SingularityNET

Sponge

SPONGE

Coin

<p>The SingularityNET price jumped 32% in the last 24 hours to trade at <a href="https://coinmarketcap.com/currencies/singularitynet/" rel="noopener noreferrer nofollow">$0.7132</a> as of 4 a.m. EST on trading volume that skyrocketed 133% to $452.4 million.</p>
<p>The token’s surge in the last 24 hours, while impressive, still pales in comparison to the increase it had seen in the last 7 days. During the past week, AGIX price went up by over 120%, from $0.3215 to its current peak.</p>
<p>While the token’s current price is still not its all-time high — that was still reserved for its price at the moment of launch in February 2018 — This is the highest that AGIX has been in the last six years.</p>
<p>SingularityNET’s recent price surge is a part of the broader rally in the blockchain and AI space which was triggered by the introduction of OpenAI’s Sora, a new text-to-video AI model which allowed the company to once again impress the world with a recent demonstration.</p>
<p>With anticipation of AI adoption on the rapid rise, AI cryptos have seen growing interest as well, eventually leading to surges such as the one SingularityNET has seen in the past week, and especially in the past 24 hours.</p>
<h2 id="singularitynet-price-prognosis">SingularityNET Price Prognosis</h2>
<p>SingularityNET’s price saw major growth in the last seven days, but the biggest surge came in the last 24 hours. And, while the token reached its highest point in six years, it also seemingly hit the ceiling — at least for the moment.</p>
<p>It appears that the token has found a major resistance at $0.72, which stopped its progression over the past 12 hours. However, the project also found a strong support at $0.70, and for the time being, it remains stuck between these two levels, where it rapidly stabilized.</p>
<p>With that said, it is very likely that the token will soon break the support and start spiraling down, as multiple technical indicators suggest that the bearish pressure is rapidly approaching.</p>
<p>First, as can be seen on the chart below, the token’s Bollinger bands have narrowed extremely quickly, and the price is rapidly approaching the lower band.</p>
<p>Narrow bands are one of the signals of the turning of the market sentiment from bullish to bearish, which is something to keep in mind.</p>
<p><img decoding="async" class="aligncenter size-full wp-image-482691" src="https://insidebitcoins.com/wp-content/uploads/2024/02/AGIX-Price.jpg" alt="AGIX Price" width="1753" height="830" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/AGIX-Price.jpg 1753w, https://insidebitcoins.com/wp-content/uploads/2024/02/AGIX-Price-300x142.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/AGIX-Price-1024x485.jpg 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/AGIX-Price-768x364.jpg 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/AGIX-Price-130x63.jpg 130w, https://insidebitcoins.com/wp-content/uploads/2024/02/AGIX-Price-104x50.jpg 104w, https://insidebitcoins.com/wp-content/uploads/2024/02/AGIX-Price-83x40.jpg 83w, https://insidebitcoins.com/wp-content/uploads/2024/02/AGIX-Price-1536x727.jpg 1536w" sizes="(max-width: 1753px) 100vw, 1753px"></p>
<p>Of course, no single technical indicator should be trusted on its own, which is why we also considered the token’s Relative Strength Index (RSI) level. Unfortunately, this indicator is also flashing bearing signals, with the level rapidly declining after recently venturing into the oversold zone.</p>
<p>At the time of writing, the RSI score has dropped to a more neutral position, with its current value at 57.66. If it were to stop its decline here, SingularityNET might be able to stabilize and stay where it is.</p>
<p>However, chances are that the traders will continue to sell in order to take profit, which will push both RSI and the token’s price further down.</p>
<p>This is why we expect RSI to go into the oversold zone in hours to come, and for the token’s price to break the support at $0.70.</p>
<p>As for how deep it will drop, that is difficult to say. The token has a fairly strong resistance at $0.65, although it is not impossible for it to break this support too, and potentially head further down, back to $0.50.</p>
<p>While this is not a certainty, and AGIX could still remain at its current level, it is very likely that a correction will take place in hours, and potentially days to come.</p>
<h2 id="promising-alternatives-to-singularitynet">Promising Alternatives to SingularityNET</h2>
<p>Inspired by the introduction of Sora, the crypto community started pumping AI-related cryptocurrencies, and just like SingularityNET, we believe that most of them have reached their peak.</p>
<p>This is why we believe that this is the perfect time to switch to a meme coin such as <a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow">Sponge V2 (SPONGE)</a> as the best alternative at this moment.</p>
<p><iframe title="SPONGE Meme Coin 100X CRYPTO?! 30% PUMP! (BIG POTENTIAL!!?)" width="640" height="360" src="https://www.youtube.com/embed/iv50B1_AJG8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p>Sponge V2 is a meme coin project that comes as the second version of a project called Sponge (SPONGE). The original was launched in 2023, but it has since been discontinued.</p>
<p>The first Sponge saw a massive wave of popularity, which also led to a massive 100x pump. However, its team now believes that it can make V2 even better and bigger than before.</p>
<p>They discontinued the original project and bridged the tokens to match V2, allowing users to stake them and earn even more SPONGE in staking rewards.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Only 2 days left until we discontinue <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> V1! 🚨</p>
 <p>If you do not move and stake your SPONGE V1 tokens before 5th of February, you will not receive SPONGE V2.</p>
 <p>Act fast to ensure a smooth transition! 🙏💎<a href="https://twitter.com/hashtag/SPONGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SPONGE</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MemeCoin</a> <a href="https://twitter.com/hashtag/PEPE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PEPE</a> <a href="https://twitter.com/hashtag/Staking?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Staking</a> <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> <a href="https://twitter.com/hashtag/Alts?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Alts</a> <a href="https://t.co/yLH4QwrDGp" rel="noopener noreferrer nofollow">pic.twitter.com/yLH4QwrDGp</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1753704920790823011?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 3, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Meanwhile, V2 also represents a great opportunity for those who missed the original Sponge V1 pump to join in now. They can buy SPONGE on the project’s website in exchange for ETH or USDT, and join countless others who have so far staked over $10.2 million in <a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow">SPONGE tokens</a>.</p>
<p>Just keep in mind that neither the project nor the token are associated with Nickelodeon or their creation SpongeBob SquarePants in any way. The developers were simply inspired by SpongeBob memes, which is why this is a meme coin, after all.</p>
<p>Visit SPONGE <a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow">here</a>.</p>
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SingularityNET Price Prediction: AGIX Soars 32% As Nvidia Earnings Lift AI Tokens, But Traders Flock To This Meme Coin With Time Running Out

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