AI16Z Token Rises 35% Following Trump’s $500 Billion AI Initiative
Following US President Donald Trump's announcement of a $500 billion investment in AI infrastructure, the AI agent token AI16Z experienced a 35% price increase to $1.25, with trading volume rising over 30% to more than $350 million.
The initiative, named Stargate, will involve partnerships with Oracle, SoftBank, and OpenAI, starting with an initial investment of $100 billion and scaling up to $500 billion over four years.
Key Points on AI16Z's Market Performance
- Current price at $1.12, reflecting a 16.82% increase.
- Relative Strength Indicator (RSI) is trending upwards, nearing the critical 50 level.
- Positive funding rate at 0.011%, indicating strong demand for long positions in futures markets.
- Potential to retest all-time high of $2.50, reached on January 2, if bullish momentum persists.
- Risk of bearish sentiment could push AI16Z's price down to $0.68.
Source: TradingView
Source: Coinglass
Source: TradingView