As a crypto investor, I’m thrilled about Binance Futures’ latest announcement – the launch of three new perpetual contracts with up to 75x leverage, effective from January 7. The exciting new assets are COOKIEUSDT, ALCHUSDT, and SWARMSUSDT, all AI-driven tokens that have seen significant price spikes following the announcement, making me eagerly await their future performance.
The launch of the contracts will occur gradually: At 11:30 UTC we’ll see COOKIEUSDT, followed by ALCHUSDT at 11:45 UTC and finally SWARMSUSDT at 12:00 UTC. Each token will include a funding rate of +2.00% or -2.00%, and the fees for this will be settled every four hours.
This move marks Binance’s expansion in the rapidly growing intersection of AI and cryptocurrency.
Surge in Token Values
1 Token soared significantly in value within mere hours of the announcement. Specifically, COOKIE – the cryptocurrency associated with Cookie DAO – experienced a 16% spike over the past 24 hours, reaching a value of $0.653 per token. This upward trend led to an 18% growth in its market cap, currently standing at a impressive $104 million.
Cookie Decentralized Autonomous Organization (DAO) excels at collecting and organizing data generated by artificial intelligence agents on various blockchain networks and social media platforms. This data is presented in real-time, empowering users with valuable insights to make thoughtful choices within the rapidly changing AI and Web3 marketplaces.
In a significant jump, Alchemist AI’s native token ALCH increased by approximately 24% and is now being traded at around $0.194. With a market capitalization of over $165 million, the token’s trading volume for the past 24 hours has experienced a substantial rise of about 30%, peaking at around $127 million.
With Alchemist AI’s user-friendly no-code development tool, people of all skill levels can conveniently produce customized apps, whether it’s for practical use or entertainment like games. No prior coding knowledge is required!
It seems that the price fluctuations for the SWARMS token were quite significant. Reaching a market capitalization of over $600 million, it momentarily spiked to $0.61. However, it eventually stabilized at $0.49, marking a 40% increase within just 24 hours following Binance’s announcement. Moreover, the token experienced an impressive 151% surge in its daily trading volume, currently standing at approximately $372 million.
SWARMS is a Solana-powered, decentralized initiative that provides AI-driven agents, suggestions, and resources. Since its recent addition to CoinMarketCap, the token’s worth has significantly increased by approximately 200%.
AI Tokens Growth
The significant increase in these digital assets indicates a broader growth trend in the AI sector, as the combined market value of AI-related tokens reached an impressive $59.4 billion on January 7th. To give you an idea of the scale, the meme coin sector, which predates AI coins in crypto, currently boasts a market cap of $115.6 billion.
A number of experts, such as Haseeb Qureshi from Dragonfly Capital, predict that AI-based tokens could surpass meme coins in terms of performance by the year 2025. With major platforms like Binance continuously enlarging their AI services, the future of this field appears to be more and more optimistic.
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2025-01-07 16:00