Elon Musk Hint – AI Token SingularityNET AGIX Rise: Crypto News

[ad_1]

Elon Musk AI Crypto News: After recent news that Elon Musk was in talks with AI researchers, the crypto market is once again taking subtle clues from the Tesla CEO’s latest tweet. Although Elon Musk’s latest tweet may actually be far from hinting at a certain crypto market, his affiliation with the memecoin Dogecoin ($DOGE) is fueling speculation. The AI ​​token category has recently risen to prominence after the instant success of ChatGPT and the hype around AI-related products.

Also Read: Bybit Latest to Suspend USD Deposits Amid Silvergate Crisis

AI-related crypto tokens like The Graph (GRT), SingularityNET (AGIX) and Fetch.ai (FET) have recently increased in value with the success of ChatGPT. Therefore, the market believed that cryptocurrencies running on AI-based use cases could be bullish in the future.

Elon Musk’s AI plans

In a recent statement, Musk said he used to be into crypto, but has now moved into AI. This led to speculation that AI crypto tokens might be of interest to him. Following this, Musk’s latest tweet has sparked further speculation from the crypto market, although the allusion is not entirely clear. He shared a photo that mentioned “In The Singularity”, sparking interest in the SingularityNET (AGIX) project.

Something should be done pic.twitter.com/17mp4XdMI0

— Elon Musk (@elonmusk) March 4, 2023

Also Read: Coinbase (COIN) Stock Rally as Cathie Woods Ark Invest Continues to Buy Spree in March

This also led to a small rise in the price of the AGIX token, with an hourly rise of around 1%. The SingularityNET project is also closely associated with the Cardano ecosystem. Read here to learn more about the beta launch of the SingularityNET Cardano Staking portal. Despite the ongoing FUD in the crypto ecosystem around Silvergate, the price of the AGIX token has risen 11% over the past week, compared to the 3% drop in the price of Bitcoin over the same period.

Anvesh reports major developments regarding crypto adoption and trading opportunities. Associated with the industry since 2016, he is now a strong advocate for decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @BitcoinReddy and contact him at [email protected]

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.

[ad_2]