$DEAI, a raising star in the decentralized AI space, is showing significant movement with its Fully Diluted Valuation (FDV) surpassing $290 million and a market cap of $28 million.
A recent announcement from Zero1 Labs has fueled a 25% surge in $DEAI’s price over the past 24 hours.
Several key factors are driving this growth:
1. ZERO new token emissions for the next 12-16 months: This means no additional $DEAI tokens will enter the market during this period, reducing the risk of dilution and potentially increasing the value of existing tokens.
2. No impact from venture capitalists: With no VCs involved, there is minimal risk of large sell-offs that could drive down the price.
3. Launch of the FHE-based EVM Cypher chain: Scheduled for early 2025, this innovative blockchain technology promises enhanced privacy and security features, further solidifying $DEAI’s position in the market.
More Whale Wallets Buy $DEAI
The decentralized AI narrative is gaining traction, especially with Greyscale’s recent launch of an ETF focusing on this sector. Given that the ticker for Zero1 is $DEAI, there is a high likelihood of its inclusion in these ETFs, potentially driving further investment and interest.
According to data from iCrypto, an insider purchased $11.9K worth of $DEAI just 2-3 hours before the announcement, marking their first activity in two months. This timely move suggests confidence in the upcoming developments and a possible insider’s insight into the potential of $DEAI.
As the decentralized AI sector continues to gain momentum, $DEAI’s recent performance and strategic initiatives position it as a key player to watch in the coming months.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.