Ai16z’s Eliza v2 beta has officially been released, but AI16Z remains in the bottom-out phase with no signs of recovery just yet.
In his recent post on X, the founder of ai16z (AI16Z) Shaw announced that ElizaOS v2 1.0.0 beta has been released, warning users that “it’s still a beta” and that “job’s not done.”
On Jan. 16, Shaw discussed progress on Eliza version 2, emphasizing its shift from a solo effort to a more collaborative development involving both internal and external teams. At that time, the new version was in a private repository, with plans for community testing before being moved to the main repository in about two months. However, the move to the main repository is yet to be announced. It will likely be after beta testing is complete.
Eliza version 2 aims to address one of the key challenges faced by AI agents, which is setting and following long-term objectives without constant human input. To tackle this, ai16z has integrated Hierarchical Task Networks into Eliza version 2. HTNs will allow AI agents built on Eliza to break down complex tasks into smaller, structured steps and autonomously execute multi-step processes. In other words, agents built on ElizaOS will be able to not just react but plan and act proactively.
Meanwhile, ai16z’s meme token AI16Z is still bleeding, down by 12% in the past day. The price has bottomed out and is currently trading at $0.17, below the 20-day EMA of $0.24, which acts as its immediate, dynamic resistance. The price has been trading below 20-day EMA from around mid-January, indicating bearish momentum. The local support zone is at around $0.15 – $0.17. The current volume is 190K, indicating some trading activity but not enough to push it above the 20-day EMA.
To conclude, AI16Z remains in a prolonged downtrend with no clear signs of an upcoming bullish reversal. Despite the arrival of the ElizaOS beta, there hasn’t been any noticeable uptick in buying activity. The token is still trading 92% below its all-time high of $2.48, set on Jan. 2. All eyes are on the price in the run-up to the final release of ElizaOS version 2.
