💵SingularityNET (AGIX) Rises 138% As On-Chain Activity Rises

AI token SingularityNET (AGIX) has rallied 138% as on-chain data suggests activity metrics have increased.

SingularityNET Volume and Whale Activity Have Increased.
Santiment, an on-chain analytics startup, wrote on X about SingularityNET's market value more than tripling in its last rise.

The analytics business provided data on four AI token indicators. The graphic below displays their month-long trend.

The first indication on the screen is “Transaction Volume,” which tracks daily AGIX network transfers in USD.

This indicator measures blockchain users' activity. This measure has increased as SingularityNET rallied, as seen in the graph.

A durable rise requires numerous traders to stay in the market. This is evident from increased transaction volume. If volume cools, the coin may decelerate down.

The “Whale Transaction Count,” which counts SingularityNET blockchain transactions worth at least $1 million, is the second indicator of interest.

Only whales can make such huge transfers, hence this measure might indicate their activity level. The figure reveals that this statistic has also been strong lately, indicating that titans are also interested in the asset, which is driving the present transaction volume.

AGIX's “Total Amount of Holders” measure has also been rising, indicating rapid acceptance. This indicator counts network addresses with non-zero balances.

Adoption is positive for any cryptocurrency since a big user base can support further sustainable developments. This steady user inflow would also boost Transaction Volume.

Finally, Santiment's data shows SingularityNET's "Social Dominance" among top 100 cryptocurrency social media discussions.

Along with its price rise, the coin's social media mindshare has increased. Overhype has caused rallies to peak, thus this statistic may be worth watching.

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