SingularityNET (AGIX) Shocks the Market with an 800% Yearly Growth Spike – Here’s Why – CryptoNewsTo

SingularityNET (AGIX) Shocks the Market with an 800% Yearly Growth Spike – Here’s Why

Recently, AGIX, the cryptocurrency of the SingularityNET project, has seen an incredible surge in value. Despite being relatively unknown, AGIX has experienced a remarkable 800% increase since the beginning of 2023 and appears to be continuing its upward trajectory. So, what exactly is SingularityNET, and what is driving the impressive growth of its AGIX token? and how high can SingularityNET go? Let’s explore and find out.

What is SingularityNET?

SingularityNET is a decentralized platform that allows anyone to buy and sell artificial intelligence services. In a nutshell, it’s a marketplace for developers and businesses to share and use artificial intelligence algorithms. The platform is built on blockchain technology and accepts payments in the form of its native cryptocurrency, AGIX. SingularityNET aims to make AI more accessible and democratize its benefits by establishing an open network for AI. Anyone can join the AI revolution and contribute to its advancement with SingularityNET.

Currently, the SingularityNET network hosts about 15 AI-based platforms from various industries, including finance, robotics, biomedical, media, arts, and entertainment. These services can be purchased with AGIX, the platform’s native cryptocurrency. Incentives can also be earned by staking AGIX, and the token can be used to vote on governance proposals within the platform.

How has the AGIX price moved in the last few days?

 how high can SingularityNET go

How high can SingularityNET go: AGIX/BTC Weekly chart showing the price – GoCharting

The hype surrounding Artificial Intelligence (AI) based tokens drives SingularityNET (AGIX) to its current 800% growth. Trading at $0.4691, AGIX is among the top-performing altcoins today and competes with other AI-based digital currencies. SingularityNET is gaining momentum and creating a buzz with its newly announced partnerships.