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Cryptocurrency News Articles

NIKO Perfectly Embodies This Trend: AI Agents Run Amok

Nov 16, 2024 at 04:37 am

As crypto continues to accelerate, breaking new records and surpassing ATH after ATH, it’s hard keeping up with the action.

NIKO Perfectly Embodies This Trend: AI Agents Run Amok

As crypto continues to accelerate, breaking new records and surpassing ATH after ATH, it’s hard keeping up with the action. Coins that didn’t exist a fortnight ago are now blue chips with $1B+ valuations and multiple CEX listings. That’s how fast the industry is moving and new TON token NIKO perfectly embodies this trend.

Despite launching scarcely more than 10 days ago, NikoAI has already made it to the big league, blowing past a $100M cap and is still running. At the time of writing, it’s valued at $127M, having risen by 30% after listing on MEXC on November 14. It’s part of a new wave of memecoins that take the form of AI agents, making them sentient free spirits that can dictate their own destiny. It’s every bit as strange as it sounds.

DWF Labs Gives NIKO Its Blessing

There are many indicators that can be used to identify a coin that’s going the distance, but one of the surest is when DWF Labs receives a tranche of its supply. This generally means that the multi-disciplinary trading firm and investor has been enlisted to provide market making services, as tracking service Lookonchain was quick to spot.

It’s believed that DWF’s involvement also extends to having made the asset part of its portfolio, particularly given Andrei Grachev’s cryptic comments about TON’s memecoin season just getting started. He may have a point, to be fair, given the spate at which new tokens are emerging on TON and rapidly being elevated to the big league. NIKO may be the flavor of the week, but there’s more where that came from.

AI Agents Run Amok

The dominant trends in crypto this year were Bitcoin ETFS, liquid staking, and memecoins. Next year will be all about AI agents, which are fast making inroads into crypto as can be seen by the latest crop of tokens that are driven by AI operators.

Operating as autonomous software programs, AI agents can make decisions and execute actions to achieve specific objectives – such as posting on X and promoting their own token. They operate with minimal human intervention, adapting to new information and learning from experiences to enhance their performance over time. NIKO joins the likes of GOAT, CHAOS, and ZEREBRO in showcasing the extraordinary capabilities of AI-powered tokens.

Significantly, NIKO emerged from TONPump, the pump.fun-style memecoin launcher for The Open Network. While it was created by an experienced team in the form of HOT Protocol, NIKO demonstrates the egalitarian nature of coin creation these days: anyone can launch a token that stands a roughly equal chance of graduating from the trenches to become a multi-million dollar asset.

If it can happen to NIKO in 11 days, it can happen to any token that hits that sweet spot where it resonates with enough traders to evolveinto a fully-fledged community coin. For as long as the crypto market remains in full-blown bull mode, the sky’s the limit as the best memecoins are propelled to new heights.

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