Schlagwort: crypto business

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SingularityNET price: here’s why AGIX price is up 40% today

  • SingularityNET blockchain allows users to monetize AI services.
  • AI has gained popularity recently after the launch of ChatGPT.
  • AGIX token has been on a very bullish trend since the turn of the year.

The price of SingularityNET (AGIX) has risen by over 774% over the past month and the bull trend seems to be gaining momentum with every passing day. Today, the coin had risen by about 40.13% to trade at $0.4579.

It is true the crypto market has been in recovery mode since the beginning of the year, but that is not the only reason why the price of the AGIX token has risen by more than 774%. There are other factors contributing to the price surge.

What is SingularityNET?

Before delving into why the price of SingularityNET is rising, it is important to briefly explain what it is.

SingularityNET is a blockchain-powered platform that allows users to create, share, and monetize artificial intelligence (AI) services. AI developers can sell their AI tools and libraries while those interested in AI services can test and buy any AI service uploaded on the SingularityNET AI marketplace.

In addition, if a user wants a customized AI service, they can tap the extensive SingularityNET community of AI specialists via the Request for AI portal (RFAI).

Users use the platform’s native token, AGIX, to purchase the AI services. This means that developers earn AGIX tokens by selling their AI services or filling the RFAI requests.

AGIX holders can also vote on changes to the SingularityNET network operations and also stake their tokens to earn some interest.

Why is the price of AGIX on the rise?

The news around the now popular artificial intelligence tool ChatGPT has triggered a surge in AI-focused cryptocurrencies, one of them being the AGIX.

The current AGIX Bull Run started on Tuesday after Microsoft announced plans to invest $10 billion in OpenAI, the startup behind ChatGPT. The coin shot up by a whopping 18% immediately after the news and has since maintained the bullish trend.

Besides its price, AGIX trading volume has also witnessed a huge surge as people flock to the AI market.

SingularityNET recently released a joint venture called Awakening Health in collaboration with Hanson Robotics. The venture develops healthcare products leveraging AI.

The post SingularityNET price: here’s why AGIX price is up 40% today appeared first on CoinJournal.

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Charlie Munger wants the U.S. to ban cryptocurrencies

  • Charlie Munger reiterates his view on cryptocurrencies.
  • He lauds China for executing a full ban on cryptocurrencies.
  • Cryptocurrencies are having a fantastic start to the new year.

U.S. government should push ahead with an absolute ban on cryptocurrencies, says Charlie Munger – the Vice Chairman of Berkshire Hathaway.

Munger says cryptocurrencies have no real value

Munger has been against cryptocurrencies for the longest time and associates no real value to these assets as they are intangible and unproductive. Reiterating his view in a recent op-ed in the Wall Street Journal, he said:

Crypto is not a currency, commodity, or security. It’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states that compete in laxity.

Nonetheless, the crypto market seems to be having a fantastic start to the new year with Bitcoin currently up nearly 40% since the start of 2023.

U.S. should learn from the example of China

The influential investor lauded China for recently announcing a strict ban on crypto-related services and urged the United States to learn from its example.

He quoted the ban that England imposed in the early 1700s on all public trading in new common stocks for about a whole century as a precedence as well.

In some cases, a big block of cryptocurrency has been sold to a promotor for almost nothing, after which the public buys in at much higher prices without fully understanding the predilution in favour of the promoter.

It is also noteworthy that his business partner and one of the world’s richest men alive, Warren Buffet, shares his view on the cryptocurrencies as well.

The post Charlie Munger wants the U.S. to ban cryptocurrencies appeared first on CoinJournal.

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Pi Coin price prediction: Is Pi Network worth anything?

  • Pi coin is a highly popular cryptocurrency with over 35 million users.

  • PI/USDT has plunged on Huobi after the developers disavowed it.

Pi coin is one of the most popular and highly anticipated cryptocurrencies in the world. User metrics show that support for the Pi Network has been soaring in the past few months. Its official Twitter account has over 2 million followers, which is bigger than that of mainstream cryptocurrencies like Cardano and Polkadot.

Pi Network ecosystem is growing

Similarly, Pi Network apps are also highly popular, with the Android version having more than 50 million downloads. Further, Pi Browser has over 10 million users globally. At the same time, the network’s ecosystem is growing, with a number of developers building on the ecosystem rising. Some of the top apps that are being built in Pi are PiCare, Pi Chain Mall, and World of Pi Championship among others.

The number of Pi coin users has also been growing and currently stands at more than 35 million. In a bid to grow the ecosystem, the developers are carrying out a hackathon that will see developers showcase their applications. 

For starters, Pi Network is a platform that was launched in 2018 to offer better tools and features than Bitcoin and existing cryptocurrencies. As part of its strategy, the developers made it easier for people to mine the coin using their smartphones.

Mining Pi coin using a smartphone works using the Stellar Consensus Protocol (SCP), which uses the Federated Byzantine Agreement, which helps to ensure no energy waste and faster speed of transactions. In its ecosystem, Pi miners can become a pioneer, contributors, ambassadors, and node. Miners simply visit the app, confirm transactions, and then receive rewards, 

Is Pi Network worth anything?

There are several questions that are common about Pi Network and Pi Coin. For example, there are questions about whether the network is a legit one or a scam and whether it has a future. Other users have a question about how to convert their Pi coins into cash.

For now, it is difficult to come up with a Pi Coin price prediction since the network is still in an enclosed mainnet. As a result, it is unclear when the coin will be launched in major exchanges and the price in which it will start trading at. Most importantly, it is still unclear whether it will ever be launched on exchanges. Besides, Pi has been around since 2018.

