SingularityNet native token AGIX is up 41% from yesterday, with an increment of 137% in its trading volume. It is connected to the recent advancement in the AI industry and is assumed to grow more in the coming years. This blog will cover the reason why SingularityNet is trending.

SingualrityNet Relation With SORA

SingularityNet is a blockchain-powered AI marketplace where people can create, share, and monetize AI services. Here, users can browse, purchase, and test various AI services. Not only this, user can also develop and sell their AI tools.

Artificial intelligence adoption is increasing a lot these days. Recently, OpenAI launched the next generation Text-to-Video AI ‘SORA,’ which can create up to 1 minute video from scratch. The user can give a prompt or share a picture with SORA, and SORA will create a realistic multi-frame video with the best quality.

OpenAI CEO Sam Altman showed a lot of custom-made videos based on audiences’ prompts and are creating a buzz online.

Not only this, Elon Musk and Microsoft are also working on similar AI technology. Recently, Microsoft announced the $2 Billion AI expansion amid the SORA launch. This $2 Billion will finance the AI expansion and development in Spain.

SingularityNet Might Reach $1 Soon

AGIX is continuously bullish and has hiked by 190% in a month time span. It is trading at $0.7152 with a trading volume of $498,384,249. This prominent hike started around a week ago when AGIX was only at $0.318. Within a single day today, it has spiked from $0.5051 to the current value of $0.7037.

Seeing the continued bullish graph, if SingularityNet maintains the same rhythm, it can reach the $1 mark in the next week. Certain factors play a role in the increasing price of tokens. Currently, the topic of AI is trending with continuous discussion from world leaders, so this spike is seen, but the trend falls, and it can fall if there’s no pushing factor other than the trend.

The currency hike wasn’t on the list of analysts, and the average prediction stated the price to be around $0.5 in February month but SORA came out of the Syllabus.

SingularityNet was at its all-time high of $1.86 six years ago and has continuously stayed down with little hike in 2021. It has to see whether the AI trend will lead AGIX to $1 within the next few days or fail.

Conclusion

SingularityNet is trading at $0.7152, with a 41% hike in the last 24 hours because of the introduction of SORA in AI technology. It might reach $1 in the next few years because of the increase of many world leaders bringing better AI technology than we have today.

The post Top Reasons Why SingularityNet Is Trending Today appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am