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AI Tokens Are Heating Up! Story’s IP 25% Pump Is Just The Start If…
The cryptocurrency market has been witnessing a surge in recent times, with altcoins leading the charge. AI coins have not been left out of this rally, with Story Protocol (IP) taking center stage by pumping a whopping 25%. This comes as a testament to its growing popularity and potential for further growth.
According to an earlier analysis from AMBCrypto, the altcoin season may just be getting underway. The market’s current trend suggests that AI tokens could continue their upward trajectory, with IP potentially breaking new highs if certain conditions are met.
The token’s 25% gain is impressive by any standard. To put this into perspective, the entire cryptocurrency space has been experiencing an uptrend over the past few days. It is essential to note that this surge in popularity may not be a one-day event. In fact, the data suggests that this rally could continue as more investors and traders jump on the AI token bandwagon.
IP’s current market position offers several crucial insights into its future potential. Notably, the chart indicates that the token has broken above its previous resistance point of $7. This is a significant development that signals possible further gains in the near term.
Another critical aspect to consider is the liquidity zone and chain activity data provided by Story Scan. This information indicates that IP’s on-chain deployments have seen an increase over the past two weeks, with a total of 2,742 new contracts confirmed. The cumulative completed transactions for IP were 34.907 million, with active accounts numbering below 10,000.
These developments suggest that this token is not just experiencing a one-day pump but rather a more sustained upward trend. It’s crucial to assess the current market dynamics to determine whether or not IP will continue its growth.
Source: ambcrypto.com
