{"id":518940,"date":"2023-02-07T14:33:53","date_gmt":"2023-02-07T14:33:53","guid":{"rendered":"https:\/\/wncen.com\/?p=518940"},"modified":"2024-06-11T08:33:47","modified_gmt":"2024-06-11T08:33:47","slug":"singularitynet-blows-up-923","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/singularitynet-blows-up-923\/","title":{"rendered":"SingularityNET (AGIX) Shows No Signs Of Stopping, As AI Crypto Blows Up 923%"},"content":{"rendered":"
The interest in artificial intelligence (AI) applications has been on the rise as the use of various platforms, such as SingularityNET and OpenAI’s text-based tool ChatGPT, has become more widespread.<\/p>\n
AGIX, SingularityNET’s native token, has seen a strong ascent in price since January, showing investors a whopping 923% increase in the monthly time frame, according to <\/span>Coingecko data<\/span><\/a>.\u00a0<\/span><\/p>\n <\/p>\n AI is slowly becoming a household name because of its massive potential. As tech giants like Google pour <\/span>huge amounts of money <\/span><\/a>into the research and development of artificial intelligence, the space is <\/span>expected<\/span><\/a> to grow by nearly 40% by 2030.\u00a0<\/span><\/p>\n SingularityNET\u2019s Twitter account recently <\/span>announced<\/span><\/a> their intention to create a MeTTa-based DSL, or domain specific language. This could be a collaboration with Cardano, with SingularityNET mentioning Cardano\u2019s programming language Haskell.\u00a0<\/span><\/p>\n According to the tweet, the creation of DSLs is a must to address the scalability problem of DeFi.\u00a0<\/span><\/p>\n \ud83e\uddf5 Enabling real-world use cases at scale on the #SingularityNET<\/a> platform via creating a MeTTa-based DSLs focused on smart contract programming in specific industry verticals.#BuildingOnSNET<\/a> #AI<\/a> #Cardano<\/a> pic.twitter.com\/SoB7V8SAw4<\/a><\/p>\n \u2014 SingularityNET (@SingularityNET) February 7, 2023<\/a><\/p><\/blockquote>\n \u201cThis illustrates the need for a framework that can remove these impediments and enables updating and modifications of DSLs within a highly flexible language like MeTTa (Meta Type Talk) AGI programming language,\u201d SingularityNET said.\u00a0<\/a><\/strong><\/p><\/blockquote>\n Cardano\u2019s Marlowe DSL pioneered the use of a domain specific language. However, <\/span>OpenCog\u2019s<\/span><\/a> MeTTa AGI language would improve upon the concept, bringing scalability closer to developers in a more effective manner.\u00a0<\/span><\/p>\n The token is currently riding a rocket at its current price of $0.5558 with a support at $0.42899 and $0.17532. At the time of writing, AGIX has currently hit a ceiling at $0.59998 which may revert towards its current support at $0.42899.\u00a0<\/span><\/p>\n <\/p>\n With the token hitting a price ceiling, the continuous climb of AGIX might be hindered in the short to medium term. If the current resistance holds, investors and traders might see the token drop towards $0.17532 support which could support a bearish decline.\u00a0<\/span><\/p>\n Investors and traders should still exercise caution as the token reaches its peak as could mean a sharp decline in price. But with AGIX\u2019s support at $0.17532, the token might be able to target higher highs in the long term.<\/span><\/p>\n <\/p>\nAI At The Helm of SingularityNET\u2019s Growth<\/strong><\/h2>\n
\n
AGIX At $0.5558 – Can The Token Continue Its Climb?<\/strong><\/h2>\n
Crypto total market cap at $1 trillion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n