In this article, we dive into the Bad Idea AI crypto project and analyze if you should buy the BAD token. We’ll first ensure you know what this project is all about. As such, we’ll take a closer look at Bad Idea AI’s official website and socials to try and determine what makes the BAD coin unique (if anything).
We’ll also walk you through the BAD token’s price action and try to speculate on where the price of this hybrid meme coin could go. However, as you may know, both fundamental and technical analysis is quite far from perfect, especially when it comes to the newly created coins with memetic attributes – these are highly unpredictable.
Fortunately, you can (and should) look closer at altcoin’s real-time, on-chain data. After all, on-chain activity always precedes price action. So, keeping an eye on this type of immutable data gives you the upper hand when investing in altcoins. If the token is gaining on-chain traction (e.g., more buyers than sellers), the price will likely increase.
And, there’s no better tool for user-friendly real-time on-chain insights than Moralis Money. You can use it to analyze individual tokens as well as discover the most undervalued crypto coins.
What is Bad Idea AI Crypto?
The Bad Idea AI crypto project went live in May 2023 and is quite a unique crypto project. As the project’s official website indicates, it originates from the idea of combining blockchain, AI, and a DAO (decentralized autonomous organization). So, the first letters of these new technological concepts put together form BAD.
An important part of this project is the BAD token – an ERC-20 cryptocurrency minted on the Ethereum chain on May 5th, 2023. According to the badidea.ai website, the token will have specific use cases in the future; however, it has none at the time of writing. So, for now, BAD remains nothing but a meme coin with interesting plans for the future, which the website clearly outlines as well. Furthermore, on the website, the team behind the token clearly states that it is just an experiment, “a risky, meme-worthy concoction,” as they put it. Plus, the website also includes a clear disclaimer at the bottom:
The Bad Idea AI website also offers the “A.I. Thoughts” section, which is essentially a blog. However, there are only three posts, one from late April and two from early May 2023. So, whoever runs that blog, has been inactive for more than a month and a half.
On the other hand, the project’s Twitter account is quite engaged, with 4,900+ followers. However, the pinned tweet is a bit suspicious – it points to an article on the “bitcoinworld.co.in” website that is no longer there:
So, to really understand this “bad” idea, we ought to look at the project’s whitepaper.
Bad Idea AI Crypto’s Whitepaper
The creators of this experimental crypto asset point out that they’ve handed the planning (and more) to AI and the community. As such, they kindly exclude themselves from realizing any ideas stated in their whitepaper. As such, we must take all the information provided not as plans (there’s no roadmap) but as ideas.
For starters, let’s point out that the Bad Idea AI crypto project is of memetic nature. It is ten pages long, and the entire content is rather vague. However, it does address a problem and presents a theoretical solution. It also explains the gist of the BAD token, its experimental implications and governance, and extends a community invitation. So, here is a quick summary of these topics:
- The Problem: Humanity’s use of AI could have unwanted consequences.
- The Solution: Forging an alliance where AI and humans share decision-making power by harnessing the power of blockchain and DAOs.
- BAD Token: Currently, the token has no use case – it serves entertainment purposes only. View the tokenomics section below for more details.
- Governance: Human DAOs and AI work hand in hand, with multi-sig veto power – all key decisions require the approval of multiple human signatories before they can take effect.
What’s interesting is that the project’s website talks about the team’s first initiative – the Consortium of AI for Humanity’s Advancement (“CONAIHA”) and even accompany it with “TM.” However, the project’s whitepaper doesn’t mention that initiative at all. That said, we must say that we agree with the core idea of the CONAIHA initiative. The latter points out that humanity ought to use blockchain and DAOs to ensure that AI has our best interests at heart.
Tokenomics of the BAD Token
The above image shows the BAD token’s total supply and distribution. So, you can see that there are over 831 trillion instances of $BAD, which we can confirm by looking at the token’s Etherscan page:
It’s important to point out that the overall token distribution leaves the core team in control of over 40% of the total supply. Sure, the team allocation is 4.2%, but all other allocations are also in their hands. As such, make sure to approach this project with additional caution.
Bad Idea AI Crypto Price Action – The BAD Token Chart
$BAD started trading on Uniswap on May 6th, 2023, at the initial price of $0.00000000003579. However, it didn’t stay that low for long. Within the first four hours of trading, the token increased by more than 36x. Then it consolidated and moved sideways for the following 28 hours. That period gave Moralis Money Pro users a chance to get their bags of this new altcoin that was clearly on the roll.
In the next four hours, $BAD more than doubled in price and set its new high at $0.000000001963. But the coin just didn’t have enough on-chain traction at the time to continue its rally. As such, the BAD token traded sideways, ranging between $0.0000000012-ish and $0.0000000017-ish levels for slightly more than a week.
However, on May 15th, 2023, the on-chain traction for this alt showed increasing momentum, and the price soon followed. The first leg of the run took $BAD to $0.00000000318, where it cooled down for a day or so. Then, the second leg kicked in and launched the token all the way to $0.00000001168 in less than eight hours. As such, those who entered at the bottom of the aforementioned initial sideways movement were able to almost 10x their investment.
Those who decided to continue holding $BAD had to watch it pull back more than 85% over the next 15 days. But the token found local support at the $0.0000000015-ish level. From there, the token started to recover and nearly increased its value by more than 400% over the next 13 days.
