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Cryptocurrency News Articles
ai16z Coin – The First Venture Capital Firm Managed by AI Agents – Hits a New All-Time High
Jan 01, 2025 at 09:30 am
ai16z is the first venture capital firm managed by AI agents, leveraging artificial intelligence and collective expertise to make smart investment decisions.
The ai16z coin price hit a new all-time high of $1.86, surging by over 140% in the past week and over 40% in the past 24 hours. Its market capitalization has now surpassed the $2 billion mark.
However, sidelined investors would be better suited to wait for a better entry point. For instance, the token’s daily Relative Strength Index (RSI-14) is currently above 80, extremely close to entering the “overbought” territory.
While meme coins’ RSI could go up to 90 during bull markets, the risk-reward ratio suggests that sidelined investors should wait for a correction as whales and early buyers take profits.
For instance, ai16z is drawing comparisons to Virtual Protocol ($VIRTUAL) in its price action. The $VIRTUAL coin also rallied to a $1.8 billion market cap, followed by a nearly 30% correction to $1.3 billion.
Smart Money Investors Buy Meme Index, Wall Street Pepe
Smart money investors are already buying newer, low-cap meme coins that are similar to ai16z in their utility.
For instance, Meme Index (MEMEX) also utilizes community intelligence to help its holders make better investment decisions in the meme coin sector.
As the name suggests, it will offer the first-ever decentralized indexes for meme coins. In fact, investors will have their pick from the Meme Titan Index, Meme Moonshot Index, Meme Midcap Index and Meme Frenzy Index, each comprising tokens with different market capitalization and risk-reward ratio.
Crucially, the MEMEX community will vote to decide which meme coins are included in each basket.
The MEMEX presale has already raised over $1.3 million in a few days. With the success of the community intelligence meta, experts are now eyeing up to 100x returns from the meme coin.
Similarly, Wall Street Pepe (WEPE) has been in high demand, having already raised nearly $40 million in its ICO.
All WEPE members will be part of an exclusive group and receive cutting-edge market alpha in the upcoming bull market.
Similar to MEMEX, prominent investors are bullish on its upside potential, with many calling it the next 10x meme coin.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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