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AI (Artificial Intelligence) tokens which are native tokens of reputable AI projects are becoming a hot trend in the sector. With AI products like chatgpt gaining momentum from almost all sectors of the Internet, any token linked to ai seems to be linked to a significant rebound. Agix de singularitynet is no exception, because the chip has exploded massively since the start of this year.
ChatGPT and many other AI systems have proved that the time for AI to enter the mainstream is either here already or just around the corner. Microsoft's $10 billion bet (nasdaq: msft) in chatgpt indicated that AI programs may become more common in the next few years.
AGIX Rally Over 700% In 2023
Following the increasing traction surrounding AI technology, AGIX, the utility token for the first decentralized artificial intelligence market SingularityNET based on the Cardano blockchain, has amassed huge gains over the past month, cumulating to approximately 742%.
Over the last 30 days, the token has soared from the $0.04 range seen earlier this year to trading above $0.4 at the time of writing. The chip jumped over 100% in three days, from $0.25 on February 3 to a record $0.48 on February 6.
The AGIX price changes laterally in the 4-hour graph. Source: AGIX/USD on TradingView.com
Looking at the price chart and on the basis of a basic analysis of the continuous accumulation of momentum, AGIX could still recover. The token is currently ranked 91st on the global cryptocurrency market after increasing market capitalization to more than $517.3 million.
Agix singularitynet is founded by Dr. ben goertzel, a cognitive scientist and a pioneer in the field of AI; The main objective of the project is to develop general AI.
To date, single ecosystem products have grown significantly in terms of chain operations. According to a blog post published by the project, SingularityNET’s goal to develop an AGI is soon to be accomplished. The programming language metta, which singularitynet will use to achieve its objective, has demonstrated positive results.
AI Becomes The New Thing
As technology has continued to evolve every century, AI is becoming a part of its technological evolution. Big tech companies like Google and Microsoft have expressed their interest in this area of technology, resulting in have tokens outperform the top cryptocurrencies, including Bitcoin and Ethereum.
Last week Google announced its investment of nearly $400 million in artificial intelligence startup Anthropic AI, which is developing a rival to OpenAI’s ChatGPT. In 2019, Microsoft also invested $1 billion in AI startups and added a $10 billion investment round in the company behind ChatGPT, OpenAI.
These investments by large technology companies suggest that artificial intelligence may continue to benefit in the months ahead. It could usher in a new era of adoption of the singularitynet, its native token, and the crypto industry in general.
