Singularity pumps 31% in 24H trading after GPT4 launch

THE launch of ChatGPT-4 led to a significant rise in the price of SingularityNET’s AGIX. The blockchain-based platform, which allows developers to create, share and monetize artificial intelligence services, saw renewed interest after the release of the advanced AI language model, which surged by more than 30% in the last 24 hours.

AGIX is trying to reach its second all-time high of 0.60 cents, a high it previously reached in September 2021.

The Rise of the Singularity

This year alone, AGIX has climbed over 1,088%, making it one of the best performing cryptocurrencies. SingularityNET is a leading blockchain project aiming to become a major player in the AI ​​industry, managing a marketplace for AI applications that investors believe will have a major impact on the industry.

Learn more: OpenAI’s latest version of Chat GPT-4 is taking the crypto world by storm

SingularityNET (AGIX) saw its price increase by 27.8% in the past 24 hours to $0.499027. The live market capitalization of the blockchain-based platform now stands at $601 million, according to data from CoinMarketCap.

Investors appear to be optimistic about the potential applications of ChatGPT-4, advancing new technologies capable of understanding and responding to complex language queries. This heightened interest has led to a price spike in SingularityNET’s AGIX token.

SingularityNET offers a marketplace for developers to build and monetize AI services, with payments made in cryptocurrency. The platform’s popularity with developers and users may have contributed to its recent price increase.

AGIX offers a second chance to build a decentralized organization #AI cost-effective with global and open access to AI services. Developers can create, share and monetize AI services at scale on the #SingularityNET platform.

🔗 Watch the full video: https://t.co/MMUwDDb8xh pic.twitter.com/pIWxGYypum

— SingularityNET (@SingularityNET) March 11, 2023

In the last 24 hours, SingularityNET recorded a trading volume of 800,004,510 USD, underlining the massive interest in this digital asset.

Analysts predict continued growth for AI and blockchain

I am not a TA assistant but $AGIX is BULLISH.#Cardano $ADA pic.twitter.com/dsU0jaBLr6

— ₳lex (@Alex_ADA_) March 15, 2023

The introduction of advanced language processing tools such as Chat GPT-4 is expected to have a significant impact on SingularityNET and the blockchain industry as a whole. Analysts predict that with its superior performance in test results, Chat GPT-4 has the potential to revolutionize the way blockchain-based applications interact with users. This is particularly relevant to SingularityNET, which relies heavily on AI and natural language processing capabilities to power its ecosystem of dApps and an emerging pervasive use-economy for practical, real-world use cases. AI scale.