This move created the “cup” part of the “cup and handle” pattern that came to play once the next retracement broke its downtrend line (see the chart below).
Should You Buy the Bad Idea AI Crypto?
The BAD token reached its target of the cup-and-handle pattern and set its current all-time high (ATH) at $0.00000001342. Since the volume was decreasing during this final run, technical analysis (TA) suggests that a pullback is likely to follow. In that case, the most likely area of support would be in the $0.0000000076-$0.0000000088 region.
However, TA is not at all reliable for such young, memetic coins. As such, you ought to consider the token’s on-chain metrics before answering the above question. Fortunately, you can explore these types of insights on Moralis Money’s token page dedicated to the Bad Idea AI crypto.
On that page, which you can access via the interactive widget below, you can find real-time, on-chain data for $BAD. Plus, you can change the timeframes and explore how the metrics develop through time. If you see that the token is gaining on-chain momentum, it’s still a good buy. However, if the token’s on-chain traction is clearly losing its grip, then the token is not a good buy at the moment. That is especially true if the price remains high – it will come down with a very high probability.
Aside from offering real-time, on-chain data in a user-friendly manner, Moralis Money’s token pages also provide other useful info and resources. As such, they are the place to do your own research (DYOR) for alts before entering a trade.
Even though the token pages are extremely powerful resources, they are a secondary function of this awesome tool. The primary function of this ultimate tool for crypto day trading, as well as swing trades and other types of trading, comes in the form of finding altcoin opportunities early.
Start Spotting the Best Altcoin Opportunities with Moralis Money
If you’ve been around the crypto space during the previous cycles, you’ve surely noticed many altcoin rallies. However, did you know that the average altcoin tends to offer a 50-70x price increase? But to ride such runs, you need to get your timing right. That’s why it’s so invaluable to use on-chain insights.
Following this method, we found EGLD, MATIC, and several other gems in the previous crypto cycle. Then, we simply held our bags throughout the bull run when we timed our exits using on-chain insights again. As such, we pocketed several 70x-plus profits.
Back then, we didn’t have any proper tools for that purpose, so it took a lot of time for us to do the analysis. However, now you can use Moralis Money to find the same kinds of opportunities in a matter of minutes.
Plus, the tactic to find alts before the bull market even begins – and then HODL – is just one of many ways to profit. You can obviously focus on shorter timeframes and catch multiple pumps and dumps along the way. Moreover, many individual altcoins or specific altcoin categories tend to gain in value throughout the cycles, even during the bear market.
For instance, just look at the 2023 memecoin season that propelled many tokens on 10x, 100x, 1000x, and even larger runs. Some of the latest examples include LOLA, UNLEASH, Daomatian, and 4CHAN. However, the real paradigm-shifter remains the PEPE token and its 100,000x-plus 21-day rally.
Moralis Money users, especially those on the Pro plan, were able to catch many of these altcoins before they pumped. In fact, here are just some of the success stories submitted by traders that have been profiting thanks to this powerful on-chain tool:
Moralis Money Quickstart – Go Beyond the BAD Token Today!
If you are ready to join traders in the know, start using Moralis Money to find altcoins before they pump today!
Use the following tips to help you get going with no fuss:
- Use premade filters to generate your first dynamic list of altcoins with potential:
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- The Coin Age metric is the one to use if your goal is to find newly created coins. If you wish to spot increasing on-chain momentum in more seasoned alts, use the Market Cap filter. Then, combine either of the above two metrics with filters like Buyers, Experienced Buyers, Experienced Net Buyers, and similar to detect tokens with increasing on-chain momentum. Don’t forget to reduce your risk by applying the Security Score filter.
- If your filter combinations return good results, save that query and start running it on autopilot:
- Before investing your money, always use Moralis Money’s token pages to research alts with promising potential:
If you are ready to start putting the above tips to practice, visit Moralis Money’s homepage or use the interactive widget below. Also, remember that Moralis Money doesn’t limit you to the Ethereum chain. At the time of writing, you can already target BNB Chain, Polygon, Arbitrum, Fantom, Optimism, and even PulseChain.
Exploring the Bad Idea AI Crypto – Should You Buy BAD Token? – Summary
In today’s article, you had an opportunity to find out what the Bad Idea AI crypto project is all about. As such, you now know that for now, the project only offers the BAD token, which is yet another meme coin. However, according to the Bad Idea AI website and whitepaper, the team behind the project has some interesting ideas and intentions. If they manage to take action on those ideas, this experimental project will combine the power of blockchain, AI, and DAOs. Of course, only time will tell if $BAD will actually become something more than a meme coin.
However, even in this early stage, you can trade BAD if you want. Now you know how to determine if this token deserves your attention at any given moment. After all, you learned that the key lies in real-time, on-chain data. Fortunately, you can access those insights with Moralis Money without breaking a sweat.
Nonetheless, you also had a chance to learn how to use Moralis Money’s primary function to spot altcoin opportunities early. So, make sure to use the above-provided tips to embark upon this high-risk, high-reward journey!
It’s your time to find those alts with 50x-plus potential before they take off! Make sure to start today and be ready once the next bull run begins!
