Bitcoin News - CryptoNewOne News

Singularity pumps 31% in 24H trading after GPT4 launch

The launch of ChatGPT-4 has resulted in a significant spike in the price of SingularityNET’s AGIX. The blockchain-based platform, which allows developers to create, share, and monetize artificial intelligence services, has seen a surge in interest following the release of the advanced AI language model, which has surged over 30% in the last 24 hours.

AGIX is attempting to reach its second all-time high of .60 cents, a high it previously hit in September 2021.

Singularity AGIX
(Source: Coin market cap)

The rise of Singularity

This year alone, AGIX has soared by over 1,088%, making it one of the top-performing cryptocurrencies. SingularityNET is a leading blockchain project focused on becoming a significant player in the AI industry, running a marketplace for AI applications that investors anticipate will have a major impact on the sector.

Read more: OpenAI’s newest version of Chat GPT-4 taking the crypto world by storm

SingularityNET (AGIX) has seen a surge in its price, rising 27.8% in the last 24 hours to reach $0.499027 USD. The live market cap of the blockchain-based platform now stands at $601 million USD, according to CoinMarketCap data.

Investors appear to be optimistic about the potential applications of ChatGPT-4, advancing forth new technologies that have the capability to understand and respond to complex language queries. This increased interest has resulted in a price spike for SingularityNET’s AGIX token.

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

In the past 24 hours, SingularityNET has seen a trading volume of $800,004,510 USD, highlighting the significant interest in this digital asset.

Analysts predict continued growth for AI and blockchain

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 scores, Chat GPT-4 has the potential to revolutionize the way blockchain-based applications interact with users. This is particularly relevant for SingularityNET, which relies heavily on AI and natural language processing capabilities to power its ecosystem of dApps and a widespread use economy emerging for AI-scale practical, real-world use cases.

(Source: CryptoSlate)

Source link