Agent Cookie is about to be released. What is the outlook for the COOKIE token?
DAO is an infrastructure project related to data aggregation in the AI Agent field, dedicated to providing key data support for AI Agents. The core function of the project is to provide valuable inputs to AI Agents by aggregating different data sources, enabling them to operate effectively, especially in the fields of games, metaverse, etc.
The token of DAO acts as the core of the platform, supporting data aggregation and access through staking and participating in liquidity pools. The token usage involves a deflation mechanism, with 50% of the tokens being burned and the remaining portion entering the DAO fund, in order to increase the scarcity of the tokens and enhance the project’s long-term value. DAO also uses API interfaces to assist developers and other AI Agents in accessing data, and is expected to become an important infrastructure similar to Chainlink as AI Agents further develop and market demand grows.
According to the market data from Gate.io, is currently priced at $0.6, with a 24-hour increase of 14.5%. In November 2024, started to rise from its historical low of $0.001989, and in just two months, it has increased more than 30 times. The current circulating market value of is $42 million, ranking 904th in the entire market.
Market Analysis
Trading Data
- Current price: 0.60376 USDT
- 24-hour increase: 17.31%
- 24-hour highest price: 0.63 USDT
- 24-hour lowest price: 0.4795 USDT
- 24-hour trading volume: 23,399,564.45
- Market Sentiment: Fear and Greed Index is 76, indicating an extreme greedy market sentiment.
Trading Strategy Recommendations
Strategy 1: Short-term bullish strategy
- Direction: Long
- Entry Price: 0.605 USDT (close to the current price)
- Stop Loss Price: 0.58 USDT
- Target Price: 0.65 USDT
Reasons and Features: The current market sentiment is extremely greedy, which usually means there may be further upside in the short term. The price has risen by 17.31% in the past 24 hours, showing strong buying momentum. Choose to enter at 0.605 USDT, set the stop loss at 0.58 USDT to control risk, and set the target price at 0.65 USDT, considering the highest price in the past 24 hours.
Strategy 2: Range Trading Strategy
- Direction: Short-term Range Trading
- Entry Price: 0.58 USDT (near the support level)
- Stop Loss Price: 0.475 USDT
- Target Price: 0.63 USDT (close to the current high point)
Reasons and Characteristics: Due to the clear support around 0.4795 USDT, we choose to enter at 0.58 USDT and take advantage of market volatility for range trading. The stop loss is set at 0.475 USDT to prevent price breakthrough of the support level, and the target price is set at 0.63 USDT, which is a reasonable consideration within the market fluctuation range.
Outlook
DAO has a relatively small market value, but it is still considered to have great potential in the context of the continuous development of the AI economy and increasing demand for high-quality data. may introduce more staking functions and liquidity pools in the future to further enhance the project’s eco.
According to the co-founder of DAO, Agent may be released soon. At that time, Agent will compete for market share with other AI Agents. Iman believes that Agent will quickly catch up with or even surpass AIXBT, mainly because it has a more powerful data acquisition capability. Currently, the AIXBT terminal requires holding 600,000 tokens to use, which costs about $320,000. The future pricing of is worth market attention!
