AI Companions (AIC) Token Surges 33%, Forming Bullish Flag Pattern

AI Companions (AIC) rose to a high of $0.1070, up by over 33% from its lowest level this month, pushing its market cap to over $88 million.

AI Companions (CRYPTO: AIC) enjoyed a four-day rally, reaching its highest level since Oct. 1.

What Happened: AI Companions rose to a high of $0.1070, up 33.3% from its lowest point this month. At last check, the token had a market cap of $88.1 million.

The surge comes amid a rally in artificial intelligence stocks. Among the most popular, Nvidia (NASDAQ:NVDA) rose to a high of $140.80, marking the highest swing on record, pushing its valuation to over $3.36 trillion.

Among other companies, Palantir (NYSE:PLTR) shares soared to $44.4, up 183.3% from its lowest point this year. Other firms like Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), and Meta Platforms (NASDAQ:META) also enjoyed rallies.

Similarly, most AI cryptocurrencies enjoyed rallies, with Bittensor (CRYPTO: TAO) and Akash Network (CRYPTO: AKT) among those to have surged.

AI Companions token also rallied following its listing on Gate.io, among the top centralized exchanges in the industry, which handled tokens worth $1.4 billion in the last 24 hours, according to CoinMarketCap. The listing provides access to millions of customers.

Developers of the token hinted at more centralized exchanges listing the token soon. Among the potential exchanges could be Binance, considering AI Companions is built on Binance’s BNB Smart Chain.

AI Companions’ developers are using technologies such as virtual reality, augmented reality, and AI to bring the fast-growing virtual companionship industry to the mainstream.

Recent studies have shown the concept of virtual AI-powered companions is rising as the loneliness epidemic continues. These virtual platforms can interact with users, responding to queries and cracking jokes.

The New York Post highlighted a person who was spending $10,000 a month on AI girlfriends.

In a post in April, Greg Isenberg, a tech investor, predicted that a company that builds the AI version of Match Group (NASDAQ:MTCH) would command a $1 billion valuation.

The market cap for Match Group is $9B. Someone will build the AI-version of Match Group and make $1B+.I met some guy last night in Miami who admitted to me that he spends $10,000/month on "AI girlfriends".I thought he was kidding. But, he's a 24 year old single guy who loves… pic.twitter.com/wqnODwggAI

AI Companions Forms Bullish Flag: On the four-hour chart, it can be observed that the AIC token moved sideways over the last few days.

The token moved above the 25-day moving average and formed a bullish flag pattern. This pattern consists of a long vertical line and a rectangle pattern.

AI Companions moved slightly above the key resistance point at $0.1030, which was the highest swing on Oct. 9.

With the move, the token is likely to enjoy a bullish breakout, with the next point to watch being $0.1500, which was the highest point in September and 45% above the current level.