Breaking through adversity: the unique concept and potential market value space outlook of $ACT
依始2024/11/12 09:33
By:依始
I. Project introduction
The AI Prophecy (ACT) is a Meme token based on the Solana blockchain, with a maximum supply of nearly 1 billion. The project calls itself a decentralized research laboratory, focusing on exploring the dynamic interaction between diverse humans and diverse AI. Its core mission is to democratize AI knowledge and make it easily accessible to everyone. ACT is committed to breaking down barriers to AI understanding, promoting AI education and ethical topics through community-driven programs, resource sharing, and discussions.
Since its establishment, ACT's development has gone through twists and turns, especially after the developer Amp's sell-off event caused community dissatisfaction. Amp originally held 6% of the tokens as start-up capital, but made profits from multiple sell-offs and ultimately chose to withdraw from the project and clear all tokens. Since then, the ACT community has not disintegrated due to Amp's departure, but has shown stronger cohesion, continued to promote project progress, obtained more than $1 million in project funding, and transformed into a fully community-driven project. The ACT community also stated on its official website that it will focus on sharing and educating AI knowledge in the future, promoting the development of the AI field.
Bitget was the first to mine and list ACT, and then the news that ACT was listed at the top of the industry caused a market frenzy, causing its price to skyrocket tenfold and its market value to rise to hundreds of millions of dollars, becoming one of the AI concept Meme coins that have recently attracted much attention. The narrative of ACT combines the two popular themes of AI and cryptocurrency. As an innovative Meme token of "AI + Crypto", it is not only the focus of market speculators, but also has unique significance in promoting the popularization of AI knowledge.
Ⅱ.Narrative Description
The narrative of The AI Prophecy (ACT) is like an adventure in the crypto world - starting from its early idealism, ACT constantly experiences trust tests and market fluctuations. Its story begins with a simple but profound vision: to make AI knowledge accessible, build a decentralized, community-driven AI research laboratory, and uncover the mystery of artificial intelligence for people.
The early days of this project were quite dramatic. Developer Amp initially held 6% of the token supply and claimed to support the growth of ACT. However, this idealistic color was quickly diluted by reality. As Amp frequently sold tokens with community support, some early followers felt betrayed. The community fell into a brief downturn, and the future of ACT seemed bleak. However, it was at this turning point that the community showed resilience and belief, and ACT quickly emerged from the founder's shadow and completely transformed into a community-driven project focusing on the democratization of AI knowledge.
When the industry leader announced the launch of ACT, the market's frenzy was instantly ignited, and the coin price rose sharply. For many community members, the price fluctuation of ACT has surpassed the symbol of wealth, carrying a deeper consensus - the integration of technology and encryption culture can promote new educational methods and prevent AI knowledge from being monopolized by a few people. The story of ACT is a subversion of traditional technology dissemination methods. There is no single leader or preset roadmap. The ACT community is firmly moving forward on this cutting-edge exploration path with common passion and belief. Here, AI and Crypto are no longer cold technologies, but an experiment of global knowledge sharing. The ACT community is firmly committed to this mission, continuously creating value and driving consensus in a decentralized way, paving a unique path for their own encryption.
III. Market value expectations
The AI Prophecy ($ACT), as an artificial intelligence concept meme coin, quickly attracted market attention with its unique decentralized AI knowledge dissemination mission and community-driven development model. Currently, the unit price of the $ACT token is 0.55238 dollars and the circulation is about 948 million coins. Its circulating market value is $535.65M, and the fully diluted market value (FDV) is $523.79M.
Benchmark project type and market value expectations:
Gospel of Goatse ($GOAT) - Meme coin released by artificial intelligence
Token unit price: 0.8101 dollars
Market capitalization: $800.73M
If the circulating market value of $ACT is the same as $GOAT, the token unit price is about 0.845 dollars
Increase: + 52.9% of current price
Render ($RENDER) - a provider of decentralized GPU-based rendering solutions
Unit price: 7.48 dollars
Market capitalization: $3,873.29M
If the circulating market value of $ACT is the same as $RENDER, the token unit price is about 4.085 dollars
Increase: + 639.3% of current price
Fetch.ai ($FET) - AI and Machine Learning based blockchain platform
Token price: 1.6 dollars
Market capitalization: $4,159.6M
If the circulating market value of $ACT is the same as $FET, the token unit price is about 4.38 dollars
Increase: + 692.6% of current price
IV. Economic models and on-chain chip analysis
Analysis of Position Structure: From the position data, the chip structure of ACT is relatively concentrated. Binance holds the largest token share, accounting for 51.7% of the total supply, about 330 million tokens. To some extent, it indicates that Binance has significant control over the liquidity of ACT. In addition, exchanges such as Bitget, Gate.io, and MEXC hold 2.37%, 1.79%, and 1.18% respectively.
The distribution of large addresses and chips: The top 10 addresses collectively hold about 62.6% of the chips, showing a highly concentrated distribution pattern. This structure increases the risk of price fluctuations, as any buying or selling operations of a few large addresses may have a significant impact on market prices. In addition, the 5.5% of the chips held by the project party include 2% of the tokens recommended by the community for listing and 3.5% of the tokens with no clear use temporarily. The project party recently announced plans to suspend the sale of these tokens, which helps alleviate market concerns about token selling pressure.
3. Analysis of active addresses on the chain: Some addresses with a large number of tokens show high trading activity levels. Binance associated addresses have achieved a profit of about 2062.17%, indicating the high volatility and short-term high-yield potential of ACT in the market. The trading activity data of some holders on the chain indicates that these large holders may arbitrage in the short term and have an impact on market price fluctuations.
Market data and performance: ACT's current market value is $529.5M, with a 24-hour trading volume of up to $287.7M. The market is active and in high demand. The total token supply is about 948.2M, and 3.85% of the tokens have been destroyed.
ACT, driven by the AI + Crypto narrative, has attracted market attention, but its price volatility may be high, and investors need to be cautious when participating.
V. Risk Warning
As a Meme coin that combines AI and cryptocurrency, ACT has attracted a large amount of speculative funds driven by the narrative of AI + Crypto. The market heat brought by such narratives may bring high returns in the short term, but in the long run, it also increases the risk of high speculative components. Once the market's interest in narratives weakens, ACT's market value and trading volume may sharply decline, and holders need to be vigilant about this.
2. Since the ACT project transformed into a community-driven one, it has mainly relied on the spontaneous governance and promotion of community members. Without the continuous guidance of a professional team, the development of ACT may be hindered by internal disagreements. In addition, the project may also be dominated by a few members who hold a large number of tokens, increasing the possibility of biased decision-making.
VI. Official links
Twitter:https://x.com/amplifiedamp
Telegram:https://t.me/actportal
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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