Sahara AI Tanks Post-Listing: Is a $0 Death Spiral Next for SAHARA?

Another day, another crypto 'moonshot' crashing back to Earth. Sahara AI's SAHARA token—fresh off its exchange listing hype—is in freefall. Traders who FOMO'd in are now staring at charts bleeding red.

What Went Wrong?

Exchange listings usually pump prices—but not this time. SAHARA defied the playbook with a nosedive that'd make skydivers nervous. Was it overhyped AI promises? Or just another 'vaporware' coin getting exposed?

The Zero-Dollar Question

Now the brutal calculus begins: Is this a temporary dip or terminal decline? With liquidity drying up faster than a desert oasis, SAHARA's flirting with the unthinkable—becoming a literal shitcoin worth zilch. Remember kids: in crypto, 'AI' stands for 'Absolutely Imploding' half the time.

One cynical take? The only 'artificial intelligence' here was artificially inflating the pre-listing price. Classic pump-and-dump—Wall Street would be proud if they weren't busy doing the same thing with stocks.

Additionally, the SAHARA/TRY pair from Binance was the third highest combination with a volume of $31.03 million or 5.15%. This shows increasing selling pressure on these respective pairs and exchanges. With this, the market capitalization of this crypto token has dropped to $178.18 million with a listing price of $0.08734.

With a circulating supply of 20.04% or 2.04 billion and a maximum supply of 10 billion SAHARA tokens, it has a fully diluted value (FDV) of $873.4 million, this altcoin is currently holding the 184th position. 

Coming to the price targets part, it is still very early to predict anything as the SAHARA price is relatively very new in the market. However, it’s expected that the crypto wouldn’t nosedive to $0 as Binance’s exposure could bring in massive inflows later on.

Further, the SAHARA token could record a major price action within a short period as Binance announcements have highlighted about the SAHARA price pool event. If the 3,000,000 SAHARA pool price attracts the attention of investors toward it, this could result in it recording increasing trading activity in the upcoming time.

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