Little-Known Cryptocurrency Surges Over 1,000% in a Month As AI Narrative Takes Over

Little-Known Cryptocurrency Surges Over 1,000% in a Month As AI Narrative Takes Over
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A little-known cryptocurrency that currently has a little more than 300 active daily addresses has seen its price increase of more than 1,000% in the last month as AI seems to be becoming the new discourse of the marketplace.

The explosion of the prices of the cryptocurrency comes at a time when the giants of technology have poured funds into projects of artificial general intelligence (acted), with Microsoft investing up to 10 billion dollars on chatgpt-maker openai and getting ready to embed it in its bing search engine, and Google announces the launch of a rival chatgpt called barde.

While Ai's story takes the upper hand, the price of singularitynet ($agix) has increased by over 1000% in only 30 days, while the number of addresses holding the cryptocurrency in blockchain shifted to 41,200, 39,000 in early Feb. The top 10 owners are estimated to hold 49% of the offer of cryptocurrency.

The market capitalization of the cryptocurrency now amounts to 680 million dollars. Singularitynet, according to , is a blockchain-powered platform that makes it possible for anyone to "build, share, and monetize" services across their markets, that allows users to navigate and purchase these services with their native $agix token.

The singularitynet team is a pioneer in the field of AI and is responsible for the creation of sophia, which is recognized as the most expensive robot in the world. Their purpose is to allow sophia to understand the human language and to fully develop opencog, a varied framework of algorithms representing their innovation. Singularitynet offers companies a simplified process to integrate artificial intelligence tools and tailor solutions to meet their specific needs while ensuring accessibility.

The SingularityNET white paper was first published in February 2019, while the platform was first announced in 2017 by Ben Goertzel, the organization's Chief Executive Officer and Chief Scientist.