As general market mood is rising across the board, SingularityNet (AGIX), a Cardano-related Artificial Intelligence (AI) protocol, has joined the current rally. AGIX’s current value is $0.2566 after rising as much as 11% in one of the most significant daily rises in the previous month.
Doubling down on AGIX fundamentals
With an open AI marketplace, SingularityNET was created as a platform that makes it simple for anyone to “create, share, and monetize” AI services. It has intensified its effort since its start and is still one of the most widely used AI tokens in the Web3.0 era.
The protocol’s mood as an AI token and the market’s overall favourable momentum may both be credited for the present growth that is being seen.
The market has had a gradual rebound since the announcement of BlackRock’s application for a spot Bitcoin Exchange Traded Fund (ETF), which spurred a surge of additional files. As a result, the aggregate market cap has increased from a low of around $1.04 trillion to its current level of $1.18 trillion.
SingularityNET has benefited from this expansion and the Cardano ecosystem’s return to optimism. Remember that earlier this month, after being classified as a security by the US Securities and Exchange Commission (SEC), along with other popular cryptocurrencies including Binance Coin (BNB), Solana (SOL), and Polygon (MATIC), Cardano’s price saw a significant drop.
What’s next for AGIX
AGIX is attempting to reduce the losses it has accumulated over the previous month with its current price run. The digital currency has lost as much as 5.49% in the last month, according to statistics from CoinMarketCap, despite continuing a highly encouraging growth trend in its trading volume.
The coin’s next important price goal is to surpass the $0.3 mark, which will signal the start of a new period of positive development.
