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Shiba Inu partner Bad Idea AI recently garnered significant attention across the global crypto realm as its native token, BAD, rallied nearly 20%. This phenomenal price rally comes primarily attributed to a listing announcement unveiled by a renowned cryptocurrency exchange, GateIO, which appears to be fueling market optimism for the token.
Bad Idea AI is an innovator in AI technology, facilitating solutions that jack up decentralized autonomous organizations (DAOs). Following its partnership with Shiba Inu, a prominent meme-based cryptocurrency, the project marked a storm of breakthroughs within the cryptocurrency realm.
According to the official announcement shared by GateIO, the new listing, BAD/USDT, commenced trading starting 9:00 AM UTC today. This announcement by the CEX showcased the firmâs efforts to offer support to the token. In turn, BADâs price rallied remarkably, as mentioned above.
#Gateio New Listing: $BAD @badideaai
Trading Starts: 9:00 AM on March 27th (UTC), 2024
Trade Here: https://t.co/rgC2ZRa2OS#NewListing #GateioStartup #Launchpad pic.twitter.com/ZrY0r6LsGm
â Gate Startup (@Gateio_Startup) March 27, 2024
Meanwhile, as seen previously, GateIOâs listing chronicles appear to have an optimistic market effect on tokens. Earlier this month, with the CEX commencing margin trading for Shiba Inuâs BONE token, even Shibaswapâs BONE price rallied nearly 10%. Bad Idea AI tokenâs todayâs surge further falls in line with this. Conspicuously, BADâs rally also aligned with Shiba Inuâs broader uptrend in the market.
Also Read: Bitcoin Miner Stronghold Digital Sued Over Environmental Concerns
As of writing, the Bad Idea AI token surged a whopping 18.18% in the past 24 hours and is currently standing at $0.00000006627. Coupled with a 24-hour trading volume surge of 69.22% and a market cap jump of 17.07%, the token sparkled with bullishness.
The projectâs listing manager, going by the name Mr. Lightspeed, further took to a post on X, claiming the listing to be a monumental stride for Bad Idea AI. In conjunction with S.A.R.A.H, an AI chatbot resulting from the collaboration with Shiba Inu, the project additionally anchors its foothold across the industry. Meanwhile, its partner Shiba Inu also noted phenomenal gains, as spotlighted by Ethereum co-founder Vitalik Buterin today.
Also Read: CryptoQuant CEO Explains Why KuCoin Wonât End Up Like FTX
The post Shiba Inu Partner Bad Idea AI (BAD) Rallies 20% As GateIO Unveils Listing appeared first on CoinGape.
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