By As Sam Altman’s OpenAI fuels big market moves, Worldcoin (Altman’s decentralized identity project) has dumped down -11%.
This article will provide an analysis of WLD’s current price trends and look to see whether a newer low-cap AI crypto alternative, SCOTTY, represents a more promising investment opportunity at this time.
higher highs is coming.#wld #WLD pic.twitter.com/cAW4lk9CuT
— Kylo Ren (@Kylo_XBT) February 28, 2024
Market sentiment surrounding Worldcoin is accelerating to a fever pitch after Sam Altman revealed OpenAI’s new video generation model, Sora, with prominent traders across crypto X (formerly Twitter) calling for price to push up to a new local high above the current range.
WLD Price Analysis: As Worldcoin Price Reels From Recent Local High – Could There be a Breakout?
As price action finds feet amid a localized retracement move, Worldcoin is currently trading at a market price of $7.26 (representing a 24-hour change of +2.66%).
The -22% retracement move comes after a huge bounce off 20DMA support (which is standing at $5.58) fuelled a magnificent +307% climb to a local high at $9.46.
WLD price is now attempting to solidify a foothold at a recently established lower support zone around $7.2, however, lower supports are available at $6 and $5.3 in the event of a breakdown.
Despite the retracement move, the RSI remains over-heated with a bearish 66.99 signal on the indicator, implying the need for a substantial consolidation at this level, or, a further drop to lower support.
However, the MACD remains at a minor bullish divergence with a reading at 0.118, suggesting that momentum is still pressing to the upside.
Overall, WLD price analysis paints a picture of a healthy consolidation move from a recent high, however, bolstered by the fundamental tailwinds of Sam Altman’s AI narrative – it seems likely a sustained consolidation here could set the stage for another big leg up – especially as Bitcoin pushes towards $60k.
To the upside, this leaves WLD price targeting a push to reclaim higher support at $8 (a potential +8.2%).
While downside risk could expose WLD price to a fall down to $6 (a possible -18.8%).
Consequently, WLD price analysis reveals a current risk: reward ratio of 0.44 – a bad entry characterized by significant downside retracement risk in the near future.
But whilst Sam Altman’s Worldcoin might be set to retrace and consolidate, a better play is emerging off the back of AI narrative excitement, with a lower cap entry offering alluring higher returns.
Want to Outperform WLD Price Analysis? Look No Further Than New AI Crypto – Scotty AI (SCOTTY)
Fresh-faced Scotty the AI (SCOTTY) represents a beacon of innovation in crypto, blending the cutting-edge realms of AI and blockchain to forge a path toward a new frontier in digital investments.
As we conclude our analysis of the current AI crypto market, it becomes increasingly clear that established AI coins offer mediocre returns, while Scotty the AI shines as a superior alternative.
Offering a unique proposition for those looking to diversify their portfolio, SCOTTY is a project that stands on the brink of revolutionizing the crypto universe.
ScottyTheAi # 1 #memecoin of 2024
investors taking advantage of cheap prices at Stage 7
Less than $150k left. Until price increases at stage 8
looking like stage 7 will sell out days ahead of time like pervious stages.
BUY $SCOTTY presale at https://t.co/zRmy4g8hfW… pic.twitter.com/2vfJDwdhtb
— Scotty The Ai (@ScottyThe_Ai) February 27, 2024
Discover the Guardian of the Crypto Universe: Scotty AI
Scotty the AI, hailed as the “Guardian of the Crypto Universe,” distinguishes itself not just through its compelling backstory but through its practical applications in the crypto space.
With AI-powered features like Scotty Swap and ScottyChat, this project goes beyond mere novelty, offering tangible benefits and utilities that address real-world needs in the crypto community.
The AI-driven Scotty Swap ensures secure, efficient token exchanges, optimizing transactions for maximum gains, while ScottyChat offers unparalleled insights into the market, making it an indispensable tool for both new and seasoned investors.
As the SCOTTY presale gains momentum, now is a pivotal time for investors to consider stepping into this burgeoning project – especially due to SCOTTY’s early presale stage at just $480k raised.
With a significant portion of the total supply allocated to the public sale, the opportunity to participate is ripe, especially given the impressive staking rewards that underscore the project’s commitment to its community’s growth and prosperity.
The roadmap laid out by the Scotty team promises a series of developments aimed at enriching the ecosystem, from community launches and token generation to exchange listings and strategic partnerships, all of which are designed to propel Scotty the AI to the forefront of the crypto market.
Worldcoin Alternative? Embrace the Future of Crypto-based Artificial Intelligence with Scotty AI
In conclusion, as we navigate the complexities and opportunities within the crypto market, Scotty the AI emerges as a compelling investment opportunity.
Its unique combination of AI and blockchain technology, coupled with a visionary roadmap and a robust presale, positions it as a project with immense potential.
For those looking to venture beyond traditional investments and explore the frontiers of the crypto universe, Scotty the AI offers a gateway to innovation, security, and growth.
Engaging with this project now could not only diversify your portfolio but also place you at the cutting edge of the next wave of crypto evolution – potentially securing you huge gains.
So connect with Scotty the AI on Telegram and X (Formerly Twitter) to stay up to date with the latest project developments.
The post Is Worldcoin About to Crash? WLD Price Dumps 11% as Viral AI Meme Coin Approaches $1 Million appeared first on Cryptonews.
