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The value of SingularityNET has increased by 25% in the last 24 hours to $0. 6853 as of 3:36 a. m. m. EST, with trading volume increasing 148% to $278 million.
Chipmaker NVIDIA is billed as the world’s most valuable company after its percentage value hit an all-time high (ATH) on June 18. The company is now worth $3. 34 billion, and that value has nearly doubled since the beginning of this year. .
The company’s rally is attributed to strong demand for its chips from tech giants such as Microsoft, Meta, and Google, as their graphics processing sets (GPUs) are integral to the progress of synthetic intelligence (AI).
The value of SingularityNET will increase in 2024, and the value of SingularityNET will go through a development phase to reach its March 10 ATH of $1. 46. However, AGX’s price has yet to reclaim that high, and the token dropped 54% from its ATH, according to data from GeckoTerminal.
AGX trades off the bull pennant as bulls aim to capitalize on the trend to level out a bullish rally to propel the token to a new ATH.
The SingularityNET token is trading below the 50-day and 200-day moving averages (SMAs), which coincides with the slight pullback below the lower boundary of the pennant.
Moreover, the relative strength index (RSI) is also recovering from the oversold point of 30 as it approaches the midpoint of 50, and lately trades at 45, indicating that bullish investors are taking advantage of the recent pullback in the value to stage a buyback.
SingularityNET’s value research shows a bullish bias as investors take advantage of the strong bullish outlook to push the token to a new ATH from the bull pennant setup, $1. 55.
However, if the bears continue to exert pressure, $0. 50 offers a favorable cushion against the downward pressure.
Meanwhile, some investors are rushing towards another AI alternative, WienerAI, a task that merges AI and blockchain technology. It has already raised over $6 million in investments, it’s a successful presale.
According to YouTube channel 99Bitcoins, the $WAI token could potentially pass a hundred times after its launch.
Meme coin WienerAI (WAI) is set to launch an AI-powered crypto robot, which has piqued the interest of investors.
The trading bot will use predictive generation and a user-friendly interface to inform token holders when to buy and sell cryptocurrencies.
More headlines = More excitement for our release!
Ready to sign up for the package? ?? pic. twitter. com/TPFpsjLGFX
— WienerAI (@WienerDogAI) June 13, 2024
Such innovative utility, combined with WAI’s adorable dachshund mascot, makes the token a strong contender to compete with $CORGI, $TURBO, and $GROK in the AI meme coin rankings.
We’re excited to share some insights with our amazing community of support. (1/4) pic. twitter. com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
Token holders can also passively earn the platform’s staking system, which provides an annual percentage yield (APY) of 189%.
You can participate in the presale by purchasing WAI tokens for $0. 00072 each, but hurry up because the value will be gone in just over a day.
Buy WAI tokens from the official online page here ETH, BNB, USDT, or a bank card.
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Evans Karanja is a content editor and screen editor specializing in cryptography, blockchain, and video games. He has worked with startups in the past, helping them create engaging, high-quality content that captures the essence of their brand. Evans is also an avid crypto trader and investor, and he believes that blockchain will revolutionize many industries in. . .
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