Artificial intelligence (AI) is one of the most exciting and innovative fields of technology, with the potential to transform various industries and sectors. AI can also be applied to the blockchain and cryptocurrency space, creating new opportunities and challenges for both developers and users.
In this article, we will look at three AI crypto projects that are worth considering for your portfolio: SingularityNET (AGIX), Measurable Data Token (MDT), and Cortex (CTXC).
SingularityNET: AGIX Price Analysis
SingularityNET is a decentralized platform that allows anyone to create, share, and monetize AI services, thanks to its globally-accessible AI marketplace. Through the SingularityNET marketplace, users can browse, test and purchase a huge variety of AI services using the platform’s native utility token — AGIX. Moreover, the marketplace represents an outlet AI developers can use to publish and sell their AI tools, and easily track their performance.
SingularityNET has a market cap of $285 million and a 24-hour trading volume of $30.8 million, as of November 5, 2023. The price of AGIX is $0.23, up 7.88% in the past week. SingularityNET is ranked #117 among all cryptocurrencies by market cap.
On Daily timeframe level the price action of $AGIX broke out its Falling wedge pattern level and pumped up towards its Horizontal resistance level which also has broke out and currently retesting out above the level.
We can expect the price action will fills out its previous Buy Side Liquidities.
SingularityNET’s goal is to enable AI interoperability and collaboration, as well as to democratize access to AI for everyone. The platform also supports the development of an AI known as Sophia, which is described as the “world’s most expressive robot”. SingularityNET aims to achieve a state of “advanced general intelligence”, i.e. human-level artificial intelligence (or beyond).
Measurable Data Token: MDT Price Analysis
Measurable Data Token (MDT) is a blockchain-based data economy, where data providers and data buyers can exchange data securely and anonymously. MDT allows users to monetize their own data, while protecting their privacy and identity. Data buyers can access high-quality and verified data sets, and reward data providers with MDT tokens.
MDT’s vision is to create a transparent and fair data market, where users have full control and ownership over their data. MDT also leverages AI to analyze and process data, and to provide insights and recommendations to data buyers. MDT aims to empower individuals and businesses with data-driven solutions and opportunities.
MDT has a market cap of $131.8 million and a 24-hour trading volume of $197,422, as of November 5, 2023. The price of MDT is $0.0049, down 9.0% in the past week. MDT is ranked #236 among all cryptocurrencies by market cap.
On weekly timeframe level the price action of $MDT is breaking out resistance trendline of Symmetrical Triangle level where as 100 Moving Average shows the strong support level.
Cortex: CTXC Price Analysis
Cortex is an open-source, peer-to-peer, decentralized blockchain platform that supports AI models to be uploaded and executed on the distributed network. Cortex provides an open-source AI platform to achieve AI democratization where models can be integrated easily in smart contracts and create AI-enabled decentralized applications (DApps).
Cortex’s mission is to enable AI on the blockchain, and to make AI more accessible and affordable for everyone. Cortex also allows users to submit and optimize AI models, and to earn CTXC tokens for their contributions. Cortex aims to create a decentralized AI ecosystem, where anyone can participate and benefit from AI.
Cortex has a market cap of $28.7 million and a 24-hour trading volume of $1.98 million, as of November 5, 2023. The price of CTXC is $0.1326, down 3.19% in the past week. Cortex is ranked #530 among all cryptocurrencies by market cap.
On Daily timeframe level the price action of $CTXC is consolidating in a accumulation, manipulation and expansion where the price action currently moving into the Expansion phase now which can show us some good momentum in the price action.
Conclusion
AI is a rapidly evolving and promising field of technology, and it can also enhance the blockchain and cryptocurrency space. The three AI crypto projects we discussed in this article are SingularityNET, Measurable Data Token, and Cortex.
They all offer unique and innovative solutions for AI development, deployment, and monetization, while also respecting user privacy and security. If you are interested in investing in AI crypto, these projects are worth checking out.
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