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In a trading experiment, a trader utilizes AIXBT to find profitable memecoins and AI coins

In this post:

  • There have been more than 100 bullish posts about the token selections made by the AIXBT account.
  • Over a brief period of time, a trader who followed its advice realized average returns of 24.18%.
  • The two most popular stories with the best price performances over the last few days are AI and DeFAI.

A trader put AIXBT’s ability to find emerging tokens in the meme area to the test. During early-stage rallies, the majority of the transactions resulted in short-term profits.

The development of AIXBT by Virtuals Protocol’s data hub for crypto analysis is now underway. The AI personality is continuously suggesting tickers in the interim. Both news on more established initiatives and new tickers are posted by the AI agent.

Interestingly, although the AI agent has served as the foundation for the trading test, it is unable to accept accountability for its information or trading recommendations.

One trader made the decision to use AIXBT as a source for copy-trading, which is a popular practice used by memecoin traders who want to mimic the approach of high-performing investors. The trader made the decision to invest a small amount in each of the new tickers AIXBT listed.

The trader allocated $100 to each AIXBT recommendation, purchasing any that were even marginally positive. Following the first purchase, orders were placed at 12, 24, and 36 hours to divest the token using a dollar-cost averaging technique.

Every week, AIXBT promotes more than 100 tokens

AIXBT’s AI personality is very active, sharing token recommendations or insights every hour. On certain tokens, the trader found 117 posts that may be taken action on. The choices represented but a small fraction of the tens of thousands of primarily Solana-based tokens launched each week. 

The choices made by AIXBT also provided information about the most active stories. During the short-term test period, the trader made 54% more money with AI coins and AI agent tokens, 49% with meme tokens, and 21.5% with DeFi selections. Some of the outliers saw profits of 143% to 209% from specific token selections. But before some of the tokens reported their largest gains, the experiment came to an end.

ANON, ALPHA, and GRIFT are examples of older social media narratives that reported larger benefits over a little longer period of time. Because those tokens usually return for a fresh rollover of funds, AIXBT chose them.

Even though the trading experiment took place during a week that was generally gloomy, AIXBT’s picks still beat the market. The most profound personal loss for one of the tokens capped at just 37.5%, a relatively minor drawdown for memecoins. 

The total returns from 117 tokens returned an average of 24.18% on the whole portfolio. The returns are lower compared to more strategic whales, but overall, it was enough to retain the portfolio’s value. 

AIXBT continues to trade near peak

AIXBT itself turned into one of the hottest AI agent tokens. The asset gained to levels above $0.90 after days of waiting for a breakout. AIXBT rallied after a series of whale buying and has not yet seen a drawdown despite some profit-taking. 

The token’s rally and the constant posting and information also boosted engagement for AIXBT on X (formerly Twitter). 

The rising popularity of the project comes before the data terminal is launched, which will begin onboarding users to a closed version in the upcoming weeks.

Following weeks of searching for short-term winners, focus is now being placed on AI coins and agents that are developing platforms and offering long-term benefits.

The AI coin and agent story continues to be the most popular, with the new DeFAI category coming in second. Both in terms of price performance and social media mindshare, the narrative leads. As creators and liquidity move to agent tokens, the industry is still seeing a rollover from meme tokens. Agents competed similarly to memes due of the readily available means for token generation.

The AI narrative is leading with the best price performance. | Source: Dexu

DeFAI’s rise stems from the expectation that AI agents will be able to evaluate the market more quickly than human traders. In order to explain its success following the recent Binance listing, AIXBT capitalizes on this niche.

AIXBT is the primary asset of DeFAI tokens. The entire industry recovered during the last week, hitting a $3.26 billion valuation. The market capitalization of AI agent tokens also increased, approaching all-time highs at $16.4 billion. In addition to the content-based AI agent, platforms and utility goods have seen a movement in liquidity among the top coins.

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ISOC News Desk

ISOC News Desk

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