WienerAI ($WAI) Surpasses $6M in Presale, Tackles AI Trading Pitfalls

$WAI's AI inventiveness and lovable wiener mascot could see it overtake other AI meme coins like Turbo ($TURBO), which is up 26% in the past day.

Investors are showing increasing interest in WienerAI ($WAI) as it recently surpassed $6M during its presale, following the upcoming launch of its AI trading bot designed to simplify crypto trading.

With $WAI’s AI inventiveness and its lovable wiener mascot, it could overtake other AI meme coins like Turbo ($TURBO), which is up 26% in the past day.

The AI token is currently $0.00072 (it will increase tomorrow), giving early supporters a chance for substantial gains before listing on major CEXs, as mentioned in Step 3 of its roadmap.

AI-Crypto Market Cap Surges to $29.97B

The crypto AI sector is seeing significant growth. Grand View Research estimates that the AI industry will surpass $1.8B by 2030.

According to CoinGecko, the AI coin market cap has increased by 14.5% in the last 24 hours, reaching $29.97B.

Google Trends has also highlighted a significant increase in AI-related searches in the last year. This might suggest that machine-learning tech has become mainstream.

AI-Powered Crypto Coins on the Rise

Despite the crypto market’s decline, AI technology continues to gain popularity and several AI crypto projects are showing remarkable resilience.

$TURBO is up by 21% in the last 24 hours (currently $0.0053), with a market cap of $342M (up 20%).

The $114M total transactions in the last 24 hours and the project’s use of AI may have contributed to this growth.

SingularityNET ($AGIX) has also spiked to $0.68 (+27%), reaching a market cap of $869M and a 24-hour trading volume of $217M (+152%).

$AGIX facilitates the large-scale monetization, development, and sharing of AI technologies, which might be contributing to its trading activity rising by 152% to $217M over the past day.

Other AI cryptocurrencies that have pumped over the last 24 hours include:

$LMWR (+19.71%)

$AGI (+19.32%)

$FET (+15.90%)

$OCEAN (+14.69%)

$DUEL (+12.81%)

AI Trading – Rewards and Risks

AI has the potential to innovate trading strategies through authenticity, augmentation, and automation.

The appeal of AI trading lies in its ability to identify patterns, analyze large amounts of data, and execute trades more efficiently and effectively than we can.

However, AI trading bots aren’t a solution to everything, particularly for those new to crypto trading and less tech-savvy.

Investors might place too much trust in AI systems, neglecting their due diligence when making investment choices. This could lead to financial losses.

Here’s an overview of AI trading bots:

Trading Bot Pros

Executes trades quicker than humans

Removes emotional bias

Identifies complicated crypto market trends

Automatically analyzes historical data

Trading Bot Cons

Changes during updates might impact real-time data accuracy

Ethical concerns about their impact and use

Risk of bugs and connectivity issues

Don’t always provide helpful responses

WienerAI addresses some of these by utilizing the robust Web3Toolkit, future-proofing the project and increasing investor confidence.

WienerAI Tackles AI Pitfalls

WienerAI’s AI-enhanced trading tool has an ‘instant, predictive, and user-friendly’ interface. The developers recently gave users a sneak peek of its ‘ultimate crypto trading companion’ on X.

The social media post explained how its trading bot is built with ‘simplicity in mind’ and helps find ‘winning trades with unrivaled accuracy.’

Users can easily track their positions and swap histories via the ‘easy-to-use user interface.’ This lets them verify their transaction records and build an optimal trading strategy.

WienerAI’s presale has raised over $6M since going live on April 24. $WAI is currently worth $0.00072 – 82.35% greater than the token’s starting price of $0.0003.

To date, 5,478,993,177 $WAI out of 69B of its total token supply has been staked, with a 189% APY.

$WAI’s tokenomics emphasize long-term growth and early investor earnings through the 40% allocations to staking and community rewards.

Investing $100 for 138,888 $WAI at the current 189% APY would