Cryptocurrencies Price Prediction: Bitcoin, Floki & AI – American Wrap 29 February

FXStreet Team FXStreet

Bitcoin price stalls as Grayscale approaches SEC for options on spot BTC ETFs

Bitcoin (BTC) price has recorded an impressive rally this week, recording milestones that merited BTC for headlines across crypto news sites and X. However, the rally has lost steam as the king of cryptocurrency now confronts a supply barrier.

Floki developers plan to burn $11m tokens, reducing supply by 190B Floki

Floki (FLOKI) developers will float a proposal to burn 2% of the token’s circulating supply to increase scarcity and bump network security for the dog-themed crypto platform.

OCEAN, GRT, FET: Artificial Intelligence projects with high developer activity

Bitcoin’s (BTC) price rally catalyzed gains in several other tokens, fueling narratives like Artificial Intelligence (AI), Layer 2 chains, and meme coins. Alongside Bitcoin’s recent surge, the rising development activity in AI tokens is likely to become a catalyst that could drive gains for these assets.

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