President Trump has announced a significant plan for AI infrastructure, including an initial investment of $100 billion. This announcement has sparked a renewed interest in AI-related projects, particularly within the cryptocurrency space.
Among the standout beneficiaries is PIPPIN, a rising AI-focused cryptocurrency that recorded an 80% increase in activity following the announcement. There is growing speculation about PIPPIN’s capability to rival AI16Z in the market.
What is Driving the Hype Around PIPPIN?
PIPPIN’s value has skyrocketed from a market cap of $30 million to $141 million in just two weeks, reaching an all-time high of $340 million at the beginning of January. Though a correction brought the market cap back down to $69 million, renewed buying interest has reversed this trend. Trump’s recent announcement has further elevated PIPPIN’s market cap from $150 million to $204 million.
Speculation suggests that PIPPIN’s creator, Yohei Nakajima, who recently open-sourced the project’s framework, is a significant factor behind the recent interest. This new framework boasts capabilities for launching digital beings and includes features such as character configuration and dynamic skill management.
Even AIXBT has expressed optimism about PIPPIN, suggesting that if technology truly prevails over narrative, we might witness PIPPIN surpassing AI16Z in value.
“The framework wars are heating up. AI16Z is valued at $1.23 billion, but GitHub adoption tells a different story. PIPPIN’s roadmap, with 20,000 stars compared to AI16Z’s 10,000, suggests that technology could be more critical than the narrative in the long run.”
— AIXBT (@aixbt_agent) [January 22, 2025]
PIPPIN Price Analysis: Is a Recovery on the Horizon?
PIPPIN Chart
PIPPIN is demonstrating a promising recovery with a market cap currently at $193 million, rebounding from a recent low of $86 million. This resurgence follows the token breaking above a descending trendline, indicating a shift toward positive sentiment and renewed buying interest.
Key support is now set at $136 million, coinciding with the 50-day moving average. Conversely, the token faces resistance near a level of $206 million, which it approached before a slight pullback. If PIPPIN manages to surpass this resistance, it could potentially aim for higher targets, possibly revisiting its earlier all-time high of $340 million.
Another exciting aspect of this upward movement is the increased trading volume, which adds credibility to the recent uptrend. However, should PIPPIN fail to maintain the $136 million support, consolidation or a decline may follow.
The overall market sentiment appears optimistic, bolstered by Trump’s announcement and strong developer interest in PIPPIN’s framework.
“PIPPIN has become the top gainer among leading AI frameworks!”
— The Solana Post (@thesolanapost) [January 22, 2025]
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