This analysis from BeInCrypto explores the performance of these three altcoins highlighting the price targets for each of them.
Cookie DAO : endless rise
COOKIE is the native token of Cookie DAO, a decentralized autonomous organization (DAO) focused on indexing and analyzing data related to AI agents. The double-digit rise in its value over the past 24 hours has made it one of the most closely watched altcoins of the day.
After its listing announcement, COOKIE climbed to an all-time high of $0.82 this Friday morning. Even though its price has since corrected, it is still up 31.94% over the last 24 hours. This, with a very high exchange price, at $0.62. Over one month, COOKIE’s performance flirts with 1,000%.
The bullish trend is reflected by the token’s positive Chaikin Money Flow (CMF), which is currently at 0.20. This metric measures the flow of money into and out of an asset. When its value is above zero, buying pressure is high.
If this buying pressure continues, COOKIE could return to its very recent all-time high and exceed it. On the other hand, it could fall to $0.33 if profit-taking intensifies.
aixbt par Virtuals (AIXBT)
AI Agent altcoins are in vogue but particularly AIXBT today. While the rest of the market is experiencing a slowdown, its value has increased by 40% in the last 24 hours.
Analysis of its relative strength index (RSI) on the daily chart confirms the growing demand for the AI-based token. At the time of writing, it is at 62.43.
The RSI indicator measures the overbought and oversold market conditions of an asset. It ranges between 0 and 100, with values above 70 indicating that the asset is overbought and therefore likely to decline. Conversely, values below 30 suggest the asset is oversold and could rebound.
-At 62.43, AIXBT’s RSI shows that it is in an uptrend but still has room to reach overbought. If the current trend continues, AIXBT price could rise towards $0.90. However, if sentiment changes, the token’s price could drop to $0.45.
ChainGPT (CGPT) lands on Binance
CGPT is the native token of ChainGPT, an AI project designed for various applications related to blockchain and the world of cryptocurrencies. Today, ChainGPT’s native crypto saw a sharp rise in value with a listing on Binance. At the time of writing, CGPT is trading at $0.39, up over 75%. This price is also its highest price reached since the March 2024 ATH.
With trading volume rising sharply (2,770%), the altcoin is poised to extend its gains. In a bullish scenario, CGPT could attack its ATH of $0.56 which dates back to March 2024. With the AI and AI Agents trends being in vogue, the opportunity could soon present itself.
However, if the buying pressure weakens, its price could fall to $0.29, especially if $0.39 is not sustained.
Moral of the story: a Binance listing is the end of headaches for altcoins.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, this price analysis article is intended for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased information, but market conditions may change without notice. Always do your own research and consult a professional before making any financial decisions.
