There are several AI coins that rely on artificial intelligence, such as ARKM, Ocean, and Agi. I expect them to grow significantly this year.AI is one of the big trends that I was not ready to participate in because I thought they were just jokes related to ChatGPT, but in fact it made me regret: AI-tokens increased very strongly and quickly created new ATHs. ARKM is one of the tokens of the project that has a real product and is being actively used by many traders to track on-chain data, especially the behaviors of big whales in the market. When the whales are still accumulating and holding ARKM, I believe that the potential of ARKM is still very bright.
As for ARKM, according to what I read, it is one of the top 200 projects according to market value. Also they have a good roadmap and great community support that makes the Arkham project promising in the long run.
Circulating supply is not large, about 204,600,000 ARKM, but the problem in my opinion is that the total supply of about 1,000,000,000 ARKM is rather large and it would be good if they burned an amount of it in stages.
I don't expect token burning, but rather the expansion of value from the project and user demand in the future. That will be the driving force to help ARKM price increase in the long term.I agree with you about increasing the value in the future, confirming that the success of the project and the existence of a real need gives great value to the token in the future and drives more demand.
I agree with you about increasing the value in the future, confirming that the success of the project and the existence of a real need gives great value to the token in the future and drives more demand.Arkham also has a plan to buyback and burn tokens [1], but I don't think it can really have a strong impact on the token price in the long run. I'm also afraid that at some point we won't have enough tokens to use on the platform and the tokens will be too expensive to access.
But as for burning the token, I expect that the number of Total Supply is large and burning the token will give greater value. This happened with similar tokens. See, for example, BNB, despite the great value and the need for the token constantly exists due to network fees and so on, but Binance continues to burn, which gives greater value to the token. .
Arkham also has a plan to buyback and burn tokens [1], but I don't think it can really have a strong impact on the token price in the long run. I'm also afraid that at some point we won't have enough tokens to use on the platform and the tokens will be too expensive to access.It's good to hear that "Arkham also has a plan to buyback and burn tokens", that's good news.
BNB has a mechanism to burn tokens from the revenue of Binance CEX, but I don't think this creates value for the BNB token through increasing scarcity. The crypto market exists on faith, when users believe in the potential of a project, they will create buying pressure and push the token price up. Of course, burning is also one of many ways to reduce selling pressure in the market.
[1] ARKHAM BUYBACK AND BURN SALES PROGRAM (https://arkm-burn.medium.com/arkham-buyback-and-burn-sales-program-1b2058e03430)
It's good to hear that "Arkham also has a plan to buyback and burn tokens", that's good news.I don't usually like conspiracy theories, but perhaps the crypto market is still in a strong manipulation phase, so price fluctuations are often the result of whale behavior rather than supply/demand. The price of a token increases: simply because the majority of the circulating supply is already in the hands of whales and they decide to pump to be able to sell tokens at a high price. I believe that whales often follow market news and are very good at technical analysis to take advantage of very good on-chart signals to legitimize market manipulation.
But I agree with you that the burning mechanism is one of the additional ways to raise the price and is not the main factor, because as you mentioned, belief in the project and the existence of an actual need in the market are the biggest factors in raising the price.
Many tokens have a small total supply or burn large quantities regularly, but this does not help the price rise because the project is fundamentally not good or does not have the ability to develop and gain people’s interest.