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Artificial Intelligence (AI) is a token backed by advanced AI technology to help users with numerous functions. This coin uses artificial intelligence to improve user experience, blockchain security, and scalability.
Also, it supports decentralization, prediction of market behavior, and crypto asset portfolio management. AI tokens grant users access to governance within the ecosystem and full access to the vast benefits of the platform.
AI is trading at $0.0000002737, up by 4.29% at press time. Its trading volume is rising while the total market cap sits in green, indicating massive market activity.
AI Coin Experienced Price Volatility This Month
AI coin is currently undergoing a period of price volatility and fluctuation. It traded at $0.00000303 on June 1, increasing to $0.0000003075 on June 2. It returned to the $0.0000002981 price level on June 3, with price fluctuations in-between till it reclaimed the $0.0000003026 price level on June 8.
However, the bears returned it to the $0.0000002774 price level on June 11, making the asset lose most of its price momentum. June 13-14 represented a bearish period for AI, where the price moved from $0.0000002503 to $0.0000002454.
AI’s attempted rally between June 15 and 18 fell to bearish pressure when it traded at $0.0000002499 on June 19. Despite its current gains today, AI still battles with price volatility as the market forces act on its price.
AI Bulls Sustaining The Current Rally
AI is gaining today, forming a second consecutive green candle on the daily chart. Today’s candle confirms an increase in buy positions in the market, leading to a price increase for the token.
AI is trading above its 50-day Simple Moving Average (SMA), hinting at a bullish sentiment in the short term. Its Relative Strength Index (RSI) is 59.57 in the neutral zone between the overbought region of 70 and the oversold region of 30.
However, the RSI is also moving upwards, indicating the possibility of a sustained rally for the crypto asset.
AI’s Moving Average Convergence/Divergence (MACD) is above its signal line and shows divergence. It is a bullish sentiment for the asset, confirming today’s prevalent trend.
Despite the current positive sentiments, the bears are not out of the picture yet as they seek to limit AI’s price action once again. The MACD’s Histogram bars fade, indicating a possible trend reversal if the bears prevail for the asset.
Also, AI is below its 200-day SMA, a long-term bearish sentiment. This implies that although the bulls are leading today, the bears will eventually seek to regain control when the bullish pressure subsides.
AI will likely retrace in the coming weeks to consolidate its gains before launching into another uptrend.
Note that cryptocurrencies are highly volatile, and investing in them is at users’ risk. Also, proper technical and fundamental analysis and risk management techniques are essential for all traders and investors.
Top Analysts’ Insights On AI’s Price And Future Forecasts
Ambcrypto shared its AI price predictions for 2023 and beyond. In 2023, they forecast a minimum price of $0.000004, an average price of $0.000005, and a maximum price of $0.000006.
Also, in 2025, they predict a minimum of $0.0000067, a maximum of $0.00001, and an average price of $0.0000084.
By 2030, the analyst predicts a further increase in the asset. They expect that AI will trade at a minimum of $0.000024, a maximum of $0.000036, and an average price of $0.00003.
Digitalcoinprice also shared their predictions for AI coin. In 2023, they predict a minimum of $0.000000244, an average price of $0.000000534, and a maximum price of $0.000000600.
Also, by 2025 they forecast a minimum price of $0.000000802, an average price of $0.000000987, and a maximum price of $0.000000994. In 2030, the expected minimum price is $0.00000266, the average price is $0.00000275, and the maximum price is $0.00000284.
PricePrediction believes that in 2023 AI will trade at a minimum price of $0.00000031, an average price of $0.00000033, and a maximum price of $0.00000036.
By 2025, they forecast a minimum price of $0.00000067, an average price of $0.00000070, and a maximum price of $0.00000081. Also, in 2030, the expected minimum is $0.00000433, the average price is $0.00000466, and the maximum price is $0.00000514.
What’s Influencing AI’s Price
Several factors could influence the price of a crypto asset. These factors include developments in the ecosystem, inflation, regulations, and other macroeconomic activities.
Also, the laws of supply and demand and investors’ sentiment influence a crypto asset’s price. Here are some recent activities that could be behind the AI token’s current charge.
Seoul Meta Week 2023 Creating Hype In The Crypto Community
A popular Asian Web3 X Metaverse conference Seoul Meta Week will occur on June 29 in Seoul. The SMW2023 event offers various events such as conferences, networking opportunities, and receptions.
The main conference, dubbed METACON 2023, will be the events highlight, with Web3 Advisor at Harvard Innovation Labs Josh Drean handling a keynote session.
The tickets to the event are available until June 28. Also, the event boasts over 2500 attendees, 80 guest speakers, and more than 40 sessions and exhibitions.
Hopefully, it will connect local and international Web3 and AI lovers to share ideas. Such an event will strengthen the AI token community and fuel growth within its network.
AI Token Alternative
While AI gains in the market today, investors can benefit from a similar AI-powered trading platform. yPredict gives users an advantage in the crypto market with its valuable insights.
yPredict (YPRED)
It is a trading platform that enables regular and institutional traders to withstand whale movements and market manipulation in the crypto market.
It is an analytical platform powered by Artificial Intelligence (AI) technology, leading the new era of crypto innovation. yPredict gives traders balance and access to crucial market data and statistics for making informed trade decisions.
Also, it provides signals and insights powered by AI technology with a commendable percentage of accuracy. These insights include the technical and fundamental analysis aspect of trading and the prospects of a particular crypto project.
Such knowledge is highly profitable, especially for new traders who do not understand much about crypto market volatility. Currently, the YPRED token, the platform’s utility token, is on presale. Based on statistics, it has been successful so far, raising over $2.6 million.
The presale is in the sixth stage, and each token is currently worth $0.09. YPRED will officially list at $0.12 after the presales depicting an increase of over 28%, thus rewarding its early investors.
yPredict’s AI-powered platform is the modern Web3 tool that eliminates a significant portion of the risks associated with trading by providing timely forecasts. It uses a decentralized governance model providing users access to voting in its community with YPRED tokens.
Also, yPredict has a well-equipped marketplace where traders access stats on a particular coin or token’s progress to weigh its potential in real-time before investing.
Another interesting feature is its Learn-to-Earn (L2E) platform. This is a program where users earn rewards for learning new things on the platform. Participants who complete the training modules receive YPRED tokens as rewards.
Also, staking is part of its ecosystem, another earning avenue that yields passive income for yPredict’s users. Staking is also a powerful tool against inflation in the ecosystem. It limits YPRED’s total circulating supply, thus leading to a likely price boost for the token.
yPredict has a unique ability to recognize over 25 distinct chart patterns in the crypto market. This gives investors and traders an edge eliminating the stress of making profitable trading decisions.
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