Artificial Intelligence (AI) crypto coins are making a comeback with a bang following the announcement of a text-to-video update by OpenAI. This has sent demand for AI coins skyrocketing, with Fetch.ai (FET) and Worldcoin (WLD) leading the charge in the crypto world.
Fetch.ai (FET)
Fetch.ai is a decentralized network that makes AI technology accessible to everyone. It offers a permissionless platform where users can connect and utilize secure datasets. Autonomous AI agents carry out tasks, leveraging a worldwide network of information, enabling seamless execution of complex functions.
FET Price Analysis
- FET has broken out of the $1 mark and is up 90% in the past two weeks.
- The uptrend is likely to continue, with a potential breakout to $1.3161.
- The current retest of the $1 level is a buying opportunity.
Worldcoin (WLD)
Worldcoin is a blockchain-based project that aims to create a global decentralized identity network. It does this by distributing WLD tokens to individuals who participate in its network.
WLD Price Analysis
- WLD is up 204% in the past two weeks.
- It has pulled back to retest the $6.23 breakout level.
- A breakout above this level could send WLD to $10.
Conclusion
The resurgence of AI crypto coins is a sign of the growing interest in AI technology. Fetch.ai and Worldcoin are two of the leading projects in this space, and their recent price performance is a testament to their potential.
Frequently Asked Questions (FAQs)
What is a cryptocurrency?
A cryptocurrency is a digital or virtual currency that uses cryptography for security and is not subject to government or financial institution control.
What is blockchain?
Blockchain is a distributed database that is used to maintain a continuously growing list of records, called blocks. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.
What is an altcoin?
An altcoin is any cryptocurrency other than Bitcoin.
What is a bullish trend?
A bullish trend is a trend in which the price of an asset is rising.
What is a pullback?
A pullback is a temporary decline in the price of an asset during a bullish trend.
What is a breakout?
A breakout is when the price of an asset breaks above or below a resistance or support level.
What is Fibonacci retracement?
Fibonacci retracement is a technical analysis tool that uses a series of horizontal lines to identify potential areas of support and resistance.
What is market capitalization?
Market capitalization is the total value of all the outstanding shares of a company.
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