DeFi platform shows a high level of on-chain activity

AGIX AI token exchange rate rose by 128% in a week

23.02.2024 - 10:57

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2 min

What’s new? The exchange rate of the native token of the AI crypto project SingularityNET (AGIX) rose by 128% in a week. According to the experts of the analytics platform Santiment, SingularityNET and AGIX demonstrate a high level of on-chain activity. Thus, over the last week, the market value of the coin has more than doubled. There are 93 600 wallets in the network, and daily transactions of whales worth more than $1 million are observed.

Источник: Twitter.com

What else is known? SingularityNET (AGIX) is a decentralized, open-source blockchain platform for trading artificial intelligence services such as individual algorithms, data and models, as well as complete AI applications.

As of February 23, AGIX ranks 98th in the cryptocurrency ranking with a market capitalization of $878,77 million and is trading at $0,70299 on Binance.

Earlier, graphics processor maker NVIDIA published a report showing that the company’s profit amounted to $22,1 billion, exceeding analysts’ predictions by almost $2 billion.

The company’s CEO, Jen-Hsun Huang, said the results were driven by the release of chipsets with built-in AI. This has led to an increase in the prices of tokens related to artificial intelligence.

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