Explore the future price predictions for SingularityNET （AGIX）, including key technical analysis indicators and market trends from 2024 to 2030.
Points
- Bullish AGIX price prediction for 2024 is $1.6937 to $4.2143.
- Bearish AGIX price prediction for 2024 is $0.2169.
- AGIX aims to democratize AI by providing a decentralized marketplace.
- Technical analysis suggests a potential bullish trend.
SingularityNET （AGIX） is a decentralized platform that facilitates the creation, sharing, and monetization of AI services. Founded by Dr. Ben Goertzel, it aims to democratize AI by providing a marketplace for developers, researchers, and organizations to exchange AI algorithms. AGIX operates on blockchain technology, ensuring transparency, security, and interoperability.
The platform utilizes a native utility token, AGIX, for transactions within the ecosystem. SingularityNET’s open and collaborative approach fosters the development of a global AI network, allowing diverse AI agents to interact and combine their capabilities. This vision seeks to advance AI research and application while avoiding centralized control, ultimately promoting a more inclusive and accessible AI landscape.
Current Market Status
SingularityNET （AGIX） currently ranks 2650th on CoinMarketCap in terms of its market capitalization. The overview of the SingularityNET price prediction for 2024 is explained below with a daily time frame.
In the above chart, SingularityNET （AGIX） laid out a Falling wedge pattern. The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trendlines are drawn. One of the main features of the falling wedge pattern is the volume, which decreases as the channel converges.
Resistance and Support Levels
From the chart, we can analyze and identify the following as resistance and support levels of SingularityNET （AGIX） for 2024:
- Resistance Level 1: $1.6937
- Resistance Level 2: $4.2143
- Support Level 1: $0.4994
- Support Level 2: $0.2169
Technical Analysis Indicators
The technical analysis indicators such as Relative Volume （RVOL）, Moving Average （MA）, and Relative Strength Index （RSI） of SingularityNET （AGIX） are shown in the chart below.
- 50-Day Moving Average （50MA）: $0.7673
- Price: $0.5938
- Relative Strength Index （RSI）: 45.0668
From the readings, we can infer that AGIX is currently in a bearish/downtrend with a nearly oversold condition. The asset’s trading volume is weak, as indicated by the RVOL below the cutoff line.
Future Price Predictions
With the help of the aforementioned technical analysis indicators and trend patterns, the price of SingularityNET （AGIX） is predicted between 2024 and 2030. The bullish price prediction for 2024 ranges from $1.6937 to $4.2143, while the bearish outlook places it at $0.2169. If the market momentum and investors’ sentiment positively elevate, AGIX might hit $5. With future upgrades and advancements, AGIX could surpass its current all-time high of $1.86.
Conclusion
The bullish SingularityNET （AGIX） price prediction for 2024 is $4.2143, while the bearish scenario sees it at $0.2169. With ongoing developments and a collaborative approach, AGIX has the potential to reach $5 and beyond, making it a strong contender in the decentralized AI space.
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