AGIX price analysis after the Rejuve, Trudignostics deal

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AGIX price has been in a robust bullish development in the previous few months.
It has jumped by over 690% from the lowest level in 2022.
Rejuve, a SingularityNET spinoff has partnered with TruDiagnostics

Singularity’s AGIX token has emerged as one in every of the best-performing cryptocurrencies of 2023. It surged to a excessive of $0.2593, which was the highest level since December 2021. At its peak this 12 months, AGIX price was up by over 690% from the lowest stage in 2022. Now, Rejuve, a SingularityNET spin-off, is transferring to DNA analysis by partnering with TruDiagnostic.

Crypto and DNA analysis

In a press launch on Tuesday, Rejuve mentioned that it was partnering with TruDiagnostic, a well being information firm and authorized lab that focuses in fluid epigenome. The partnership will contain taking a look at the interplay of DNA methylation, metabolomics, and proteomics. Methylation is the examine of of measuring DNA expression regulatory components whereas metabolomics is the examine of chemical metabolites of physique processes.

As a part of the partnership, the two corporations will collaborate to generate insights from 10k affected person methylation and multi-omic datasets. They will use information science to develop age prediction algorithms primarily based on over 3,000 samples. As a consequence, the analysis will assist scientists perceive the relationship between getting older and illness. If profitable, they are going to be addressing an business valued at billions of {dollars}.

Rejuve is a brand new firm that emerged from SingularityNET. It has developed a Longevity cellular software that’s at the moment in beta and one which might be launched in the first half of the 12 months. TrueDiagnostics, on the different hand, is an organization that present DNA methylation and organic getting older exams. It has a license settlement with Duke University.

What is SingularityNET and AGIX?

For starters, SingularityNET, has raised over $66 million from buyers. It is a platform that gives an artificial intelligence (AI) algorithms market. The aim is to decentralize the AI business by creating an AI market that isn’t depending on any entity. Its ecosystem is made up of SingularityDAO, which is a decentralized portfolio administration protocol.

SingularityNET’s ecosystem additionally consists of Awakening Health, Nunet, Sophia Verse, and Jam Galaxy amongst others. It additionally consists of Rejuve.ai, which, as described, is constructing a decentralized community for researchers, clinicians, and information contributors in longevity analysis. AGIX, on the different hand, is the native token for the ecosystem.

AGIX price prediction

AGIX crypto price has been in a robust bullish development in the previous few months as I wrote on this article. On the day by day chart, it has managed to maneuver above the key resistance at $0.1370, the highest stage on October 14th. It has additionally risen above the 23.6% Fibonacci Retracement stage. It looks as if the bullish momentum is now dropping steam.

Therefore, the base case is the place the coin retreats to a low of $0.1370 after which resumes the bullish development in the close to time period.