Binance announced that it will list the AIXBT token on Jan. 10, causing the price to rise to $0.58.
Two key on-chain metrics also jumped, indicating rising speculative activity and market attention.
AIXBT price has risen above crucial EMA, with buying pressure possibly leading it to a new high.
AIXBT, an AI-themed cryptocurrency, has joined the long list of tokens that will be available for trading on Binance.
This comes as the narrative around AI agents in the market continues to spread like wildfire. Affected by the announcement, the AIXBT price quickly surged by 35% in less than one hour.
Considering the buzz surrounding AI agents, will AIXBT reach a new all-time high?
For those unfamiliar, the AIXBT token came into existence through the introduction of the aixbt AI agent developed via Virtuals Protocol (VIRTUAL).
Since its launch into the market, the token’s price has increased by over 12,000%, and one surpassed a $500 million market cap.
The price dropped to $0.38 recently. However, on Jan. 10, it jumped to $0.58 after Binance disclosed that it would list it alongside two other tokens at 13:00 UTC.
“Binance will list aixbt by Virtuals (AIXBT), ChainGPT (CGPT), Cookie DAO (COOKIE), and open trading for the following spot trading pairs at 2025-01-10 13:00 (UTC).” The crypto exchange disclosed this via its official statement.
However, AIXBT price is not the only metric that reacted positively to the development. According to Santiment, the cryptocurrency’s social dominance also climbed.
Social dominance measures the level of discussions around a token compared to other assets in the market. When it rises, it indicates rising mindshare and possibly increasing demand.
A decrease, on the other hand, indicates a lower level of searches and texts related to the asset. At the time of writing, AIBXT’s social dominance has surged to 0.38%.
AIXBT Social Dominance | Credit: Santiment
This indicates that it has gained more attention in the market. Should this dominance continue to climb, then the price might also rally toward its all-time high of $0.66.
Like the social dominance, the Open Interest (OI) in the cryptocurrency also jumped to $31.83 million. The hike in the OI signifies rising speculative activity in the cryptocurrency.
Price-wise, if the OI continues to rise as AIXBT gets more buying pressure, the value could be higher in the coming days.
AIXBT Open Interest | Credit: Santiment
AIXBT Price Prediction: Higher Highs to Continue
On the 4-hour chart, AIXBT’s price dropped from $0.58 to $0.38 between Jan. 6 and 9. This correction drove the price below the 20 and 50-period Exponential Moving Average (EMA).
That decline validated the bearish thesis around the altcoin. However, as of this writing, the token’s price has reclaimed $0.58 and is back above the 20 EMA (blue) and 50 EMA (yellow).
Rising above these thresholds indicates that the trend has switched from bearish to bullish. Should demand for the token continue to climb, AIXBT price could rally to the wick of the bullish engulfing candle at $0.61.
AIBXT/USD 4-Hour Chart | Credit: TradingView
Once validated, the price might rally to $0.69. However, if profit-taking rises, the value could slide to $0.45 at the 0.382 Fibonacci retracement level.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
