Key Takeaway:
- The recently launched ACT token surges 2677.78% in the market in 5 days.
- With the sudden growth spurt, the market capitalization of the token climbs over $790M.
- The market sentiment of the token remains “Bullish” with the coin now ranked #96 in the crypto market.
Act I The AI Prophecy (ACT) is commonly known as Act I. With an astounding growth rate of 2741.37%, the coin has created a huge surge during the last 3 days in the market. ACT is an open-source and decentralized platform that is powered by AI, which aims to revolutionize the field of decentralized finance and artificial intelligence. In this article, we will look into the ACT coin’s current market standing, the factors that influenced the sudden spike, and how the coin will perform in the coming days.
ACT Current Market Standing
The coin is currently ranked #96 based on its market capitalization. ACT is currently trading at $0.8764 with an uptrend of 47.48% in the last 24 hours. The coin was first listed on the 23rd of October with an initial price of $0.01560343. Since then, the coin has gained a huge amount of ground in the crypto market. The lifetime growth rate of the coin now stands at 3368.24% as of today, 14th November. With a circulating supply of 948.25 million, the coin’s market capitalization now stands at $792.32 million (at the time of the article’s writing).
The coin first started its bull run on the 11th of this month. At that time, the coin was trading at $0.02135. From there, the coins shot straight up and increased over $0.8764 in the market. When you consider a single coin, this digit may seem a little;e bit small, but those who bought the coin in bulk have made a huge profit from it.
The coin aims to revolutionize the blockchain world through an AI-integrated platform and has huge potential in the market. If the market trends continue to favor it, we may yet see a surge in its market value in the days to come.
Factors Behind ACT Sudden Surge
The ACT coin is the latest Solana meme coin to pump. The token has surged above 2,500% in the last seven days. This surge was following the coin’s listing on major exchanges like Binance and crypto.com. Following the announcement, the trading volume of the coin surged at an exponential rate, causing the coin’s market capitalization to shoot past a whopping $600 million.
The coin reached its all-time high of $0.720325 on November 13. Its rapid price rise has made it one of the week’s top-performing cryptocurrencies in the market. It has overcome many prominent cryptocurrencies like Dogecoin to achieve this feat. However, the coin’s liquidity may pose a risk in the future.
ACT Price Prediction
Based on expert opinions and with the help of numerous tier-1 market analysts, we have put together a price prediction table for both the short and long-term periods in the market. Kindly refer to it if you want to gain insight into the coin’s future.
Short-Term Price Prediction Table
| Date | Average Price |
|---|---|
| 14 Nov, 2024 | $ 0.88121 |
| 15 Nov, 2024 | $ 0.880238 |
| 21 Nov, 2024 | $ 0.880944 |
| 14 Dec, 2024 | $ 0.883657 |
Long-Term Price Prediction Table
| Year | Average Price |
|---|---|
| 2024 | $ 0.880121 |
| 2025 | $ 0.94127 |
| 2026 | $ 0.970333 |
| 2027 | $ 1.01885 |
| 2030 | $ 1.179446 |
Is it a good time to invest in the ACT token?
The market sentiment of the ACT coin is currently “Bullish”. Based on the experts of various marketing experts and analysts, the coin is expected to rise by 230.51% and reach $2.06 by the first half of December. The coin is currently ranked #12 in the Meme Coin market, #6 in the AI Crypto sector, and #8 in the Solana ecosystem.
The coin currently recorded 9/21 days to be green with the Fear & Greed index indicating 88 with a 43% price volatility as per the last 21 days. This symbolizes Extreme Greed. Based on this forecast, this may be an ideal time to invest in the ACT coin.
However, you should keep in mind that the crypto market is an extremely volatile place. So, if you’re considering investing in the coin, it is better to conduct thorough research about the trends in the market before proceeding.
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