AI16z has officially launched the beta version of ElizaOS v2, marking a significant milestone in its AI development journey. However, despite this release, the project’s native token, AI16Z, continues to struggle, remaining in a bottom-out phase with no signs of a near-term recovery.
ElizaOS v2 Beta Goes Live
In a recent post on X, AI16z founder Shaw announced the release of ElizaOS v2 1.0.0 beta, cautioning users that it is still in its early stages and that “the job’s not done.”
“Beta has been published. Be forewarned– it’s a beta. Job’s not done.”
The launch follows Shaw’s earlier discussion in January about the transition of Eliza version 2 from a solo effort to a more collaborative project involving both internal and external teams. Back then, the updated version was still in a private repository, with plans for community testing before moving to the main repository. As of now, AI16z has not provided an official timeline for this transition, indicating that it will likely happen after beta testing concludes.
Advancements in Eliza v2
Eliza version 2 is designed to tackle a major challenge in AI agents—maintaining and executing long-term objectives without continuous human input. To achieve this, AI16z has integrated Hierarchical Task Networks (HTNs) into the system. This technology allows AI agents built on Eliza to decompose complex tasks into smaller, structured steps, enabling them to execute multi-step processes autonomously. In essence, ElizaOS-powered agents will be able to not just react but also plan and act proactively.
AI16Z Token Struggles Despite Beta Release
Despite the highly anticipated release of ElizaOS v2 beta, AI16Z’s token price continues to decline. Over the past day, the token has dropped another 12%, currently trading at $0.17, below the 20-day EMA of $0.24, which serves as a dynamic resistance level. AI16Z has been trading below the 20-day EMA since mid-January, reflecting continued bearish momentum.
The token’s current support zone is between $0.15 – $0.17, while the overall trading volume stands at 190K, indicating moderate trading activity but not enough to break above the key resistance levels. AI16Z remains in a prolonged downtrend and is still trading 92% below its all-time high of $2.48, set on January 2.
What’s Next for AI16z and AI16Z?
While the release of ElizaOS v2 beta is a major step forward in AI16z’s roadmap, it has yet to spark any significant buying activity for the token. Market participants are now watching closely to see whether the final release of ElizaOS v2 will have a positive impact on AI16Z’s price action. Until then, the token remains under pressure, with no clear signs of a bullish reversal in sight.
For now, AI16z continues to refine ElizaOS, with the hope that its advancements in AI autonomy will translate into greater adoption and, potentially, a revival of its token’s value in the long run.
