AGIX: the crypto of the moment
AGIX is the crypto riding the bullish AI wave the most, along with The Graph.
Today, the AGIX crypto is worth €0.47, the token rises by 10.88% compared to yesterday with a daily volume of €474.94 million.
AGIX and speculation about Musk’s interest
The price of AGIX, the SingularityNET token, is registering impressive growth.
The interest that the Tesla founder has shown in finding alternative solutions to ChatGPT has given a boost to the entire AI-related crypto sector.
It had been a while since the luminary Elon Musk laid the foundations for a transition to the artificial intelligence asset class.
The truth is that his relationship with artificial intelligence goes way back; the first machine – AI experiments are truly his.
After the early successes, the tycoon had abandoned the project, saying he was worried about the future and that the technology was too dangerous, an even greater danger than nuclear power.
Recently, however, there has been a renewed interest in the face of ChatGPT’s success, and so Elon Musk, with the threat of missing a train, has stepped back in.
The entrepreneur’s first move was to hire Igor Babusckin, a former employee and researcher at Google’s DeepMind AI unit.
Taking Babusckin was a move that, from the eyes of analysts, shows a new descent of Musk into the artificial intelligence branch.
This series of connections was enough to set off massive speculation about SingularityNET’s AGIX.
AGIX is the most representative token in the AI branch and is also the one with the best results when it comes to trying to merge blockchain and AI technology.
Speculation is on two fronts, first is to take Elon Musk’s interest in AI as a given and then that Musk is interested in AGIX itself.
However, fantasy is one thing and reality is another, so if one wants to speculate it must be done carefully.
The performance of crypto SingularityNET (AGIX)
SingularityNET’s AGIX has been going from one rally to another for several weeks now, and this is encouraging investors.
Since the early days of 2023, AGIX has grown relentlessly, registering a 10% leap forward even today.
Interest in artificial intelligence is growing, and with it, so is interest in AGIX.
The token’s bullish movement, despite a halt in the first week of February where it had been lateralizing, has resumed strongly of late.
Current technical analysis sees AGIX in a bullish spiral for the foreseeable future.
Designed to generate, exchange and profit from services related to artificial intelligence, SingularityNET has climbed the capitalization rankings.
As of today, the coin ranks 84th in market capitalization, proving that it has been able to increase its value eightfold since January 1st.
On-chain data shows how SingularityNET (AGIX) is among the top 10 tokens as a result of interest from Ethereum’s biggest whales.
The whale’s interest in AI-related crypto companies is a sign that the trend is far from over.
Analyzing the price of AGIX on the chart, we notice that it has made a triangle formation in recent weeks which is likely to lead to a rally on the AI crypto.
According to Faibik, the crypto is about to enter a bullish pattern, and he sees a connection between the return of the crypto market and the prospects of SingularityNET.
Next to The Graph (GRT), SingularityNET is the symbol of choice for artificial intelligence.
Meanwhile, Bitcoin starts the week with a growth of 2.22% taking it to €22358.30.
The combination of Bitcoin’s growth and interest in AI can only be positive news for AGIX.
The token is riding on the back of this news and while they wait for a concrete move from Musk, it is enjoying the positive moment to the delight of investors.
