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The Worldcoin price surged more than 30% over the past 24 hours to trade at a new all-time high of $8.37 as of 8:55 a.m. EST as investors scramble to scoop up the Sam Altman-linked altcoin.
A potential catalyst for the AI crypto’s strong performance may be Nvidia’s latest earnings report, which showed the company beat analysts’ expectations.
Other AI cryptos, including Render (RNDR), Akash Network (AKT), Bittensor (TAO) and Fetch.AI (FET), also recorded double-digit gains shortly after the earnings report was released. SingularityNET (AGIX) emerged as the biggest gainer with a 34.5% surge.
The Worldcoin Price Overcomes A Major Resistance
4-hour chart for WLD/USDT (Source: TradingView)
The Worldcoin price is in a short-term positive trend. Over the past 24 hours, it printed a series of higher highs and higher lows, resulting in the formation of a bullish price channel. This also allowed the crypto to break through the $7.830 barrier, where it continues to trade. Should the crypto achieve a sustained close above this mark today, it could have the foundation needed to keep rising in the next 48 hours.
This bullish thesis may, however, be invalidated if the Worldcoin price breaks below the $7.830 support level in the next 24 hours. In this alternative scenario, the altcoin could drop to the subsequent support level at $6.580 in the following 24 hours. Continued sell pressure at this point may even pull WLD’s value to as low as the $5.290 support level in the short term.
Technicals Suggest The Worldcoin Price Could Go Either Way
Technical indicators on WLD’s 4-hour chart are sending mixed signals. The Relative Strength Index (RSI) indicator is beginning to flag bearish, as the RSI line is falling towards its Simple Moving Average (SMA) line. Traders generally see this as an indication that buyers are losing their strength against sellers. An insertion between these two lines in the next 24 hours may also signal a bearish short-term shift in WLD’s trend.
In contrast to the bearishness expressed by the RSI, the Moving Average Convergence Divergence (MACD) is flagging bullish. The MACD line breaking away above the MACD Signal line is usually seen as a sign that a crypto’s positive trend is growing stronger.
With short-term technical indicators sending mixed signals, traders and investors will want to keep an eye on WLD’s price movements in the next 24 hours. A drop below the aforementioned $7.830 mark within the next 24 hours may be a confirmation of the bullish thesis. On the other hand, the Worldcoin price closing today’s daily candle above this key price point could signal the continuation of WLD’s positive trend.
While the Worldcoin price attempts to continue its ascent, experts say Scotty the AI could be the next dog-themed meme coin sensation to skyrocket in the coming weeks. Only in addition to its dog theme, Scotty sets itself apart with its AI smarts.
AI-Powered Fraud Detection And Prevention
Scotty the AI is the latest dog-themed meme coin to enter the market. However, what separates the project from other meme coins is that it not only capitalizes on the loyalty of its followers, but rewards devoted community members as well by serving as token holders’ on-chain guard dog.
At the heart of the project are sophisticated AI models that are designed to analyze endless lines of code. Through this analysis, the AI auditor is able to uncover insights and potential security vulnerabilities that even seasoned smart contract auditors would miss.
Two AI products are currently on offer in the Scotty the AI ecosystem. The first product is Scotty’s swap engine, which uses AI to analyze blockchain data to identify potential threats before executing token swaps for investors. The platform also offers an AI chatbot, which investors can utilize to navigate the sometimes overwhelming Web3 space.
Investors Rush To Get In Early On This Meme Coin
Investors are betting big on Scotty the AI (SCOTTY), which is evident by its presale surpassing $534K in just a few days after the ICO went live. This could be due to the alarming number of cyber criminals and scams that have cropped up in the crypto space over the past couple of months.
New Crypto AI Presale Raises Over $500,000 – Is $SCOTTY the Best Crypto to Buy Now?
Join presale now before price increases at stage 5https://t.co/zRmy4g8hfW#ETH #Bitcoin #cryptocurrencies $SCOTTY @CoinMarketCap #meme https://t.co/PuPfcEklan
— Scotty The Ai (@ScottyThe_Ai) February 20, 2024
Scotty the AI could therefore serve a critical function in the expanding Web3 space, by providing the much-needed on-chain security the sector so desperately needs.
Scotty tokens are currently priced at $0.00555, but a price hike is coming in about eight days. If you are interested, secure the lowest possible price now.
SCOTTY can be purchased here.
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