A little-known cryptocurrency has been named, the value of which increased by 11,712% in just a week

Editor’s note: not financial advice!

Cryptocurrency analysts have drawn attention to the Crypto-AI-Robo.com (CAIR) memecoin, created on the Solana blockchain. The value of the little-known digital asset increased by 11,712% in one week in July, rising to $ 0.1 271.

The Crypto-AI-Robo.com project promises to change the content creation industry by combining artificial intelligence, blockchain, and robotics. In recent months, these three terms have been at the epicenter of the hype, which explains CAIR’s success.

However, experts emphasize that it is dangerous to buy CAIR now. The memecoin market has been losing ground lately, and the leading meme coins in the Solana ecosystem, including dogwifhat (WIF), BONK, and Book of Meme Coin (BOME), are losing value. Only POPCAT managed to strengthen by 20%.

Even the native Solana (SOL) blockchain token is under pressure. The daily chart shows that SOL fell by 41% to $ 112 over the week. This drop almost put an end to the double bottom pattern, which promised the token a 31% rise to $ 245.

As a reminder, bitcoin suffered a significant drop today, falling by 17% within a few hours. The price of the cryptocurrency market’s flagship fell to $ 50,300. At one point, the value of BTC reached $ 49,800. The cryptocurrency’s fall coincided with the stock market’s collapse. Investors began to sell their assets en masse, fearing a further decline.