Eliza crypto has been making headlines largely courtesy of its recent listings. But is it worth paying attention to, or is it just another coin in a sea of cryptocurrencies? This is what we aim to find out and the goal is to get you informed by the time you finish reading this article.
What is Eliza crypto? It is one of the latest additions to the memecoin segment. It is reportedly backed by the AI16Z open-source AI-powered movement. It also happens to be a Solana-based cryptocurrency.
The latest hype about Eliza crypto was mainly because of its exchange listings. Its primary listing occurred on Bitmart on 19 November. It has since been listed on multiple other exchanges including Gate.io and SuperEX.
Was Eliza crypto off to a troubled start?
Although this cryptocurrency has been attracting a lot of attention, it was not all for the right reasons. There was some confusion in the market initially, because there were two similarly-named coins. As a result, there were concerns about it potentially being a rug pull coin.
Despite these concerns, Eliza crypto had quite an interesting start on the first day of listing. It rallied by over 1,800% from its $0.0020 opening price on 19 November, to its $0.0458 highest price on the same day. It has since pulledback indicating that a significant profit-taking has been happening since then.
The cryptocurrency had pulled back to a $0.0177 trading price at the time of observation. This indicates that the initial demand wave had cooled down, paving the way for profit-taking. This outcome may offer some insights into the memecoin’s future.
Most coins that enjoy a lot of bullish optimism usually maintain a steady upside in the first few days of listing. That was not the case with Eliza crypto considering its retracement. Perhaps enough indication that investors were not very optimistic about the memecoin’s prospects.
On the other hand, it was still too early to determine the fate of Eliza crypto. This is because the cryptocurrency has not yet been listed on major exchanges such a Binance. However, there was speculation at the time of writing, indicating that a Binance listing could be on the cards sooner than later.
Major exchange listings can change the fate of this new memecoin. This is because availability on major exchanges add a layer of trust/legitimacy while also providing access to more liquidity.
Eliza crypto tokenomics and price prediction
Remember the confusion of 2 similarly named tokens? Well, we looked into the ai16z Eliza which had a total supply of 961.06 million tokens and a maximum supply of 1 billion tokens. Its marketcap was $19.04 million at press time.
We can conduct some price predictions using this information. Here’s a table demonstrating price predictions for the Eliza Crypto.
date | Marketcap | price |
January 2025 | $50,000,000 | $0.05 |
May 2025 | $200,000,000 | $0.2 |
December 2025 | $100,000,000 | $0.1 |
January 2028 | $1,000,000,000 | $1 |
Note that these predictions lean more on the arbitrary side and were on a fully diluted basis.
Conclusion
Eliza token listing has so far been a mixed bag considering the initial rally followed by pullback as a result of liquidity outflows. Nevertheless, it might be too early to judge or make a conclusion about its future based on the limited data. A few more weeks or months of clear price action should provide more actionable data and clarity regarding the level of demand.
The prospect of major listings including a Binance listing may change its fortunes but that remains to be seen. As always, this information is for educative purposes only and is not financial advice. Always conduct due diligence before you decide to ape your hard-earned money into any cryptocurrency.