SingularityNET’s AGIX Token Makes Waves on Cardano

Thanks to a growing interest in AI-centric cryptocurrencies, AGIX has emerged as a point of interest within the Cardano blockchain community.

This noticeable surge in AGIX’s performance is similar to people who are optimistic about artificial intelligence (AI) in Bitcoin. Recent progress in AI technology, such as OpenAI’s Sora video generator and Nvidia’s strong financial performance, has raised the value of coins linked to the AI story.

In just two weeks, the price of AGIX has gone from $0.298 to $0.7, a huge 137% rise. That’s how important it’s getting in the world of AI.

Recently, there has been an apparent rise in activity on AGIX, SingularityNET’s token. It marks the first notable market movement since 2023.

A surge in AGIX Market Value and On-Chain Volume

According to Santiment data, the market value of SingularityNET’s token has more than doubled in the last week, which shows that investors are much more interested in and confident in the business. The last time AGIX’s performance went this route was when the token’s value increased by 1,400% in early 2023.

🤖 #SingularityNET and its native token, $AGIX, are seeing sky-high levels of #onchain activity today with its market cap well over doubling in the past week. The network, which facilitates the creation and sharing of #AI tools, has an #alltimehigh 93.6K non-0 coin wallets now,… pic.twitter.com/nQkzEEJydz

— Santiment (@santimentfeed) February 22, 2024

SingularityNET’s token has also seen a surge in on-chain volume, with daily whale trades worth more than $1 million. A record-breaking 93,600 non-zero coin wallets show that there has also been a noticeable spike in users.

Notably, both AGIX and SingularityNET are crypto startups that picked Cardano as their platform on purpose. The team is also working hard to make this well-known blockchain more open. They are often in charge of getting people to use ADA and ETH together.