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Bitcoin’s fall on August 5, 2024, also known as Black Monday, saw more than $360 billion worth of crypto wiped out from the market. WienerAI (WAI), one of the most prominent tokens to have been listed after running a successful presale, also took the brunt of it.
Shortly after listing, a large red candle formed on the price chart, signifying a major drop of 86% for the WienerAI price.
However, a significant bounce then pushed the WienerAI price back up to its all-time high. With the MEXC listing today, can the AI crypto climb to new highs?
WienerAI Price Prediction – Rapid Decline Post Listing Before Bounce
WienerAI was one of the most successful presales this year. With over $8 million raised during the presale, the community anticipated that it would explode once it landed on decentralized exchanges.
The market conditions were looking promising initially, as WienerAI painted a green wick, indicating a 22% rise.
However, Bitcoin’s tumble to its $50k mark led to the WienerAI price drop. A rapid sell-off happened, with many investors cashing out their tokens, leading to a drop of more than 86%.
However, the terrible market conditions couldn’t hold the token down for long, as DEXTools shows that supporters rallied around the token, creating a bounce that led to a 595% increase in the WienerAI price. The token’s all-time high was $0.0008.
A correction soon followed. However, at the time of writing, WienerAI is trading around the $0.00045 level. Therefore, those who participated in the WAI presale during its first stage are still generating profit.
Jacob Crypto Bury, one of the leading crypto-centric YouTubers with over 41k subscribers, has given a deeper analysis of this price action
While he has expressed his bullishness around this project and has an optimistic view of how WienerAI price will go in the future, he has prefaced that by stating that those who staked their WienerAI tokens during the presale will get access to them on the upcoming Monday. That could lead to an influx of more sellers.
“There might be some selling pressure coming up,” the YouTuber said.
That said, not all conditions are adverse around WienerAI, as it’s arriving on MEXC soon.
WienerAI Listing on MEXC
Highlighting the revolutionary AI trading bot aspect of the project, MEXC announced that the token has arrived on the MEXC Kickstarter.
Kickstarter is a listing campaign on MEXC that a crypto project’s team initiates before launching the token. A certain requirement is set before the token gets listed. If the requirements are met, the listing process gets “kickstarted,” and participating users can win token airdrops.
.@WienerDogAI, a first-of-its-kind, revolutionary AI trading bot, is coming to #MEXCKickstarter 
Vote with $MX to share massive airdrops
$WAI/USDT Trading: 2024-08-08 12:00 (UTC)
Details: https://t.co/qiIoK9mj4Q pic.twitter.com/fAcOpjnEqI
— MEXC (@MEXC_Official) August 7, 2024
According to the tweet, trading for the WAI/USDT pair will commence today. A page has already been created and the timer has begun.
Can WienerAI Climb Higher?
Multiple positive attributes are working in WienerAI’s favor. The first one is what this project represents. The cybernetic canine, while not a novel concept, is implemented along with a strong utility in this case. This utility, an AI-trading bot, can attract more attention to what WienerAI has to offer.
The trading bot is designed to provide a GPT-esque interface to investors, who can then interact with the crypto market in a more nuanced manner. With additions like seamless sausage swaps and MEV protection, this token can get more support from the meme coin community.
The token’s social presence can’t be understated. WienerAI has over 17k followers on Twitter alone, and the number may continue to grow as the AI trading bot finally makes its entry.
This increase in followers may translate to more WAI buyers, boosting the WienerAI price.
That said, the market is still very volatile, and investors looking for early bird gains should consider buying presale assets like Base Dawgz.
Base Dawgz – Multichain Token With Many Upsides
Base Dawgz is a meme coin project developed on the Base blockchain. Its unique attribute is that through technologies like “Wormhole” and “Portal Bridge,” it can traverse through other chains, including Ethereum, Avalanche, Solana, and Binance Chain.
The multi-chain attribute aligns with Base Dawgz’s imagery to bring the entire crypto community together.
In addition to the unique multi-chain perks, Base Dawgz provides staking facilities, which offer huge returns. At press time, the APY for staking is upwards of 900%.
The token’s many quirks have gained the attention of Cryptonews, a crypto educational channel with more than 10k subscribers.
The host of this channel has talked about Base Dawgz potentially going 100x upon listing on cryptocurrency exchanges.
With so much hype around the project from influencers and cryptocurrency enthusiasts, including more than 5.5k followers on Twitter, Base Dawgz may likely ride the hype to increase in price once it makes its landing.
The project has raised more than $2.8 million in its presale and is available at a discount price of $0.0007414.
Visit Base Dawgz
*Cryptonomist did not write the article or test the platform.