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After being listed on Binance on Monday, new meme coin Act I: The AI Prophecy ($ACT) surged over 2,000%.
But with it now holding a market cap above $500 million, is $ACT still a buy?
The AI Meme Coin Uprising Is Not Slowing Down
$ACT launched on 19 October in the AI meme coin sector, which is led by Goatseus Maximus.
AI meme coins are still highly experimental. Devs are toying with different ideas to see how AI language models can impact meme coins and the wider crypto market.
Act I: The AI Prophecy is a project where people and chatbots can interact in an open and synchronous environment. This is different from a standard chatbot experience, where it’s just one person talking with one bot.
But here’s why $ACT really stands out: it was one of only two projects funded by Andreessen Horowitz Founder Marc Andreessen. The other? Goatseus Maximus – the leading AI meme coin with a $850 million market cap.
Andreessen played a huge role in the narrative that catapulted Goatseus Maximus into stardom. And now, $ACT has a similar story.
Yet, $ACT separates itself from $GOAT by being listed on Binance.
Binance Provides $ACT With Strong Demand
Binance is the world’s largest exchange based on trading volume, so that’s good news for $ACT.
When $ACT listed on Binance, it had a market cap of just $20 million. Today, it’s worth $550 million. It’s a massive win for anyone who was in before the listing, but there’s still room for growth.
As mentioned, $ACT has a similar narrative to GOAT, yet GOAT has an $850 million market cap without listing on Binance. So that’s certainly attainable for $ACT.
Moreover, the surprise listing of $ACT rather than $GOAT or other larger AI meme coins is similar to when Binance listed $15 million First Neiro On Ethereum in September, compared to $280 million Neiro Ethereum.
The result? Today, First Neiro On Ethereum is worth $1.1 billion, while Neiro Ethereum is worth $84 million.
A Binance listing is a big deal – it must not be overlooked.
Experts anticipate a bullish continuation for the crypto market in the coming months, so we could safely presume $NEIRO’s $1.1 billion is an achievable mid-term target for $ACT, especially considering that $ACT has the added advantage of the AI narrative.
Analysts are closely watching the $1 billion price target.
MacroCGR also targets a $1 billion market cap, which would equate to a price of $1 per token.
Based on that, there’s certainly still upside potential for $ACT. But what’s ahead doesn’t compare to this week’s 2,654% pump.
What are the Next Meme Coins to Explode Like $ACT?
Binance has made it no secret that they’ll bypass the “blue chip” meme coins in favor of smaller, lesser-known ones.
As such, the stakes have never been higher for low-cap meme coin traders.
With Binance’s help, low-cap meme coins can turn into billion-dollar giants overnight. So, what are they going to list next?
Pepe Unchained might be the answer. It’s an Ethereum layer 2 blockchain for meme coins and it has raised $27 million in its presale. It’s about to launch on the market with a huge community, which is something that exchanges love to see.
They’ve also revealed that they’re in talks with tier-1 exchanges, which could well include Binance.
The blockchain will launch with features like a two-click meme coin generator, staking, a block explorer, and more.
It’s also brewing a storm on social media, with analysts like Jacob Bury calling for a 100x price increase.
Flockerz is another promising project that could be listed on Binance. Both $ACT and $NEIRO are CTO tokens, meaning that the community took control from the founding team, ensuring that they are properly decentralized.
Flockerz understands that this is a big draw for exchanges, so has created the world’s first Vote-to-Earn decentralized autonomous organization. Users get to vote and shape the project’s future on-chain, and they’ll get paid for it.
The project is in presale, allowing investors to buy from the start. It has raised $1.6 million so far.
While earlier in its journey than $PEPU, Flockerz is also drawing attention online. ClayBro hailed its lucrative reward scheme to its 130K YouTube subscribers. He also noted that investors can earn through staking.
After Binance listed $ACT and $NEIRO, the opportunity for new meme coins is massive. Pepe Unchained and Flockerz are two of the most innovative new projects, bolstering their chances of being noticed by the top exchange.