Long

SingularityNET (AGI) bullish breakout

Updated

SingularityNET (AGI) Bullish Breakout
Looking for a bullish breakout.
Strong resistance at 200 satoshis.
+diversion on the daily also adding to pressure to a bullish breakout

Looking for breakout from the symmetric triangle. A daily close over 200sat should be the signal.

Note

Report last month by NasDaq on Singularitynet
"SingularityNET is the world’s first decentralized #AI network...I would not be surprised if the #crypto delivers multifold returns from current levels."
nasdaq.com/articles/3-altcoins-that-could-outpace-bitcoin-in-the-coming-years-2020-12-09

Note

BREAKOUT begins

Note

continues breakout above 257 sats on the AGIBTC chart
also pushes to break against $0.10 resistance on the AGIUSD chart.
This comes after announcements about plans for Phase 2 and news that SingularityDAO will integrate Chainlink Price Feeds.

Note

SingularityDAO will integrate Chainlink Price Feeds as its preferred oracle solution for obtaining price reference data used within its future ecosystem products, such as for settling futures derivatives products, determining the best yield farming strategies, and rebalancing DynaSets — ETF-like dynamic token-sets that bundle utility tokens into a single tradable asset.
medium.com/singularitydao/singularitydao-integrating-chainlink-as-its-preferred-price-oracle-to-expand-the-utility-of-2e6b0002eba2

Note

Next Breakout around 320 sats resistance

Note

# Partnership between & : 10+ reasons to be bullish

- Cardano founder Charles Hoskinson
- SingularityNET founder Ben Goertzel

My feeling is that with both blockchains having existed for more than 3 years and a large following by themselves; the synergy of the two (Cardano & SingularityNET) will boost their value more then their sum (Metacafe’s law of networks).

**Partnership: 10+ Reasons to be Bullish for both ADA and AGI**

1. Ben knows Haskell - the coding language of Cardano - a functional language for provably correct code - superior language for critical engineering code.
“It’s just a technically superior blockchain platform. We really felt this was the best way to work toward our mission of beneficial decentralized general intelligence." - Ben Goertzel
2. Both Ben and Charles are experts in their fields; Ben an expert in AI since late 1980’s, Charles an expert in blockchain since 2013.
3. Both Ben and Charles have large groups of followers
4. Both Ben and Charles are know in the media:
1. TEDxTalks
2. News: CNN, Bloomberg, Forbes
3. Documentaries
5. Groups in AI and Blockchain will attract more engineers
6. Charles plans to expand the compiling language for Cardano to include C++ to attract more software engineers
7. Cardano will be releasing smart contracts this year
8. SingularityNET is using OpenCog code as the AI engine for AGI - OpenCog Foundation formed before Bitcoin (2011)
9. Both Cardano and SingularityNET have been around since before the first Blockchain boom in 2018
10. 2021 is the year both Cardano and SingularityNET will produce valuable dapps
11. Both Cardano and SingularityNET are know World Wide.
12. Cardano plans to use SingularityNET’s AGI engine to help build DiFi on Cardano.
13. Both Charles and Ben have connections in the medical industry. A growing field with plenty of untapped potential to use blockchain.

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