Skip to content

This AI token jumped 900% in 2023 as artificial intelligence hype mounts

This AI token jumped 900% in 2023 as artificial intelligence hype mounts

As systems like SingularityNET AGIX and OpenAI’s text-based tool ‘ChatGPT’ become more widely used, interest in artificial intelligence (AI) applications has increased. Microsoft’s (NASDAQ: MSFT) $10 billion bet in ChatGPT suggests that artificial intelligence programs will become more commonplace in the coming years.

AGIX, an AI native token of SingularityNET, is capitalizing on this as it has tallied huge gains since the start of 2023. In the past week, the token has climbed 170% from $0.17 to $0.46, with AGIX up at the time of publication by 36.9% in the last 24 hours.

AGIX 7-day price chart. Source: Finbold

When looking at the price of the tokens since the beginning of the year, it is even more remarkable because it was trading at $0.045 on January 1, when compared to its price on February 6, using Finbold’s percentage calculator, it is now up 922% since the beginning of the year.

AGIX year-to-date price chart. Source: Finbold

The token now ranks 79th after adding over $500 million to its market cap since the start of the year.

What Is AGIX?

As the first decentralized artificial intelligence market, SingularityNET is based on the Cardano blockchain. Dr. Ben Goertzel, a cognitive scientist and a pioneer in the field of artificial intelligence, founded the project. The goal of the undertaking is to develop an AGI, or artificial general intelligence.

The protocols that make up the SingularityNET ecosystem are either in the process of being constructed or have already been deployed as a fully functional component of the ecosystem.

The SingularityNET ecosystem has seen highly promising on-chain advances. SingularityNET’s path to developing an AGI is becoming closer by the day, as reported in a recent blog post by the ecosystem. 

So far, efforts to create MeTTa, a programming language tailored to achieve SingularityNET’s aims, have proven fruitful. To coincide with the language’s alpha release in 2023, the Distributed Atomspace (DAS) knowledge repository will also debut that year. 

Finally, AGIX was included in Finbold’s top 5 Artificial Intelligence cryptocurrencies to buy in 2023.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account?

Services

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.