Crypto Prices Soar as FTX Bankruptcy, Inflation Data Boosts AGIX, Aptos, and MULTI

• Cryptocurrencies had a strong week as investors reacted to the FTX bankruptcy proceedings and the latest American inflation data.
• This crypto price prediction will look at what to expect with AGIX, Aptos, and MULTI.
• AGIX is the native token for SingularityNet, a relatively small but fast-growing AI platform built on Cardano.

The cryptocurrency market had a strong week as investors reacted to the FTX bankruptcy proceedings and the latest American inflation data. Although the crypto market is still in the process of recovering from its March crash, the latest news sparked a huge boost in the prices of digital assets. Among the coins to benefit from the surge was AGIX, Aptos, and MULTI. In this article, we take a look at the price predictions for these cryptocurrencies and how their prices are likely to move in the upcoming weeks.

AGIX is the native token for SingularityNet, a relatively small but fast-growing AI platform built on Cardano. The AGIX crypto price surged to a high of $0.130 this week, the highest point since October 14. It has jumped by more than 253% from the lowest point in 2022. It is unclear why the token rose but a likely reason is that it was in sync with other AI-focused coins. Turning to the daily chart, we see that the token went parabolic this week. As it rose, it moved above the important resistance point at $0.072, the highest point on December 13. The coin managed to move above all moving averages and is now approaching the important resistance point at $0.136 In the same period, oscillators like the Relative Strength Index (RSI) and the MACD have all surged. Therefore, I suspect that SingularityNet’s token is about to have a major pullback. If this happens, the next key support level to watch will be at $0.10, which is about 25% below the current level.

The Aptos token is the native token of the Aptos Network, a decentralized finance (DeFi) platform. The Aptos token has surged by more than 600% since it was listed in October 2022. This week, the token surged to a new high of $5.00, the highest point since its listing. The token is currently trading at $4.50 and is hovering just below the resistance point of $4.60. The daily chart shows that the token is trading above all moving averages and is about to break out of the descending channel. The RSI and the MACD are both in the overbought region, suggesting that the token is likely to correct lower in the near-term. If it does, the next key support level to watch will be at $3.50, which is about 17% below the current level.

Finally, the MULTI token is the native token of the Multi-Blockchain Protocol, a blockchain-agnostic platform that enables developers to create decentralized applications (dApps). The MULTI token has surged by more than 1,000% since it was listed in December 2022. This week, the token surged to a new high of $0.30, the highest point since its listing. The daily chart shows that the token is trading above all moving averages and is about to break out of the descending channel. The RSI and the MACD are both in the overbought region, suggesting that the token is likely to correct lower in the near-term. If it does, the next key support level to watch will be at $0.20, which is about 35% below the current level.

Overall, AGIX, Aptos, and MULTI all had a strong week as investors reacted to the FTX bankruptcy proceedings and the latest American inflation data. While all three tokens are likely to correct lower in the near-term, their longer-term prospects remain bullish. Therefore, investors should keep an eye on the price movements of these coins and look for potential entry points when the tokens correct lower.