Since September 2021, the price of SingularityNET’s AGIX token has been falling. SingularityNET aims to promote interoperable AI, which is expected to drive industry digital transformation.
This article examines the AGIX/USD protocol, its recent developments, and its future AGIX price.
Decentralized SingularityNET AI.
Ben Goertzel, David Hanson, and Simone Giacomelli founded SingularityNET in 2017. For over 20 years, Goertzel has utilized AI to study longevity and genetics. Hanson has started multiple robotics companies since November 2018. Giacomelli left bitcoin consultancy Cryptodex in March 2019 to join Vulpem.
Sophia is SingularityNET’s first AI robot. Sophia must become a human-level AI.
SingularityNET is a full-stack decentralized platform that “allows AIs to collaborate and coordinate at scale, overcoming one of the biggest limiting factors to AI progress today – the lack of interoperability”
Anyone may utilize SingularityNET’s AI algorithms, services, and agents. AI shouldn’t be siloed by company, infrastructure, or industry. AGIX currency: The SingularityNET Marketplace is a decentralized application (dApp) that shows available AI services and takes payments in AGIX tokens.
SingularityNET has an AI Marketplace, Publisher Portal, and Staking.
AGIX token holders may stake their tokens monthly. At the end of 30 days, users may keep staking or withdraw their tokens and winnings. AGIX tokens pay for marketplace services and vote on governance. SingularityNET published its AGIX ERC-20 Converter Bridge testnet in 2021. The bridge transfers AGIX tokens from Ethereum to Cardano.
When moving tokens from Ethereum to Cardano, users lock AGIX-ETH in an Ethereum smart contract and mint AGIX-ADA tokens. Transferring tokens to Ethereum destroys AGIX-ADA and unlocks AGIX-ETH. SingularityNET may “actively accelerate our cross-chain ecosystem development” after Cardano’s Alonzo hard fork.
SingularityNET and Cardano received $500,000 in ADA tokens from Cardano’s Catalyst Fund7.
SingularityNET launched SingularityDAO in 2020 to automate investment. On 20 December 2021, SingularityDAO initiated a beta test of DynaSets, a “dynamically managed collection of assets” analogous to a Hedge Fund in traditional banking.
Long-term AGIX price decline
In December 2017, SingularityNET had an initial coin offering (ICO). The AGIX token began trading in January 2018 at $0.5393 and soared to $1.98. AGIX’s price trend showed a drop to $0.2756 on February 6, 2018, and $0.02882 in November.
AGIX tokens cost $0.009179 in March 2020 and $0.0452 overall. In April 2021, bitcoin prices soared to $0.5798 before falling to $0.1102.
During the summer, a brief squeeze drove the price up to $0.6596 in early September. AGIX closed 2021 at $0.2019 and traded as low as $0.1167 on 24 January. The coin cost $0.1369 when this was written (26 January).
How do prices look for 2022 and beyond?
AGIX’s future is uncertain. At the time of writing, CoinCodex’s technical analysis showed negative short-term sentiment, with 18 indicators exhibiting’sell’ signals and 14 indicating ‘buy’ signals. Despite the negative sentiment, CoinCodex predicted AGIX tokens might reach $0.1381.
Wallet Investor’s algorithm-based price projection for AGIX was gloomy. SingularityNET predicts AGIX will be worth $0.0874 by 2022 and $0.0376 by 2023. By 2027, the price might reach $0.0344.
Gov Capital predicted AGIX’s price will drop from $0.26 to $0.194 and $0.119 by 2022 and 2023. Deep learning-based website analysis projected $0 pricing by September 2025.
Price Prediction’s AGIX prediction was better. The website predicted that the AGIX price would average $0.59 in 2022, $1.74 in 2025, and $9.91 in 2030.
Remember that bitcoin markets are very volatile, making short-term and long-term projections problematic. Analysts and algorithm-based forecasters make wrong predictions.
Always conduct your own research and consider market trends, SingularityNET news, technical and fundamental analysis, and expert opinion before investing.
If you want to quickly and safely make a Raydium exchange or an AGIX exchange, or an exchange of another cryptocurrency, use the LetsExchange online exchanger.