VINE Coin skyrockets 100% after Elon Musk teases AI-powered Vine comeback
Main Idea
Vine Coin (VINE) surged over 100% after Elon Musk announced plans to relaunch the Vine app with AI integration, sparking market excitement and nostalgia.
Key Points
1. VINE's price jumped from $0.03770 to $0.07945 (110% increase) following Musk's announcement, though it later retraced to $0.05336.
2. Elon Musk confirmed plans to revive Vine as an AI-powered platform, reigniting interest in the defunct short-form video app (originally shut down in 2017).
3. The token's daily trading volume spiked nearly 1,300%, contrasting with broader crypto market declines (total market cap down 1.40% to $3.8 trillion).
4. Analysts suggest further updates from Musk could drive additional gains, but profit-taking may lead to short-term volatility.
5. The original Vine app was a cultural icon in the early 2010s, and its potential AI-driven return has drawn comparisons to current platforms like TikTok and Instagram Reels.
Description
Vine Coin is among the few tokens with bullish trends on Friday, as most digital tokens traded in red with Bitcoin weakening around the $116,000 mark. While bearish signals threaten the much-awaited altcoin season, VINE exploded from $0.03770 to $0.07945 within minutes. That led to an approximately 110% on its daily chart. The staggering surge materialized after Elon Musk sparked excitement in tech and crypto communities. The Tesla CEO confirmed plans to relaunch the short-form video app, Vine, ...
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