• The token of Singularity has risen in the past six days to reach the highest point in October.

• It has soared by more than 200% from the lowest value in 2022.

The price of AGIX has risen against the trend in the past few days. The token of Singularity has soared in the past six days. At this stage, the buying and selling price is US $0.10, the highest since October 14. Coins jumped from the minimum standard in 2022 to above 204%. The company's market value has soared to more than $115 million.

What is Singularity Net?

SingularityNET is a blockchain project dedicated to integrating the definition of human universal intelligence (AGI) that does not depend on all intermediate objects. The website is based on Cardano's blockchain technology. Some of its top partners are Ocean Protocol, Cisco and Binance Connect.

The ecosystem of singularity has been improving. It mainly includes new projects in the fields of DeFi, mobile games, plastic arts and enterprise AI technology. Some top applications in its ecosystem include SingularityDAO, Nunet, Rejuve, Sophia Verse, Awakening Health and Jam Galaxy.

Singularity DAO is a fragmented portfolio management agreement, committed to enabling everyone to safely and quickly manage their encrypted assets. On the other hand, Nunet builds infrastructure to provide distributed storage and storage for scattered Internet.

Some of the most critical achievements of Singularity Network in 2022 are AI model training. It's also onSmanoService platform sales market.

#The artificial intelligence market of blockchain technology of Singularity Network has been greatly improved in 2022. According to the @ DeepFunding (second round=opening up) support project, we will actively develop and design # AI agents, and we will complete the scale expansion in 2023! Please read the article here and look back at the end of the year: https://t.co/ZWJEdIDS4r#BuildingOnCardano#AGI pic.twitter.com/c8wb6s6gUt

-Singularity_NET, January 8, 2023

It is still unclear why the price of AGIX has increased significantly in the past few days. One of the most likely reasons for the rise is Cardano's strong performance, which has soared to the highest point in several months. Another main reason is that investors feel that the ecosystem of the website will improve again this year.

Like other digital currencies, the price of AGIX rose due to macro factors. Statistics released last Friday showed that wage inflation is now beginning to decrease. With the broad inflation rate decreasing, investors believe that the Fed meeting will gradually become softer.

AGIX Price Forecast

AGIX/USD data chart (by Trading View)

The k-line chart of the stock market shows that the price of Singularity Net has performed well in the past few days. It has risen for the past six days and reached its highest level since October. With the rise, the token jumped to the key pressure level of $0.072, which was also the highest point on December 12. While the relative strength index (RSI) soared above the overbought level, the index has warmed to above the 25-day and 50-day daily averages.

Therefore, I suspect that this kind of rebound will be completed soon. If this happens, the next important support line is also $0.072.

How to buy SingularityNET