ChainOpera AI’s native token, COAI, has surged more than 70% in the past 24 hours, emerging as the market’s biggest gainer.
As the coin continues to gain momentum, the market appears divided – while some remain bullish on the altcoin, others are raising concerns about the project.
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COAI price rises significantly as traders turn bullish on Altcoin
The COAI token saw a huge comeback after its trial Post-rise correction. BeInCrypto Markets data showed that The altcoin has been pumped 71.39% in the past 24 hours, outperforming the broader cryptocurrency market.
COAI’s performance has placed it as the highest daily gainer among the top 300 coins Queen Gekko. Moreover, 77% of traders maintain a bullish stance towards the token. At the time of writing, it was trading at $14.
In addition to price, COAI is also seeing wider adoption by investors. Although only a month old, the token has attracted more than 50,000 holders.
“Thank you for the love of our community. COAI now has over 50,000 holders!” team to publish.
Moreover, the token has also gained widespread popularity Benefit from society. Data from analytics platform LunarCrush shows that COAI was mentioned 2,393 times in one day, representing a 1,308% jump from its usual daily activity.
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A recent analysis of more than 2,000 posts from COAI indicated this sentiment He was driven Through three axes: trading opportunity (35%), Bitget list (30%), and ChainOpera’s focus is on Decentralized AI (20%).
“Traders see $COAI as a potential investment opportunity, with several posts highlighting the potential for gains and the project’s focus on AI…The project’s focus on AI and its integration with blockchain is seen as a positive factor, with many users touting it as a potential ‘next big thing’.” male.
Experts Warn That COAI Could Be The Next Major Cryptocurrency Scam Amid Rapid Rally
Despite COAI’s sharp rise, doubts remain. The data highlighted that ten wallets contained 87.9% of tokens, raising concerns about centralization. Previously, it was a blockchain analytics company Bubblemaps claimed to be a single entity Behind half of COAI’s top-grossing portfolios.
“I thought COAI was just another hype coin, but it turned out to be worse – full of scams. Fake product with a made-up AI story. Fake decentralization… and crypto exchanges helped it by listing this rubbish. Retail is being eliminated as insiders move away from the rich. It’s time this space stops rewarding scammers,” said one Analysts. Notice.
Another analyst, Victor, drew parallels between the two COAI and MYX Finance (MYX)describing the first as “the biggest scam of October.”
“I strongly support the view that the amount of fraud allowed on Binance and Bybit perps is now unprecedented, after seeing M, MYX, AIA and COAI all happen in two months.” books.
While supporters see COAI as a promising project at the intersection of artificial intelligence and blockchain, critics warn it could be another short-lived hype or worse — an orchestrated scam. As debates rage, only time will tell whether COAI proves its legitimacy or fades away as just another cautionary tale in the cryptocurrency market.
