This Christmas has brought some extra gifts to the world of cryptocurrencies, with many tokens, especially in AI and DeSci (Decentralized Science) agents, seeing big jumps in value. One of the biggest winners has been the A16Z-inspired cryptocurrency ai16z, which has seen its market capitalization rise above $1 billion. It seemed like a perfect holiday surprise.
Decentralized autonomous organization (DAO) AI16Z has grown 50% in the last week and more than 13% in the last 24 hours. Its market capitalization now stands at $957 million, after hitting $1.04 billion a few hours earlier.
In short, ai16z stands out as the first venture capital DAO driven entirely by AI agents. Its lead agent, @pmairca, is at the helm and leverages artificial intelligence and collective decision making to personalize investment strategies. The project is based on the Eliza framework, an open source platform that allows artificial intelligence agents to analyze data, develop strategies and manage investments autonomously.
Whale accumulation pushes AI16Z to new highs
2 whales bought more than $ai16z today. #ai16z
E9uD…Y9cf bought 3.09 million $ai16z ($2.46 million) 2 hours ago.
Whale bought $18.7 million ai16z ($15.72 million) at ~$0.45 over the past month, resulting in an unrealized profit of $7.36 million.https://t.co /CBN4YKHWqk
6gqH…dyDo bought 1.4 million $ai16z($1.27 million) 15 hours… pic.twitter.com/CNuDRdzBtz
—Lookonchain (@lookonchain) December 26, 2024
Recent whale purchases highlight strong market confidence. One Whale purchased over $2.4 million, bringing its holdings to 18.7 million tokens, worth $15.72 million, with an average purchase price of $0.45 and unrealized profits of 7.36 million dollars.
Another whale purchased 1.4 million tokens for $1.27 million, for a total of 7.2 million tokens purchased at $0.68, earning $1.13 million in unrealized profit.
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AI16Z Price Analysis: Is This AI DAO Crypto About to Skyrocket?
(AI16ZUSDT)
The price chart for Ai16z continues to indicate an upward trajectory. A robust support level has been established around the $864 million mark, a zone that has been tested several times during the recent consolidation phase, proving its reliability. On the other hand, resistance is evident near the $1 billion level, where the price rose briefly before experiencing a slight pullback.
The 30-period moving average, currently at $901 million, is a dynamic support level. The price consistently trading above this average underlines the prevailing bullish momentum. Meanwhile, trading volume showed notable growth during price increases, in line with the whale buildup.
The whale accumulation is still strong. Another investor recently withdrew $SOL5,291 ($1 million) from Coinbase Prime to purchase another 1.13 million $ai16z tokens just an hour ago. Over the past month, this whale has accumulated a total of 19.83 million $ai16z tokens worth $17.82 million and over $8.4 million in unrealized gains.
Clearly, AI16z is on track to reach the $1 billion market cap again and likely go beyond.
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