Famous American investment company The Motley Fool recently made price predictions for the popular artificial intelligence coin Singularity NET (AGIX), pointing to the $1 level! So what’s next for the popular AI coin? The financial company announced…
Giant finance company Motley Fool pointed to $1 for Singularity NET!
With the increase in the popularity of the artificial intelligence bot ChatGPT since 2022, the price increase in many artificial intelligence coin projects has taken the focus of not only users but also many large companies. Especially the leading artificial intelligence coin project Singularity NET (AGIX) has gained 430 percent in the last year.
The immediate first sign of danger for long-term investors is that the price of SingularityNET is still highly correlated with the excitement around ChatGPT. As you may remember, as Cryptokoin.com reported, after the increasing popularity of ChatGPT in January, there was also a price increase in altcoin AGIX. Another example is that even Elon Musk’s project to create a competitor like ChatGPT caused the price of AGIX to rise 11 percent in a 24-hour period.
Leading finance company Motley Fool, in his comments on AGIX, states that the project should have a value of at least $ 3.50, and says that it may rise to the level of $ 1 in the near future. However, the realism of the momentary price level of $ 0.45 and the next target of $ 1 is debated by many experts.
What are the factors that can affect the artificial intelligence coin AGIX price?
In the last two months, many things have happened that have affected the AGIX price. For example, setbacks with tech giants rushing to market their own AI bots have signaled that AI technology is not quite ready for prime time. In this case, some of the early excitement was lost, causing stagnation in the price of Singularity NET (AGIX).
For the price of Singularity NET (AGIX) to more than double to $1, according to experts, the project must continue to create real-world products and services that will make the coin even more valuable. The reason for this can be explained as the fact that there are many competitors such as Fetch.AI among artificial intelligence coins.
Singularity NET (AGIX) price status
An important benefit of AGIX in terms of investment is that it is both a platform and a marketplace. This means that SingularityNET has the technology to help anyone build and monetize their own AI services or products. Also, AGIX could be on the rise with the possibility of helping big tech companies produce different products such as new artificial intelligence bot.
Instantly, the project is trading at $0.465749 and has a market cap of $551 million. SingularityNET was launched over five years ago and has never traded higher than $1.86. The 52-week high sits at just $0.67.
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