The TARS AI price soared 39% in the last 24 hours to trade at $0.011 as of 03:53 a.m. EST on trading volume that dropped 164% to $1.3 million.
This comes after VanEck became the first fund manager to apply to launch a spot Solana ETF (exchange-traded fund) as it aims to widen investors’ cryptocurrency options.
I am excited to announce that VanEck just filed for the FIRST Solana exchange-traded fund (ETF) in the US.
Some thoughts on why we believe SOL is a commodity are below.
Why did we file for it?
A competitor to Ethereum, Solana is open-source blockchain software designed to… pic.twitter.com/XwwPy8BXV2
— matthew sigel, recovering CFA (@matthew_sigel) June 27, 2024
After the news, major tokens in the Solana blockchain soared along with the network’s native token, SOL.
TARS AI, being an AI-driven scalable Web3 modular infrastructure platform on the Solana blockchain, was among the big winners, soaring at one point yesterday from the $0.13 support level to $0.22 resistance level, a 74% increase, data from GeckoTerminal shows.
The approval of spot Bitcoin ETFs earlier this year, and the anticipated approval of spot Ethereum funds early next month, are sparking a wider acceptance for crypto assets.
TARS AI Price Could Retrace Further To The $0.16 Support Zone
TAIUSD Chart Analysis Source: GeckoTerminal.com
After hitting its resistance, the TARS AI has been on a downtrend, falling below the lower boundary of the bullish pennant pattern.
The recent downtrend has driven the price of TARS AI to trade slightly below the 50-day Simple Moving Average (SMA). However, TAI still trades above the 200-day SMA, which shows that the price could still soar above the pennant.
Moreover, the Relative Strength Index (RSI) is dropping from the 50-midline level to currently trade at 31, showing that the asset is under intense selling pressure.
If the bears sustain this pressure, the TAI price could retrace further to $0.16 support, which coincides with the 200-SMA.
However, with the asset being oversold, bulls could start accumulating, possibly pushing the token towards the bullish pennant, currently targeting $0.23.
As the TARS AI price continues to soar, AI meme coin hunters are turning their attention to WienerAI (WAI), which has recently surpassed $6.5 million in funds raised in its presale.
Crypto analyst and YouTuber Cilinix Crypto, with 64.3K subscribers, says he is very bullish on $WAI.
WienerAI Presale Hurtles Past $6.5 Million – Best AI Meme Coin To Buy Now?
WienerAI (WAI) is gaining a loyal following among meme coin fans and AI lovers.
We've raised $6.5M and this Wiener is not stopping! 🌭🚀
Join the WienerAI revolution and experience the unstoppable power of AI-driven trading 💪🤖💰 pic.twitter.com/ZiErtN1uvV
— WienerAI (@WienerDogAI) June 27, 2024
The project plans to introduce a trading bot that uses predictive technology and a user-friendly interface, offering holders trading signals on when to buy and sell crypto.
UPGRADE your trading strategy.
The WienerAI Trading Bot will be your trusted trading companion, leveraging AI to make savvy and predictive moves in a dynamic market. pic.twitter.com/uYCRAWRd2N
— WienerAI (@WienerDogAI) June 1, 2024
Token holders can also earn passive income through the platform’s staking option, which offers an annual percentage yield (APY) of 174%.
The WienerAI project has some similarities with the success of another recent presale called Scotty the AI (SCOTTY), which raised over $10 million.
If you are interested in participating in the presale, you can buy the token for $0.000723. But hurry as the price will increase in about two days.
You can buy WAI tokens on the official website here using ETH, BNB, USDT, or a bank card.
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