If you’re an avid investor and have a knack for new projects, you may ask yourself whether or not to invest in SingularityNET now. Or, if already invested, you might want to know the token’s future and whether it will be profitable in the long run?
Relax; we understand your concerns about the complexities of the token. But what if we told you there was a way to find out about the token’s performance in the long run?
Yes, considering its past run in the market, analysts can easily predict its movement in the long run. Therefore, to help you better, we’ve also listed a brief run of the token in this blog below. Let’s get started.
Table of Contents
SingularityNET (AGIX): At A Glance
|ACH Market Cap||$ 39,942,049|
|Circulating Supply||4,710,928,000 ACH|
|Current Price (As of July 1st week)||$ 0.037|
|All-time High Rate||$1.86|
SingularityNET (AGIX): Overview
Found in 2017, SingularityNET is a product that’s focused on the possibilities of Machine Learning (ML) and Artificial Intelligence (AI). This Netherlands-based project aims to transform its operations into a complete autonomous module by leveraging automation via AI and blockchain technology. Found by the trio of Simone Giacomelli, David Hanson, and Ben Goertzel, the platform brings over 20+ years of experience in applied ML and AI for genomics and longevity and genomics. Together, the trio developed an AI (Sophia) to help achieve human-level intelligence.
In terms of its operations, SingularityNET executes its operation as a full-stack AI solution that is powered by a decentralized protocol. What makes the project unique is its approach as the only decentralized platform currently allowing AIs to coordinate and co-operate at a given scale. This way, the platform eliminates one of the major hurdles limiting AI’s growth in the current environment, the lack of interoperability, which restricts many businesses from leveraging the features and functionalities of individual AIs.
As a business enterprise, users connecting with SingularityNET can tap into the AaaS (AI-as-a-Service marketplace), a global network of AI services, agents, and algorithms. At its core, SingularityNET operates over a set of smart contract templates (much like a DAO) which both non-AI and AI Agents can apply and request for AI work, exchange data, and supply the work results with the platform.
However, after hitting a great start, the company is currently single-handedly run by CEO Ben Goertzel, as Hanson left the project in 2018 and Giacomelli a year after. Recently, SingularityNET also entered into an AI partnership with Cardano. This partnership is one of six projects receiving at least $500,000 (ADA tokens) from the Fund7 financing platform.
Overall, we believe that SingularityNet is performing greatly with its unique concept. As an organization into AI, they’re taking great steps to envision their dream. Besides, SingularityNETs social media handle also seems well-managed, giving them a lead in marketing.
AGIX Token Fundamental Value
AGIX is the native token used over SingularityNET. The token comes with a total supply of 1 billion AGIX and is crucial in streamlining the transactions over the SingularityNET marketplace. At the core level, it can be used like a fiat currency. Users can purchase tokens, borrow, hold, earn staking interests, or even trade other crypto assets using the token directly.
The token can be used to pay for the goods and services holders opt for over the platform. Besides, token holders also have a voter’s right on network decisions, making it a governance token.
To give you a better idea, here’s an overview of the different instances where the AGIX token holds its fundamental value:
As Reward To The Pooling System
The AGIX token plays a primary role as an incentive to the participants of the SingulairtyNET Reward Pool. The platform allows users to get into pools set for ten years. Once finished, participants receive their rewards, and the community votes to adopt new methods or create a new pool with revised methods. Besides, AGIX is also necessary because it’s used to become an AI Agent.
Streamlining Operations Over AI Marketplace
The AGIX token is also used to smoothen everyday transactions over the SingulairtyNET platform. Besides paying for the goods and services for different AI requirements, the token also provides them with governance decisions, alongside the right to vote.
Means To Active Staking
Users signing up for SingularityNET can access active staking over the platform. Holders of the AGIX token can stake their tokens in sessions for 30-day. At the end of the staking period, users can continue with the staking of their tokens or withdraw their initial funds along with staking interests.
Now that we have an idea of what backs the fundamentals of the AGIX token, let’s delve deeper into what the history of the token’s price movements looks like. Once we have a firm idea of the overall price movements of the token, we can move ahead with the necessary price predictions for the token.
AGIX Token Price History & Overview
At its launch in the open market in January 2018, SingulairtyNET’s Token was priced at $0.5393 as its net worth and soared to $1.98, following the general trend of newly launched tokens. However, the coin failed to live up to its hype as it soon dropped down after a few days of its listing, marking a unique bull run with its start. Interestingly, the token lost almost half its value, falling to $0.639155 after the first five days of its launch.
Following this, the coin spent another few days trying to regain its lost market price, finally settling for $1.13 at the end of January 2018. However, this was the last time the AGIX token registered its price above a dollar. Following the fall from January, the token continued to show a rather bullish run for the remainder of 2018, settling at $0.046506 before maintaining a similar price throughout the first month of 2019.
