Artificial intelligence-related tokens are surging, with SingularityNET’s AGIX taking the lead.

Microsoft’s Investment Causes an Increase in AGIX Prices

AGIX, the utility token of SingularityNET, a blockchain artificial intelligence project, has experienced a substantial rise of 18% during the last day.

The reason for this increase is Microsoft’s declaration that it will invest in OpenAI, the start-up that created the well-known artificial intelligence (AI) product ChatGPT.

The announcement has prompted interest in AI-focused tokens in the cryptocurrency market and enthusiasm about them.

AI and Big Data Market Dominated by AGIX Token

According to CoinMarketCap statistics, SingularityNET’s AGIX token has become the market leader in the AI and big data token space, with an amazing jump of 18% over the previous day and a staggering 80% growth over the last seven days.

Following the announcement of Microsoft’s involvement, the token’s upward trajectory started on Tuesday, reaching a high of 10 cents before leveling off at 8 cents.

Trading Volume on AGIX Soars

According to CoinMarketCap, AGIX has had a significant increase in trading volume, which has increased by an amazing 529% during the last day.

AGIX, which was first introduced in 2018 and underwent a rebranding in 2021, runs on a number of blockchains, including Cardano and Ethereum, giving consumers flexibility and accessibility.

Rising Development of AI-Related Tokens

Other tokens connected to artificial intelligence and big data have also seen considerable growth, thus the rise in AGIX is a symptom of a larger trend in the market.

Over the last seven days, The Graph’s native token (GRT) has increased by 15% whereas Fetch has decreased.

The native token of AI (FET) has had a stunning increase of over 60% throughout the same time period.

The Long-Term Potential of AGIX

The market has just begun to value and recognize AI-related tokens, as seen by the recent increase in AGIX prices.

Together with its alliances and sector knowledge, SingularityNET’s revolutionary approach to blockchain AI technology prepares AGIX for sustained development and acceptance.

The possibilities for AGIX’s future and its contribution to the development of the AI environment are being actively watched by investors and enthusiasts.

Innovations Driven by AI Open the Door

The rise in tokens with AI associations is an example of how AI-driven technologies are having an increasing impact on the cryptocurrency market.

Investors and traders are becoming more aware of the potential of AI-focused tokens as AI continues to transform sectors and open up new opportunities.

Blockchain and AI technologies coming together has the potential to revolutionize several industries and spur further development.

Investing in AI and Crypto’s Future

The rise of AGIX and other AI-related tokens highlights how critical it is to accept the potential of both AI and cryptocurrencies.

Purchasing tokens connected to artificial intelligence (AI) can provide you the chance to share in the revolutionary potential of these technologies as technical development quickens and AI is increasingly incorporated into many facets of our life.

Investors may put themselves at the forefront of this dynamic and changing industry by maintaining strategic awareness.

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