More and more people are becoming aware of the possibilities of artificial intelligence technology. But there is still a big gap between the developers of AI tools and those who need such tools for practical use.
Enterprises often require specialized solutions, but one single AI project cannot provide them. Developers, on the other hand, need access to datasets sufficient for efficient machine learning.
What is SingularityNet (AGIX)?
The SingularityNET (AI) project aims to create a decentralized foundation for the global market for AI services. In the near future, we will witness another technological revolution. Its offensive is facilitated by the growth of corporate integration and generous funding for AI research and development.
A common problem of advanced technologies, including AI, is functional incompatibility. The SingularityNET project proposes a solution by providing a technical base for the coordination of actions and large-scale cooperation in the field of AI and
On the basis of the SingularityNet platform, any user interested in using AI services or taking part in its development can buy and sell products and services.
At the moment, SingularityNet is based on the Ethereum blockchain, but the team plans to develop and launch its own protocol. This is due to concerns about the throughput of early blockchains. Perhaps this does not look like a problem from the point of view of a novice trader who exchanged several hundred XRP to ETH coins for the first time, but for business processes, transaction processing speed can be critical.
The AGIX token is used to transfer value on the network. Thus, the difficulties associated with the use of fiat money are eliminated. The token is traded on many major exchanges and its current price is around $0.41.
SingularityNET is a potentially revolutionary program. As the interest of large companies in applying the capabilities of AI grows, the market for SingularityNET will also grow.
The project team consists of high-class professionals, and the founder of the project, Ben Goertzel, is the chief scientist of Hanson Robotics, where he participated in the development of the Sophia robot.
The team has specialized groups that work in application areas, including biomedical AI and robotics. The experience of the team creates a fairly solid foundation for the reputation of the coin in the market.
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According to some experts, AGIX may become one of the stars of this year. According to the forecast, a significant price increase is expected in the second half of the year. Most likely it will be gradual, without significant drops. It is possible that the exchange rate of the coin will exceed the level of $0.62.
At the current pace of technological progress, a year is a fairly long time. During this time, the emergence of sufficiently advanced AI solutions for practical application in business processes is possible. This will entail expanding the network of partnerships and it is quite possible that the price of the coin will overcome the dollar barrier. Analysts are quite optimistic, waiting for the start of the next cycle of market growth as a whole, which was usually observed after each next Bitcoin halving.
Since it is extremely difficult to accurately predict the theoretically possible achievements of the crypto market, we will adhere to a moderately optimistic view. If the market’s uptrend continues, AGIX could rise to $1.45. At the same time, the probable price minimum is estimated at $1.24.
To date, SingularityNET is the largest initiative that works to create a transparent and secure marketplace for AI services. At one time, the crypto market reacted with enthusiasm to the launch of the project, but now it has greatly diminished. Given the global trend of the cryptocurrency market in the second half of the decade, we should expect a gradual increase in the price of the coin and the consistent achievement of new historical highs. However, any noteworthy achievement in the development of the project can again attract the attention of investors and dramatically push the price of the token up.
SingularityNET is the present trending AI technology and its graph is changing drastically. There are many methods to forecast the price graph of SingularityNET. We made lots of research based on all the possible aspects and provided the prediction in the above article.
I hope this tutorial helped you to know about the SingularityNET Price Forecast. If you want to say anything, let us know through the comment sections. If you like this article, please share it and follow WhatVwant on Facebook, Twitter, and YouTube for more Technical tips.
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SingularityNET Price Forecast (AGIX) – FAQs
What is SingularityNET used for?
SingularityNET is a blockchain platform that allows users to create, share, and earn by sharing AI services. Users can access, browse and use a plethora of AI services and solutions from SingularityNET’s AI marketplace by paying in AGIX tokens.
Is SingularityNET a company?
SingularityNET is a decentralized marketplace that acts as an aggregate for artificial intelligence algorithms. The company was founded in 2017 by Ben Goertzel, Cassio Pennachin, and Simone Giacomelli, in Amsterdam, Noord-Holland, and The Thailands.
Is SingularityNET a blockchain?
SingularityNET (AGIX) is a platform powered by the blockchain that enables anyone to effortlessly ‘build, share, and monetize” Artificial Intelligence services.
Is Agix a good crypto?
If the AI trend in cryptocurrency is to continue, the coin could give a very good return to all AGIX investors.
What is the purpose of SingularityNET?
The platform allows developers to design, share, and sell Artificial Intelligence services with ease. As such, SingularityNET currently has 15 or so AI-based platforms on its network. These platforms are spread across the finance, robotics, biomedical, media, arts, and entertainment industries.