It is possible to trade Pi today. In December, several exchanges, including Huobi Global listed PI/USDT which is supposed to mirror the performance of the real Pi coin. We wrote about this here. After soaring on its first few days, PI/USDT price has plunged by over 80% after the real developers disavowed the network.

Therefore, for now, Pi Coin is a wildcard in the crypto industry, and I don’t believe it is worth your time until it is pushed to exchanges. Pi Network is not worth anything even though the ecosystem is growing.

The post Pi Coin price prediction: Is Pi Network worth anything? appeared first on CoinJournal.

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Crypto price predictions: SUSHI, Immutable X, AGIX

  • SushiSwap price jumped as volume and revenue in DEX platforms rose.

  • Immutable X (IMX) did well after the launch of Passport.

  • SingularityDEX token could be forming a double-top pattern.

Bitcoin price held quite well this week as the market focused on the Federal Reserve decision, big-tech earnings, and the strong jobs numbers. As a result, the total market cap of all cryptocurrencies remained above $1 trillion even as the momentum appeared to wane. In this price predictions article, we will focus on a few cryptos that are doing well on Friday, including Immutable X (IMX), Sushi, and AGIX.

SushiSwap price forecast

SUSHI crypto price went parabolic as volume and revenue in decentralized finance (DeFi) rose. On the 4H chart, SushiSwap’s token climbed above the important resistance level at $1.48 (November 30 high. It also surged above the key resistance point at $1.4154 (January 22 high). 

This rally coincided with an increase in volume. In technical analysis, volume is one of the most important things that investors watch. In most situations, a major move that is not supported by volume does not last. Meanwhile, the coin has jumped above the 50-day EMA, which connects the lowest points between January 1 and 25. 

So, is it safe to buy SushiSwap? Therefore, with the flow of volume falling, I suspect that the coin will have a pullback during the weekend as investors start taking profits. If this happens, the key support level to watch will be at $1.4856.

SUSHI/USD chart by TradingView

How to buy SushiSwap

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy SUSHI with eToro today

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy SUSHI with Bitstamp today

Immutable X price prediction

Immutable X’s IMX price shot up this week after the company created Immutable Passport, as we wrote here. In all, the coin’s price surged to a high of $1, which was about 161% above the lowest point in December. On the daily chart, we see that volume has been tracking upward since December. 

IMX crypto also moved above the crucial resistance point at $0.7483, the highest level on January 25. It also rose above $0.7290, November 5 high. The bullish trend is supported by moving averages. But like SUSHI, I suspect that the coin is ripe for a pullback in the coming days. If this happens, the coin will likely retreat to the support at $0.7483.

IMX/USD chart by TradingView

How to buy Immutable X

Huobi

Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.

Buy IMX with Huobi today

AGIX price prediction

Artificial intelligence is taking over the world, especially following the launch of ChatGPT. This explains why SingularityNET’s AGIX price has been in a remarkable rally recently. The token surged to a high of $0.25 on Friday, the highest point since January 14. At its peak on Friday, the coin was up by 555% from its lowest point in December.

AGIX seems to be about to form a double-top pattern whose upper side is at $0.25. This view is supported by the fact that the coin’s volume has been trending lower. Therefore, there is a likelihood that the coin will have a bearish breakout in the coming days unless bulls push it above $0.25.

IMX/USD chart by TradingView

How to buy SingularityDEX

The post Crypto price predictions: SUSHI, Immutable X, AGIX appeared first on CoinJournal.

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Binance terminates wallet services to WazirX

  • Binance says WazirX has till 3 February 2023 at 23:59 UTC to withdraw assets from its accounts.
  • According to Binance, Zanmai Labs, the company behind WazirX, has failed to retract misleading public statements about their relationship.
  • Changpeng Zhao said in August 2022 that Binance never acquired WazirX and that it only offered wallet services to the exchange.

Binance, the world’s largest crypto exchange, has terminated wallet services it has been offering to Indian cryptocurrency exchange WazirX.

An announcement Binance published on Friday, 3 February 2023, notes that the decision to halt the wallet service relates to Zanmai Labs, the company that operates WazirX. As explained in the blog post, Zanmai has severally put forth misleading claims about its relationship with Binance.

In particular, claims that Binance had control over WazirX user funds and exchange operations is a misleading narrative that Zanmai has continued to perpetuate.

Binance halts wallet services to WazirX operator

Due to all the false claims, Binance says it gave Zanmai the opportunity to retract the misrepresentations if they wanted to still benefit from the wallet services. That hasn’t happened and it’s the reason for the move.

According to Binance, the relationship between it and Zanmai has only been around the provision of wallet services. These, the exchange added, are offered “as a tech solution” to help power WazirX’s exchange operations and that this isn’t unique to Zanmai. 

The wallet service is similarly offered to other companies that leverage the technology and infrastructure to run their own businesses.

“On 26 January 2023, we offered Zanmai a choice between retracting the false public statements (and continuing to use our services) or terminating the use of our wallet service. Since Zanmai has refused to clarify their misleading statements, Zanmai has till 3 February 2023 (23:59 UTC) to remove the funds from the accounts that they used for WazirX’s operations,” Binance wrote.

Reportedly, Zanmai is ready to withdraw all WazirX assets from Binance accounts. Binance is also offering to allow the withdrawals to extend beyond 3 February. The process will not impact Binance users, the exchange noted.

In August last year, Binance CEO Changpeng Zhao explained that although his company had announced its acquisition of WazirX in 2019, the deal never materialized. Zhao’s comments came as the Indian government froze WazirX accounts amid investigations into a money laundering scheme.

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