Bullish on SingularityNet (AGI) Why?

in #cryptocurrencies6 years ago (edited)

Hello, I am Frank Overwood and thanks for reading. This article is to show you why i am bullish on agi and investing in it for the long term.
not financial advice.

Fundamentals:
1st of all we need to understand that investing on Artificial intelligence is one of the safest bets for the future, artificial intelligence will become a daily-use product in a near future, every company, enterprise of all the kinds of sectors will need AI solutions, and this, powered with blockchain is a complete solution.
Singularity Net:
Singularity NET (AGI) aims to become a global and descentralized AI network.
Imagine you are a developer and you created a very usefull AI code at your home, then, you will be available to test, share and monetize your creation. Or imagine you are an adventurer and you have an AI software in your phone to analyze plants and their properties with just a picture, thanks to AGI your software can be updated in real time from other repositories feeded by other AI's, developers or users.

"Mass adoption of AI is already here:

Hundreds of hedge funds are directed by AI-engines, trading billions of dollars in securities each day.
Tech giants use AI to process billions of real-time data points every minute.
Over half of all insurance companies use machine-learning algorithms to make critical operational decisions.
The $1.7 trillion healthcare industry is rapidly deploying AI systems for surgery, diagnosis, drug discovery, and more.
But with nearly every industry racing to develop and deploy AI-powered technologies, the biggest growth is yet to come. According to Transparency Market Research, the global artificial intelligence market is projected to grow from $233.8 billion in 2017 to $3.1 trillion in 2025."
Agi has a partnership with Hanson Robotics, a very important and big robotics company. https://pitchbook.com/profiles/company/89432-92
More fundamentals:
"With capital flowing to the compounding returns of digital intelligence, soon, there will be little economic incentive to invest in humans."
Inevitably, technology grows at gigantics stepts in comparison to human intelligence. Soon, no one will want to invest in human, becoming tech (and we can actually see a lot of examples of this in our present)the most attractive field for investors, and the main channel and purpose for investments and science.
This is how tech get over humans

And this is how digital ability(intelligence) has evolved in comparison to human intelligence (ability)

Honestly i think we cant even imagine what Ai will provide in the future.
If you want to take a deeper look into this topic, please take a look to this article, also is source of the graphs i posted before.
"A plan for humanity" https://goo.gl/UFMfDo

Technical Analysis
(you can trade agi on binance, bitfinex and kucoin, big exchanges)
Shorterm look:

Descending wedge + RSI divergece + Volatility Bottomed (blue line on rsi tab)
Lets take a look to the big picture and marketcapitalization):
Isnt this the chart we all want to buy?

The coin has been released at the beggining of the bear market (early 2018) so it still has lots of room for price discovery.
Total Supply is very low compared to other ****coins.
TRX 100b, Bytecoin 184b, Verge 16b versus AGI 1b.
At the peak of the bull market, Verge had a 3.8b market cap, with that marketcap AGI price would be around (540m circulating supply) 7 USD. Thats a 5200% increase from current price.

If i couldnt afford to accumulate, i would wait entire market bottom to get into any coin, this include AGI, i would wait a volume stop (buy spike) in binance ;) , but thats just me and this is not financial advice :D

love and freedom.

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
AGISingularityNET0.134$-0.25%-34.76%
BCNBytecoin0.005$0.04%-19.22%
TRXTRON0.047$-1.79%-20.44%
XVGVerge0.030$-4.35%-22.21%

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