{"id":516988,"date":"2023-01-21T08:30:45","date_gmt":"2023-01-21T13:30:45","guid":{"rendered":"https:\/\/uniquehot.com\/?p=516988"},"modified":"2023-03-08T07:26:35","modified_gmt":"2023-03-08T07:26:35","slug":"what-is-singularitynet","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/what-is-singularitynet\/","title":{"rendered":"What Is SingularityNET And Why Is Its AGIX Token Exploding By 116%?"},"content":{"rendered":"

The <\/span>popularity<\/span><\/a> of artificial intelligence applications has been growing as popular platforms like SingularityNET and ChatGPT become mainstream. <\/span><\/p>\n

With Microsoft <\/span>investing<\/span> $10 billion on ChatGPT, we should expect AI applications to become more mainstream in the next few years.\u00a0<\/span><\/p>\n

AGIX, the native token of the SingularityNET, is capitalizing on this as it tallied huge gains since the start of 2023. According to <\/span>CoinGecko<\/span><\/a>, the token is up 116% in the past week (at the time of writing, Friday) with the biggest gains made at the bi-weekly time frame at 360%.\u00a0<\/span><\/p>\n

Related Reading: HNT Balloons As Token Gets 36% More Helium In Run-Up To Network Migration<\/a><\/div>\n

