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The ai16z price soared 40% in the last 24 hours to trade at $1.73 as of 11:15 p.m. EST on trading volume that skyrocketed 82% to $300 million.
This comes as the agentic artificial intelligence (AI) platform mulls launching its own layer-1 blockchain network as part of its broader tokenomics overhaul.
The project is also considering creating a platform similar to Pump.fun for launching AI agents.
Oh…. ?
Looks like @ai16zdao has formally announced plans to launch an Agent Infra Ecosystem…
… with agentic value being driven back to their native token $ai16z
Highlights:
1. Core focus of platform will be to enable agent swarms.
This is key to unlocking the next… pic.twitter.com/oDW9enqqFt
— 7213 | Ejaaz (@cryptopunk7213) December 28, 2024
Ai16z Price On A Sustained Bullish Trend
The ai16z price chart analysis on the 1-hour timeframe displays a strong bullish momentum over the past few days.
After a period of consolidation around the $1.20 range, the AI16Z price broke out significantly, rising above the 50-period Simple Moving Average (SMA) on the 1-hour chart and forming a steep upward trend.
A notable parabolic curve has occurred from the $1.14 level, cementing the general bullish outlook, according to GeckoTerminal data.
Currently, the price of AI16Z is trading at $1.7346, which is well above the 50-period SMA ($1.3730) and the 200-period SMA ($0.9841), signaling that the bullish trend is intact.
The Relative Strength Index (RSI) is currently at 69.02, close to the overbought threshold of 70. This indicates that the asset is nearing overbought territory, which could lead to a pullback or consolidation in the near term.
However, sustained bullish momentum can keep the RSI elevated for an extended period.
Meanwhile, the Moving Average Convergence Divergence (MACD) line is above the signal line and is in positive territory, indicating bullish momentum. The histogram is also increasing, suggesting growing buying pressure.
However, it is worth noting that the MACD has been extended for some time, which could hint at potential exhaustion in the trend.
AI16Z Price Prediction
The overall trend remains bullish, and the ai16z price has the potential to continue its upward trajectory in the short term. If the bullish momentum persists, the AI16Z price could aim for $2.00 in the coming days.
However, as the RSI is approaching overbought levels and the price has already seen significant gains, a consolidation phase or minor pullback could occur before the next leg up.
The $1.37 mark (50-period SMA) and $1.20, which was the recent consolidation zone, are key to watch here.
Meanwhile, investors are rushing to buy the Pepe derivative Wall Street Pepe (WEPE), which crypto analyst ClayBro, boasting over 136K YouTube subscribers, analyzed in a video titled, “Breaking Records! Quickly Becoming One of the Best Meme Coins to Buy.”
Wall Street Pepe Raises Over $38.3 Million In Less Than A Month
Wall Street Pepe is rapidly emerging as the most successful presale of the year as it blasts past the $38 million mark after less than a month.
The project’s core theme revolves around decentralization and empowerment, with Wall Street Pepe positioning itself as a challenger to the current power dynamics in the crypto space.
Wall Street Pepe emerges as a revolutionary meme coin project aimed at democratizing trading insights for crypto enthusiasts.
How I sleep knowing Wepe is pumping. 🐸 ⚔️ pic.twitter.com/slowCyxZ0E
— Wall Street Pepe (@WEPEToken) December 17, 2024
The WEPE token offers its holders exclusive trading insights. Members also gain access to alpha calls and strategic information, which helps traders make more informed investments and trade like pros.
The WEPE token also offers a passive income opportunity through its staking feature, which delivers a stellar 34% annual percentage yield (APY).
You can buy WEPE tokens from the official website for $0.0003661 using ETH, USDT, or a bank card. Buy before a price hike in about 7 hours to lock in the best deal.
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Newest Meme Coin ICO - Wall Street Pepe
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