SingularityNet, a blockchain-based AI marketplace, has seen a significant surge in its native token AGIX, with a remarkable 41% increase in price and a whopping 137% rise in trading volume within just one day. The platform allows users to create, share, and monetize AI services, offering a unique opportunity for developers and buyers in the AI industry.
The recent buzz around SingularityNet can be attributed to the unveiling of OpenAI’s ‘SORA,’ a cutting-edge Text-to-Video AI that can generate high-quality videos based on user prompts. With the likes of Elon Musk and Microsoft also delving into AI technology, the landscape is ripe for innovation and growth in this sector.
AGIX has been on a bullish trajectory, surging by 190% over the past month and currently trading at $0.7152. The sudden spike in price, fueled by the introduction of SORA, has sparked optimism among investors, raising hopes of reaching the coveted $1 mark in the near future.
Despite the positive momentum, analysts had not predicted such a sharp rise in AGIX’s value, with earlier forecasts pegging it at around $0.5 for February. However, the influx of interest in AI technologies has propelled SingularityNet into the spotlight, paving the way for potential growth in the coming days.
As the AI trend gains momentum and with world leaders investing heavily in advanced technologies, the future seems bright for SingularityNet and its native token AGIX. Whether the platform can reclaim its previous all-time high of $1.86 remains to be seen, but the current trajectory suggests promising possibilities on the horizon for this innovative AI marketplace.
