SingularityNET's AGIX token has emerged today as a beacon of green amid a sea of red on the crypto market. Over the course of the day, the Cardano-based token has soared by over 9%, catapulting to the forefront of the crypto market's top performers.
The driving force behind this unprecedented surge can be traced back to Nvidia's groundbreaking quarterly report, unveiled after the closing bell on the U.S. stock market. A true pioneer in the realm of artificial intelligence, Nvidia's earnings report left the market in awe.
Thus, the tech giant disclosed impressive earnings of $2.70 per share, coupled with a staggering revenue of $13.51 billion. The company's bullish outlook continued as Nvidia revealed its projection of third-quarter sales reaching a towering $16 billion, a figure significantly surpassing the anticipated $12.5 billion forecast by analysts. Adding to the fervor, Nvidia disclosed its ambitious $25 billion share buyback plan.
This seismic positive shift cascaded throughout the AI-centric cryptocurrency sector, further amplified by the 24/7 trading nature of the crypto market. AGIX and its peers in the AI domain swiftly entered the spotlight, igniting investor enthusiasm.
Year of AGI(X)
Against the backdrop of artificial intelligence's rapid mainstream integration, SingularityNET has undeniably seized the limelight in 2023's crypto market landscape. Bolstered by a masterful narrative, AGIX has witnessed an astronomic ascent of 1,372% since the start of the year. As previously highlighted by U.Today, SingularityNET functions as a decentralized AI service marketplace, with the aim of bolstering interoperability across Cardano and Ethereum.