alt
The Venice Token price rally is starting to look less like a random altcoin pump and more like a carefully engineered supply squeeze wrapped in the hottest narrative crypto can sell right now: decentralized AI.
VVV surged another 18% today after Venice CTO Jesse Proudman revealed that subscription and credit purchases on AskVenice hit a new record, beating the previous high by 10%. Traders clearly liked that. Maybe a little too much.
The real ignition point came earlier this month. On May 1, Venice cut annual token emissions from 6 million VVV to 5 million, marking the first phase of a broader reduction plan targeting 3 million by July. Less supply. Same speculative appetite. You know how this movie usually goes.
Then came the aggressive burn mechanism update on April 27. New Pro subscriptions now burn $2 worth of VVV instead of $1, directly tightening circulating supply as platform usage rises. Convenient timing.
And well, here’s the kicker: VVV already pushed to a 16-month high near $16 on May 9 before today’s continuation move added more fuel to the fire strtechingrally to $18.
The StrikeRobot partnership announcement on May 11 added another layer of hype. Venice’s private AI infrastructure is now set to support humanoid robots with AI vision and decision-making capabilities.
That gave traders the “real-world utility” headline they’ve been craving in the AI sector.
Meanwhile, broader AI-themed altcoins also benefited as Bitcoin climbed above $80,000, helping speculative capital rotate back into high-beta plays like Venice Token.
Technically, momentum indicators still scream bullish momentum. MACD and Awesome Oscillator continue reflecting strong upside strength, while community sentiment remains 84% bullish.
But let’s be real as the chart isn’t exactly calm anymore.RSI has pushed to 80, a level many traders associate with overbought conditions and possible mean reversion. CMF also sits near 0.26, a range often interpreted as potential selloff territory despite strong inflows.
If profit-taking intensifies, the $10 level in VVV price could become the key support zone traders watch next for Venice Token.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Glassnode published data revealing that 30 percent of the circulating Bitcoin supply relies on cryptography…
ZEST is trying to claw its way into the next leg higher after breaking above…
AERO is suddenly back on traders’ radar, and honestly, it’s not hard to see why.…
Crypto exchange OKX is no longer stopping at memecoins, perpetual swaps, or token hype cycles.…
After trading within a tight range, the SUI price volatility has surged as it has…
U.S. lawmakers have officially launched an investigation into prediction market platforms Polymarket and Kalshi over…
