SingularityNET Price Prediction 2024: Can AGIX Build on Recent High?
What's next for SingularityNET?
Key Takeaways
- SingularityNET is a platform that allows people to create AI programs on the blockchain.
- Its native token, AGIX, is used for governance and utility purposes.
- One price prediction says it may reach $1.84 next year.
It is perhaps something of an unfortunate truth that people who were really excited about Web3 in late 2021 and early 2022 have now become really excited about artificial intelligence (AI). However, the fact remains that there are links between the two, and one of them is the SingularityNET platform.
SingularityNET and its native AGIX token aim to cross the divide between the blockchain and AI, although its price has been somewhat volatile over the past few months. But can AGIX build on its recent high?
SingularityNET did not immediately respond to a request for comment.
But what is SingularityNET (AGIX)? How does SingularityNET work? Let’s see what we can find out, and also take a look at some of the SingularityNET Price Predictions that were being made as of February 28, 2024.
SingularityNET Price Prediction
With that all out of the way, let’s take a look at some of the SingularityNET price predictions that were being made as of February 28, 2024. It is important to remember that price forecasts, especially for something as potentially volatile as crypto, very often end up being wrong. Also, keep in mind that many longer-term crypto price predictions are made using an algorithm, which means that they can change at a moment’s notice.
| 2024 | 2025 | 2030 | |
|---|---|---|---|
| Prediction #1 | $1.47 | $1.74 | $4.99 |
| Prediction #2 | $1.24 | $1.84 | $12.42 |
| Prediction #3 | $1.07 | $1.37 | $2.94 |
First, CoinCodex had a short-term SingularityNET price prediction that said the token would be in for a tough time in the weeks ahead, dropping to $0.648090 by March 4 and continuing to fall to reach $0.636220 on March 29. The site’s technical analysis was bullish, with 27 indicators sending encouraging signals and just three making bearish ones.
SingularityNET Forecast for 2024
When it came to other sites making a SingularityNET price prediction for 2024, DigitalCoinPrice was out in the lead, saying that the token would trade at $1.47 this year. PricePrediction.net was more cautious, predicting the crypto would reach $1.24 while CaptainAltCoin was bearish, saying AGIX would go to $1.07 by the end of the year.
SingularityNET Forecast for 2025
In terms of a SingularityNET price prediction for 2025, CaptainAltCoin said it would reach $1.37 that year, while PricePrediction.net said AGIX would get to $1.84 and DigitalCoinPrice had it at $1.74 next year.
SingularityNET Forecast for 2030
Moving on to a SingularityNET price prediction for 2030, PricePrediction.net was the most upbeat, saying it would stand at $12.42 that year while CaptainAltCoin said it would trade at $2.94, while DigitalCoinPrice made an AGIX price prediction that saw it stand at $4.99 at the start of the next decade.
Google Gemini AI Price Prediction for SingularityNET (as of February 28)
Google’s Gemini AI platform gave the following price prediction for SingularityNET on February 28. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.
Short Term (Next 3 months)
- Expected price: $0.669228
- Factors to Consider:
- Overall market trends: The broader cryptocurrency market sentiment significantly impacts individual cryptocurrencies like SingularityNET.
- News and events: Any significant news or events related to SingularityNET or the AI industry could affect its price.
- Regulations: Regulatory changes from governments worldwide can impact the cryptocurrency market, including SingularityNET.
Medium Term (Next 6 months)
- Expected price: $3.5
- Factors to Consider:
- Market sentiment: Overall market sentiment towards cryptocurrencies can significantly impact individual coin prices. If the broader market experiences a bullish trend, AGIX could also see a rise. Conversely, a bearish market could lead to a price drop.
- Developments within the SingularityNET ecosystem: If SingularityNET experiences significant adoption, partnerships, or technological advancements, it could positively impact its price.
- Regulatory landscape: Regulatory changes and uncertainties surrounding cryptocurrencies can also affect their prices.
- Overall economic conditions: Broader economic factors, such as inflation and interest rates, can also influence investor behavior and, consequently, cryptocurrency prices.
Long Term (Next 5 years)
- Expected price: $1.31
- Factors to Consider:
- Market sentiment: Overall positive sentiment towards cryptocurrencies can drive prices up, while negative sentiment can cause them to fall.
- Regulations: Government regulations can significantly impact the cryptocurrency market.
