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The ai16z price surged 23% in the last 24 hours to trade at $2.42 as of 3.50 a.m. EST on trading volume that skyrocketed 57% to $294.11 million.
ai16z started its surge around 15 hours prior to the time of writing when its price started going up from $1.87 to its current price of $2.42. However, this is only the latest addition to the token’s price increase, which has been going on throughout the past week.
In fact, the project started surging around Christmas, December 25, and since then it has been following a fairly consistent pattern. Its price would see a small increase, followed by a few days of trading sideways, and then a new price increase would take it further up.
Following this pattern, the project increased by around 190% in the last seven days. Its price has skyrocketed over 620% since late October, when it went live.
ai16z Price Prediction
The project’s technical indicators suggest that the increase is steady. The ai16z Bollinger bands have been maintaining consistent width in the past two days, with an occasional narrowing, but only for a brief few hours before returning to what is the normal state.
In the past 24 hours, the price has mostly been fluctuating between the upper band and the middle point between the two bands, which is a performance similar to Bitcoin’s. With that said, it could be that ai16z is closely mirroring the world’s largest cryptocurrency, although the similarities between their charts could be a coincidence.
As far as the project’s Relative Strength Index (RSI) value is concerned, the last two days have been marked by strong surges which often took the RSI into the overbought zone, even climbing up to or near the value of 80. This suggests that the traders have been excited about the token, and were not always governed by the RSI performance.
After delving deep into the overbought zone, the RSI would typically drop back down to the neutral zone at 50 when traders moved in to take profit. But, as soon as it reached this level, a new wave of purchases would occur, pumping the RSI value back up to the overbought zone,
The pattern seems to be holding as the RSI just recently dropped to a value just above 50, and is already starting to grow back, suggesting that the ai16z price is likely to continue to rise.
Promising Alternative To ai16z
For those who believe that ai16z has reached its peak, or is about to, it might be worth checking out the new presale meme coin Solaxy (SOLX).
This is a new project that emerged in the Solana ecosystem, but it is not running on the SOL network. Instead, it is the first Solana-based project to have its own Layer-2 blockchain. Not only that, but the project will run simultaneously in Solana’s and Ethereum’s ecosystem, thus acting as a bridge between the two.
The decision to have SOLX run on its own native blockchain comes from the fact that the major blockchains have big, unresolved problems. Ethereum’s slow speeds and high fees were what originally inspired the creation of Solana, which is to this day one of the fastest and cheapest major blockchains.
However, Solana failed when it comes to scalability, which often leads to network congestion and failed transactions. Solaxy is launching its project to resolve this, so it will keep Solana’s speeds and low costs while suffering no congestion or failed transactions.
The SOLX ICO became extremely popular among investors, raising over $7.73 million in only a few weeks, and promising to be a highly rewarding project.
It also supports staking and offers a massive 471% annual return on staked tokens.
This was also something that popular YouTuber ClayBro, with more than 130k subscribers, recently pointed out in a video, stating that the project could offer some of the highest gains of any meme coin.
SOLX is currently selling for only $0.001588. Buy before a price hike in less than 23 hours for the best deal.
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