An Ethereum-based altcoin that’s been trending arduous this yr is wanting previous Bitcoin’s (BTC) current corrective transfer because the hype surrounding AI intensifies.
The blockchain-based markeplace for synthetic intelligence companies SingularityNET (AGIX) has rallied from $0.04 on January 1st to $0.48 at time of writing, representing a meteoric rise 1,100% in about two months.
AGIX can be up 16% within the final seven days at the same time as Bitcoin retraced from round $23,500 to $22,491 over the identical timeframe.
AGIX’s stellar efficiency comes because the narrative in regards to the growth synthetic intelligence continues to dominate headlines.
Billionaire and tech mogul Elon Musk has reportedly reached out to AI researchers to debate the opportunity of creating a brand new lab that will discover the event of a brand new mission to rival the favored chatbot ChatGPT.
The information follows Microsoft’s $10 multibillion-dollar investment within the high-profile chatbot.
SingularityNET itself additionally launched a giant replace this yr.
The protocol’s growth group mentioned they’re constructing an ecosystem of initiatives that will increase development and token utilization within the areas of decentralized finance (DeFi), robotics, biotech, gaming, media and enterprise-level AI.
Disclaimer: Opinions expressed at The Each day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any loses you could incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please be aware that The Each day Hodl participates in online marketing.
Featured Picture: Shutterstock/Yuganov Konstantin