- Adoption and Use Cases: Increased adoption and real-world use cases for SingularityNET’s technology could positively impact its price.
- Technological Advancements: Breakthroughs in artificial intelligence (AI) or blockchain technology could affect SingularityNET’s value.
AGIX Price History
Let’s now take a look at some of the highlights and lowlights of the SingularityNET price history . While past performance should never be taken as an indicator of future results, knowing what the token has done can help give us some very useful context when it comes to either making or interpreting a SingularityNET price prediction.
When AGIX first came onto the open market in January 2018. The crypto market was enjoying a bubble, which helped the token trade at an all-time high of $1.86 on 20 January.
After that, it fell and it reached an all-time low of $0.007497 on 13 March 2020, just as the world was starting to cope with the introduction of Covid-19 lockdowns.
In 2021, the crypto market flourished and AGIX responded well, topping $0.50 in the late summer and early autumn before closing the year at $0.2019.
Things did not go so well in 2022, with a series of market crashes leaving it at $0.03354 on 13 July. Even though there was some recovery after this, the collapse of the FTX exchange in November left SingularityNET trading at $0.03733 on 31 December, a year-on-year loss of more than 80%.
SingularityNET in 2023 and 2024
With AI being 2023’s biggest tech craze, AGIX was able to thrive somewhat, shooting up in value to reach $0.6637 on 8 February, its best price in five years.
Following that, the price slid down and, following the news that Crypto.com was to suspend its US institutional operations on 10 June, after the United States Securities and Exchange Commission announced that it was to sue the Binance and Coinbase crypto exchanges, it sank to $0.174.
In the weeks after that, though, the price recovered somewhat, and, on 18 July 2023, SingularityNET was trading at about $0.2405.
It then ended 2023 at $0.3191 before accelerating between the end of January and February of the new year. AGIX reached $0.6768 on February 28, 2024.
At that time, there were 1.26 billion AGIX in circulation, out of a total supply of 1.38 billion. This gave the token a market cap of around $848.1 million, making it the 101st largest crypto by that metric.
Is SingularityNET a Good Investment?
It is hard to say. While AGIX has done well last year, its success is linked to 2023’s AI boom. With governments across the world understandably concerned about the human impact of artificial intelligence, it could be that regulation will end up damaging the token’s value in the future.
On the other hand, there is no doubt that AI is the hottest thing in the world of tech right now, so SingularityNET is in a very strong position to take advantage of the trend.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in AGIX.
Will SingularityNET go up or down?
No one can really tell right now. While the SingularityNET crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Should I invest in SingularityNET?
Before you decide whether or not to invest in SingularityNET, you will have to do your own research, not only on AGIX, but on other, related, coins and tokens such as The Graph (GRT). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
SingularityNET (AGIX) Explained
SingularityNET is a platform designed to allow people to build their own AI programs on the blockchain.
Created in 2017 by tech experts and entrepreneurs Ben Goertzel, David Hanson and Simone Giacomelli, SingularityNET, which is based on the Ethereum (ETH) blockchain and also has a connection to the Cardano (ADA) blockchain.
It is supported by the SingularityNET cryptocurrency, known by the ticker handle AGIX.
How SingularityNET Works
SingularityNET is, in basic terms, a development platform for AI programs and services. People can sign up and create their AI systems, supported by the power and privacy that the blockchain provides.
In terms of AGIX, people who hold it can take part in votes on the future of SingularityNET, while it is also used to pay to access AI services on the system’s marketplace. AGIX can also be staked, or set aside in order to provide liquidity, with the people who do that entitled to rewards.
It is important to mention here that, because AGIX is based on Ethereum, it is a token, not a coin. You might see references to such things as a SingularityNET price prediction, but these are wrong.
SingularityNET Attention Tracker
Here is a chart for the SingularityNET Google search volume for the past 90 days. This represents how many times the term “SingularityNET AGIX” has been Googled over the previous 90 days.
FAQs
Will SingularityNET reach $1?
It could do. PricePrediction.net says it will happen by 2027, while DigitalCoinPrice thinks it can get there a year earlier. CaptainAltCoin, meanwhile, has it break past the dollar in 2030.
Keep in mind that AGIX has traded above the dollar before, but not since early 2018.
What is SingularityNET used for?
The AGIX token supports the SingularityNET platform, which helps people develop artificial intelligence programs on the blockchain.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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