AI coins are rising again, one of them can make x100. Which token should be given special attention?

AI tokens are rising again. Current coins’ success is especially notable after the February hype around them. In the current rally, assets rose from 2% to 19% overnight and continue to rise. Which token showed the best result? Let’s discuss this further below.

What are AGIX and AI tokens in general?

The hype around AI tokens started back in late 2022. At that time, experienced traders were making predictions that they would become popular in 2023. One of the possible reasons for this success is the active development of various AI tools and, in particular, the recent appearance of ChatGPT a natural language processing AI tool that can answer users.

On February 27, Binance even posted a tweet about how ChatGPT can help the crypto industry. Specifically:

• It can answer questions about crypto and blockchain in a conversational manner.
• Advanced users can use it to help code trading bots and assist with smart contracts.
• The tools can automate customer support and help individuals start with crypto.

At the same time, AI has been used in cryptocurrencies for a long time. The technology is particularly used in decentralized finance (DeFi) protocols. The main way it is used is to provide learning opportunities. For example, developers employ AI algorithms instead of regular ones, which develop and get better over time.

Top 5 AI сoins

AI tokens have been showing growth over the past 24 hours. Experts link this to the fact that the day before, the head of Tesla, SpaceX, and Twitter, Elon Musk, expressed his intention to create a competitor to ChatGPT.

On this wave of a crypto trader and NFT collector, Crypto Tony highlights five AI tokens. Let’s take a look at them.

1. The Graph (GRT) is an indexing protocol for quering networks. Allow users to build and publish open APIs called subgraphs, making data easily accessible. During the day, the value of the asset rose from $0.1577 to $2.08 (+1,97%).

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1. iExec (RLC) connects cloud resource sellers with cloud resource buyers together. During the last 24 hours, it rose 3,88% — from $1.9061 to $1.98.

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1. Ocean protocol (OCEAN) is a blockchain-based ecosystem that allows individuals and businesses to easily unlock the value of their data and monetize it through the use of ERC-20-based data tokens. During the last day , the value of the asset increased by 5,89%, from $0.3922 to $0.4153.

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1. Fetch.ai (FET) is powered peer-to-peer application with automation and AI capabilities, with or without direct access to blockchain. Based on open-source technology that any user can run and connect to. The token went from $0.4377 to $0.4735 (+8,18%) in the last 24 hours.

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1. SingularityNET (AGIX) allows anyone to create, share, and monetize AI services at scale. The asset has shown the most growth among AI tokens and is trading at $0.5507 at the time of writing, up 18,2% from the day before.

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The best AI token? Why has AGIX grown the most?

Let’s pay attention to the fastest-growing clasd of AI tokens. On March 1, the whole market was positive, so there is a possibility that the assets were affected by the general state of the cryptocurrency market. AGIX, on the other hand, grew more than others, so the question arises why.

The main reason probably has to do with SingularityNET launching the Rejuve service token (RJV). The token is earned by contributing health data to the upcoming Longevity app and allows users to access discounts on science-backed products and services to help enhance their health and add more data to the app platform.

“[It] is a revolutionary initiative aimed [at] accelerating progress toward radical healthspan extension through blockchain, decentralized AI, and decentralized data,” says the announcement.   

The news put AGIX in the top 5 coins by Alt Rank. It’s a unique measurement by LunarCrush a social intelligence platform for crypto, NFTs, and stocks that combines actual altcoin price performance relative to Bitcoin and social activity indicators. However, apparently, this is not all, and the asset may continue to grow.

What’s next for AGIX?

The current asset surge was predicted as early as February 22. Crypto investor Fear of Bed times diminishes told about that in his blog. In particular, he mentioned that, according to his technical analysis, there was “the last consolidation before the explosive move.”

It seemed he was right. And, moreover, the rally can continue. Crypto expert Captain Faibik thinks that AGIX is gearing up for another bullish wave. And we are probably now witnessing the beginning of it. Here is his technical analysis.

Experts from Kings Charts also confirm this information. According to their data, the asset can make even x100 in the future; that’s why they recommend setting a price alert.

Will AGIX make x100 or at least x50? That is not known yet. This is only a probability and an analysis that has not been confirmed by anything. The best analysis is yours, so before investing even in seemingly successful tokens, do your own research.