In a market where few AI tokens have reached all-time highs (ATHs) this cycle, $LNQ stands out by achieving multiple ATHs.
With its Stochastic RSI currently in an oversold position, another surge could be on the horizon.
The team behind $LNQ, @linq_ai, continues to innovate and expand its ecosystem, recently announcing both token burns and the launch of a new product called #Creatr. Additionally, the project has secured several new partnerships, further strengthening its position in the market.
Few AI tokens have made ATHs this market cycle and even fewer have made multiple ATHs. $LNQ falls in both categories and with its Stoch RSI currently highly oversold, a new one maybe in the offing. @linq_ai continues to develop its ecosystem and only recently announced the… pic.twitter.com/GCjBnIcGlz
— Bitcoin Ape (@bitcoinape_) September 2, 2024
Since reaching its latest ATH in late July, $LNQ has experienced a slight pullback. However, the team’s commitment to reducing the token supply through strategic burns is noteworthy.
To date, they have burned over $2 million worth of $LNQ tokens, equivalent to approximately $240,000.
The most exciting aspect is their pledge to burn the next six token unlocks, with a goal of removing these tokens by January 2025.
Over 11% Of Circulating Supply Already Burned
To put this in perspective, over 22.6 million $LNQ tokens, or more than 11% of the circulating supply, have already been burned. If the team follows through with their plan, nearly 47% of $LNQ’s circulating supply could be burned by January 2025—assuming no new tokens are released into circulation. When you consider the impact of these burns at the current token price, the financial significance is staggering.
$LNQ is the standout project in my portfolio, especially with their commitment to burning over $2 million (~ $240,000) worth of @linq_ai tokens.
The most exciting part is that they've pledged to burn the next 6 unlocks, aiming to remove these tokens by January.
If you do the… pic.twitter.com/gTIZMCKCYI
— Dark Knight 🦇 (@dark_knight_btc) September 2, 2024
This aggressive approach to token burns, combined with the successful launch of products like Marketr and Creatr, underscores $LNQ’s potential to become a significant player in the AI token space. The overwhelmingly positive response to these products is just the beginning of what $LNQ is poised to achieve, making it a token to watch closely as the market evolves.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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