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How are Monero (XMR), Radix (XRD), and SingularityNET (AGIX) performing in the crypto market? Below is an overview of their prices and the latest news involving them.
Summary
Monero (XMR) shows resilience after being delisted from Binance
Monero (XMR) has shown resilience in prices and network despite its delisting from Binance on February 20th.
The main privacy cryptocurrency has recovered the $150 zone and has set a new record with over 100,000 daily transactions.
On March 5th, the Monero network set a new all-time high in the number of its daily transactions, surpassing the 96,495 recorded.
However, at the moment, the network has confirmed 102,708 transactions on March 6. This increase in network usage could positively influence XMR’s market demand and reflect on its price.
Despite the significant price variation following the delisting from Binance, Monero has been able to recover, going from $101 to $153 and currently trading at around $144.58.
After the removal, XMR recorded a 27% increase followed by a record in transaction count, highlighting remarkable resilience.
Radix Network presents Project Ignition to strengthen DeFi liquidity
Radix Network has recently announced the launch of Project Ignition, an innovative $10 million liquidity initiative designed to boost liquidity for major cryptocurrencies such as USDC, USDT, wBTC, and ETH on its platform.
This revolutionary program redefines liquidity provision on decentralized exchanges (DEX). Project Ignition stands out for its unique approach to enhancing liquidity.
The LPs that participated in the program received an amount equal in XRD, the native token of Radix, for every dollar of liquidity provided, effectively doubling the liquidity they offer.
Furthermore, LPs will be incentivized up to 20% of the value provided in advance in XRD, in addition to receiving trading fees and protection against temporary losses.
The program is integrated with major Radix DEX such as Ociswap, CaviarNine, and DefiPlaza, ensuring a smooth experience for participants who want to contribute to the liquidity landscape.
By providing liquidity through these DEX front-ends, users received an immediate payment in XRD of up to 20% of the value of the tokens provided, depending on the liquidity lock period.
Project Ignition offers protection against temporary loss of XRD and guarantees a value guarantee up to four times the value of the assets provided.
Participation in the project requires connecting resources in the Radix ecosystem through Instabridge and Instapass to ensure a safe and compliant environment.
AGIX: prices compared to Monero and Radix
The native cryptocurrency of SingularityNET, AGIX, has recently shown a remarkable market performance, highlighting a significant increase in its value.
This increase has stimulated a growing activity on the Cardano blockchain, showing a growing interest in cryptocurrencies focused on artificial intelligence.
Recently, the market capitalization of AGIX has more than doubled, signaling a growing interest from investors in the network that facilitates the creation and sharing of artificial intelligence tools.
Particularly significant is the fact that the number of wallets with a balance of AGIX greater than zero has reached its historical maximum of 93.6, indicating an increasing adoption of AGIX.
In addition, daily whale transactions on the Cardano blockchain have exceeded one million dollars in value, while the volume and conversion rates on the chain have shown significant increases.
According to the analysis by IntoTheBlock, the vast majority of AGIX holders have made profits, with 99% of holders reporting gains.
The Telegram community of the project has recorded a significant increase of 5.09%, highlighting a growing engagement and interest among investors.
Furthermore, data indicates that 40% of AGIX holders have kept their tokens for over a year, signaling a high level of investor confidence and long-term commitment to the project.
In conclusion, the recent rise of the AGIX token from SingularityNET highlights the increasingly close intersection between cryptocurrencies and artificial intelligence, offering investors a promising opportunity in the evolving landscape of digital assets.