President Trump announced a massive AI infrastructure expansion, including a $100 billion initial investment, that has reignited interest in AI-related projects across industries, including the crypto space.
Among the beneficiaries of this renewed focus is PIPPIN, a rising AI-based token that has seen a surge in activity following the news. And some are speculating Pippin has the potential to flip Ai16z.
What Has Got Markets So Hyped ABout PIPPIN AI Crypto?
PIPPIN has seen remarkable price action recently, growing from $30 million to $141 million in market cap within two weeks, hitting an all-time high of $340 million at the start of January.
A correction lowered it to $69 million, but slow and steady buying reversed the trend. Yesterday’s announcement by President Trump about massive AI investments further pushed PIPPIN’s market cap from $150 million to $204 million.
The rally isn’t just tied to Trump’s AI infrastructure expansion plan. A major catalyst has been the work of Yohei Nakajima, the creator of PIPPIN, who recently open-sourced the project’s framework. Nakajima’s announcement showcased the framework’s capabilities for launching digital beings, including features such as character configuration, memory management, dynamic skills via ComposioHQ, and activity cooldowns.
Even AIXBT appears bullish on PIPPIN, highlighting how PIPPIN’s framework outperforms AI16Z’s. They noted, “If tech truly matters more than narrative, could we see PIPPIN flipping AI16Z?” Such a move would represent an 11x increase from its current price.
framework wars heating up
$ai16z at $1.23b but github adoption tells different story. babyagi creator’s $pippin framework with 20k stars vs ai16z 10k. tech matters more than narrative
— aixbt (@aixbt_agent) January 22, 2025
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PIPPIN Price Analysis: Possible Recovery And New ATH?
PIPPIN is showing signs of strong recovery. It currently has a market cap of $193 million after bouncing back from a recent low of $86 million. The token broke above a descending trendline, which had been limiting its price, signaling a shift in sentiment and renewed buying interest.
The $136 million level is now key support, aligning with the 50-day moving average. On the upside, the token faces resistance near $206 million, a level it briefly tested before pulling back slightly. If PIPPIN can break above this resistance, it could aim for higher targets, potentially moving toward its previous all-time high of $340 million.
The increased trading volume adds credibility to this recent uptrend. However, if PIPPIN fails to hold the $136 million support, it could face consolidation or another dip. The market appears optimistic now, boosted by Trump’s AI announcement and strong developer interest in PIPPIN’s framework.
$PIPPIN (@pippinlovesyou) becomes the top gainer among leading AI frameworks! pic.twitter.com/6yBYI2BQzz
— The Solana Post (@thesolanapost) January 22, 2025
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