TROY (ETH: $TROY) is a token that aims to combine the power of artificial intelligence, the blockchain, and the gaming industry. Recently, the price surged after a series of futures listings on several exchanges.
TROY Futures Listed On Major Exchanges
On October 31, 2024, Bitget, a major crypto exchange, announced it had listed TROY futures trading. The announcement came on the same day that Binance announced a similar offering to its traders. Following the announcements, the token’s price has been on an upward trajectory, and as of November 6, 2024, it was up 32.73% in the past seven days to $0.00432.
Another boost for the project came when it announced on X that it had received funding from Unicorn Verse, known for its investments in crypto projects like Ponke, Simon’s Cat, and LeverFi.
What Is TROY?
The project’s whitepaper states that TROY is a blockchain network on which TROY Play runs. It is designed as a marketplace for AI agents, who can access it via TROY ID. The platform allows participants to import AI agents from other networks like AgentStudio, and as well as other third-party apps.
The network features the TROY DAO and TROY Trade, with the former being a membership platform that gives members certain benefits like early access to AI agents. The TROY Trade platform is designed to support the growth of AI projects built on the networks. Recently, the developer team has announced a $10 million ecosystem fund to support development efforts.
Recent Price Surge
TROY has been on an upward trajectory since the start of October following the listing on Binance and Bitget. In the previous month, it had sunk to an all-time low of $0.001119 on September 7, 2024, but it has since recovered by 282.12%.
Despite these recent gains, the token has room for growth; it is trading at an 88.96% discount to its all-time high of $0.03874, which it achieved on September 20, 2021.
Social Media Following
TROY has a massive social media following, with 191.5K followers on X, and 26,636 members in its Telegram group. On Discord, it has 9,915 members.
Could TROY Rise To A New All-Time High?
Since it bottomed in late September, TROY’s price has risen by triple digits. The recent listing on Bitget and Binance could help bring more awareness to the project and raise interest in it. Additionally, investors suffering from meme coin exhaustion, who are in search of projects with a long-term use case, may start moving into the project.
Consequently, the project could achieve a new ATH by 2025 as momentum keeps building up. However, in the short term, there is a risk of investors taking profit following the huge triple-digit gains in the past two months.
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