Throughout its journey in 2019, investors continued to witness a sluggish run from the token, registering a bullish run throughout the money. Plus, since there were no significant announcements around the token, it continued with its bullish dominance, finally marking the year’s end at its lowest of $0.17370 on December 31, 2019.
Enter 2020, and there was finally a break for the bearish run as the token started showing some positive trends around the second week of February, marking its then-highest $0.35217. However, the spike was short-lived as the token was back to its typical bullish pattern until the latter part of 2020 (July 29). Finally, AGIX witnessed a spike, registering at $0.018996, following an excellent run that placed the token at $0.046414 around the end of the year on December 26, 2020.
The 2021 phase for AGIX has been impressive, primarily for the boom the crypto market had witnessed post the pandemic effects. The token marked its year with a registered price of $0.042482. However, while the year started off lower, they had a surprise. In the following month (February 06, 2021), the AGIX token recorded its new high at $0.112089, finally crossing the $0.01 mark after a long time.
Interestingly, it worked as a breakthrough for the token’s prices as it skyrocketed in the following months, marking its all-time high at $0.578576 on April 12, 2021. However, the movement was short-lived as the token then faced a series of regressive runs until finally marking a new all-time high at 0.658190 on September 05, 2020.
The primary reason behind the token’s bullish phase was the launch of a public testnet by SingularityNET. In addition, the event announced the launch of its ERC-20 AGIX Converter Bridge. This newly introduced token technology was supposed to bridge the wall between Cardano and Ethereum Blockchain users, allowing them to transfer their AGIX tokens smoothly. However, things turned negative as the token was back to its bullish run by the end of the year, registering its reduced price at 0.191475.
Overall, the AGIX token had a primarily bullish run for the majority of its run since its launch. However, over the recent years (until 2021), the token has presented a remarkable return rate. Even after the fall of the token at different points throughout the year, AGIX provided users with over 600% returns.
AGIX Token Price Forecast
The AGIX token has been unique in multiple aspects. It’s the only token to initiate operations over such an AI-powered platform, possibly the first token to have been introduced as a converter bridge. Since its inception in 2018, the AGIX token has been bearish with its price. While things have changed lately, the market fluctuation and the revised price still seem to be in a better situation.
Therefore, to help you with a fair idea of the project and where it’s going for its future, we’ve tried to distribute AGIX’s profile into two elements. Continue reading as we explore the Technical and Fundamental aspects of the token in the following section.
At the time of writing, SingularityNET (AGIX) holds its rank #427 with a price of $0.036355. Overall, the platform has circulated tokens worth $1.07 Billion (1,073,559,816.95 AGIX) in the cryptosystem’s supply. Considering its present market movement (as of late July 2022), it won’t be wrong to say that while the token has been on a downtrend for most of the year, the price might soon show an uptrend in its movement.
Now, comparing AGIX’s current market position as per the TradingView chart, it’s evident that it is currently at its lowest point. Therefore, if you’re an investor and believe in the core features of the token, now might be a great entry point.
No analysis is complete by only looking at the technical aspect of things. Similarly, we’re sure you can’t decide on your investments based only on the technical analysis of your assets. After all, having a proper fundamental analysis plays an equal role in determining the future prices of different tokens.
Besides, any token price can shoot up if more investors and developers believe in the core of the project. Therefore, if you’re one of those investors with insight into the future of AI, this might be a good pick for you. In addition, with the recent news of Cardona (ADA) opening up its platform for the two-way bridge process, we might see more use of AGIX in the future.
Note: The research mentioned above is done on the current price movements, which are mere predictions. No AI or crypto expert can give you a 100% genuine insight into what the future holds for a given token. In addition, none of the fundamental or technical predictions suggest changes in the upcoming weeks. Therefore, these analyses aren’t technically accurate but designed to give you an idea to show you the potential of these projects. Remember, it’s always upon you whether or not you want to proceed with your investments.
Now that we have an insight into the different aspects of the AGIX token let’s get a long-term outlook of the token in the following sections.
AGIX Token Price Prediction
SingularityNET Price Prediction 2022 | Potential ROI: 10%
The AGIX token entered 2022 with a low, registering a price of around $0.203095. However, this was a mere start as the token continued to fall throughout the rest of the month, finally settling at a price around $0.137440 around the end of January 2022.
Upon entering February, the token showed some progress as it marked a minor but noteworthy improvement at the end of 1st week of February. The token reported a price of $0.148252 before again following its bearish run throughout the month and ending at $0.102583 on February 28, 2022.
Price movement with the token continued to follow its natural course, and the token finally hit its recorded low for the year at $0.82310 on March 18, 2022. However, this drop in the price was only temporary as the token was able to back its way to the $0.15 mark by the end of the month itself. Interestingly, AGIX continued to be on the run for a month (till April 20, 2022), until finally falling for the rest of the year until July.
Currently, the token is hovering around the $0.35 range. However, a positive aspect of the token this year is its increasing adoption across partnered Blockchains. While the prices have been low, we expect the price to return to its bullish run for the remainder of the year.
