Yesterday, Coinbase made headlines by announcing the listing of FLOCK crypto alongside SPX6900. The announcement had an immediate positive impact on the market, with SPX6900 recording a remarkable 12% increase overnight and FLOCK experiencing an astonishing surge of over 75% within 24 hours.
As Coinbase includes prominent AI-related tokens like FLOCK, many in the crypto community are speculating on the potential explosion of the crypto AI sector. Recent data from CoinGecko supports this notion, indicating that the AI category has risen by more than 7% in the past day. Other notable performers in the sector include AI16Z, KAITO, and OPEN, all of which are gaining traction alongside FLOCK.
FLOCK crypto is designed as a comprehensive infrastructure for privacy-focused artificial intelligence. The project has been recognized for its pioneering work in Federated Learning (FL), a decentralized method where AI models train collaboratively without the need to exchange raw data. FLOCK aims to make strides in critical sectors where privacy is paramount, such as healthcare, government, finance, and law.
The platform consists of three key components:
- AI Arena – A platform for open model training and competition, akin to Bittensor.
- FL Alliance – Similar to Nous Research, this component focuses on the fine-tuning of AI models.
- Moonbase – Comparable to Virtuals, it facilitates agent and AI model deployment.
Top-tier companies, such as GSR.io, are currently utilizing FLOCK’s federated learning to develop privacy-centric AI models for trading and market-making purposes. FLOCK is also collaborating with Beacon Protocol and the DIMO Network to create a community-driven fuel efficiency model, leveraging data from over 2,500 drivers. Additionally, Animoca Brands is utilizing the FLOCK platform to build an AI agent focused on venture capitalist research.
The partnership with the Aptos Foundation aims to enhance the coding capabilities of large language models (LLMs) for the Move programming language on the Aptos network. These collaborations further substantiate FLOCK’s growing influence in the AI sector, making its listing on Coinbase a significant milestone.
For the listing, Coinbase will support FLOCK on the Base network and SPX6900 on the Ethereum network, emphasizing the importance of using the correct blockchain to avoid the loss of funds.
In a remarkable response to the Coinbase announcement, FLOCK crypto breached the $100 million market cap threshold, a critical milestone for burgeoning projects looking to establish themselves in the market. After initially climbing over 100% from $0.27 to $0.66, it stabilized around $0.48 following the surge. Many early investors remain optimistic, eyeing the potential for FLOCK to reach a $1 billion valuation.
Trader insights have also linked FLOCK to the Digital Currency Group (DCG) Fund, the lead venture capital partner, well-known as the parent company of Grayscale. The fund reported an impressive 405x return on investments in crypto projects last year. Speculation suggests that, with the backing of DCG, FLOCK could enter the top 100 cryptocurrencies, a feat that would require a price increase of approximately 11x, bringing it to around $5.
Investors are actively searching for the next promising AI crypto project, particularly as interest in the sector remains high leading into Q4. One contender gaining traction is Snorter Bot (SNORT), a new Telegram trading tool aimed at helping users identify high-potential AI crypto plays. With a focus on meme coins combined with advanced trading features, SNORT has caught the attention of investors eager for participation in the ever-evolving AI crypto landscape.
In conclusion, with the recent Coinbase listing and the strategies from its partnerships, FLOCK crypto is positioning itself as a frontrunner in the AI sector, and the scrutiny from traders suggests that it may very well be just the beginning of its ascent in the competitive cryptocurrency market.
