The price of a16z has doubled in 7 days, with a market capitalization reaching $1.5 billion amid the peak of the AI agent and AI memecoin trend.
The price of a16z has doubled in 7 days, with a market capitalization reaching $1.5 billion
In the last days of the year, AI and AI agents are still sweeping the market. The hype surrounding AI has driven the prices of related Bit coins to soar, especially a16z, the memefund has become a typical representative of the new trend.
As Coin68 reported, a16z was launched on Daos.fun, created by an anonymous dev with the nickname Shaw.
Shaw's goal is not only to "copy" a16z co-founder Andreessen, but also to surpass this tycoon in the investment field itself.
According to Shaw, "AI Marc" will analyze investment signals from the community, evaluate based on the amount of meme Token held and the "skill trade memecoin" of each member. The ultimate goal is for this AI bot to "balance" all meme deals, and investors only need to "sit back and enjoy the golden bowl". The a16z fund is expected to operate until October 2025.
The founder of a16z fund, Marc Andreessen, has also interacted with a16z on X, implicitly showing his support for this unique idea.
As a result, although it has only been launched for more than 2 months, the market capitalization of a16z has soared to $1.5 billion on December 29, and then slightly decreased to $1.4 billion at the time of reporting.
Price fluctuations of a16z over the past 7 days, screenshot taken on Coingecko at 03:30 PM on December 30, 2024
The price of the a16z Token has also increased by 121% in the past 7 days, equivalent to a 2-fold increase. This means that if you bought AI16Z at around $0.58 last weekend, this asset has now doubled in value.
It is noteworthy that this Token has not yet been listed on major exchanges such as Binance, OKX or Bybit, Upbit, but has only appeared on Gate.io, Kucoin and MEXC.
AI16Z is currently the largest AI memecoin by market capitalization, ranking in the top 90 of the market according to CoinGecko. Followed by FARTCOIN, TURBO, AIXBT, AGENTFUN, GOAT,...
Top AI memecoin by market capitalization. Source: CoinGecko
According to the report from CoinGecko, memeToken has become the most popular investment trend in 2024, accounting for up to 30.67% of the total interest of global investors. This is a significant increase compared to 2023, when memeToken only ranked 3rd with an 8.32% market share.
Meanwhile, AI in general ranks 2nd with 12.58%, indicating a high level of interest from investors in AI projects. Of which, the AI Agent segment accounts for 1.17% of the market share. Typical examples are Truth Terminal, the AI agent that has created a "fever" with the GOAT memecoin reaching a market capitalization of $1.3 billion in a short time. In addition, AI Agent projects such as Clanker, Freysa or a16z have also created a new wave, attracting great attention from the community thanks to their unique features and ability to interact with users.
Compiled by Coin68
