Crypto News

SingularityNET’s AGIX Token Surges Amidst Growing Interest In AI-focused Cryptocurrencies

The native cryptocurrency of SingularityNET, AGIX, has emerged as a standout performer this week, experiencing a significant surge in market value. 

This surge has sparked heightened activity on the Cardano blockchain, reflecting a growing interest in cryptocurrencies with a focus on artificial intelligence (AI).

AGIX’s robust price performance and the general enthusiasm surrounding AI developments have contributed to its recent market momentum.

Over the past week, AGIX’s market capitalization has more than doubled, signaling increased investor interest in the network that facilitates the creation and sharing of AI tools.

Notably, the number of non-zero coin wallets has reached an all-time high of 93.6K, underscoring the growing adoption of AGIX.

Additionally, daily whale transactions on the Cardano blockchain have surpassed $1 million in value, while on-chain volume and conversation rates have experienced significant surges.

AGIX Price Increase Action To Monitor

According to insights from @intotheblock, AGIX holders are overwhelmingly in profit, with 99% of holders seeing gains. The project’s Telegram community has witnessed a notable 5.09% increase, reflecting growing engagement and interest among investors.

Moreover, data reveals that 40% of AGIX holders have held their tokens for more than a year, indicating a strong level of investor confidence and long-term commitment to the project.

Despite its recent success, AGIX experienced a minor setback today, with a 13% decline in its value after posting impressive gains of over 75% throughout the week.

Nevertheless, with a market capitalization still below $1 billion, AGIX remains an attractive prospect for investors seeking exposure to the burgeoning AI-focused cryptocurrency market.

In conclusion, SingularityNET’s AGIX token’s recent surge underscores the growing intersection between cryptocurrency and artificial intelligence, offering investors a promising opportunity amidst the evolving landscape of digital assets.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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