Microsoft’s recruitment of former OpenAI CEO Sam Altman spurred artificial intelligence cryptocurrencies into action.
Recently, there have been artificial intelligence developments that closely concern the crypto market. OpenAI, one of the platforms that started the artificial intelligence trend in the world, shook the agenda with its CEO change. Sam Altman, developer and CEO of OpenAI, has resigned. Twitch’s former CEO was appointed instead of Sam Altman.
Microsoft announced the important development of the day. Microsoft stated that Sam Altman was included in the staff for artificial intelligence initiatives. Sam Altman and Microsoft agenda stimulated the artificial intelligence coins in the crypto market.
The artificial intelligence train took off with the driver Sam Altman
Sam Altman, developer and former CEO of OpenAI, moved to Microsoft. This move literally brought artificial intelligence coins back to life. Strong increases were seen in FET, AGIX, OCEAN and GRT, especially Sam Altman’s crypto project Worldcoin (WLD).
Artificial intelligence, one of the newest categories of the crypto market, could not make its long-awaited debut. While all eyes were on when the artificial intelligence trend would begin, Microsoft’s move aroused excitement. Microsoft’s inclusion of Sam Altman to the team indirectly affected Worldcoin.
Worldcoin (WLD) celebrates Microsoft and Sam Altman news
Worldcoin (WLD), founded in 2019 by OpenAI’s former CEO Sam Altman, Max Novendstern and Alex Blania, took off with the Microsoft news. WLD raised expectations with Sam Altman joining the Microsoft team.
Altman, who was behind WLD, moved to Microsoft, causing instant volatility. WLD increased by 17 percent in a short time. WLD, which rose to $2.70, retreated to $2.4 after sales pressure.
Microsoft, which focuses on artificial intelligence initiatives and does not have a negative view towards cryptocurrencies, can be seen as a potential bullish factor for WLD. With Altman’s involvement, WLD can be said to be part of Microsoft. The price will be positively affected by the possible collaboration between Microsoft and WLD. However, WLD is in a precarious situation regarding token economics (supply situation). Approximately 1 percent of WLD’s supply appears to be in circulation. According to CoinMarketCap data, WLD’s maximum supply is at 10 billion. There are only 115 million WLD units in circulation.
WLD, which currently has a market value of $276 million, will reach $25 billion when its entire supply is put into circulation. The biggest obstacle to the rise for the coin, which has a large emission, may be the supply situation. Still, WLD, which may be the pioneer of the artificial intelligence trend, has the potential to rise in the short term. Sam Altman, Microsoft and the AI trend could push WLD to $5.5. WLD could continue its uptrend as long as it remains above the immediate support at $2,185. WLD’s resistance levels will be $2.6 and $2.75. If these areas are exceeded, WLD will clearly create new resistance levels.
Artificial intelligence trend: FET, OCEAN, AGIX and GRT are at the top
The Microsoft and Sam Altman news cycle has given a boost to AI coins. According to CoinMarketCap data, AI coins experienced a 30 percent increase in volume overall. In the last 24 hours, the total transaction volume of artificial intelligence coins increased by 30 percent and reached 1.2 billion dollars. The total market value of artificial intelligence coins increased by nearly 10 percent to 8.6 billion dollars.
FET is playing for the top
The general rise of the artificial intelligence market has also highlighted the popular cryptocurrencies in the category. FetchAI (FET), one of the artificial intelligence projects, has increased by more than 15 percent in the last 24 hours. FET became the leading name in the rise of artificial intelligence.
FET transaction volume increased by 56 percent in the last 24 hours and reached 211 million dollars. Additionally, FET market value increased by 16 percent to $461 million. Breaking through the $0.55 resistance, FET has rang the bells of a potential bull run.
If the AI trend continues, $0.6071 resistance can be followed for FET. If this resistance zone is breached, FET price could test $0.745. $0.80 will be a critical resistance point in FET’s possible bull run. Exceeding this zone could become an important driving force for the price to move towards $1.
OCEAN is on the rise
Another emerging artificial intelligence project was Ocean Protocol (OCEAN). OCEAN has experienced a 15 percent increase in the last 24 hours. OCEAN became the second artificial intelligence coin at the top after FET.
OCEAN transaction volume increased by 135 percent in the last 24 hours, reaching 91 million dollars. OCEAN’s current market value increased by 14 percent to 285 million dollars.
OCEAN is seen as one of the projects that will stand out in the possible artificial intelligence trend. The $0.5026 region is of critical importance for OCEAN. Persistence above this zone could push OCEAN price to $0.5746. $0.5746 is seen as one of the most important resistance points of OCEAN. If this zone is exceeded, intermediate resistances of $0.6120 and $0.6823 can be tested, respectively. The final target will be $0.75.
GRT said I’m in too
Another project involved in the rise of artificial intelligence was The Graph (GRT). GRT hosted a 10 percent increase in the last 24 hours. In the possible artificial intelligence trend, one of the most notable names may be GRT.
GRT transaction volume increased by 97 percent in the last 24 hours and reached 92 million dollars. The market value of GRT, which attracted intense interest, reached 1.33 billion dollars with an increase of 10 percent.
Looking at the GRT chart, a significant break can be seen if the artificial intelligence trend begins. GRT could see a potential rise to $0.15, $0.175 and $0.2 respectively. In this potential bullish scenario, the $0.1647 resistance and $0.1883 resistance will play an important role. Breaking these resistance points could push the GRT price to $0.2.
AGIX made a splash with its rise
Another crypto project that joined the artificial intelligence trend was SingularityNET (AGIX). AGIX rose 15 percent in the last 24 hours and took its place at the top. AGIX may be at the top in terms of market value and project potential.
AGIX trading volume increased by 128 percent in the last 24 hours. With this increase, AGIX’s 24-hour trading volume reached 155 million dollars. The market value of the popular cryptocurrency increased by 15 percent in the last 24 hours, reaching $400 million.
Looking at the AGIX chart, it can be seen that a big rise is coming. AGIX rose from $0.248 to $0.32 in the last two days. The eye-catching AGIX has increased by 15 percent in the last 24 hours and 30 percent in the last 48 hours.
AGIX is bound to sustain above $0.325 in a potential bullish scenario. If persistence in this region is achieved, AGIX price may rise up to $0.365. If AGIX exceeds the $0.365 resistance, the $0.40 resistance can be tested. AGIX must surpass $0.40 and persist above it on the potential rise to $0.4575.
Artificial intelligence coins rose by following the trend. The continuation of this rise and resistance breaks depend on the market remaining positive. If the BTC price remains positive and the AI trend continues, it may reveal various bullish scenarios.
