SingularityNET(AGIX), a cryptocurrency focused on artificial intelligence (AI), has been rapidly rising in the cryptocurrency market. It is one of the AI coins experiencing strong enthusiasm and sudden increases in value. AGIX has surged in value by 95.46% in the last week and has grown by around 70% in the past year. Trading at $0.7 currently, there is a sense of optimism surrounding AGIX as investors and enthusiasts believe it has the potential for significant growth in line with AI technology trends. With expectations for the price to reach $1, the question remains: what will my portfolio look like if SingularityNET (AGIX) reaches $1?

Understanding SingularityNET(AGIX)

AGIX serves as the primary token on the SingularityNET platform, playing dual roles as a utility token for transactions and a governance token for platform decisions. AGIX tokens are essential for various functions within the SingularityNET ecosystem, such as AI service payments, network participant rewards, and overseeing platform development and features.

The rise of the token paralleled other AI coins as AI discussions took center stage in the crypto world. SingularityNET is a blockchain-based platform enabling users to effortlessly generate, distribute, and profit from AI services via its worldwide AI marketplace.

Market Performance of SingularityNET(AGIX)

SingularityNET(AGIX) market performance chart

Currently, SingularityNET price is $0.7, with a trading volume of $366 million in the last 24 hours. It ranks 87th on CoinMarketCap, with a market capitalization of $878.5 million and 1.2 billion tokens in circulation. AGIX has seen a significant increase in value, rising by 95.46% in the past week and around 70% in the past year, demonstrating its growing importance in the cryptocurrency sector.

Despite being 62.37% below its peak in January 2018, AGIX is surrounded by optimistic sentiment. Investors see potential for growth, especially with the rise of AI technologies affecting market trends. This positivity stems from belief in SingularityNET’s ability to seize new opportunities and solidify its position in the digital currency market.

What happens if SingularityNET (AGIX) Hits $1?

If SingularityNET(AGIX) hits $1 it could mean a significant increase in its market capitalization and adoption. It could potentially increase its market cap by approximately three times and become one of the top cryptocurrencies in the world.

Besides the impact the increase will have on market capitalization, let’s find out how a typical portfolio would look like should AGIX reach $1 mark?

Let’s break down the potential returns and ROI for investments in SingularityNET (AGIX) if the price were to increase to $1 per AGIX, using different investment amounts: $100, $500, and $1000.

Investment with $100:

If you were to invest $100 in AGIX at the current price of $0.7 per AGIX, you would be able to buy approximately 142.86 AGIX tokens. If the price of AGIX were to rise to $1, the value of your investment would increase. At $1 per AGIX, your 142.86 AGIX tokens would be worth around $142.86.

The potential returns on your investment would be the difference between the potential value of your investment ($142.86) and your initial investment amount ($100), which amounts to approximately $42.86. Calculating the ROI involves expressing these returns as a percentage of your initial investment. In this case, the ROI would be approximately 42.86%.

Investment with $500:

With a $500 investment in AGIX, you could buy around 714.29 AGIX tokens at the current price. If the price were to rise to $1 per AGIX, the value of your investment would increase accordingly. At $1 per AGIX, your 714.29 AGIX tokens would be valued at approximately $714.29.

The returns on your investment would be the difference between the potential value of your investment ($714.29) and your initial investment amount ($500), resulting in returns of approximately $214.29. The ROI, calculated as a percentage of your initial investment, would remain at approximately 42.86%.

Investment with $1000:

For a $1000 investment in AGIX, you could buy approximately 1428.57 AGIX tokens at the current price. If the price were to increase to $1 per AGIX, the value of your investment would similarly increase. At $1 per AGIX, your 1428.57 AGIX tokens would be worth around $1428.57.

The returns on your investment would be the difference between the potential value of your investment ($1428.57) and your initial investment amount ($1000), resulting in returns of approximately $428.57. As with the other investment amounts, the ROI would be approximately 42.86%.

Initial Investment

Number of AGIX Acquired

Potential Value at $1/Coins

Profit/Returns

ROI 

$100

142.86

$142.86

$42.86

42.86%

$500

714.29

$714.29

$214.29

42.86%

$1000

1428.57

$1428.57

$428.57

42.86%

Of course, this is merely a speculative situation. Various elements like demand for decentralized AI solutions, competition from other platforms, the SingularityNET ecosystem’s growth, and market conditions can influence AGIX’s future price. It’s important to bear in mind that cryptocurrency investments carry risks, and prices can be highly volatile. Therefore, conducting thorough research, staying informed, and seeking professional advice are essential steps before making any investment decisions.

The post SingularityNET Price : What Will Be My Portfolio if SingularityNET(AGIX) Hits $1? appeared first on CoinGape.

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