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SingularityNET (AGIX) announces major updates, including ASI Alliance token merger, Deep Funding Round 4 results, AGI-24 Conference details, and more. (Read More)
In a notable move, the multisignature wallet 0x1f9, associated with SingularityNET, transferred 4 million AGIX tokens, worth $3.63 million, to Binance within the past 24 hours. These tokens were funneled through multiple intermediary wallets before reaching the exchange. Interestingly, this multisignature wallet had received these AGIX tokens from SingularityNET’s Treasury […]
SingularityNET announces the merger dates for FET, AGIX and OCEAN into the new ASI token, aiming to create a unified decentralized AI network.
OKX will support the migration of AGIX tokens to FET at a 1:0.43335 ratio starting July 1, 2024. Users are advised to follow the provided schedule. (Read More)
OKX will delist the AGIX/USDT margin trading pair and perpetual futures, as per SingularityNET's migration requirements. The delisting will occur on June 26 and 28, 2024. (Read More)
Both AI tokens Fetch and SingularityNET staged a strong price recovery after a three-month downtrend.
The Artificial Superintelligence Alliance (ASI) announced its token merger would be postponed to next month after presenting logistical and technical issues. The alliance was set to merge Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) into the ASI token on Thursday. As a result, the three AI tokens faced a 4% drop in the last 24 hours. Related Reading: Crypto Expert Reveals Top 7 AI Tokens For Massive 100x Growth Dont Miss Out! ASI Token Merger Postponed To July In March, Fetch.AI, SingularityNET, and Ocean Protocol, three leading AI blockchain projects, revealed their plan to merge into the ASI token. This move aims to develop a decentralized AI platform to foster technology advancements accessible to a wider audience. On Tuesday, the ASI alliance announced the delay of the token merger from June 13 to July 15, 2024. Per the announcement, the primary reasons for the rescheduling are logistical requirements and technical independencies. It was further explained that the ASI token merger involves managing complex integrations and attention to numerous moving parts. As a result, the delay was a strategic decision to ensure a smooth execution during the process and ensure all stakeholders needs are adequately met. Humayun Sheikh, Fetch.AIs CEO, and ASIs Chairman, reassured the community that the alliances vision remained unchanged despite the delay. This temporary delay does not impact the substantial progress we have made towards creating a decentralized superintelligence network. Our teams are actively working with centralized exchanges to finalize the remaining steps. We appreciate the continued support and patience of our community and stakeholders as we work through these final logistical steps. SingularityNET Foundations CEO, Ben Goertzel, explained that they are working on integrating the three companies’ AI and blockchain technology. Additionally, he stated his excitement for the upcoming milestone: The finalization of the 3-way tokenomic merger on July 15 will be a major milestone, and we anticipate a series of progressively more exciting milestones after that as we leverage our $ASI token-based network to move toward increasingly capable AI systems and in time actual superintelligence. FET, AGIX, And OCEAN Face 8% Drop After the announcement, the three AI tokens saw a negative price impact in the following hours. SingularutyNETs AGIX token saw an 8.9% decline, from trading at $0.7035 to $0.6404 throughout Tuesday. In the early hours of Wednesday, the token recovered some ground from the retrace. AGIX traded at $0.6819, a 3.8% decrease from the day before. Similarly, Ocean Protocols OCEAN had an 8% drop after the news. The tokens price went from trading at $0.7156 to $0.6576 before recovering the $0.68 support level on Wednesday morning. At the time, AGIX faced a 4.4% decline in its price before the announcement of the delay. Meanwhile, FET saw the largest retrace of the three, with a 10.8% drop. The token fell from the $1.66 price range to $1.48. Later, the token recovered above the $1.62 level, a 3.1% decrease from Tuesday morning. Crypto analyst Altcoin Sherpa commented on FETs performance. The price drop was a good reminder that everything comes back down eventually; you just have to be patient. Moreover, Sherpa said the price range may be a good buy, but it was yet TBD if it’s ‘the bottom.’ Related Reading: Dogwifhat To Tumble? Analyst Sets $1 Target For WIF However, the tokens have now recovered from the drop. As of this writing, FET is trading above the $1.7 price range. The surge represents a 6.7% increase in the last hour and a 4.4% recovery from its price 24 hours ago. Similarly, AGIX and OCEAN have seen a 5.7% and 5.5% surge in the last hour. This represents a 3.4% and 3% increase since the ASI token merger delay announcement. Featured Image from Unsplash.com, Chart from TradingView.com
AGIX is one of the leading AI tokens in the crypto space with a total supply of 2 billion, and a total trading volume of over $105 million, which is over 11% down in the last 24 hours. For over two days, the price of AGIX has been holding strong above the 100-day Simple Moving Average (SMA). The token which has been on a downward ally for quite some days, is showing some signs of price reversal and if this happens a change of direction might occur and the price of AGIX will start a new movement upward. As of the time of writing, AGIX was trading around $0.98817 above the 100-day simple moving average, about 1.68% up in the last 24 hours. Currently, there are two main resistance levels of $0.99038 and $1.04237 and two main support levels of $0.82620 and $0.75779, respectively. Technical Indicators Suggest Upward Rally For AGIX 4-Hour MACD: A technical look at the MACD indicator from the 4-hour timeframe, the MACD histograms are trending above the zero line, and both the MACD line and the Signal line have crossed and are trending above the MACD zero line, indicating a bullish trend. This can be seen in the below image. 4-Hour RSI: The formation of the Relative Strength Index (RSI) in the above image also suggests that the price of AGIX is bullish as the RSI signal line is seen trending above the 50% level. This indicates that buyers are active in the market therefore overpowering the strength of sellers. Alligator Indicator on the 4-hour timeframe: A look at the alligator indicator from the 4-hour time frame shows that the price is trading above the alligator lines as the alligator lip and teeth have both successfully crossed above the alligator jaw, suggesting that the price might continue to move in an upward direction. Support And Resistance Levels To Break Conclusively, the price of AGIX is currently trading around the $0.99038 resistance level and if it manages to break above this level, AGIX’s price will continue to move further toward the $1.04237 resistance level and if it breaks above this level, an upward trend might begin. However, should the price of AGIX fail to break these resistance levels, it will reverse and start a downward movement toward its previous support level of $0.82620. If it manages to break below this support level, the price might move further to test the $0.75779 support level. Featured image from X, chart from Tradingview.com
Artificial Intelligence (AI) is transforming the world in ways that were once considered science fiction. From automating manual labor to...
