Monitor These Coins
The The momentum in the cryptocurrency market has been rather sluggish in the past week. Bitcoin has returned to the $22,000 mark This is an improvement from a few months ago, but there may be additional hurdles to overcome before the market can return to a bull run. However, some crypto tokens have outperformed the market.
This This week, we will be looking at SingularityNET (AGIX), Render Token (RNDR), MAGIC, (MAGIC), Shiba Inu (SHIB), and The Graph (GRT). When evaluating these assets, many factors were taken into consideration, such as significant news events and positive technical developments.
Key Takeaways
- SingularityNET’s AGIX token surged 150%, likely due to growing interest in artificial intelligence (AI) and discussion of chatbot ChatGPT.
- The value of Render Token’s RNDR increased by 51% due to the launch of a new tokenomics model and the establishment of the Render Network Foundation.
- Magic (MAGIC)’s price rose 50%, likely due to sustained interest in the metaverse.
- Shiba Inu (SHIB) saw a 23% price increase, likely due to an increasing burn rate and increased activity on the network.
- The Graph (GRT)’s stock price rose more than 48% following reports of growth across multiple metrics.
SingularityNET (AGIX).
SingularityNET, which focuses on decentralized AI (AGIX), is taking advantage of the growing attention to chatbot ChatGPT. The The project’s AGIX token experienced a 150% increase in price during the week, likely due to curiosity and the influx of ChatGPT customers. The The token’s price is currently around 44 cents (see the chart below).
SingularityNET allows users to search and purchase AI services using AGIX currency. It It is essentially a decentralized marketplace of AI and is seeing considerable growth.
AGIX (TradingView).
Render Token (RNDR)
Render Token’s value rose 51% in the past week thanks to two major developments. To begin with, a new tokenomics model was introduced by the project. Burn Mint Equilibrium (BME). Additionally, the
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RNDR (TradingView).
MAGIC (MAGIC).
MAGIC (MAGIC), a Metaverse Project, is an influential asset in the crypto market. Its performance indicates that it is maintaining its spot at the top. MAGIC is a beneficial resource for the Treasure metaverse, a decentralized non-fungible token (NFT) platform developed for metaverse projects. The MAGIC token gained approximately 50% last week due to the prevailing interest in metaverse schemes.
Interest There has been an elevation in the interest in blockchain-based gaming platforms, which seems to have had a positive influence on the MAGIC token. The Trove Marketplace Treasure Ecosystems are also recording more activity. After being priced last week at around $1.29, MAGIC is now available at $2. (See chart below).
MAGIC, TradingView
Shiba Inu (SHIB)
Meme token Shiba Inu (SHIB), despite crypto winter, has done well in the past few months. The creators of the project are striving to extend the ecosystem. This has caused an increase in the number of transactions on the network. The burn rate of SHIB also has gone up, which has led to a rise in the price.
These joint actions have led to a 23% increase in SHIB. The Project is progressing into a utility token and not a meme token. This looks good for the future. SHIB began last week at 0.000012 cent, and it is currently at around 0.0.00014 cent (see chart).
SHIB (TradingView).
The Graph (GRT)
The Graph (GRT), a price hike of more than 48% was recorded, most likely due to positive growth across a number its key metrics. Crypto market intelligence provider Messari A report was released on the project which showed an increase in the number of indexers and delegators as well as the number curators for GRT.
An example of a proof-of–stake (POS) network is The GraphIndexers, who are those who work for nodes, are motivated by the possibility of earning financial rewards. Delegators They are responsible for validating blocks and securing the network. Nevertheless, they are also financially motivated. Curators GRT can be used to indicate which subgraphs are important to index.
The Graph This protocol provides users with information using multiple data sources. The Graph’s Team is also working to support other chains in the network. GRT is currently priced around 13 Cents (see
