline.

Additionally, the Exponential Moving Average (EMA) crossover confirms the bearish sentiment prevailing in the market. The lower EMA, represented by the orange line, is situated below the higher EMA, represented by the blue line. This points to a bearish trend in the price movement of the SingularityNET token.

While AGIX coils up for a move north, there is another coin with similar growth potential called XRP20.

Promising Alternative to AGIX

In a bid to reignite the passion of the XRP Army, XRP20 has emerged as a new ERC-20 token offering exciting opportunities for crypto enthusiasts. Remember the days when XRP was at its all-time low of $0.0028? Well, now investors can grab XRP20 at a rate 30 times cheaper.

XRP20 Presale: A Second Chance

The XRP20 presale is now open, offering a unique opportunity to get in on the ground floor. It features among the best crypto presales to invest in now for 10x gains in 2023. The token is not affiliated with XRP or any Ripple Labs products, providing an experimental and entertainment-oriented experience. In less than 20 hours of its launch, the token has already collected $89,000. This presale stage has a target set for $1,850,000. Currently, investors can buy 1 XRP20 for $0.000092.

https://twitter.com/XRP20_coin/status/1686451767129554962

Unlocking Staking Utility

Unlike the original XRP, which lacked utility for retail investors, XRP20 introduces on-chain staking. XRP20 is designed as a deflationary token, featuring a buy and burn mechanism that sends 0.1% of every buy and sell to a burn address. Additionally, 10% of the total supply is allocated to be burned, reducing the token supply over time and increasing its scarcity.

https://twitter.com/XRP20_coin/status/1686655617362972672