What is the AI ​​Prophecy (ACT) Act I Token and Why is the Price Rising?

Bittime - Token Act I: The AI ​​Prophecy (ACT) has stolen the attention of the crypto world with an extraordinary price surge of 2,241% in the past week. This increase was triggered by ACT's listing on major exchanges such as Binance and Crypto.com, which caused trading volume to increase drastically. 

On November 12, 2024, ACT price was recorded at around $0.55, with market capitalization reaching $465.56 million and trading volume breaking the $1.12 billion mark.

What Is Act I?

ACT is a crypto token associated with the Act I project, a Discord-based platform that allows users to interact with advanced AI chatbots. The platform, hosted on Cyborgism's servers, supports a wide range of creative interactions between users and bots, from simple tasks to complex roles such as roleplay and character-building exercises. 

In contrast to traditional AI which emphasizes honesty and impartiality, Act I makes room for more creative and unconventional conversations. Users can communicate with various bots that have abilities such as understanding images and speaking various languages.

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Spectacular Price Surge

The success of the ACT token cannot be separated from the momentum that occurred after listing on major exchanges. Previously, at the time of its launch on October 19, 2024, ACT had a market capitalization of around $20 million. However, after the announcement of the listing on Binance and Crypto.com, ACT's price and trading volume immediately skyrocketed. ACT trading on the Raydium exchange recorded a volume of up to $293 million, while on Binance it was recorded at $60 million. This pushed ACT's market capitalization past the $500 million mark in a short period of time.

Liquidity Risk and Speculation

Despite experiencing a significant price spike, ACT's liquidity is still a concern. The market for this token is still relatively small, so large sell orders can affect the price significantly. For example, a $100,000 sell order could move the price of ACT by more than 2%. 

This shows that although ACT is attracting attention, speculative risks remain. Reliance on listings on large exchanges can also make token prices susceptible to large fluctuations in short periods of time.

Bullish Sentiment in Crypto Markets  

The surge in ACT prices also reflects the bullish sentiment currently sweeping the crypto market, especially after Donald Trump's victory which brought optimism about policies that are friendlier to digital assets. However, despite the profit potential, the crypto market remains highly volatile and unpredictable. For investors, it is important to always do your research and only invest with funds you can afford to lose.

Conclusion  

ACT has shown tremendous growth, but as an investor, it is important to be careful. The crypto market is highly volatile and full of risks, despite the potential for huge profits. Before investing, make sure to do thorough research and only invest with funds you are prepared to lose.

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