HomeNewsSingularityNET, Linked to Cardano, Surges 11% Amidst Varied Buyer Sentiment

SingularityNET, Linked to Cardano, Surges 11% Amidst Varied Buyer Sentiment

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  • “SingularityNET’s AGIX token, tied with the Cardano network, witnessed an 11% price jump amid an overall positive cryptocurrency market sentiment.”
  • “The optimistic market climate following the announcement of a potential Bitcoin ETF by BlackRock is influencing AGIX’s gains, combined with renewed enthusiasm within the Cardano ecosystem.”

As the overall cryptocurrency market shows signs of resurgence, SingularityNET’s AGIX token — a blockchain-based Artificial Intelligence (AI) protocol connected with the Cardano network — has enjoyed an impressive 11% spike in its price. At present, AGIX is priced at $0.2566, making it one of the most significant daily increases the token has seen in recent weeks.

SingularityNET, a unique platform fostering an accessible, global AI marketplace, has stayed true to its founding vision of simplifying the creation, sharing, and monetization of AI services. As such, it remains one of the most closely watched AI tokens in the Web3.0 sphere today.

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The recent surge in AGIX’s price seems to be influenced by two core factors: its intrinsic value as an AI token and the overarching positive vibes pulsing through the crypto market. The announcement of BlackRock’s application for a spot Bitcoin Exchange Traded Fund (ETF) — sparking a flurry of similar filings — has undoubtedly contributed to an overall market resurgence. The total market cap has bounced back from a trough of around $1.04 trillion to its current standing at $1.18 trillion.

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SingularityNET’s AGIX has been a key beneficiary of this upswing and the consequent return of optimism within the Cardano ecosystem. Notably, the Cardano network previously faced significant price pressures after the United States Securities and Exchange Commission (SEC) labelled it as a security. This classification was also assigned to other leading altcoins, such as Binance Coin (BNB), Solana (SOL), and Polygon (MATIC).

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Looking ahead, AGIX is seeking to recover from the losses it suffered over the previous month. Despite the coin shedding nearly 5.49% of its value during this period, trading volume trends indicate a promising growth trajectory. The next key milestone for AGIX will be breaking the $0.3 price barrier, which would signal its return to a period of positive growth.

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Jack Williams
Jack Williams
As a Blockchain Analyst, I specialize in analyzing the performance of decentralized systems and optimizing their efficiency. Through data analysis, I provide insights on blockchain technology, smart contracts, and cryptocurrencies to help businesses make informed decisions and improve their operations.
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