As cryptocurrency markets take a breather after another phase of the new bullish rally, the AI coin segment is in the green. One of its veteran coins, AGIX, jumped to levels not seen since mid-April 2023.
As cryptocurrency markets take a breather after another phase of the new bullish rally, the AI coin segment is in the green. One of its veteran coins, AGIX, jumped to levels not seen since mid-April 2023.
Cardano AI Coin AGIX Sees Double-Digit Growth
In the last 24 hours, the price of SingularityNET (AGIX), an artificial intelligence (AI) cryptocurrency associated with Cardano, skyrocketed from $0.37 to $0.42, representing an increase of more than 13.5 %. The rally could be catalyzed by various network control catalysts in the AGIX ecosystem.
First of all, the project is getting closer to its most important event of the year, Beneficial Artificial General Intelligence Summit & Unconference 2024. The event is jointly organized by decentralized platforms SingularityNET (AGIX), HyperCycle and True AGI.
The long-awaited conference will take place in Panama from February 27 to March 1, 2024.
Additionally, Deep Funding, an incubation initiative focused on next-generation products at the intersection of AI and blockchain, is gaining traction.
To vote for the most promising projects, Deep Funding enthusiasts must have the AGIX token on the Cardano (ADA) or Ethereum (ETH) networks.
With the recent surge, SingularityNET (AGIX) is back in the top five AI cryptocurrencies by market capitalization. With its limit of $521 million, it is accompanied by Bittensor (TAO), Render Network (RNDR), Akash Network (AKT) and Fetch.ai (FET).
OpenAI’s Sora Launch Fuels Rise of AI Cryptocurrencies
In total, the capitalization of the AI coin sphere increased by 4.4% in the last 24 hours and exceeded $13.4 billion, according to data from CoinGecko.
In addition to SingularityNET (AGIX), notable winners include Echelon Prime (PRIME), Artificial Liquid Intelligence
(ALI) and Delysium (AGI).
Interest in the AI segment is once again boosted by the development of OpenAI. This week, Sam Altman’s team released Sora, an incredibly powerful AI model that creates hyper-realistic videos using text prompts.
Users of X (formerly Twitter) en masse share videos created during their experiments with Sora.
