Memecoin AI: ACT Token Skyrockets Over 1000% After Listing

Bittime - The AI-based ACT token surged more than 1000% after being listed on Binance. This article reviews the price surge of ACT memecoin and the factors that influenced its movement in the market.

ACT token, a memecoin based on AI technology and Discord servers, recently stole the show after registering a surge of more than 1,000% post-listing on the Binance platform.

ACT Token first appeared on the market under the name “Act I: The AI Prophecy,” capitalizing on investor interest in memecoins while integrating AI innovation in the form of an interactive chatbot.

ACT, as a Solana-based “memecoin AI,” displayed a remarkable rise after being listed on Binance and Crypto.com, taking the market by storm with a rapid increase in market capitalization.

Spike in ACT Memecoin Price and Market Capitalization

ACT token was launched on October 19 with a market capitalization of around $20 million, but it managed to surge dramatically to reach $422 million thanks to high trading volume.

On Binance, ACT's trading volume was recorded at $60 million, while on the decentralized exchange Raydium, trading volume touched $293 million.

These trading totals pushed ACT's market capitalization to a new high, with the overall volume demonstrating the crypto community's high enthusiasm for the AI-based token.

Also read: What is Kleo Network: How Does It Work?

ACT: Discord Server-Based AI Memecoin

ACT token carries a unique concept by relying on a Discord server equipped with an AI chatbot. In this server, users can interact with a bot that has the ability to discuss and answer questions, providing a different experience than just ordinary memecoins.

The AI chatbot is managed by a community on the X platform (formerly Twitter), which provides an interaction space for users to explore the bot's features while increasing engagement in the ACT token ecosystem.

However, one of the founders has decided to sell most of his assets in ACT, which shows how high volatility still characterizes this memecoin.

High Volatility in ACT Token Trading

As is typical of memecoins, ACT also has high volatility and low market depth, making price movements very sensitive to trading volume.

Data from CoinMarketCap shows that the two percent market depth on Binance for ACT stands at $93,000 on the negative side and $214,000 on the positive side. This means that a market sell-off of $100,000 can instantly move the price by more than 2% to the downside.

This situation creates high opportunities for speculators, although it also increases risks for long-term investors.

The Future of AI Memecoin and the Potential of ACT Token

With its success in surpassing a market capitalization of $400 million, ACT shows how innovations in crypto can attract widespread attention in a short period of time.

Besides ACT, Binance has also listed other conventional memecoins, such as PNUT, which has a market capitalization of $450 million. However, ACT's uniqueness in combining AI and community interaction makes it an attractive option amid the memecoin trend.

ACT token has proven that interest in memecoins based on AI technology is on the rise, with a significant influence on crypto market dynamics. Interested investors should remain wary of volatility, but the potential for ACT tokens in this increasingly digitized crypto world is exciting to follow.

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