The recently launched Destra cryptocurrency DSYNC is rising from 0% to up to 32% following a tax announced by Destra. DSYNC is the native token of the Destra Network, a decentralized AI computing platform.
According to data from CoinGecko, DSYNC is up more than 30% in the past trading day. At the time of writing, it is trading at $0.406. In early December, DSYNC hit a new all-time high, rising above half a dollar. The token’s current price is just 22% below its recent ATH.
Over the past week, DSYNC has been in an uptrend. The token is up more than 21%. However, it has fallen by 7.6% in the last month of trading.
A day before DSYNC’s price spike, the Destra Network announced via an X post that DSYNC is now tax-free. Shortly after the announcement, the token rose 13% before posting larger gains the day after.
It is possible that the recent rally was fueled by the broader rally in AI tokens. According to data from CoinGecko, the total market value of AI meme coins has crossed the $10 billion threshold, increasing by almost 30% in the last 24 hours. At the time of writing, the combined market cap is close to $11 billion.
The Destra Network is known for its optimization of AI technology within the blockchain and cloud solutions using GPU. The project has been an advocate for the use of decentralized AI agents.
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