DAO Maker (DAO) made an impressive price move today. While the altcoin was trading at $ 1.19 during the day, it managed to rise to $ 1.45 with a sudden movement. This shows an increase of over 21%.
DAO Maker is known as one of the most powerful Decentralized Finance (DeFi) platforms on the Web3. Despite this, the altcoin is not known for such notable price movements. However, the platform has made the transition to Artificial Intelligence (AI) via IguVerse. announced and that triggered the price action.
IguVerse connects real social media users and advertisers to create native & reliable advertising revenue, made possible with a decentralized ad platform being built based on a gamified app.
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NEWS CONTINUES BELOW— DAO Maker (@TheDaoMaker) February 12, 2023
DAO Maker has announced that IguVerse is the first Strong Holder Offering (SHO) in its ecosystem. Strong Holder Bidding is a fundraising model where the top investors for a given platform are selected based on their level of participation.
IguVerse is a platform that connects advertisers to social media users to create value for all participants on the board.
With the IguVerse SHO currently underway, more participants will likely buy more DAOs, increasing the current price action.
The effect of artificial intelligence on altcoin prices
The new rumor surrounding OpenAI’s AI-based platform ChatGPT has sparked a new investment frenzy in associated tokens. A current example is SingularityNET (AGIX), which topped the top-performing altcoin lists last week.
Different emerging blockchain networks are now aligned with the fundamental principles of generative AI, and many want to use it as a way to make their mark in the thriving Web3.0 ecosystem.
DAO Maker is one of the first Ethereum-based projects to host a protocol using generative artificial intelligence and pave the way for more.
You can follow the current price action here.