With the launch of ChatGPT-4, SingularityNET’s AGIX price has increased significantly. Blockchain-based platforms that enable developers to create, share and monetize artificial intelligence services have surged in interest by more than 30% in the last 24 hours following the release of advanced AI language models.

AGIX is about to reach its second all-time high of 0.60 cents, set in September 2021.

Singularity AGIX
(Source: Coin Market Capitalization)

Rise of singularity

This year alone, AGIX has risen by over 1,088%, making it one of the best performing cryptocurrencies. SingularityNET is a leading blockchain project focused on becoming a significant player in the AI ​​industry, operating a market for AI applications that investors expect to have a significant impact on the sector.

Read more: OpenAI’s latest version, Chat GPT-4, takes the crypto world by storm

SingularityNET (AGIX) price surged, rising 27.8% to reach US$0.499027 in the last 24 hours. According to CoinMarketCap data, the blockchain-based platform currently has a market capitalization of $601 million.

Investors appear optimistic about the potential applications of ChatGPT-4, pushing new technology with the ability to understand and respond to complex language queries. This growing interest has caused the price of his AGIX token on SingularityNET to skyrocket.

SingularityNET provides a marketplace for developers to create and monetize AI services, with payments made in cryptocurrencies. The popularity of the platform among developers and users may have contributed to the recent price hike.

In the last 24 hours, SingularityNET has recorded a trading volume of US$84510, highlighting the huge interest in this digital asset.

Analysts Predict Continued Growth in AI and Blockchain

The introduction of advanced language processing tools such as Chat GPT-4 is expected to have a major impact on SingularityNET and the blockchain industry as a whole. Analysts predict that Chat GPT-4 could revolutionize the way blockchain-based applications interact with users due to its excellent performance in test scores. This is particularly relevant to SingularityNET, which relies heavily on AI and natural language processing capabilities to power the ecosystem of dApps and the broader usage economies that emerge for practical, real-world use cases at AI scale. .

(Source: Cryptoslate)

By Jules

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