SingularityNET (AGIX) cryptocurrency has surged by nearly 90%, hitting new all-time highs, fueled by growing interest in artificial intelligence (AI) and a strong market performance following Nvidia’s earnings report.
AGIX’s rally of 128% in the week, along with record-breaking transaction volume and significant whale activity, underscores its position as a top performer in the AI token space.
The number of AGIX holders has reached an all-time high of 93,632, while its price has skyrocketed from $0.24 to nearly $0.80 since January 26.
Although the daily chart’s Relative Strength Index (RSI) signals overbought conditions, analysts anticipate further upward movement, with AGIX potentially reaching $1 and beyond, despite possible short-term corrections. AGIX’s recent surge in value is reminiscent of its significant growth in early 2023.
This surge is accompanied by increased on-chain volume, daily whale transactions exceeding $1 million, and a rise in the number of holders to a record-breaking 93,600 wallets.
AGIX, along with SingularityNET, operates on the Cardano platform, focusing on enhancing interoperability and fostering collaboration between ADA and ETH. The growing community engagement and interest indicate AGIX’s potential to contribute to the AI revolution, highlighting promising prospects for decentralized AI-driven technologies.
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