The price of Worldcoin has surged by over 20% in the AI crypto market, thanks to significant progress in the AI sector and the growing trend of meme coins in the crypto world. The recent successful presale of WienerAI, an AI meme coin themed around dogs, has sparked investor interest in the doge meme coin market.
The developments in the AI crypto sector have given hope to market participants, resulting in a market capitalization growth of $40 billion with a 7.48% increase.
On the one-day chart, Worldcoin’s price is currently trending upwards, indicating the potential for higher highs. This bullish pattern is supported by an inverse event retracement indicator, which identifies a profit-taking range between 0.618 and 0.500.
Analysts predict a range of 76% starting from the breakout point, with a target price above $7.156. Crossing this level would be a positive sign, bringing the price closer to the forecasted objective of $8.838. If the market becomes even more bullish, the price could reach $9.532, indicating a return to the former range high of $11.972.
The Relative Strength Index (RSI) confirms the bullish scenario, as it is positioned well above the 50 mean, indicating high buying pressure. However, if the price fails to stay above support levels, particularly at the £3.013 seller congestion level, the entire thesis would become irrelevant.
WienerAI, an AI meme-based crypto-coin, has gained attention from the crypto community, surpassing $1 million in the presale phase. It aims to combine the success of meme coins and AI tokens, incorporating the intellectual rigor of AI, the loyalty of dogs, and the appeal of wieners. The WAI token of WienerAI, an ERC20 token, is expected to follow the trend of popular dog meme alts like Dogecoin and potentially outperform them.
Crypto fans and analysts see WienerAI as having significant growth potential, with some predicting a 100x increase in value. With 20% of the total token supply allocated for the staking rewards program, investors can passively earn rewards by staking their WAI tokens, with a maximum annual percentage yield (APY) of 853%. This provides an opportunity for investors to generate decent revenue. The fact that over one billion tokens of WAI have already been delegated to staking demonstrates the community’s strong interest and involvement in the project.
