Why AI coins are getting popular in 2023?
The proliferation of AI-driven crypto assets in 2023 can be attributed to a confluence of factors, including heightened investor interest, technological advancements, and improved returns. The integration of AI technologies imbues these digital currencies with unique features and enhances their security and transactional efficiency.
By leveraging the power of AI algorithms, these cryptocurrencies aim to disrupt traditional financial systems and offer savvy traders the opportunity to stay ahead of the curve and reap superior investment gains.
What is SingularityNET and why has it pumped so much lately?
SingularityNET is a decentralized AI platform that enables organizations and individuals to create, share, and monetize AI services. It operates on the blockchain and provides a marketplace for AI services, allowing users to purchase and utilize these services for their own projects and applications.
The crypto world was abuzz with excitement as AGIX saw a skyrocket in value starting January 10th, fueled by the announcement of Microsoft’s (MSFT) massive $10 billion investment in OpenAI, the tech giant behind the highly-acclaimed AI tool, ChatGPT.
The token value surged by 110% within 7 days according to CoinMarketCap, before settling at a still impressive value of $0.1828, leaving crypto enthusiasts and investors eagerly monitoring its progress. This latest development highlights the growing interest in the intersection of AI and cryptocurrency and has many speculating on the potential for future growth and innovation in the space.
Looking at the chart displayed above, AGIX seems to have more room to rise in the future since it stays above 200-MA in the 4-hour analysis. However, investors should take a little caution before taking the trade to lower the risk. Also, the coin is having a change of positive 59.66% compared to the data from yesterday.
Moreover, CoinMarketCap data showcases a staggering 206% increase in the trading volume of the token in the last 24 hours.
The post The Intersection of AI and Crypto: A Look at AGIX’s Performance appeared first on Analytics Insight.