The Elon Musk Effect With ACT I: Up 90% – Don’t Sleep On The AI Meme Coin Meta

Following the initial remarkable surge driven by Binance’s listing, ACT price experienced a consistent decline. Yet, it took just one post from Elon Musk

Elon Musk’s recent post on X has sparked a wave of interest in AI coins, leading to a surge in prices for ACT I (ACT) and other related tokens.

The initial surge was driven by Binance’s listing of ACT, which resulted in a strong price increase. However, the price faced difficulties in sustaining the momentum and began to decline.

Despite the setback, a post by Elon Musk reignited interest in the AI coin meta. With a brief reaction to a screenshot from the ACT I Discord that mentioned OPUS (CLAUDE), Musk’s post acted as a catalyst for the price surge.

The price quickly soared, pushing ACT I’s market cap to $770 million before it faced some resistance and corrected down to around $710 million.

This sudden rise not only impacted ACT I but also sparked a broader trend in the AI meme coin sector. Projects on Solana, Base, and Ethereum experienced a collective price increase, each seemingly drawing inspiration from the same meta.

A recent discussion highlighted ARATA, an AI-focused launchpad on Ethereum. Despite being valued lower than its counterparts on Base (Virtual) and Solana (VVAIFU), ARATA finally saw significant movement, hitting an all-time high (ATH) of $13 million in market cap.

Discover: AI Agent LaunchPad Are Pumping: VIRTUALS And VVAIFU Pump – Is ARATA Is Next?

The Rise of ACT I: How Binance First And Elon Musk Later Ignited the AI Meme Coin Surge

(ACTUSDT)

Act I’s first pump is connected to its listing on Binance. You can clearly see the green candle caused by the listing. Since then, ACT’s luck has started to turn. After a predictable, strong correction that sent ACT down 55% from the ATH, Elon Musk’s reply on X restarted the hype around the AI meta.

The chart shows a clear resistance level at $800 million. This is the point where ACT I’s recent rally faced rejection, indicating strong selling pressure at this level. If ACT I attempts another rally; this will be the key resistance level to watch for a potential breakout. There is a notable support level at $395 million. If the price corrects further, this level could serve as a bounce point for a reversal.

The RSI (Relative Strength Index) is at 77.35, indicating that ACT I is in overbought territory, often preceding a pullback or consolidation.

ACT’s price action appears heavily influenced by external factors, but it has now captured the attention of thousands of potential new investors who closely follow Elon Musk’s activity. And it’s also evident that AI projects are at the heart of the current market excitement.

This $ACT revival is sending almost all solana AI meme coins. pic.twitter.com/oQMjSwPozW

— Byzantine General (@ByzGeneral) November 29, 2024

Crypto All-Stars: The Next Big Meme Coin with Passive Income Potential

Meme coins continue to captivate the market, and AI meme coins are leading the way. In the midst of this hype, a new project has emerged that aims to double your earnings from meme coin holdings: Crypto All-Stars and its innovative MemeVault.

Crypto All-Stars ($STARS) is more than just another meme coin—it features a unique staking platform that generates passive income for popular tokens like Dogecoin, Shiba Inu, and more. This concept has already attracted the attention of smart investors, evident in the $7 million raised during its ongoing presale.

The project’s presale has garnered massive attention, with many prominent analysts predicting a significant price surge once $STARS hits the open market. Anticipation builds as listings on CoinGecko and CoinMarketCap are expected soon, and there are even rumors of a possible Binance listing.

However, the real game-changer here is Crypto All-Stars’ MemeVault, a multichain meme coin staking protocol that allows users to earn passive income on a variety of meme coins, all in one place. The current staking APY is an impressive 295%, with opportunities for even higher rewards for those holding more $STARS.

With the presale concluding and the price currently at $0.001645, now is the optimal time for investors to join before $STARS hits the exchanges.

Don’t miss out! Head over to the Crypto All-Stars presale site and secure your $STARS now before the price takes off.

Visit STARS Here

EXPLORE: Is Solana Preparing For a 400% Rally? Will SOL Price Hit $1,000?

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