Binance announces the launch of new spot trading pairs and the expansion of trading bot services on its platform starting from March 7, 2024, aiming to enhance users' trading experience and provide a wider range of trading choices. (Read More)
The teams from Fetch.ai, Ocean Protocol, and Singularitynet (SNET), three top projects in artificial intelligence (AI) on the blockchain, have announced their intention to amalgamate their tokens into a unified cryptocurrency named artificial superintelligence (ASI). 3 Top AI Tokens to Combine Into a Single Coin Called ‘ASI’ In a communication dispatched to Bitcoin.com News, the [...]
The post Fetch.ai, Ocean Protocol, and Singularitynet to Merge Tokens Into Artificial Superintelligence Coin appeared first on Crypto Breaking News.
The three leading artificial intelligence blockchain projects Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN)are on the verge of a potential merger into a new token named Artificial Superintelligence (ASI), with the collective aim of establishing a decentralized AI behemoth. This initiative seeks to position them as formidable contenders against established tech giants such as OpenAI, Google, Microsoft, and Apple, by leveraging the intrinsic benefits of blockchain technology for AI development. Fetch.AI + AGIX + OCEAN = ASI This breaking news was positively received by the market. In the last 24 hours, Fetch.AI has seen a 12% increase, SingularityNET a 10% rise, and Ocean Protocol a significant 23% surge in their values, underscoring the market’s enthusiastic reception to the merger talks. This proposed consolidation, first reported by Bloomberg, aims to amalgamate the three tokens into an ASI token, which is projected to have a fully diluted value of approximately $7.5 billion. The merger’s completion is subject to approval from the community members of each participating platform. Related Reading: Fetch AI Fetches Fire 110% Price Surge Ignites All-Time High Despite the ongoing negotiations, representatives from SingularityNET, Fetch.ai, and Ocean Protocol have maintained a neutral stance, opting not to comment on the matter. According to sources who wished to remain anonymous due to the private nature of the information, the announcement of the deal could come as early as Wednesday, contingent upon the consent of the community members of each involved project. Central to this collaboration is the establishment of the Superintelligence Collective, which would oversee the merged entity’s strategic direction. Ben Goertzel, the visionary founder and CEO of SingularityNET, is set to lead this initiative, with Fetch.ai CEO Humayun Sheikh, notable for his early investment in DeepMind (later acquired by Google), poised to serve as chairman. This leadership structure is designed to synergize the distinct technological and philosophical approaches of each platform, fostering an environment where decentralized AI can thrive away from the conventional corporate model dominated by shareholder interests. Related Reading: Fetch.AI (FET) Price Gains Another 15% Following This Big News The backdrop of this bold move is the escalating investment by heavyweight tech corporations in AI technologies, signaling a broad industry consensus on AI’s transformative potential. The burgeoning interest in AI from these corporations has sparked a parallel movement within the crypto sector, where projects like SingularityNET, Fetch.ai, and Ocean Protocol are pioneering the development of decentralized AI solutions. These solutions aim to democratize AI advancements, ensuring that the benefits of AI technologies are accessible to a wider audience and not just a consortium of tech oligarchs. The largest of all three AI crypto projects by market cap, Fetch.AI (FET) is continuing its price discovery mode after breaking its all-time high in mid-February. At press time, FET traded at $3.24. Featured image from Shutterstock, chart from TradingView.com
A recent report from data analytics firm Kaiko revealed decreased trading activity for AI-related tokens. The report analyzed weekly trading volumes for some of the most popular AI-related tokens, such as Fetch.ai (FET), Injective (INJ), Oasis Network (ROSE), Render (RNDR), SingularityNET (AGIX), and The Graph (GRT). According to Kaiko’s findings, these tokens have experienced the […]
The post AI tokens see the lowest weekly trading volume this year appeared first on CryptoSlate.
In this SingularityNET (AGIX) price prediction 2023, we will analyze the price patterns of AGIX by using accurate trader-friendly technical
SingularityNet (AGIX), an altcoin, is gaining significant traction in mainstream media, even as other top cryptocurrencies see limited trading activity.
In this SingularityNET (AGIX) price prediction 2023, we will analyze the price patterns of AGIX by using accurate trader-friendly technical
The previous week brought a somewhat negative perspective for the cryptocurrency markets, with Bitcoin and Ethereum experiencing a drop to their support levels due to bearish trends. Meanwhile, some altcoins with smaller market capitalizations experience notable increases in value with double-digit gains in the weekly chart. Some low-cap coins on the list of weekly gainers […]
The trillion-dollar cryptocurrency market is being bombarded with a mix of events – regulation updates, delistings, new listings, and high
Breaking down the best artificial intelligence cryptocurrencies for 2023
After months of consolidation under $0.2, the runway was over for the AGIX token by the end of January, soaring almost 300% between February 1 [...]
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