SingularityNET’s token seems to be on for a good market day amid recent activities on the network. Trading at $0.39 as of the time of writing, the asset has registered an increase of over 4% within 24 hours.
The asset’s trading volume also recorded an increase of over 40% within the same period showing increased activity in the token’s network. AGIX’s market cap stood at $789 million, representing 6.5% within the same period.
SingularityNET’s recent collaboration with Atrium Lab and Cardano might be the primary reason for the token’s surge. SingularityNET will host a Cardano meetup in Austin, Texas, on April 28. The event will feature a panel discussion with Ben Goertzel, CEO of SingularityNET, and Dianne Krouse, chief of strategy at Atrium Lab.
This collaboration is significant for SingularityNET, as it allows the platform to showcase its capabilities in the context of the Cardano ecosystem. Cardano is a blockchain platform with a reputation for its focus on security and scalability, making it an attractive partner for SingularityNET, a decentralized platform for AI services.
The surge in the price of AGIX can be attributed to the excitement surrounding this collaboration and the potential benefits it could bring for both SingularityNET and Cardano. The Cardano meetup will provide a platform for SingularityNET to demonstrate how its AI services can be integrated with Cardano’s blockchain, which could pave the way for future collaborations and partnerships.