AICORE Drops 21.5%
AICORE registered a loss of 21.5% in the last 24 hours. The emergence of massive red candles created step-like patterns on the price chart, with the token’s value declining and stabilizing for a few minutes before falling again. However, its market capitalization hasn’t been affected despite a 31% drop in its trading volume. At 6:30 a.m. EST, AICORE was priced at $4.08.
What is AICORE?
According to its official website, AICORE is a native crypto for the BullBear ecosystem. The project is an AI-driven blockchain ecosystem built on Arbitrum to predict bull and bear markets by analyzing user behaviors and patterns. The ecosystem has partnered with AXEN, an AI-based utility token, and Yuliverse, a metaverse game. The DeFi ecosystem was launched on the 17th of August and went on its first bull rally short afterward, peaking at around the $27 mark.
AICORE Price Analysis
Due to being a recently released token, AICORE is not currently tracked by Tradingview. It is only available on two cryptocurrency exchanges – MEXC and Uniswap. The following chart has been taken from the latter. The hourly chart shows the token consolidates just above the $4 mark. However, given that the current RSI is 37 (purple) and the MACD is negative, there is a significant chance that this asset will drop inside the oversold zone. Once it does, it may receive a bounce, which could spell good news for this asset in the short term. However, how far up it goes will depend on how the community perceives it. The long-term prospect of this token will depend on the developments it has been going through.
AI is a better Alternative – SONIK
Sonik is a presale crypto inspired by Sonic the Hedgehog. While this memecoin project isn’t affiliated with the video game character, it adds a comedic spin to it by creating graffiti-like imagery and using “speed” as the inspiration to move forward. Sonik’s primary goal is to become the fastest token to reach a $100 million market capitalization, for which it has adopted the perfect combination of memes and utilities. In terms of utility, Sonik Coin offers Stake-to-Speed, a staking program through which SONIK holders can earn impressive APY by holding the token for seven days. The project has dedicated 40% of its total supply of tokens to the staking pool and plans to distribute them over the next four years.
Hot Take
AICORE’s recent drop of 21.5% raises concerns about its future performance. While the market capitalization has not been significantly affected, the token’s price chart shows a bearish dominance. However, the release of AICORE’s upcoming elements, AINFT and AICHAIN, could potentially change its trajectory. As for SONIK, its unique combination of memes and utilities aims to make it the fastest token to reach a $100 million market capitalization. The project’s staking program and cultural inspiration may attract investors and contribute to its success. Overall, both AICORE and SONIK offer intriguing opportunities in the crypto space.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
