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Worldcoin price fell 10% to trade at $7,376 as of 2:50 AM EST time, while trading volume fell 10%.
Other AI crypto sector tokens, including Fetch.ai (FET), Render (RNDR), SingularityNET (AGIX), and the Akash Network (AKT), are also in the 5% to 10% range. The sector’s market cap is up only a fraction because meme coins are having all the fun.
????Meme story
For those who ignore memecoins, let me remind you that in the 2021 bull market, memes were THE best performing story of the year.
Ranked No. 1 story three times with an average return that far exceeds all other stories ranked No. 1 pic.twitter.com/HHcr1dJ0sM
— Crypto Koryo (@CryptoKoryo) March 5, 2024
Nevertheless, the drop in Worldcoin price, as well as that of its peers in the meme coin sector, could be a good buying opportunity. NVIDIA 2024 GTC AI Conference, the largest event organized by the company, is scheduled to take place between March 18 and 21 in Silicon Valley. During this event there will be more than 300 exhibits spread over more than 900 sessions.
It certainly feels like the market is giving us AI coins on a platter just before NVIDIA’s big dance! Speaking of AI, working on something cool @SocialHypeIOmarrying AI and Web3!
— Lexus Pfeffer ???????????? (@Lexus__Pfeffer) March 4, 2024
In the past, such Nvidia events have seen AI crypto tokens deliver double-digit weekly and monthly profits for their respective holders.
One theory for the ongoing correction is profit taking as traders capitalize on recent gains. Nvidia became a top three company globally by market capitalization after overtaking Saudi Aramco, data shows companiesmarketcap.com shows.
Companies by market capitalization
This sprint is likely inspired by the growth in the importance of AI technology to everyday life, especially in terms of functionality, which continues to drive AI cryptocurrency prices. The NVIDIA 2024 GTC AI conference could inspire a comeback among AI crypto tokens.
For the layman, Nvidia Corporation is an American multinational technology company that has a major influence on AI cryptocurrency, as it makes the chips that power the AI functionality.
Worldcoin price forecast ahead of Nvidia conference
Worldcoin price remains above the support provided by the rising trendline at the psychological level of $7,000. The level to beat is $8,569, but the market currently favors the downside. To start, the Relative Strength Index (RSI) is moving below its signal line (yellow band), with the overall southerly direction indicating waning momentum.
The Awesome Oscillator (AO) histogram bars also decrease in volume and steadily move into negative territory. This increases the chance of a prolonged fall. To make things even bolder for the Worldcoin price, the Moving Average Convergence Divergence (MACD) indicator has crossed below the signal line (orange band). This crossover is considered a bearish sell signal.
Increased seller momentum could push Worldcoin’s price below the psychological $7,000 level, potentially extending the $6,000 mark. To negate the big picture bullish outlook, Worldcoin price needs to break and close below $4,207. Such a move would represent a drop of 40% below current levels.
TradingView: WLD/USDT 1-day chart
On the other hand, if the bulls return to the scene, Worldcoin price could surge north and break the $8,569 roadblock. A turn from this blockade to support would pave the way for more gains. This could determine the pace at which the Worldcoin price would regain the high level of $9,450, or, in a very bullish case, could extrapolate towards the psychological level of $10,000. Such a move would represent a 35% increase above current levels.
Nevertheless, as markets await a Worldcoin price comeback, investors are rushing to get in early on SCOTTY as presales of these AI meme coins soar above $2.4 million.
Promising alternative to Worldcoin
SCOTTY, the power token for Scotty the AI, is the latest dog-themed meme coin on the market, and it could flourish as sector tokens rise. It joins its peers, Dogecoin (DOGE) and Shiba Inu (SHIB), but with a huge advantage because it is also supported by advanced AI models with practical use.
The unique blend of meme coins and AI could catalyze a SCOTTY wave.
As cryptocurrency markets rebound, driven in part by spot Bitcoin ETFs (exchange-traded funds), cybercriminals continue to emerge to exploit unsuspecting crypto investors. With Scotty the AI, the crypto community now has a new defense system against this growing threat using advanced AI models.
To do this, Scotty the AI searches the endless lines of code to identify potential threats hidden deep within smart contracts. It also reveals bugs that smart contract developers may have inadvertently missed. Security threats or bugs identified in the code are immediately flagged so that holders cannot interact with the smart contract. This prevents a possible loss of money as a result.
The project is in the pre-sale phase, with sales rising past $2.4 million on its way to its $2.656 million goal. Investors looking to purchase SCOTTY can do so for $0.0073. This price will only last a little less than 10 days before another price increase, so act quickly if you plan to buy.
????ScottyTheAi #1 memecoin of 2024
????Phase 11 of the public presale is now sold out!
????Phase 12 now live and moving fast. BUY before the price rises in the next phase.
TO BUY $SCOTTY presale at https://t.co/zRmy4g8hfW#memecoin #Bitcoin #crypto #Ethereum pic.twitter.com/honbsVR63i
— Scotty de Ai (@ScottyThe_Ai) March 5, 2024
You can also stake your SCOTTY tokens for an annualized return (APY) of up to 71%. Token rewards are distributed to users at a rate of 82.5 $SCOTTY per ETH block.
Visit and purchase SCOTTY here.
Also read:
New Crypto Mining Platform – Bitcoin Minetrix
- Controlled by Coinsult
- Decentralized, secure cloud mining
- Earn free Bitcoin every day
- Native token now on pre-sale – BTCMTX
- Staking Rewards – Over 50% APY
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