An Ethereum-based altcoin that’s been trending arduous this yr is trying 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 also be up 16% within the final seven days whilst Bitcoin retraced from round $23,500 to $22,491 over the identical timeframe.
AGIX’s stellar efficiency comes because the narrative concerning the growth synthetic intelligence continues to dominate headlines.
Billionaire and tech mogul Elon Musk has reportedly reached out to AI researchers to debate the potential for creating a brand new lab that might discover the event of a brand new challenge to rival the favored chatbot ChatGPT.
The information follows Microsoft’s $10 multibillion-dollar investment within the high-profile chatbot.
SingularityNET itself additionally launched an enormous replace this yr.
The protocol’s growth workforce mentioned they’re constructing an ecosystem of tasks that might increase progress and token utilization within the areas of decentralized finance (DeFi), robotics, biotech, gaming, media and enterprise-level AI.
Do not Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox
Examine Worth Motion
Observe us on Twitter, Facebook and Telegram
Surf The Each day Hodl Combine
Featured Picture: Shutterstock/Yuganov Konstantin