BullBear AI Coin At All-Time High on CoinMarketCap. Can It 100x in 2023?

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BullBear AI Coin (AIBB) has rallied 253% over the last 10 days to reach record highs at $0.000000007009, according to data from CoinMarketCap. At 1:30pm UTC, AIBB had retraced from the recent highs, trading at $0.000000006272, 10% below yesterday’s swing high and 10.4% down in the last 24 hours.

The token still displays stark bullishness on longer timeframes as it is up 108% over the last week and 221% in the last 30 days. It is trading 133% above its January 1 opening and has a market capitalization of $18.8 million.

BullBear AI (AIBB) is an innovative AI crypto project that leverages artificial intelligence to forecast BULL and BEAR markets by analyzing user behavior and price movements. Its primary objective is to empower users with valuable insights for generating profits through accurate predictions of market trends.

AIBB Use cases | Source: The DeFiApe Twitter Post

By harnessing historical data of users, price fluctuations, and overall market patterns, the AI algorithm is trained to deliver the most precise and reliable information to facilitate informed decision-making and optimize investment strategies.

AIBB is the native token of the network and is used to make payments and access services within the BullBear AI ecosystem.

The recent surge in the token’s price could be attributed to a series of announcements by the team of the developments it is making within the ecosystem. This includes the launch of AICHAIN, a Layer 2 blockchain that uses AI to operate nodes, improve congestion, and reduce high transaction fees on the Ethereum blockchain. BullBear AI expects to launch the testnet of AICHAIN later this year.

🚨 The core product in the BullBear AI Ecosystem is AICHAIN

AICHAIN is Layer-2 blockchain, using AI to run node, improve congestion and high transaction fees on Ethereum blockchain. $AIBB token will be used as transaction fee

Testnet is expected to launch in Q4, 2023 $AIBB… pic.twitter.com/lhT4XE0RLp

— BullBear AI | AIBB 97% Supply Burned🔥 (@bullbear_ai) July 14, 2023

Given the recent strength displayed by cryptos in the AI space, market participants remain hopeful that BullBear AI Coin will continue its upward trajectory. Can AIBB make 100-fold returns in 2023? Let’s look at its recent price action to find out.

BullBear AI Coin Displays Strength Above $0.0000000060

AIBB price embarked on a recovery on July 5, rising more than 250% to reach new-all time (ATH) highs at $0.000000007009 on July 14. This uptick saw the market prediction coin flip all the major moving averages into support.

All the moving averages were facing upward and the Relative Strength Index (RSI) was positioned at 100 in the positive region. This reinforced the grip of the buyers on the BullBear AI coin price.

In addition, the Moving Averages Convergence Divergence (MACD) indicator was moving way above the neutral line in the positive region. This suggested that the AIBB market sentiment was still positive.

Therefore, increased buying pressure from the current level could see the price rise first toward the $0.00000000660 resistance level and later revisit the ATH at $0.000000007009. Higher than that, the BullBear AI price may rise to the $0.0000000080 psychological level or to the 123.6% Fibonacci retracement level at $0.000000008195.

Such a move would place AIBB on a path to new price discoveries allowing traders to make more returns on their investments.

AIBB/USD Four-hour Chart

Bull Bear AI Price Chart - July 15 — TradingView Chart: AIBB/USD

On the downside, the RSI showed that BullBear AI Coin was massively overbought. This suggested that the bullish momentum has lost its steam as sellers book profits. In addition, although the MACD was in the positive region, it has sent a call to sell AIBB on the four-hour cart. This happened when the MACD line (blue) crossed below the signal line (orange) suggesting that the market had flipped to favor the downside.

As such, the ongoing correction may extend with the first line of defense arising from the 78.6% Fibonacci retracement level at $0.0000005933. Additional support zones can be found at $0.0000000050 and $0.000000004496 where the 61.8% and 50% retracement lie respectively.

Losing these support zones could spell doom for the AI coin which could retrace lower to revisit the SMA before returning to the $0.000000001982 support wall.

Can BullBear AI Coin Make 100x Returns In 2023?

Predicting the potential for a cryptocurrency to increase by a specific factor, like 100x, is highly speculative and influenced by numerous unpredictable factors.

Investors looking for projects that have the possibility of making handsome returns in 2023 could consider new cryptocurrency in presale. Such a project is ChimpZee (CHMPZ) – an innovative undertaking that empowers users to positively impact the environment by conserving wildlife and natural forests. It also offers investors an opportunity to earn an income while contributing to the fight against climate change.

#Chimpzee takes the lead in saving our planet, leveraging the revolutionary potential of #Web3 and #Blockchain technologies🔥🌍

Together, we can cultivate an #Ecosystem that empowers individuals to make a difference💪🌱

Join the #ChimpzeeArmy now!🚀🌿https://t.co/Geog3EW2Ca

— Official Chimpzee Project (@RealChimpzee) July 14, 2023

The ongoing presale of ChimpZee is currently in its 7th stage, with less than 6 days remaining. During this phase, the project is offering its native token, CHMPZ, at a rate of $0.0007 per token as of the time of writing. Following the conclusion of this stage, the token presale price will increase to $0.000775.

To participate in the CHMPZ presale, interested investors are required to have ETH, USDT, or use a credit card. Notably, the project has already raised $830k, steadily approaching the remarkable milestone of $1 million with each passing day.

Visit ChimpZee to find out more about the project and how to participate in the presale.