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The Ai16z price soared 10% in the last 24 hours to trade at $0.444 as of 11:27 p.m. EST on trading volume that rose 20% to $72 million.
The token rose to its all-time high (ATH) of $0.5174 after a top executive at venture capital firm a16z acknowledged the project in a post on X .
😳 erm, partners? you're gunna wanna see this https://t.co/eJ5o6jZtAC pic.twitter.com/MrUON6uFdG
— ai16z (@ai16zdao) November 18, 2024
In the post, Eddy Lazzarin, a16z Crypto’s chief technology officer, tipped an ongoing dialogue between the venture firm and the eponymous ai16z DAO.
Ai16z Price On A Sustained Bullish Rally
The Ai16z price has formed a parabolic uptrend, which is evident from the steep rise following a consolidation phase around $0.05, according to data from GeckoTerminal. This kind of price action often suggests a high level of market interest and momentum.
AI16Z now trades above the 50 Simple Moving Average (SMA) on the 4-hour chart, which shows that the asset is in a sustained bullish rally.
The Relative Strength Index (RSI) is approaching overbought territory, currently at 63, but is still within a healthy range. This suggests that the uptrend could still continue before the asset enters overbought territory.
Moreover, the Moving Average Convergence Divergence (MACD) also supports the general bullish trend, as the blue MACD line crosses above the orange signal line, an indication of a bullish crossover.
The major indicators support a continuation of the current bullish trend, which could see Ai16z rally up towards a new ATH, as it closes in on the $1.0 mark.
Conversely, if the Ai16z price goes through a correction at this level, the 50 SMA could act as the next support zone at $0.2195
As the Ai16z price aims for a continued bullish rally, new meme coin project Crypto All-Stars (STARS) has already raised over $4.3 million and is racing towards the $5 million mark.
ClayBro, a prominent crypto analyst with over 130K subscribers, says STARS has the potential to soar 26X after its launch.
Crypto All-Stars – Best Crypto To Buy Now?
Crypto All-Stars, featuring the industry’s first unified meme coin staking protocol that supports both multi-token and multi-chain assets, is poised to be a new avenue for generating passive income from some of the most playful tokens in the market.
Called MemeVault, the protocol enables investors to pool together many top meme coins to earn substantial rewards, making it an ideal way to maximize returns, especially as meme coins pick up steam.
This feature enhances Crypto All-Stars by moving beyond mere speculative value. It also offers meme coin holders a tangible opportunity to earn rewards through active participation.
Why Is Everyone Excited?
In its initial presale phase, Crypto All-Stars raised over $350k! 💰
This early success shows that investors see BIG potential here. 🚀
Could this be the next $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
Moreover, the project’s 8-bit retro aesthetic resonates with a diverse audience of meme coin lovers and serious crypto investors. This unique visual style and engaging community distinguish it in the competitive meme coin landscape.
Investors can stake major meme coins including Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. The project will add more meme coins in the coming months.
You can also earn passively through the project’s native staking mechanism, which offers an impressive 403% annual percentage yield (APY).
Investors can buy the token now for $0.0015806. However, the price will increase in 2 days, so potential buyers will want to act fast to lock in the best deal.
Purchase STARS from its official website here using BNB, USDT, or a bank card.
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