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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

AI Token AGIX Surges Over 700% In 2023, Here’s Why

Samuel Edyme
Samuel Edyme
2 years ago
3 mins read
Blockchain

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AI (Artificial Intelligence) tokens which are native tokens of reputable AI projects are becoming a hot trend in the sector. With AI products such as ChatGPT gaining momentum from almost every sector of the internet, any token related to AI seems to be bound to rally significantly. SingularityNET’s AGIX isn’t an exception, as the token has surged massively since the beginning of this year.

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ChatGPT and many other AI systems have proved that the time for AI to enter the mainstream is either here already or just around the corner. Microsoft’s (NASDAQ: MSFT) $10 billion bet in ChatGPT indicated that artificial intelligence programs could become more mainstream in the coming years.

AGIX Rally Over 700% In 2023

Following the increasing traction surrounding AI technology, AGIX, the utility token for the first decentralized artificial intelligence market SingularityNET based on the Cardano blockchain, has amassed huge gains over the past month, cumulating to approximately 742%.

Over the past 30 days, the token has achieved new highs, moving from the range of $0.04 seen earlier this year to trading above $0.4 at the time of writing. The token surged more than 100% over three days, climbing from $0.25 on February 3 to a high of $0.48 on February 6.

AI AGIX AGIXUSDT

AGIX price is moving sideways on the 4-hour chart. Source: AGIX/USD on TradingView.com

Looking at the price chart and based on fundamental analysis of the continuous momentum accumulation, AGIX could still rally further to the upside. The token currently ranks 91st in the global cryptocurrency market following its increase in market cap to over $517.3 million.

AGIX SingularityNET is founded by Dr. Ben Goertzel, a cognitive scientist and a pioneer in the field of artificial intelligence; the main aim of the project is to develop an AGI, also known as Artificial General Intelligence.

So far, products under the SingularityNET ecosystem have seen significant growth regarding on-chain activities. According to a blog post published by the project, SingularityNET’s goal to develop an AGI is soon to be accomplished. The programming language MeTTa, which SingularityNET will use to achieve its goal, has shown positive results.  

AI Becomes The New Thing

As technology has continued to evolve every century, AI is becoming a part of its technological evolution. Big technology companies such as Google and Microsoft have expressed interest in this technology area, resulting in AI tokens outshining the top cryptocurrencies, including Bitcoin and Ethereum.

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Last week Google announced its investment of nearly $400 million in artificial intelligence startup Anthropic AI, which is developing a rival to OpenAI’s ChatGPT. In 2019, Microsoft also invested $1 billion in AI startups and added a $10 billion investment round in the company behind ChatGPT, OpenAI.

These investments from big tech companies suggest artificial intelligence could continue to benefit in the coming months. This status quo could usher in a new era of adoption for SingularityNET, its native token, and the crypto industry in general.

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Samuel Edyme
Samuel Edyme

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Read more

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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