BasedAI Information

BasedAI is emerging as a significant player in the cryptocurrency landscape, leveraging artificial intelligence to enhance blockchain performance and utility. Its innovative approach aims to bridge the gap between traditional industries and cutting-edge AI technology, fostering a new wave of decentralized applications. As interest in AI-driven solutions continues to grow, BasedAI positions itself as a forward-thinking project poised for considerable growth and adoption.

BasedAI

$3.38

Title : BasedAI
Symbol : basedai
Current Price $ : 3.38 $
High 24h : 3.65 $
Low 24h : 3.33 $
Price Change 24h : -0.1064483302883 $
Price Change % 24h : -3.04912 %
Market Cap : 120843683
Whitepaper : https://arxiv.org/pdf/2403.01008.pdf
Website : https://getbased.ai
Total Volume : 1880871
Market Cap Change 24h : -3687014.4232692
Market Cap Change % 24h : -2.96073 %
Circulating Supply : 35669420
Total Supply : 35669420
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 11.12
ATH Change % : -69.40849 %
ATH Date : 2024-04-12 04:55
All Time Low (ATL) : 1.61
ATL Change % : 111.35476 %
ATL Date : 2024-08-05 13:45

more information

Introduction to BasedAI

BasedAI is an emerging cryptocurrency that has captured the attention of investors and developers alike. With a current price of $2.83 and a market capitalization of approximately $101 million, BasedAI is positioned within the competitive landscape of digital assets. As we delve deeper into its history, advantages, disadvantages, and future prospects, a clearer picture of its potential will emerge.

Historical Performance

BasedAI has had a turbulent journey since its inception. Its all-time high (ATH) of $11.12 was recorded on April 12, 2024, a time when market conditions were particularly favorable for cryptocurrencies. However, it has since seen a significant correction, with a decline of about 74.47%, which speaks volumes about the volatility often associated with digital currencies. On the flip side, it has also reached an all-time low (ATL) of $1.61 on August 5, 2024, reflecting a 76.37% increase from that point. This pattern indicates that while BasedAI can experience drastic fluctuations, it also presents opportunities for strategic entry points for investors.

Advantages of BasedAI

One notable advantage of BasedAI lies in its innovative approach to artificial intelligence integration within the blockchain space. The cryptocurrency aims to leverage AI technologies to enhance user experiences and optimize various processes within decentralized applications (dApps). This unique selling proposition can set BasedAI apart from other crypto projects that lack a strong focus on AI.

Moreover, the current market dynamics favor cryptocurrencies that utilize advanced technologies, potentially increasing the demand for BasedAI as the industry evolves. Additionally, the relatively low circulating supply of 35,669,420 tokens creates a scarcity that could support price growth, especially if adoption increases over time.

Challenges and Disadvantages

Despite its strengths, BasedAI faces several challenges. The main disadvantage is its recent price volatility, which may deter risk-averse investors. Such fluctuations can result in losses and can be challenging for investors trying to forecast the asset's future performance. Furthermore, the project must constantly evolve to meet the competitive pressures of other cryptocurrencies that may offer similar or superior technologies.

Another challenge is the dependency on broader market trends. As with most cryptocurrencies, BasedAI's price is often influenced by external factors, including regulatory developments and market sentiment. This reliance can be a double-edged sword, potentially leading to rapid gains or steep declines.

Future Outlook

The future outlook for BasedAI appears cautiously optimistic. Given the ongoing interest in AI and crypto, as well as the expanding use cases for these technologies, BasedAI has the potential to find its niche within the ecosystem. Continued development and innovation, alongside a commitment to community engagement, will be crucial for building a solid user base and ecosystem.

Investment in BasedAI should be approached with a thorough understanding of its potential and risks. As the cryptocurrency landscape evolves, staying informed about technological advancements and market trends will aid investors in making educated decisions.

Conclusion

In summary, BasedAI presents a fascinating case within the cryptocurrency market, characterized by its unique focus on artificial intelligence and significant price movements since its launch. While it has potential advantages, associated risks are noteworthy. Future investors are advised to conduct thorough research and consider market conditions before investment.

For further insights, you can explore the project’s whitepaper here and visit the official website at getbased.ai.

General Information
from price $3
Title BasedAI
Symbol basedai
Whitepaper https://arxiv.org/pdf/2403.01008.pdf
Website https://getbased.ai
Community -
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 3.38 $
High 24h 3.65 $
Low 24h 3.33 $
Price Change 24h -0.1064483302883 $
Price Change % 24h -3.04912 %

Market Data
Market Cap 120843683
Total Volume 1880871
Market Cap Change 24h -3687014.4232692
Market Cap Change % 24h -2.96073 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 35669420
Total Supply 35669420
Max Supply -

Historical Data
All Time High (ATH) 11.12
ATH Change % -69.40849 %
ATH Date 2024-04-12 04:55
All Time Low (ATL) 1.61
ATL Change % 111.35476 %
ATL Date 2024-08-05 13:45