Alchemist AI (SOL: $ALCH) is an ambitious AI-based crypto project that aims to empower the masses to launch apps with a simple description. Its goal is to push what is possible with a no-code development platform (NCDP).
How Alchemist AI Works
The platform creates apps using Natural Language Processing (NLP), Web Framework Integration, Code Generation, and access to a Limited OS API. The large language model (LLM) is crucial to the platform’s workings and handles all aspects, including code generation.
The system uses the input to determine the type of app a user wants. Based on the app type, it selects a template and outputs executable code. This process entails generating HTML, CSS, and JavaScript, which are key to modern apps.
Once the app is created, it can be rendered in an iframe, where users can interact with it and provide real-time feedback. The AI can then utilize the feedback to enhance the app. On the Alchemist AI website, they have provided a useful tutorial on how to forge your first app.
The Arcane Forge Marketplace
Within the ecosystem, there is a marketplace where users can sell their apps and tip other creators, with all transactions powered by the native ALCH token. Over 100 apps are already available on the Alchemist AI website. In a recent X post, the team revealed they plan to launch a mobile app soon.
ALCH Tokenomics
The total supply is capped at 1,000,000,000 $ALCH, with 85% of the total supply in the liquidity pool.
AlCH Market Cap Soars
On Thursday, December 5, 2024, the ALCH market cap soared over 80%. This upward trend continued on Friday, December 6, 2024, with the token gaining 28.1% to $0.06816, with a market cap of $58.45 million. The ALCH token, which went live on November 27, 2024, has a 24-hour trading volume of $18.21 million and a circulating supply of 850,000,000 ALCH.
ALCH tokens achieved their all-time high of $0.0837 on December 2, 2024, and have since dropped 17.4%. Since their all-time low of $0.03711 on December 4, 2024, the tokens have appreciated 86.4%. The tokens are available for trading via the decentralized exchanges of Raydium, Orca, and Meteora.
How High Could ALCH Token Rise?
The Alchemist AI (ALCH) token is part of a promising ecosystem that harnesses AI to launch web-based apps. Thus far, the ecosystem has been quite successful, with over 100 apps already launched on the marketplace.
Despite being less than two weeks old, the project has gained a huge following online, with 11.7K followers on X. Looking at the on-chain data, there are 16,377 holders and over 609,569 transactions to date, which signals a lot of activity within the ecosystem.
The upcoming launch of a mobile app could help increase the project’s reach and demand for ALCH tokens. As such, Alchemist AI could become one of the most popular projects on Solana.
Is Alchemist AI (ALCH) Your Next Big Winner?
For buyers looking at crypto projects that could potentially have long-term utility, the ALCH token is a great option. They already have a working use case, and the on-chain activity is impressive. The project already has an over $50 million market cap less than a month after launch; based on that trajectory, the project could potentially hit a $100 million market cap and high in 2025 and beyond.
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