The US Dollar and 10-year US Treasury Bond fell while risk assets soared following Wednesday’s soft Consumer Price Index data.
The headline CPI figure aligned with market expectations, rising 2.9% year-over-year and 0.4% month-on-month. More notably, the core CPI increased by 3.2% annually and 0.2% M/M, coming in below the forecasted 3.3% and 0.3%, respectively.
Crypto prices skyrocketed following the weak core CPI print, with the Bitcoin price hitting just shy of $100k and XRP reaching $3 for the first time since 2018.
However, AI agent coins are stealing the spotlight with a 25% growth in their cumulative market cap today. Experts are viewing VIRTUAL, AI16Z, AIXBT and new tokens like MIND as the best investments in the sector.
Is The Crypto Bottom In Following Weak CPI Print?
The broad-based recovery in the crypto market certainly suggests that Monday’s “long-legged doji” BTC candle to $89,000 could have been the local bottom.
The Bitcoin price is trading at just under $100,000 two days later.
Bulls calling Wednesday’s CPI “the most important inflation reading of their lives” wasn’t just a meme. The soft CPI print appears to have invalidated all bearish scenarios, considering even bulls like Fundstrat’s Tom Lee were gearing up for a drop to the $50k -$70k zone.
In addition, Tuesday’s Producer Price Index data and the UK’s CPI also revealed that inflation concerns may have been overblown, even as levels remain far away from the Fed’s 2% target.
For instance, the supercore CPI saw its lowest print since July of 2024.
The US Dollar and the 10-year Treasury Yields, both of which have an inverse relation with BTC, fell following the weak CPI. In fact, DXY momentarily fell below 109 after trading as high as 110 on Monday, resulting in a broad-based crypto market rally.
It is typically during these broader market recoveries that smart money investors find the best cryptos to buy. Tokens with the largest bounce have the highest latent demand.
Unsurprisingly, AI agent coins are leading the charge. Virtuals Protocol (VIRTUAL) and ai16z (AI16Z) have posted the highest gains of any top 100 cryptocurrencies, rallying by 27% and 20%, respectively.
The AI agent market cap is up by 25%, data from CoinGecko reveals. It is clear that AI agent coins and AI meme coins will be among the top performers in the upcoming altseason.
Which Are The Best Cryptos To Buy Now
As previously stated, VIRTUAL and AI16Z are the two top performers in today’s market recovery, which suggests they have the most latent demand, making them the two best AI agent coins to buy.
Legendary trader Bluntz is also bullish on AIXBT, particularly following its Binance spot listing. The AIXBT price is also up by 17% today, suggesting strong demand for the token.
However, smart money investors are also searching for low-cap AI agent coins, eyeing 10x to 100x returns. Unsurprisingly, a new token in the sector, Mind of Pepe ($MIND) has raised over $1 million in its ICO in just a span of a few hours.
The project promises a “self-evolving AI agent” with its own X account, much like AI16Z. Besides cutting-edge AI tech, Mind of Pepe will also rely on community intelligence for market alpha.
$MIND holders are in store for alpha market insights, trading strategies and a front-row seat to a paradigm shift. Moreover, early MIND buyers are also benefitting from its native staking protocol, which is currently offering a reward rate of over 1500%.
Considering the demand for low-cap AI agent coins, it is no surprise that smart money investors are viewing Mind of Pepe as a 10x investment in the coming weeks.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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