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The Venice Token price skyrocketed 94% in the last 24 hours to trade at $16.37 as of 02:18 a.m. EST on trading volume that surged 137% to $475 million.
Erik Voorhees, the founder of privacy-focused AI platform Venice.ai and crypto exchange Shapeshift, revealed the launch of the VVV token, a crypto that is designed to decentralize access to uncensored AI extrapolation.
New token Venice $VVV by @ErikVoorhees launched today and is already at a $1.7bn fully diluted valuation… flipping just about every next-big-thing AI token that existed 48 hours ago. pic.twitter.com/dEkVRP2Rg5
— Stats (@punk9059) January 27, 2025
The token will be focused on addressing the growing concerns about centralized AI control, censorship, and data privacy.
Venice Token Price Shows Signs Of A Bearish Trend
The VVV price chart exhibits a period of volatility, with significant price movements over the last trading session.
Initially, a strong bullish trend can be observed, where the Venice Token price surged dramatically before encountering resistance near the $23 mark, according to GeckoTerminal data.
Following this, the price of Venice Token retraced and has since been consolidating within a rising channel pattern. However, the current price action near the lower trendline of the channel indicates that the asset is testing support.
A breakdown from this pattern could lead to further downside movement, while a bounce could trigger another bullish move.
The price of VVV now trades slightly below the 50-period Simple Moving Average (SMA) on the 5-minute chart, which is an indication that the asset may be headed toward a bearish trend below the lower trendline of the rising channel.
Meanwhile, the Relative Strength Index (RSI) is currently at 45.33, which is below the neutral 50 mark. This suggests slight bearish momentum and that the asset is experiencing less buying pressure. If the RSI continues to decline towards the 30 level, it may indicate oversold conditions, potentially leading to a reversal.
VVV Price Prediction
The VVV price movements towards the lower trendline indicate that the asset may be headed towards a slight bearish trend.
In such a case, the Venice price may go lower, which could drive the price of Venice Token toward the next possible support level at $12.42.
However, if the price bounces from the lower channel support and reclaims the 50-period SMA support, it could rally toward the upper channel boundary, potentially testing the $20–$22 resistance zone again.
As the Venice Token price surges, investors are also snapping up a new 2.0 Pepe ICO called MIND of Pepe (MIND), which 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, says has the potential to soar 20X after its launch.
Mind Of Pepe Presale Garners Over $4.1 Million – Next 20X Crypto?
MIND of Pepe is a pioneering crypto project and is the first AI derivative of a major meme coin brand. It offers AI-driven opportunities for its native token holders and engages with the crypto community in a new way.
The project has attracted a huge following, with its presale closing on the $5 million milestone in less than a week.
Unsurprisingly, it has already been added to the “Upcoming Tokens” list on Best Wallet (BEST), a platform known for identifying red-hot tokens like Pepe Unchained (PEPU) and Catslap (SLAP), both of which experienced exponential rallies after their launch.
🚨 $MIND is Now Live in Upcoming Tokens! 🚨@MINDofPepe leverages the power of AI to help users identify new trends and exciting opportunities. The self-evolving AI agent interacts across platforms to deliver real-time updates.
Built on Ethereum, $MIND offers holders exclusive… pic.twitter.com/uyXFpYka5p
— Best Wallet (@BestWalletHQ) January 14, 2025
MIND of Pepe introduces an independent AI agent that builds its presence and shares its opinions across platforms like X, Discord, and Telegram. This AI actively engages with audiences, shares insights about meme coins. It also analyzes social media trends in real time and pinpoints successful strategies, discards ineffective ones, as well as adjusts its approach immediately.
Ascend. $MIND pic.twitter.com/beK97IgExn
— MIND of Pepe (@MINDofPepe) January 25, 2025
Currently, MIND tokens are priced at $0.0032144. Presale participants also have the opportunity to stake MIND and earn APY rates of up to 534%. These high rewards are made possible through the project’s allocation of 15% of its total token supply towards presale staking and rewards.
Buy MIND here before a price hike in 37 hours.
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