Livepeer, a decentralized dwell video streaming community protocol, and blockchain-powered AI platform SingularityNET on Friday huge rally with enormous buying and selling volumes, sparking buzz within the crypto group. What are the explanations behind the sudden upswing?
Livepeer and SingularityNET After OpenAI Sora News
OpenAI introduced its text-to-video synthetic intelligence mannequin Sora. It can generate movies which can be sensible and imaginative. Sam Altman requested followers to recommend messages and used Sora to show their X posts into one-minute movies.
“This helps show the world how powerful generative video can be, and progress on open models is moving faster than ever. But generating these videos requires massive GPU computing power, and can be expensive,” mentioned Livepeer.
Livepeer issued a press release as we speak saying that as a part of the Livepeer AI Video initiative, the group is working laborious to deliver these capabilities in inexpensive and open entry methods into the Livepeer community within the subsequent few months.
While OpenAI Sora is a big development within the AI area, SingularityNET as an AI market is actively working to create decentralized benevolent Artificial General Intelligence (AGI). The AI decentralization will assist folks, coding, knowledge, and processing.
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LPT and AGIX Price Rally
OpenAI’s introduction of the Sora has renewed focus to synthetic intelligence and AI tokens are presently rising, with LPT and AGIX main the rally.
As per Coinglass liquidation knowledge, Sam Altman’s Worldcoin (WLD) noticed $3.30 million liquidated, whereas Livepeer (LPT) and SingularityNet (AGIX) recorded $2.77 million and $800k liquidated within the final 24 hours.
LPT worth pares some positive factors after hovering over 60% up to now 24 hours, with the worth presently buying and selling at $12.23. The 24-hour high and low are $7.98 and $13.62, respectively. Furthermore, buying and selling quantity elevated by greater than 1250% within the final 24 hours, indicating an enormous curiosity amongst merchants.
The descending channel breakout in LPT triggered an enormous rally within the final 24 hours, offering merchants with sufficient confidence for heavy shopping for.
Meanwhile, AGIX worth additionally rising because of the breakout from cup-and-handle sample. The worth is presently buying and selling at $0.381 after paring most positive factors within the final 24 hours hovering. The 24-hour high and low are $0.316 and $0.429, respectively. Furthermore, buying and selling quantity elevated by 350%.
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