AI Coin USD AI (CHIP) Surges 34%

▲ CHIP Upbit listing/Source: Upbit Korea X ©

In a cryptocurrency market that had maintained a steady trend, the AI-themed USD AI (CHIP) captured investors' attention by showing a record surge of over 34% in just 24 hours. This rise was a result of a combination of large-scale liquidity inflow and speculative trading demand, marking a unique performance that significantly outperformed the market's average return.

According to CoinMarketCap, a cryptocurrency market data aggregator, on May 8 (local time), the USD AI price recorded a 34.74% increase from the previous day, reaching $0.0748. Compared to the overall virtual asset market capitalization, which rose by 0.48% and remained at a sideways level during the same period, CHIP's upward trend appears even more dramatic.

Explosive trading volume is considered the key driver of this rally. Over the past 24 hours, the USD AI trading volume surged by an astonishing 253.68%, reaching $482.28 million. The turnover ratio, which is the trading volume relative to market capitalization, reached 3.22, indicating a very high trading intensity. This suggests that the surge is more characteristic of a speculative pump driven by capital inflow rather than a change in fundamentals.

The rotation into altcoins and the AI narrative also contributed. As the altcoin season index in the virtual asset market rose by 7.14% in a single day, indicating a revived risk appetite, CHIP, an AI-themed asset, became the biggest beneficiary of this trend. Experts note that USD AI's surge significantly exceeded the sector average.

The short-term direction depends on whether it can maintain the recent support level of $0.065. If the price stays above this range, a box-range market could continue, establishing a stable base between $0.065 and $0.080. However, if trading volume sharply declines, there is a risk of profit-taking leading to a correction down to $0.055.

In conclusion, USD AI has currently entered a strong buying momentum phase accompanied by high volatility. Experts diagnose that for the price to be sustained, the trading volume must maintain at least $300 million. In particular, if the 24-hour trading volume falls below $200 million, it could be interpreted as a sign of waning speculative interest, requiring caution from investors.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*