SingularityNET Price is Up 800% in 30 Days And Why There's Still Much More to Come

SingularityNET Price is Up 800% in 30 Days And Why There’s Still Much More to Come

Disclaimer Please note that we are not authorised to provide any investment advice. The information on this page should be construed for information purposes only. We may earn commissions from the products mentioned on this site.

Sam Cooling Last updated: February 8, 2023

SingularityNET has awoken from a half decade slumber this month. Native token AGIX has surged through an eyewatering 800% rally in the past 30 days.

AGIX is currently trading at $0.49 as it battles to hold onto hard-won price levels .

February has seen a gentle uptick catalyse into skyrocketing price action. AGIX climbed 305% since the beginning of February.

SingularityNET (AGIX) - 800% rally in 2023 as investors flock to the best altcoins using crypto AI. Read AGIX price analysis to find out more!

Source: TradingView

The rally hit a local top at $0.66 – marking the highest level since 2018 for the steadfast project.

The start of this week saw an immediate area of localised support building between $0.40 – $0.45. This will be a key level to watch as consolidation fights sell pressure from shocked long-term holders.

A breakdown from this support level could spell disaster for rally momentum. The next likely support level sits astride the 200 Day MA at $0.30.

SingularityNET’s jaw-dropping gains have come as the rally enters pure price exploration territory. A move any higher would be a blow-off top with little historical points of reference from the past 3-4 years.

A look back to extreme volatility surrounding the project’s launch in 2018 draws attention to $0.80 as probable top-side resistance. But this is for all intents and purposes new ground. Price exploration hasn’t occurred in this range in half a decade.

How high could AGIX soar?

Looking to indicators illuminates the consolidation movement. Sat remarkably low at 36 due to the ongoing retracement – this is clear bullish divergence. This is very encouraging, indicating buy pressure is far from overbought. A clear signal that price could move up.

Yet despite a bullish RSI, the MACD bodes bearish divergence. Reading at -0.01681, this signals a much needed retrace to test support could be necessary.

Source: TradingView

It is suggestable then that AGIX is due to retrace. This should consolidate and resume upwards momentum over the next week or two.

Thus with an upside target of $0.80 (a 64% gain), and a downside risk to $0.30 (a 38% loss). AGIX currently carries a Risk:Reward of 1.69 – an attractive entry. I would warn that it is worth waiting to see where retracement stabilizes before entering a position.

What is SingularityNET?

Riding on the coat-tails of February’s crypto AI boom – SingularityNET is an old project making a big impact.

The project is focused on the ambitious goal of delivering a decentralised AI marketplace accessible to all. The goal here is to build an open-source artificial general agent (AGA).

In simple terms this means the AGIX team are trying to create open-source AI powered infrastructure that will easily enable developers to deploy artificially intelligent smart contracts.

This would allow fast and scalable building of AI products for end-users. But would also position AGIX as a premier commercial launchpad for AI-based decentralised applications (dApps).

SingularityNET Foundation holds responsibility for ecosystem growth – with a current focus on developing DeFi and GameFi AI products.

Looking for the next big opportunity in crypto?

Meta Masters Guild ($MEMAG)

Meta Masters Guild (MEMAG), with $3.56 million raised thus far, has emerged as one of the most rapidly-selling presales of 2023. Despite its recent inception, MEMAG has positioned itself as a leading web3, mobile-focused gaming platform. While most in GameFi focus on profit-maximising in-game economics, MMG has set out to be the first GameFi ecosystem to focus on fun-maximising in-game economics.

MEMAG aims to offer a unique play-and-earn experience as an alternative to the conventional play-to-earn model, which has faced challenges in retaining user engagement as seen in projects such as The Sandbox, Axie Infinity, and Decentralized. MEMAG’s first game studio, Gamearound, has already joined the ecosystem, and the development of its first product, Meta Kart Racers, is well underway.

In addition to earning rewards in the form of Gems (an in-game currency) through gameplay, MEMAG users can also generate revenue through other avenues, including content creation, game development, and the supply of in-game items. The Meta Masters Guild Presale is currently at $0.023 and increasing.

Buy MEMAG now!

Fight Out ($FGHT)

Fight Out is another revolutionary crypto project coming to the exchanges soon, with almost $4 million raised in a presale launched toward the end of Q4 2022. Fight Out hopes to remove the barriers to entry that come in the form of Web3 knowledge and expensive starter NFTs associated with platforms like STEPN.

The main approach is to open the industry so that everyone can benefit while living a healthy lifestyle. Users who join this new ecosystem will have access to a Move-to-Earn (M2E) fitness app and a chain of physical gyms spread around the world.

Despite Fight Out being in the presale stages, the team is already making inroads in the crypto industry. Today the team had a project interview with Binance check it out here!

Buy FGHT now!

C+Charge ($CCHG)

C+Charge is a cutting-edge cryptocurrency startup that is revolutionizing the way the carbon credit industry operates. With the carbon credit industry estimated to be worth $2.4 trillion by 2027, C+Charge is perfectly positioned to take advantage of this massive growth.

The company is building a blockchain-based P2P payment system for EV charging stations, allowing EV drivers to earn carbon credits and take advantage of the benefits of this thriving industry.

At present, large EV manufacturers like Tesla are the only ones reaping the rewards of carbon credits.

However, C+Charge aims to democratize the carbon credit market and put more of these rewards into the hands of the EV owners themselves.

With the pre-sale Stage 1 completely sold out! Stage 2 of the CCHG token Pre-sale is now underway, early investors have a unique opportunity to get in on the ground floor of a promising environmentally friendly cryptocurrency project.

Visit C+Charge here

C+Charge - Eco Friendly Crypto with Real World Utility

Our Rating

Democratizing Carbon Credits
Incentivizing Wider Adoption of EVs
Real Life Use Case for Web3 Technology
First Platform Allowing EV Owners to Earn Carbon Credits On or Off Chain

Visit Presale

This article was written for Business 2 Community by Sam Cooling.
Learn how to publish your content on B2C

Join our Telegram channel to stay up to date on breaking news coverage

Add B2C to your Google News Feed

Author: Sam Cooling

Follow @crypto_cooling

Sam is a financial journalist with a focus on cryptocurrency market news, based in London - his former publications include Yahoo Finance and Coin Rivet.
With a Master’s Degree in Development Management from the London School of Economics, Sam has previously worked as a Technology Consultant for The…

View full profile ›