The Sahara AI coin has been constantly under the market radar since its growing hype in June. Sahara is a decentralized artificial intelligence built on the Ethereum chain. It gained its popularity following the announcement of its listing on Binance exchange, resulting in a 40,389% rally within a short time frame.
After recording a new all-time high (ATH) of $0.3264 on 26th of June during the late Asian trading hours, it recorded a huge bearish pullback. This has resulted in SAHARA price crashing by over 73% within the past 11 hours with a trading volume of $618.85 million.
Notably, the crash was witnessed amid its listing on major cryptocurrency exchanges like Binance, Upbit, OKX, and Bybit. It even ignited fears of the SAHARA price plunging to $0.
For further context, according to CoinMarketCap, SAHARA/USDT pair on Binance recorded the highest volume of $167.80 million with a 27.83% share, followed by SAHARA/KRW pair on Upbit with a volume of $155.11 million.
Additionally, the SAHARA/TRY pair from Binance was the third highest combination with a volume of $31.03 million or 5.15%. This shows increasing selling pressure on these respective pairs and exchanges. With this, the market capitalization of this crypto token has dropped to $178.18 million with a listing price of $0.08734.
With a circulating supply of 20.04% or 2.04 billion and a maximum supply of 10 billion SAHARA tokens, it has a fully diluted value (FDV) of $873.4 million, this altcoin is currently holding the 184th position.
Coming to the price targets part, it is still very early to predict anything as the SAHARA price is relatively very new in the market. However, it’s expected that the crypto wouldn’t nosedive to $0 as Binance’s exposure could bring in massive inflows later on.
Further, the SAHARA token could record a major price action within a short period as Binance announcements have highlighted about the SAHARA price pool event. If the 3,000,000 SAHARA pool price attracts the attention of investors toward it, this could result in it recording increasing trading activity in the upcoming time.
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