Top Reasons Why SingularityNet Is Trending Today

Ezra Icy
Updated
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
SingularityNet

SingularityNet native token AGIX is up 41% from yesterday, with an increment of 137% in its trading volume. It is connected to the recent advancement in the AI industry and is assumed to grow more in the coming years. This blog will cover the reason why SingularityNet is trending.

Advertisement
Advertisement

SingualrityNet Relation With SORA

SingularityNet is a blockchain-powered AI marketplace where people can create, share, and monetize AI services. Here, users can browse, purchase, and test various AI services. Not only this, user can also develop and sell their AI tools.

Artificial intelligence adoption is increasing a lot these days. Recently, OpenAI launched the next generation Text-to-Video AI ‘SORA,’ which can create up to 1 minute video from scratch. The user can give a prompt or share a picture with SORA, and SORA will create a realistic multi-frame video with the best quality.

OpenAI CEO Sam Altman showed a lot of custom-made videos based on audiences’ prompts and are creating a buzz online.

Not only this, Elon Musk and Microsoft are also working on similar AI technology. Recently, Microsoft announced the $2 Billion AI expansion amid the SORA launch. This $2 Billion will finance the AI expansion and development in Spain.

SingularityNet Might Reach $1 Soon

SingularityNet

AGIX is continuously bullish and has hiked by 190% in a month time span. It is trading at $0.7152 with a trading volume of $498,384,249. This prominent hike started around a week ago when AGIX was only at $0.318. Within a single day today, it has spiked from $0.5051 to the current value of $0.7037.

Seeing the continued bullish graph, if SingularityNet maintains the same rhythm, it can reach the $1 mark in the next week. Certain factors play a role in the increasing price of tokens. Currently, the topic of AI is trending with continuous discussion from world leaders, so this spike is seen, but the trend falls, and it can fall if there’s no pushing factor other than the trend.

The currency hike wasn’t on the list of analysts, and the average prediction stated the price to be around $0.5 in February month but SORA came out of the Syllabus.

SingularityNet was at its all-time high of $1.86 six years ago and has continuously stayed down with little hike in 2021. It has to see whether the AI trend will lead AGIX to $1 within the next few days or fail.

Conclusion

SingularityNet is trading at $0.7152, with a 41% hike in the last 24 hours because of the introduction of SORA in AI technology. It might reach $1 in the next few years because of the increase of many world leaders bringing better AI technology than we have today.

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Ezra Icy, the creative wizard from Phoenix, Arizona, specializes in crafting magnetic content for Web3 brands. In the digital realm, he doesn't just connect users; he orchestrates a symphony of community and human bonds. Connect with Ezra in transforming pixels into unforgettable moments and turning the virtual landscape into a warm, welcoming oasis of connection only at [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.