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SingularityNET’s native token, AGIX, has recently witnessed a notable surge in on-chain activity, reflecting a significant milestone in its journey within the crypto market. According to data provided by Santiment, AGIX’s market capitalization has more than doubled over the past week, indicating a substantial increase in investor interest and confidence.
This surge in AGIX’s performance aligns with the growing enthusiasm surrounding artificial intelligence (AI) within the cryptocurrency sector. Recent advancements in AI technologies, such as OpenAI’s Sora video generator and Nvidia’s robust financial results, have contributed to a general uptick in the value of cryptocurrencies associated with the AI narrative.
AGIX’s price has risen by over 137% in the last two weeks, climbing from $0.298 to $0.7, underscoring its growing significance within the AI ecosystem.
The current surge in AGIX’s value echoes its previous exponential growth observed in early 2023, when the token experienced a remarkable 1,400% increase in value.
Moreover, AGIX has demonstrated a surge in on-chain volume, with daily whale transactions exceeding $1 million in value. Additionally, there has been a notable increase in the number of holders, with a record-breaking 93,600 non-zero coin wallets.
Cardano and AI
Interestingly, AGIX, along with SingularityNET as a whole, represents a crypto start-up that has strategically selected Cardano as its platform. Moreover, the team is actively engaged in enhancing the interoperability of this renowned blockchain, frequently spearheading initiatives geared toward facilitating the collaborative utilization of ADA and ETH.
As AGIX continues to gain traction, social discussions surrounding the token have intensified, reflecting increased community engagement and interest. With AGIX poised to take part in the AI revolution, the future looks promising for decentralized AI-driven technologies.
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