{"id":538160,"date":"2024-06-20T14:10:44","date_gmt":"2024-06-20T14:10:44","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=538160"},"modified":"2024-06-20T14:10:44","modified_gmt":"2024-06-20T14:10:44","slug":"singularitynet-price-jumps-25-as-nvidia-becomes-the-worlds-most-valuable-company-and-this-ai-token-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/singularitynet-price-jumps-25-as-nvidia-becomes-the-worlds-most-valuable-company-and-this-ai-token-might-be-the-next-crypto-to-explode","title":{"rendered":"SingularityNET Price Jumps 25% As NVIDIA Becomes World\u2019s Most Valuable Company, But This New AI Token Might Be The Next Crypto To Explode"},"content":{"rendered":"

The SingularityNET price surged 25% in the last 24 hours <\/span>to trade at $0.6853<\/span><\/a> as of 03:36 a.m. EST on trading volume that jumped 148% to $278 million.<\/span><\/p>\n

This comes as chip-maker NVIDIA became the world’s most valuable company after its share price climbed to an all-time high (ATH) on June 18. The company is now worth $3.34 trillion, with this price having nearly doubled since the start of this year.<\/span><\/p>\n

The company’s rally is attributed to the high demand for its chips from tech giants such as Microsoft, Meta, and Google, as their graphics processing units (GPUs) are integral to the development of Artificial Intelligence<\/a> (AI).<\/span><\/p>\n

SingularityNET Price Gearing Up For A Bullish Rally Over The Bullish Pennant<\/strong><\/h2>\n
\"SingularityNET
AGXUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

The SingularityNET price has been on a surge in 2024, with the price of SingularityNET soaring through a markup phase to hit its ATH on March 10 of $1.46. However, the AGX price has not yet reclaimed this high, with the token dropping 54% from its ATH, data from <\/span>GeckoTerminal<\/span><\/a> shows.<\/span><\/p>\n

AGX has been trading within the bullish pennant, as the bulls aim to capitalize on the pattern to stage a bullish rally to propel the token to a new ATH.<\/span><\/p>\n

The SingularityNET token is trading below both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the slight retrace to below the lower boundary of the pennant.<\/span><\/p>\n

Moreover, the Relative Strength Index (RSI) is also rebounding from the 30-oversold level as it closes in on the 50-midline level, currently trading at 45, which is a sign that optimistic investors are taking advantage of the recent price retracement to stage a buyback.<\/span><\/p>\n

SingularityNET Price Prediction<\/strong><\/h2>\n

The SingularityNET price analysis shows a bullish bias, with investors taking advantage of the strong bullish prospects set to push the token to a new ATH over the bullish pennant pattern, targeting $1.55.<\/span><\/p>\n

However, if the bears continue exerting pressure, $0.50 offers a favorable cushion against downward pressure.<\/span><\/p>\n

Meanwhile, some investors are rushing to another AI alternative, WienerAI, a project that is merging AI and blockchain technology. It has already garnered over $6 million in funding in its blockbuster presale.<\/span><\/p>\n

According to the 99Bitcoins YouTube channel, the $WAI token could potentially soar 100X after its launch.<\/span><\/p>\n