With its distinct focus on creating a decentralized marketplace for AI services, SingularityNET (AGIX) stands apart from other AI-centered crypto projects. This article will give you a comprehensive explanation of the features and background around SingularityNET. We will also look at some informed estimates of where AGIX may be headed in the years to come.
First, let’s cover the basics! 👇
What is SingularityNET (AGIX)?
SingularityNET (AGIX) is an project putting AI and blockchain technologies to work together. Its decentralized marketplace allows anyone to create, share, and monetize AI services at scale. From small businesses needing AI-powered data analysis to a robotics company needing AI cognition services, SingularityNET aims to connect AI service buyers and sellers in a seamless manner.
The native AGIX token serves multiple functions such as rewarding contributors, purchasing AI services, and allowing stakeholders to participate in the network’s governance.
Who is the creator of SingularityNET (AGIX)?
The masterminds behind SingularityNET is Dr. Ben Goertzel. Launched in 2017, this venture was fuelled by Dr. Goertzel’s experience in artificial intelligence, leading to this union of blockchain and AI.
How does SingularityNET (AGIX) work?
SingularityNET connects AI service providers and users, enabling them to interact without intermediaries. Smart contracts automate service agreements and transactions, while the AGIX token facilitates payments. This unique setup allows for the global democratization of AI, helping avoid monopolies, and promoting a collaborative environment for AI development and usage.
What makes SingularityNET (AGIX) unique?
SingularityNET marketplace interface.
SingularityNET has a number of features that make it stand out from other AI blockchain projects:
- Decentralized AI Marketplace SingularityNET (AGIX) allows for the creation of a global network for AI services. This is distinct from other projects because it democratically provides an arena for AI developers to monetize their services in a transparent and frictionless environment.
- Interoperable Services: SingularityNET’s platform enables different AI services to work together. Its interoperability allows for the creation of complex AI systems from combining multiple individual services – a unique feature in the AI blockchain scene.
- AI Agent-Based Framework: Unlike traditional blockchain projects that rely purely on smart contracts, SingularityNET utilizes AI Agents which interact with each other to buy and sell AI services. This AI Agent-Based Framework allows performing complex tasks in a more efficient manner.
AGIX Tokenomics
The AGIX token is currently capped at a total supply of 1.3 billion tokens, with a circulating supply hovering just over 1.22 billion tokens as of June 2023.
The market cap of the AGIX token stands at $292M, placing it in the 103rd spot in the global market cap ranking. AGIX daily trading volume is $29M. This underscores the traction that AGIX continues to gain in the ever-evolving crypto landscape.
The initial allocation included 50% for the token sale, 20% for the founders and team, 8% for the foundation, and 22% for rewards and partnerships.
AGIX price history
AGIX’s price history is marked by peaks and valleys. It reached its all-time high at $1.86 in January 2018 and reached its bottom at $0.0075 in March 2020. As of June 2023, AGIX trades at $0.2385. A full price chart presented below visualizes these price movements.
AGIX all-time price history. Source: CoinMarketCap
AGIX Price Prediction 2023, 2025, 2030
Let’s take a look at some AGIX price predictions that popular blockchain price prediction sources make.
AGIX Price Predictions for 2023
The 2023 prediction vary for AGIX. According to DigitalCoinPrice, the minimum, average, and maximum prices for AGIX are expected to be $0.21, $0.50, and $0.52 respectively. This suggests a potential modest increase from the current trading price.
On the other hand, PricePrediction.net provides a slightly more optimistic view, estimating that the AGIX price in 2023 might hit a minimum of $0.31, average around $0.32, and reach a peak at $0.35. Both forecasts, however, indicate a general upward trend in AGIX price for 2023.
AGIX Price Predictions for 2025
Fast forward to 2025, and the predictions continue to diverge. DigitalCoinPrice’s projections are relatively conservative, with an estimated range of $0.70 to $0.86, averaging at $0.82. This suggests a steady, incremental climb in AGIX’s price.
Conversely, PricePrediction.net sees AGIX trading at a minimum of $0.65, averaging $0.67, and potentially reaching a high of $0.78. This indicates a more significant increase in price, with a potential for more volatility in the AGIX market.
AGIX Price Predictions for 2030
As we move into the latter part of the decade, the predictions become increasingly disparate. DigitalCoinPrice’s model projects AGIX to trade within the range of $2.33 to $2.48 by 2030, with an average price point of $2.44. This forecast suggests a more substantial long-term growth for AGIX.
PricePrediction.net, however, presents a considerably more bullish outlook. They anticipate the AGIX price might surge to a minimum of $4.28, average around $4.43, and potentially soar to a whopping $5.12.
In summary, while these price predictions differ, they all indicate a potential for growth in AGIX’s future. However, as with any investment, it’s crucial to approach these predictions with caution and conduct thorough research before making any investment decisions.
How to Buy AGIX Token?
The Guardarian exchange offers an easy way to buy AGIX or 400+ other cryptos instantly, with no registration and minimal fees. Our service is non-custodial, meaning that we don’t hold on to your crypto, sending it directly to your wallet of choice.
To invest in SingularityNET, simply:
- Visit www.guardarian.com.
- Select your preferred currency and enter the amount.
- Choose AGIX from the dropdown menu.
- Enter your wallet address & complete our instant checkout.
- Check your wallet – your assets will be there in just a few minutes.
Conclusion
SingularityNET (AGIX) is an intriguing blend of AI and blockchain, offering a novel approach to AI services. Whether you’re considering investing or just fascinated by the project, we recommend keeping an eye on SingularityNET’s progress.
And if you are thinking of investing in AGIX, make sure to visit Guardarian for the lowest fees and fastest checkouts. But remember, always conduct further research or seek professional advice before investing.
