The cryptocurrency sector is witnessing a surge in trading activity as decentralized video streaming protocol Livepeer (LPT) and AI-driven platform SingularityNET (AGIX) both experience significant increases in their trading volumes. These spikes coincide with a broader interest in artificial intelligence within the crypto community. Livepeer, in particular, has been making strides with its AI video initiative, planning to enhance their network with greater, more affordable access to AI capabilities in the near future. SingularityNET, on the other hand, continues its pursuit of decentralized Artificial General Intelligence, drawing attention amidst developments in AI technology.
Livepeer’s Market Performance
Following an over 60% price surge within a day, LPT’s price has made a slight retreat, now trading at $12.23, with its daily trading range between $7.98 and $13.62. The asset’s trading volume has seen a dramatic leap, exceeding 1250%, a potential indicator of growing investor enthusiasm. This uptick comes after the cryptocurrency broke out from a descending channel, a bullish signal for market participants.
SingularityNET Gains Traction
AGIX has also seen its value climb following a technical breakout pattern, with its trading volume jumping by 350%. Despite a partial retrace from its 24-hour peak, AGIX’s current price stands at $0.381, having hit a high of $0.429 and a low of $0.316 in the same timeframe. The increased trading activity in AGIX suggests that investors are equally optimistic about the prospects of decentralized AI services.
In comparison, Sam Altman’s Worldcoin (WLD) encountered $3.30 million in liquidations over the last day, while LPT and AGIX faced $2.77 million and $800 thousand, respectively, highlighting the volatility and investor interest in these crypto assets. As AI becomes a more prominent theme in the blockchain space, LPT and AGIX stand out for their associated trading fervor and pioneering efforts in integrating AI with blockchain technology.
These developments are reshaping investor sentiment and positioning Livepeer and SingularityNET at the heart of the intersection between artificial intelligence and blockchain, as they both experience a surge in trading volume and market attention.