While most cryptocurrencies continued to fluctuate in the last 24 hours, an unexpected altcoin challenged the market and surged 44% in the last 24 hours. Shiba Inu AI partner Bad Idea AI (BAD) token managed to rise from its intraday low of $0.00000005385 to a high of $0.00000007759. Why did the altcoin rise, trading at $0.00000006782 at press time?
According to CoinMarketCap data, BAD managed to be on the list of top gainers among the top 500 cryptocurrencies by market value. Due to the price increase, BAD’s 24-hour trading volume increased by 135% and reached $3.59 million.
Bad Idea AI managed to make crypto headlines after announcing its partnership with Shiba Inu. As a current development, at the beginning of the week, Shiba Inu leader Shytoshi Kusama announced an exciting development regarding the BAD token. Kusama talked about a meeting with members of the Bad Idea AI team to advance SHIB’s AI initiatives.
The BAD team also spoke about the meeting with the Shiba Inu leader, saying the partnership is focused on growing Shibarium with AI-centric tools. added.
Besides these, the reasons for the rise in BAD may be the support it receives from the stock markets. First, Bitget exchange recently listed BAD. This listing made it easier for the altcoin to reach more investors. Additionally, British Virgin Islands-based crypto exchange LBANK also announced that it will list BAD on its platform.
The listing featuring the BAD/USDT trading pair on Lbank’s Innovation Zone is expected to go live on October 7 at 8:00 am (UTC). The BAD team announced that a video call had been arranged for the BAD community 30 minutes before the launch and that the initial price of LBank Exchange would be lower than the market rate to maintain liquidity.
Finally, in a remarkable milestone, BAD reached 14,000 users.
You can follow the current price movement here.