As cryptocurrency markets recover from another phase of the fresh bullish rise, the AI coins section is up. One of its veteran currencies, AGIX, has risen to heights not seen since mid-April 2023.
Cardano’s AI coin AGIX sees double-digit growth
In the last 24 hours, the price of SingularityNET (AGIX), a Cardano-related artificial intelligence (AI) cryptocurrency, has risen by 13.5%, from $0.37 to $0.42. A variety of community management triggers in the AGIX ecosystem might help to spark the rise.
First, the project is getting closer to its most significant event of the year, the Beneficial Artificial General Intelligence Summit & Unconference 2024. The event is co-hosted by the decentralised platforms SingularityNET (AGIX), HyperCycle, and True AGI.
The highly anticipated conference is scheduled to take place in Panama from February 27 to March 1, 2024.
Deep Funding, an incubation project focusing on next-generation solutions at the confluence of AI and blockchain, is also gaining popularity.
https://x.com/SingularityNET/status/1748201114443382901?s=20
To vote for the most promising projects, Deep Funding aficionados must hold the AGIX token on either the Cardano (ADA) or Ethereum (ETH) networks.
With the current spike, SingularityNET (AGIX) has returned to the top five largest AI cryptocurrencies by market capitalization. With a $521 million valuation, it is joined by Bittensor (TAO), Render Network (RNDR), Akash Network (AKT), and Fetch.ai.
OpenAI’s Sora release fuels AI crypto coins surge
According to CoinGecko, the total capitalization of the AI coin sphere increased by 4.4% in the previous 24 hours and topped $13.4 billion.
In addition to SingularityNET (AGIX), Echelon Prime (PRIME), Artificial Liquid Intelligence (ALI), and Delysium (AGI) have shown significant gains.
The emergence of OpenAI has sparked renewed interest in the AI industry. This week, Sam Altman’s team launched Sora, a very strong AI model that uses text inputs to make hyperrealistic films.
Users of X (previously Twitter) are posting videos generated during their Sora trials in large numbers.
