Is 0G price set for breakout to $10 amid $3.3 billion volume surge? – Crypto News – Crypto News
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Is 0G price set for breakout to $10 amid $3.3 billion volume surge? – Crypto News

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10 months ago

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  • 0G price holds above $5.8 with over 60% in 24-hour gains after its mainnet launch.
  • The listing on Binance helped the price pump to $7.31 and the daily volume 2,800% to over $3.3 billion.
  • 0G price is largely bullish despite potential profit-taking.

0G, the decentralised AI-focused blockchain created by 0G Labs, surged on Monday following the launch of its mainnet and the rollout of its native token airdrop.

The token’s debut on Binance fueled strong trading momentum, sending prices to intraday highs of $7.31.

The sharp rally underscored the heightened investor appetite for projects at the intersection of artificial intelligence and blockchain technology, a theme that has been gaining traction across the digital asset market.

Market watchers noted that the combination of a high-profile exchange listing and the ongoing wave of enthusiasm for AI-linked platforms helped propel 0G’s early performance.

0G price holds above $5.8 amid $3.3 billion volume

As per CoinMarketCap, daily trading activity for the crypto project shot up by over 2,800% to $3.3 billion.

XRP tops the leaderboard in terms of 24-hour volume for top gainers among the 100 largest coins by market cap, with over $6.9 billion.

However, 0G’s figure that exceeds $3.3 billion is the second highest.

Avalanche and Aster, the other outperformers in the leading 100 coins by market, also have significant volumes amid buy pressure with $2.6 billion and $2.1 billion, respectively.

0G price outlook? Is $10 next?

Looking ahead, analysts project a largely bullish trajectory for 0G.

Short-term forecasts suggest a potential consolidation between $5.10 and $7.5 before another leg up beyond the $10.00 mark.

Bullish scenarios, including AI-blockchain adoption, will be key in both the short term and the longer term.

Investors may want to check out advancements across Decentralized Physical Infrastructure Networks (DePIN) and overall crypto sentiment.

Integrations with major AI frameworks or partnerships that include global giants like Alibaba, Nvidia and OpenAI are worth a serious focus.

The same applies to collaborations with Mira, Pyth Network and oracle and DeFi platform RedStone.

Regulatory clarity in the broader crypto market and price recovery for Bitcoin, other altcoins, could spark upside momentum for 0G.

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