SingularityNET (AGIX) has created a long-term double top pattern.

It is trading inside an ascending parallel channel.

SingularityNET (AGIX) could be in wave C of an A-B-C correction .

The SingularityNET (AGIX) price could break down from its short-term structure and fall to the next closest support area.

AGIX is the native token of #SingularityNET , a blockchain platform that provides artificial intelligence services and an AI marketplace. AGIX price has fallen since reaching a high of $0.67 on Feb. 8. This was the highest price since its listing in 2018. In relation to the 2021 high, this created a double top (red icons), which is considered a bearish pattern.

Selling Pressure Mounts for SingularityNET (AGIX)

Moreover, the price created a bearish weekly candlestick characterized by a very long upper wick. Furthermore, the price created another long upper wick three weeks later. Such wicks are considered signs of selling pressure.

Due to these signs, a downward movement could occur. However, the RSI does not confirm this, since the indicator is overbought but has not generated any bearish divergence.

More Pain Ahead for SingularityNET (AGIX) Price

As outlined before, the AGIX price has decreased since Feb. 8. While it bounced five days later, the increase was contained inside an ascending parallel channel, which usually contains corrective structures.

More importantly, AGIX created a lower high on March 1 (red icon), validating both the 0.618 Fib retracement resistance level and the channel’s resistance line. Therefore, a breakdown from the channel is the most likely scenario.

The price today is in the process of breaking down. Combined with the fact that channels usually contain corrections suggests that the AGIX token price is currently in wave C of an A-B-C corrective structure (red). Giving waves A:C a 1:1 ratio would lead to a low of $0.22. Since this coincides with a horizontal support area, it is a very suitable level for a bottom.

On the other hand, a movement above the March 1 high of $0.54 would invalidate this bearish forecast. In that case, AGIX could increase toward $0.80.

To conclude, the most likely #AGIX price forecast is a breakdown from the current structure and a fall to $0.22. An increase above $0.54 would invalidate this. In that case, the price could move to $0.85.



In today’s crypto market analysis, we spotlight the tokens making significant strides and those navigating through challenging waters. Today’s victors include #SingularityNET (AGIX), #Kava (KAVA), Injective Protocol (INJ), XinFin Network (XDC), and #Blockstack (STX). Meanwhile, Render Token (RNDR), Conflux (CFX), Optimism (OP), #Decentraland (MANA), Mask Network (MASK), and Sui (SUI) have felt the market’s downward pressure.

For the full story, head over to TheCurrencyAnalytics.com.

#GOATMoments Artificial intelligence is the biggest theme in the market this year.

Most companies have unveiled their artificial intelligence plans.

Shiba Memu and SingularityNET are some of the best AI coins.

Artificial Intelligence (AI) has become the fastest-growing technology in the world. In the corporate scene, companies like Nvidia, Microsoft, and C3.ai have seen their stocks surge this year. Nvidia, a GPU manufacturer, has seen its market cap surge to over $1 trillion.

Many companies have unveiled their AI plans. Microsoft has launched a suite of AI tools, including Copilot. On Tuesday, the company revealed pricing of these products, with a monthly subscription of Copilot going for $30. Google has launched Bard while Elon Musk has launched xAI. In this article, we will look at the best AI cryptocurrencies to buy.

Shiba Memu (SHMU)

Shiba Memu is a new cryptocurrency that has a lot of potential. Currently in presale, the developers have raised almost $1 million in less than three weeks. This makes it one of the fastest-growing cryptocurrencies this year.

Shiba Memu, as you can see in this white paper, is a cryptocurrency that is at the intersection of two trends: artificial intelligence and meme coins. As the name suggests, the token as inspired by Shiba Inu, the second-biggest meme coin in the world.

Shiba Memu will have some AI tools. For one, it will be the first crypto platform to use AI to market itself. In this, the network will learn new marketing strategies, create its own press releases, and promote itself across all popular social networks. The goal is to create a platform that is self-reliant and transparent in the market.

All this content will be shown in the intuitive Shiba Memu dashboard. This dashboard will show the performance of its content and identify key trends.

There are three main reasons why Shiba Memu’s token will do well. First, as mentioned, it is in the two popular industries this year. Second, the token has the momentum it needs to become the next big thing. In this, it has raised over $977k within a few days. Finally, it could jump because of the macro element since America’s inflation is falling.

You can buy the Shiba Meme token here.

SingularityNET (#AGIX )

#SingularityNET is another AI-focused cryptocurrency to buy. $AGIX , its ecosystem token, is one of the top-performing cryptocurrencies this year, having gained by over 500%.

SingularityNET is a Cardano–based blockchain that is creating a platform for decentralized artificial intelligence. Its ecosystem is made up of projects that are changing the industry in a large scale.

