Shiba Inu (SHIB) partner Bad Idea AI has sparked intrigue in the nascent crypto world following the parabolic run in its native token BAD by about 20%. This phenomenal price rally comes primarily attributed to a listing announcement unveiled by a renowned cryptocurrency exchange, GateIO, which appears to be fueling market optimism for the token.
Bad Idea AI is an innovator in AI technology, facilitating solutions that jack up decentralized autonomous organizations (DAOs). Following its partnership with Shiba Inu, a prominent meme-based cryptocurrency, the project marked a storm of breakthroughs within the cryptocurrency realm.
According to the official announcement shared by GateIO, the new listing, BAD/USDT, commenced trading starting 9:00 AM UTC today. This announcement by the CEX showcased the firm’s efforts to offer support to the token. In turn, BAD’s price rallied remarkably, as mentioned above.
Meanwhile, as seen previously, GateIO’s listing chronicles appear to have an optimistic market effect on tokens. Earlier this month, with the CEX commencing margin trading for Shiba Inu’s BONE token, even Shibaswap’s BONE price rallied nearly 10%. Bad Idea AI token’s today’s surge further falls in line with this. Conspicuously, BAD’s rally also aligned with Shiba Inu’s broader uptrend in the market.
Also Read: Bitcoin Miner Stronghold Digital Sued Over Environmental Concerns
As of writing, the Bad Idea AI token surged a whopping 20.18% in the past 24 hours, however, the price has corrected at the time of writing. It is currently standing at $0.00000005789. Coupled with a 24-hour trading volume surge of 69.22% and a market cap jump of 17.07%, the token sparkled with bullishness.
The project’s listing manager, going by the name Mr. Lightspeed, further took to a post on X, claiming the listing to be a monumental stride for Bad Idea AI. In conjunction with S.A.R.A.H, an AI chatbot resulting from the collaboration with Shiba Inu, the project additionally anchors its foothold across the industry. Meanwhile, its partner Shiba Inu also noted phenomenal gains, as spotlighted by Ethereum co-founder Vitalik Buterin today.
Also Read: CryptoQuant CEO Explains Why KuCoin Won’t End Up Like FTX
On May 17, Michael Saylor, after posting the famous orange-dot accumulation chart, brought back talks…
In its Bitcoin buying spree, Strategy continues to attract new funds via its STRC preferred…
U.S. President Donald Trump has now diversified his financial footprint into crypto stocks from real…
Bhutan’s Bitcoin movements have come into the spotlight again. The scrutiny comes due to the…
Grayscale Investments has advanced its plans to launch a spot BNB ETF available in the…
The crypto market continued plunging after unfavorable macroeconomic data. It erased the gains that came…