The Destra cryptocurrency, known as DSYNC, experienced a remarkable surge, jumping over 30% after Destra announced the token is now subject to a 0% tax. DSYNC, which acts as the native token for the Destra network—a decentralized AI computing platform—witnessed a price increase of more than 30% in a single day. Currently, the token is trading at $0.406, though it had previously reached an all-time high of over $0.50 in early December.
Over the past week, DSYNC has gained over 21%, but still remains 22% below its recent peak. The announcement of its tax-free status, which was shared on Destra’s official X account, caused an immediate spike of 13%, followed by more significant gains the following day.
This increase may be part of a broader trend, as AI tokens have been rallying. Data reveals that the market value of AI-themed meme coins surpassed the $10 billion mark recently, growing by nearly 30% in just one day, with the total market cap approaching $11 billion.
Destra Network is recognized for its advancements in AI technology, focusing on its application within blockchain and cloud solutions through GPU technology. The network is currently developing a platform, Destra Sentient, designed to offer traders AI agents that mimic human thought and communication, pushing for enhanced digital interaction.
As the fusion of AI and blockchain technology continues to develop, platforms like ZKsync and Ripple Labs are making strides by integrating AI within their ecosystems. Industry experts note that while AI constitutes just 1% of the total crypto market cap, its influence is expected to grow significantly as AI tokens gain traction.
