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AI Crypto Coins Surge: BUZZ, BOTIFY, FREYA

AI Crypto Coins Surge: BUZZ, BOTIFY, FREYA

Cryptocurrency News

Several artificial intelligence (AI) cryptocurrencies experienced significant price increases this week. Hive AI (BUZZ), BOTIFY, and Freya (FREYA) stand out as top performers. This analysis examines their recent performance and market prospects.

Hive AI (BUZZ)

BUZZ, the token powering the Hive AI network of crypto AI agents, saw a 58% increase in the past seven days. Its market cap reached $145 million. Hive AI aims to provide AI-driven tools for tasks such as portfolio management, risk analysis, and sentiment analysis. The project describes itself as a "ChatGPT for Crypto." BUZZ briefly reached an all-time high above $0.18, briefly pushing its market cap to $187 million.

Price Analysis: Continued bullish momentum could push BUZZ back above $0.18. However, a weakening trend could lead to support tests at $0.124 and $0.111, with a possible deeper correction to $0.057 if those levels break. Price Analysis for BUZZ.

Price Analysis for BUZZ. Source: TradingView

BOTIFY

BOTIFY, built on the Solana blockchain, aims to be a central marketplace for AI agents, similar to Shopify for e-commerce. Users can create and commercialize their AI agents within the platform. BOTIFY experienced a remarkable 74% surge in the last seven days, with its market cap reaching $40 million and daily trading volume at $5 million.

Price Analysis: A continuation of the uptrend could push BOTIFY beyond $0.050, possibly to $0.060. However, a break below the $0.031 support could cause a significant correction. Price Analysis for BOTIFY.

Price Analysis for BOTIFY. Source: TradingView

Freya by Virtuals (FREYA)

FREYA, launched two months ago on Base chain and operating on the Virtuals Protocol, saw a 47% price increase in the last seven days, reaching a market cap of $21.5 million. However, a recent 40% correction in the last two days indicates potential market volatility. Daily trading volume remains below $1 million.

Price Analysis: A return to bullish momentum could push FREYA near $0.05. A more significant correction could lead to support testing at $0.025, potentially falling to $0.0135 if that level fails. Price Analysis for FREYA.

Price Analysis for FREYA. Source: TradingView

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Market conditions are volatile. Conduct thorough research and seek professional advice before making investment decisions.

Codeum Note: Codeum provides comprehensive blockchain security and development services, including smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies. For secure and reliable blockchain solutions, contact Codeum.

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