SHIB's 'Secret' AI Venture Pushes 'Bad Idea' Up 40% In A Single Day — What's Happening
Portfolio Pulse from Mehab Qureshi
Bad Idea AI (CRYPTO: BAD) has surged 40% in the past 24 hours, outperforming meme cryptocurrencies like Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE). This follows news that SHIB's lead developer, Shytoshi Kusama, is collaborating with Bad Idea AI on a new AI initiative. Meanwhile, a SHIB whale has withdrawn trillions of SHIB tokens from a Netherlands-based cryptocurrency exchange.
October 06, 2023 | 4:59 am
News sentiment analysis
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NEGATIVE IMPACT
Dogecoin (CRYPTO: DOGE) was down 0.16% amid news of a new AI initiative by Shiba Inu and Bad Idea AI.
The news of Shiba Inu's new AI initiative with Bad Idea AI could potentially divert investor attention away from other meme cryptocurrencies like Dogecoin, leading to a slight decrease in its price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Shiba Inu (CRYPTO: SHIB) was down 0.67% despite news of a new AI initiative and a SHIB whale withdrawing trillions of tokens from an exchange.
Despite the potentially positive news of a new AI initiative and significant whale activity, Shiba Inu's price has decreased slightly. This could be due to market volatility or other factors not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100