$LNQ (Linq) Is the Standout AI Token This Market Cycle, Here's Why

In a market where few AI tokens have reached all-time highs (ATHs) this cycle, $LNQ stands out by achieving multiple ATHs.

While many AI tokens have struggled to reach all-time highs (ATHs) during the current market cycle, $LNQ has managed to achieve multiple ATHs.

Now, as $LNQ’s Stochastic RSI indicates an oversold position, another surge could be on the horizon.

The team behind $LNQ, @linq_ai, continues to expand its ecosystem, with recent announcements of both token burns and the launch of a new product called #Creatr. Additionally, the project has secured several new partnerships, further strengthening its position in the market.

Few AI tokens have made ATHs this market cycle and even fewer have made multiple ATHs. $LNQ falls in both categories and with its Stoch RSI currently highly oversold, a new one maybe in the offing. @linq_ai continues to develop its ecosystem and only recently announced the… pic.twitter.com/GCjBnIcGlz

— Bitcoin Ape (@bitcoinape_) September 2, 2024

Following its latest ATH in late July, $LNQ has experienced a slight pullback. However, the team’s dedication to reducing the token supply through strategic burns is a key factor to consider.

To date, they have burned over $2 million worth of $LNQ tokens, which equates to approximately $240,000.

But the most significant aspect is their pledge to burn the next six token unlocks, aiming to remove these tokens by January 2025.

Over 11% Of Circulating Supply Already Burned

To provide some context, over 22.6 million $LNQ tokens, or more than 11% of the circulating supply, have already been burned. If the team executes their plan, nearly 47% of $LNQ’s circulating supply could be burned by January 2025—assuming no new tokens are released into circulation. Considering the impact of these burns at the current token price, the financial implications are noteworthy.

$LNQ is the standout project in my portfolio, especially with their commitment to burning over $2 million (~ $240,000) worth of @linq_ai tokens.

The most exciting part is that they’ve pledged to burn the next 6 unlocks, aiming to remove these tokens by January.

If you do the… pic.twitter.com/gTIZMCKCYI

— Dark Knight 🦇 (@dark_knight_btc) September 2, 2024

This aggressive approach to token burns, coupled with the successful launch of products like Marketr and Creatr, highlights $LNQ’s potential to become a major player in the AI token space. The exceptional response to these products is just the beginning of what $LNQ is set to accomplish, making it a token to keep an eye on as the market continues to evolve.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: bborriss/123RF // Image Effects by Colorcinch