For example, there is Rejuve.ai, a platform that is focused on longevity research. It has built a decentralized network of researchers, clinicians, and data contributors.

Other parts of the network’s ecosystem are Awakening Health, SingularityDAO, Cogito, and Nunet. Cogito is building a new class of digital assets known as tracercoins that leverage risk-weighted reserves and AI-powered stabilization.

SingularityNET is a good AI coin to invest for two main reasons. First, unlike many other #cryptocurrencies. , it has a real ecosystem that is growing. Second, the token has a proven track record of performance.#BinanceTournament

The Role of Artificial Intelligence in Blockchain

Blockchain technology has revolutionized various sectors in recent years, offering transparency, security, and efficiency in data and transaction management. However, despite its numerous advantages, mass adoption of blockchain still faces significant challenges. This is where artificial intelligence (AI) comes into play, offering immense potential to drive growth and enhance the functionality of blockchain. Today, we will explore how AI can play a key role in the evolution of this disruptive technology.

Security:

#Security is a critical aspect for widespread blockchain adoption, and AI can play an important role in identifying and preventing fraudulent activities and cyber-attacks. AI algorithms can analyze behavior patterns, detect anomalies, and flag suspicious transactions. This will help protect the integrity of the blockchain, ensuring the reliability and authenticity of recorded data.

Efficient Data Analysis:

AI has the ability to analyze large volumes of data in real-time and provide valuable insights to blockchain users. By processing and interpreting complex information quickly and accurately, AI algorithms can help identify trends, behavior patterns, and investment opportunities. This allows market participants to make informed decisions based on advanced analytics, driving the growth of the blockchain ecosystem.

Enhancement of Operational Efficiency:

Implementing AI in blockchain can significantly improve operational efficiency in various ways. Machine learning algorithms can automate repetitive and time-consuming processes, reducing the time and costs involved in transactions and validations. AI-based smart contracts can automatically execute clauses and conditions, eliminating the need for intermediaries and simplifying agreement execution. This increases transaction speed and overall blockchain efficiency.

Personalization and User Experience:

AI can offer a personalized experience to blockchain users. Based on individual data and preferences, AI algorithms can recommend products, services, and investments that are suitable for each user's specific needs. This enhanced personalization increases satisfaction and encourages greater engagement with blockchain technology.

Challenges to Overcome:

Despite the potential of #AI to drive #blockchain growth, there are challenges to overcome. Privacy and data security are important concerns when using AI algorithms. It is essential to develop robust mechanisms to protect the confidentiality of personal data and ensure compliance with privacy regulations.

Furthermore, significant investment in research and development is needed to enhance AI capabilities and adapt them to the specific context of blockchain. Collaboration between AI experts and blockchain industry professionals is crucial to overcoming these challenges. Joint work can result in the development of innovative solutions that ensure the security, privacy, and efficiency of blockchain.

Additionally, it is important to consider the need for appropriate regulation for the application of AI in blockchain. Clear rules and well-defined policies can help mitigate risks and ensure responsible implementation of the technology.

AI also faces its own challenges, such as algorithm transparency and the applicability of decisions made by them. It is essential to ensure that AI systems are transparent and understandable, especially in critical environments such as financial transactions.

AI-Related Projects:

There are already several projects that combine artificial intelligence with blockchain. While many of these projects may be just names without substance, one project that has attracted attention is SingularityNET, developed by Ben Goertzel.

The CEO of this project has extensive experience in artificial intelligence and started integrating AI with blockchain long before the explosion of ChatGPT. Currently, the #SingularityNET ecosystem consists of various projects, including Hypercycle (Blockchain), Cogito (Stablecoins), Sdao (Fund Management), Nunet, Sophiaverse, among others.

SNet Ecossistem

SingularityNET Ecosystem:

This ecosystem demonstrates significant potential to mitigate existing failures in blockchain, such as the problems encountered in the stabilization of stablecoins, as was the case with Terra Luna that became known to all.

The integration of artificial intelligence with blockchain in the context of SingularityNET offers innovative solutions to improve the stability and reliability of stablecoins, thus overcoming the challenges observed in the past. This pioneering approach can pave the way for greater adoption and growth of blockchain, further driving the transformation of financial markets and harnessing the potential of blockchain technology.

In conclusion:

Artificial intelligence plays a crucial role in the growth and continuous development of blockchain technology. Its ability to enhance security, efficiently analyze data, improve operational efficiency, and personalize user experience brings significant benefits to the ecosystem. It is essential to overcome challenges such as privacy, security, regulation, and transparency to harness the full potential of this powerful combination. With investment in research and development and collaboration among experts, AI can drive blockchain adoption and growth, transforming the way we deal with transactions and data records across different sectors.

And what about you? Do you think artificial intelligence will help in the adoption of blockchain?