ai16z crypto rallies 27% to ATH – What’s behind the gains?
- ai16z crypto has rallied by more than 27% in 24 hours and formed a fresh ATH at $1.77.
- These gains came amid plans to launch a layer-one network.
ai16z [AI16Z], at press time, traded at $1.61 after a 27% gain in 24 hours. These gains follow rising interest in the altcoin after trading volumes spiked by 101% per CoinMarketCap.
ai16z was among the top performers in December 2024, given that during the month, its market capitalization increased four-fold from below $400 million to $1.75 billion at press time.
In fact, these gains saw the token hit an all-time high of $1.77 on the 31st of December.
One factor behind the recent rally to an ATH is a proposal to “position ai16z as an L1 [layer one] network.” This…
