cryptocurrency

Inside SIREN’s 865% Monthly Surge and What’s Next

At a time when many altcoins (and bitcoin) are failing to mark any gains, there is an AI-focused altcoin that is taking the crypto world by storm.

The current cryptocurrency environment does not undermine the foundations of what SIREN has done. On the contrary; many top 100 alts are red daily, or weekly, some even monthly. Even those who manage to post rare double-digit gains here and there quickly reverse their ways and head south.

And of course, there was one (for now) who ruled them all. It sounds far-fetched that a top 60 altcoin can produce a triple-digit surge in just a day, but that’s true. SIREN just did it by blasting it for 2 dollars and charging regular rates all the time.

An episode of SIREN

As the standard definitions on Google will indicate, SIREN comes from the much-hyped and hot world of artificial intelligence. “It is an AI-powered cryptocurrency project running on the BNB Chain that combines decentralized finance (DeFi) with artificial intelligence for automated trading, risk management, and smart order matching.”

In other words, it aims to combine all the right words (except Virtual Reality) from the last five years – block, DeFi, and, of course, AI. This combination brought great success. Just look at the monthly graph – a mind-blowing 865% surge since this time in February, while most other large-cap alts or bitcoin remain on the positive side.

Even if you scroll through the daily routine, stop the daily routine. SIREN is down 135% (that’s 135%, yes) in the past day. It marked several consecutive highs today, the latest being at $2.33 hours ago (remember, there may be more by the time you read this article).

SIREN price on CoinGecko

What’s Next?

The cryptocurrency community looks for and reaches for such functionality. It has grown to be expected of small alts. However, that is in a bull cycle, and the current environment is anything but. So, while some were caught off guard by the big SIREN operation, the calls to X are pretty amazing.

Some analysts are predicting other big runs, perhaps to $10 or more. Some can’t get there as SIREN price moves faster than their posts about resistance/support levels go live.

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Interestingly, CoinGecko data shows that SIREN has become the highest YTD gainer out of the 7,000 largest cryptocurrencies. Also, that post was from yesterday when the AI ​​altcoin was ‘struggling’ below $0.90. Today, it is more than 2 times that level.

They believe that a strong part of these benefits comes from the AI ​​craze, but also from CZ’s recent actions on this issue. Whatever it is, though, remember that nothing is straightforward. In fact, there was a kind of rule that said “what goes up must come down.” It was gravity or something like that. It may seem like SIREN has escaped those rules now, but if you’re an investor looking to get in on the madness, you might want to let the situation cool down first.

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