SingularityNET’s token, AGIX, shall be listed on the derivatives arm of main cryptocurrency change Binance. In line with a press launch, the token shall be obtainable for buying and selling with a most leverage of 15 towards Binance’s native stablecoin, BUSD, from Jan. 19.

Remarkably, AGIX futures seem simply after the token has risen by greater than 330% for the reason that begin of the 12 months, with the token having been listed on the principle part on Binance for a very long time.

Synthetic intelligence cryptocurrencies

As reported by U.In the present day, the explosive progress of the SIngularityNET token has been paired with the emergence of the synthetic intelligence narrative, which in flip has been formed by the hype surrounding AI apps like ChatGPT. A specific spike within the worth of cryptocurrencies from the AI sector got here when IT big Microsoft expressed its willingness to purchase improvement studio OpenAI for $10 billion.

As a reminder, SingularityNET is a platform for creating, distributing and monetizing AI companies. The platform runs on Ethereum and Cardano networks and, based on the most recent plans introduced, it’s targeted on straight rising interoperability between the 2 blockchains. Thus, the interoperability of the AI market can’t be achieved with out creating numerous options tied to its native token, AGIX, and Cardano’s native token, ADA.