Bad Idea AI (BAD), a partner of Shiba Inu, has soared 27% in the last 24 hours as the anticipation for Shibarium, the layer 2 solution for Ethereum, grows.
Bad Idea AI (BAD), a cryptocurrency project that explores the intersection of artificial intelligence, blockchain, and decentralized autonomous organizations (DAOs), has seen a remarkable price increase of 27% in the last 24 hours, reaching $0.0000001033 at the time of writing.
The surge is driven by the growing excitement for Shibarium, the layer 2 solution for Ethereum that is expected to launch soon by Shiba Inu, one of BAD’s long-term partners.
Bad Idea AI’s Close Association with Shiba Inu Bad Idea AI enjoys a very close association with the Shiba Inu ecosystem, as confirmed by the lead developer of Shiba Inu, Shytoshi Kusama.
As a result of this association, BAD is likely to benefit from the potential launch of Shibarium, as investors are generally bullish on most tokens that have some form of connection with Shibarium.
BAD appears as a promising alternative among tokens in the ecosystem, as it is new, inexpensive, and still building its own community.
These factors imply that BAD has substantial growth potential when compared to more established tokens like SHIB, Bone ShibaSwap (BONE), and Doge Killer (LEASH).
Based on the current price action, BAD boasts a market capitalization of $55 million, a figure that pales compared to SHIB’s $5.89 billion.
The Growth Strategy of Bad Idea AI, The growth of BAD has been very strategic, with its popularity coinciding with the time when Shibarium is achieving numerous milestones across the board.
One key goal for BAD is to increase its market cap, which will be a result of its price growth. To achieve this, the project is looking at carving out a niche for its development so that it can be self-sufficient beyond the influence of Shiba Inu.
Overall, Bad Idea AI is carving out a niche for itself, and with its current growth pace, we can expect more positive upsides in the mid-to-long term.