What Is SingularityNET?<\/strong><\/h2>\n

SingularityNET<\/span><\/a> is the first decentralized AI market that is built on top of the Cardano blockchain. The project was founded by Dr. Ben Goertzel, a cognitive scientist and one of the leading figures in AI research. The project is set to create an AGI or an artificial general intelligence.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Image: SingularityNET\/Twitter<\/pre>\n
As of writing, the SingularityNET ecosystem comprises 13 protocols that are either being built or are already deployed as a full-fledged component of the ecosystem.\u00a0<\/span><\/p>\n
Getting Smarter By The Day<\/strong><\/h2>\n
On-chain developments have been very bullish for the SingularityNET ecosystem. According to the ecosystem\u2019s recent <\/span>blog post<\/span><\/a>, the journey of SingularityNET in creating an AGI is getting closer by the day.\u00a0<\/span><\/p>\n
The development of the MeTTa, a custom coding language specifically built for SingularityNET\u2019s goals, have been successful so far.<\/span><\/p>\n
 \"\"Image: Thoughtworks Arts<\/pre>\n
The alpha release of the coding language will be accompanied by the release of the Distributed Atomspace (DAS) knowledge store this 2023.\u00a0<\/span><\/p>\n
This technology would enable the AGI to store data for the long-term. These developments in the realm of AI will certainly make the creation of SingularityNET\u2019s AGI easier.\u00a0<\/span><\/p>\n
How Did These Affect AGIX?\u00a0<\/strong><\/h3>\n
The ecosystem\u2019s native token AGIX is currently one of the most bullish tokens on the market. As of Saturday, AGIX is trading at $0.2139, rising 32% in the last week, and facing rejection at two strong resistances at $0.2362 and $0.2546.\u00a0<\/span><\/p>\n
The current rally of the token is unsustainable and bears might be able to retest its support $0.1404. This support is shaky as any breakthrough on this level might force AGIX to drop at $0.0822 in the medium term.\u00a0<\/span><\/p>\n
AGIX\/US Dollar trading at $0.2139 on the weekend chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Decentraland (MANA) Swells 55% \u2013 Are Metaverse Tokens Back?<\/a><\/div>\n
But as time progresses, investors and traders should be able to observe how AGIX will react with the releases of crucial components of SingularityNET\u2019s AGI development. <\/span><\/p>\n
However, Microsoft\u2019s investment on ChatGPT development will further cement artificial intelligence technology in the mainstream, boosting the development of the AGI.\u00a0<\/span><\/p>\n
With this in mind, investors and traders would have to sustain short term volatility and losses for possible medium term gains.\u00a0<\/span><\/p>\n
Featured image by VentureBeat<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
The popularity of artificial intelligence applications has been growing as popular platforms like SingularityNET and ChatGPT become mainstream. With Microsoft investing $10 billion on ChatGPT, we should expect AI applications to become more mainstream in the next few years.\u00a0 AGIX, the native token of the SingularityNET, is capitalizing on this as it tallied huge gains since the start of 2023. According to CoinGecko, the token is up 116% in the past week (at the time of writing, Friday) with the biggest gains made at the bi-weekly time frame at 360%.\u00a0 Related Reading: HNT Balloons As Token Gets 36% More Helium In Run-Up To Network Migration What Is SingularityNET? SingularityNET is the first decentralized AI market that is built on top of the Cardano blockchain. The project was founded by Dr. Ben Goertzel, a cognitive scientist and one of the leading figures in AI research. The project is set to create an AGI or an artificial general intelligence.\u00a0 Image: SingularityNET\/Twitter As of writing, the SingularityNET ecosystem comprises 13 protocols that are either being built or are already deployed as a full-fledged component of the ecosystem.\u00a0 Getting Smarter By The Day On-chain developments have been very bullish for the SingularityNET ecosystem. According to the ecosystem\u2019s recent blog post, the journey of SingularityNET in creating an AGI is getting closer by the day.\u00a0 The development of the MeTTa, a custom coding language specifically built for SingularityNET\u2019s goals, have been successful so far. Image: Thoughtworks Arts The alpha release of the coding language will be accompanied by the release of the Distributed Atomspace (DAS) knowledge store this 2023.\u00a0 This technology would enable the AGI to store data for the long-term. These developments in the realm of AI will certainly make the creation of SingularityNET\u2019s AGI easier.\u00a0 How Did These Affect AGIX?\u00a0 The ecosystem\u2019s native token AGIX is currently one of the most bullish tokens on the market. As of Saturday, AGIX is trading at $0.2139, rising 32% in the last week, and facing rejection at two strong resistances at $0.2362 and $0.2546.\u00a0 The current rally of the token is unsustainable and bears might be able to retest its support $0.1404. This support is shaky as any breakthrough on this level might force AGIX to drop at $0.0822 in the medium term.\u00a0 AGIX\/US Dollar trading at $0.2139 on the weekend chart | Chart: TradingView.com Related Reading: Decentraland (MANA) Swells 55% \u2013 Are Metaverse Tokens Back? But as time progresses, investors and traders should be able to observe how AGIX will react with the releases of crucial components of SingularityNET\u2019s AGI development. However, Microsoft\u2019s investment on ChatGPT development will further cement artificial intelligence technology in the mainstream, boosting the development of the AGI.\u00a0 With this in mind, investors and traders would have to sustain short term volatility and losses for possible medium term gains.\u00a0 Featured image by VentureBeat<\/p>\n","protected":false},"author":557,"featured_media":516992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87402,10151,10524,83356],"class_list":["post-516988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-agix","tag-ai","tag-artificial-intelligence","tag-singularitynet"],"acf":[],"yoast_head":"\nWhat Is SingularityNET And Why Is Its AGIX Token Exploding By 116%?<\/title>\n<meta name=\"description\" content=\"The popularity of artificial intelligence applications has been growing as popular platforms like SingularityNET and ChatGPT become mainstream. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"What Is SingularityNET And Why Is Its AGIX Token Exploding By 116%?","url":"http:\/\/uniquehot.com\/news\/what-is-singularitynet\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/what-is-singularitynet\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/SingularityNET.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/SingularityNET.png?fit=753%2C366"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["agix","ai","artificial intelligence","singularitynet"],"dateCreated":"2023-01-21T13:30:45Z","datePublished":"2023-01-21T13:30:45Z","dateModified":"2023-03-08T07:26:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"What Is SingularityNET And Why Is Its AGIX Token Exploding By 116%?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/what-is-singularitynet\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/what-is-singularitynet\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/SingularityNET.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/SingularityNET.png?fit=753%2C366\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"agix\",\"ai\",\"artificial intelligence\",\"singularitynet\"],\"dateCreated\":\"2023-01-21T13:30:45Z\",\"datePublished\":\"2023-01-21T13:30:45Z\",\"dateModified\":\"2023-03-08T07:26:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/SingularityNET.png?fit=753%2C366","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/516988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=516988"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/516988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/516992"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=516988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=516988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=516988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}