SingularityNET (AGIX) has experienced a remarkable surge of 307% over the past six months, attracting attention as one of the top cryptocurrencies to watch in 2024. This surge can be attributed to Bitcoin’s recent recovery from $56,500 to $65,223, which has generated a bullish sentiment in the crypto market. In addition, the increased buying interest in US-listed Bitcoin ETFs has not only boosted Bitcoin but also contributed to the altcoin market’s recovery from previous setbacks.
One notable aspect of this market rally is the performance of AI-related tokens, which have demonstrated their agility in responding to shifting market dynamics with rapid movements. SingularityNET (AGIX) stands out in particular, with its impressive surge over the past six months. Currently trading above its monthly support of $1.16, SingularityNET is poised for further growth, especially with the anticipation surrounding its upcoming AI token launch. Analysts believe that given the increased market attention it is receiving, SingularityNET could surpass its all-time high of $1.86.
In the past week alone, SingularityNET has recorded double-digit gains, providing profitable opportunities for momentum traders. As of now, AGIX is trading at $1.01 with a market cap of $1.29 billion. However, the daily trading volume of SingularityNET has experienced a 15% dip to $118 million, indicating some fluctuations in market activity.
