The blockchain AI Project’s utility tokens $AGIX, and $FET reaps enormous gains for investors. SAND altcoin also grabs the attention with major transfer
Blockchain-based Artificial Intelligence (AI) utility tokens AGIX and FET seem to have no upside boundaries, at least in the short term. As AGIX surges more than 200%, FET scored 98% gains in the last seven days.
AGIX, the native cryptocurrency of the SingularityNET project has risen to astounding heights. SingularityNET based on the Cardano network is a blockchain-based AI project launched in 2017. The recent growth in the token is primarily induced by the growing popularity of AI-based platforms.
Microsoft announced a $ 10 billion investment in ChatGPT, an AI-based human-like conversation tool on January 23. Another development, Google announced a $300 million investment in AI startup, Anthropic on February 4. The AGIX price follows the market euphoria.
Another AI-based token, Fetch.AI (FET) is leaving market participants mesmerized by its superlative returns. Recently, Fetch.AI in its weekly roundup stated more than five million transactions on its mainnet. This is indicative of an increasing number of users adopting and using their products.
SANDBOX (SAND) transfers $56M transfer to Binance exchange
Large transactions do not mean a change in direction. But, heightened volatility certainly. Binance exchange witnesses a significant amount of the Sandbox’s (SAND) token lately. A total of 78 million SAND, worth $56 million from three addresses. As of press time, SAND/USD is exchanging hands at $0.72, up 2.10% for the day.
From the technical perspective, SAND is consolidating in a short-term range of $0.68 and $0.80 as can be seen on the 4-hour chart. As long as the price remains below the 21-day Exponential Moving Average (EMA) at $0.73, it will be under the bearish bias. However, near the horizontal support line a bounce back toward $0.75 and $0.80 could be expected.