If the token continues to follow its regular course of action, we might soon expect an increase in value. The AGIX token might settle at a trading price of $0.085- 0.091 by the year’s end.
SingularityNET Price Prediction 2023 | Potential ROI: 36%
With the year 2023 ending with a stable state, things might finally take off for the AGIX token in the following year. Therefore, regarding AGIX’s token in 2023, experts expect a better movement from the coin. Besides, with the potentially increasing community of users and investors, SingularityNET might experience new highs.
But it’s important to know that the price fluctuations can be hard to predict if the market is bearish or bullish. By 2023, we expect SingularityNET to register a price of almost $0.12, while the maximum price for the token is expected to reach up to $0.14 at the year high. In addition, we’re also expecting a significant turnover within the crypto market.
SingularityNET Price Prediction 2024 | Potential ROI: 94%
2024 marks a year of change and innovation for SingularityNET. With the evolving trends and technology around the field, we expect great market support for AI-based tokens. Besides, considering that the crypto markets will be entering a new age, we’re majorly optimistic about the price prediction of the AGIX token.
This year, we expect a bullish run off the token as it will be the center point of change. Regarding the price movement, 2024 will be majorly bullish for the token, and it might end up at an average price of $0.18, with its highest price around $0.21. Overall, we expect a 94% ROI from the market.
SingularityNET Price Prediction 2025 | Potential ROI: 121%
Looking up to the AGIX token’s price run in 2025, SingularityNET is expected to reach where it was at its launch in 2018. After that, primarily the correction phase for the token, we can expect the token to average around $0.27.
If things are smooth, we’re expecting the token to break its barrier from the temporary run and reach a mark of around $0.31 earlier in 2025. However, there are equivalent chances of the market going for a dump after the long bullish run. Therefore, this might be a good point if you’ve missed out on the earlier entry.
SingularityNET Price Prediction 2030 | Potential ROI: 1410%
Fast forward to 2030, we’re speculating an increase in the price and popularity of the SingularityNET token. Following almost a decade after its initial launch, the value is bound to increase, thanks to the efforts of the community inventors and the network developers.
Therefore, we’re expecting 2030 to be a majorly bullish year for the AGIX token. We expect the token to reach its peak levels during this time and register a price of around $2.00 by the end of the year while performing at an average of around $1.67 – $1.72. On the other hand, the highly optimistic methodology behind the token will give it a definite rise for the year and beyond.
Now, to help you with your investments better, we’ve curated an investment schedule over the years. Let’s check it out.
|Type Of Run||Bearish||Bullish||Bullish||Bullish|
Looking at it, there’s no fixed approach to the price movements of the ACH toke. In addition, the movements primarily depend on the regulator’s approach to the token. Therefore, the best way to understand whether or not to invest in it is entirely related to your understanding of the token’s analysis and the fundamentals backing it.
Is AGIX The Best Token To Buy Now?
Being an investor in 2022 can be challenging! Given the market state and the bullish pattern, we’re sure you must be confused about whether or not to invest in the AGIX tokens. Besides, it’s evident! Considering the latest movements of the token, you might not consider placing your money on it. However, this is where we suggest you invest.
SingularityNET is among the first marketplace that makes it simple for developers to sell their AI tools and frameworks. In addition, the platform allows customers to try out any AI service offered on the market to evaluate if it satisfies their demands before paying for it.
Additionally, clients may commission a new AI tool rapidly through the Request for AI site (RFAI), which gives them access to SingularityNET’s extensive network of AI experts. At the same time, by completing these requests, developers may earn AGIX tokens. All such unique features ensure that it’s only a matter of time until the token has peaked at its potential.
Therefore, if you’ve been considering entering the project for the long term, now might be the right time to get started with the AGIX token. All the best!
With this, we conclude our summary of the price prediction for the AGIX token for the years 2022-30. Considering all the different aspects of the token that we’ve put into research, it’s evident that even though the token has a bullish run, it can prove to be a potential investment shortly. That said, cryptos are highly volatile, and nobody can rightly predict the token’s movement for the next hour, let alone the next day or week. Therefore, it is only wise to trust your research before putting your hard-earned money into these tokens.
Lastly, although AGIX continues to be an engaging project type, you should be certain about its future potential. Remember, while cryptos have presented us with tempting returns, there’s always uncertainty in their nature.
Where can I buy the SingularityNET (AGIX) token?
Given the number of crypto exchanges that we currently have, you can easily buy the AGIX coins from any registered crypto platform. However, before you do, ensure that the exchange is registered.
Can I buy goods and services with AGIX tokens?
Yes, you can easily exchange goods and services at the SIngularityNET marketplace. Here, you can also participate in events concerning the AI industry.
What will AGIX token’s worth in 2025?
2025 would be a bullish run for the AGIX token! Given how smooth things will be, we expect the token to present great potential users of every type.