- Hive’s AI agents automatically launch tokens based on real-time trend analysis.
- Its revenue-sharing model rewards token holders with continuous payouts.
- HIVE token price surges 45% in 7 days, outperforming the market.
HIVE is gaining huge traction for its innovative trend analysis and token deployment. The platform monitors key trends and hotspots on platforms like X (formerly Twitter), TikTok, and Google Trends, automatically issuing tokens. Market observers shed light on this novel decentralized platform.
The platform’s AI agents buy 1-3% of each deployed token’s supply. Half of the tokens purchased are used for liquidity pools, while the other half is sold within 24 hours. The profits generated are then distributed as shown in the project’s revenue-sharing model.
Currently, it has rolled out three Genesis AI agents. These include a CryptoTwitter monitor, a TwitterX monitor, and a TikTok monitor. However, these agents have not yet deployed any tokens.
There is also a provision for users to launch their own AI agents through Hive. Revenue distribution is continuous and occurs hourly. This provides regular rewards for Hive token holders. Additionally, the process burns Hive tokens, ensuring deflationary benefits.
Going forward, the decentralized platform plans to allow users to deploy their agents soon. The feature is under development and expected to launch soon.
Furthermore, the platform’s model provides ongoing rewards for participants while innovating how trends drive token creation. Token holders and early adopters can benefit from this unique ecosystem. One should keep an eye out for further updates on its expanding AI-powered ecosystem.
HIVE Outpaces Market, Eyes $1.22 Target
Meanwhile, the platform’s native token is showing strong momentum and has broken key levels. Support is at $0.44, resistance is at $0.77, and the next target is $1.22. If it holds above the support level, the token is poised for further rally.
Source: First1Bitcoin
With a price surge of 45.70% in the last seven days, HIVE is outperforming the global cryptocurrency market, which is up 8.8%, while outperforming when compared to similar smart contract platform cryptocurrencies, which are up 8%.
In the daily index, the token climbed over 200% from its entry price of $0.23. This rapid growth has pushed HIVE to a new all-time high, with analysts speculating about potential price targets of $1 and $2 during this ongoing bull market.
However, experts have urged caution and remaining in a “safe zone” while the market is volatile. This could involve diversifying one’s portfolio, setting stop-loss orders, or simply reducing your overall exposure to HIVE.