Microsoft’s hiring of former OpenAI CEO Sam Altman brought the artificial intelligence cryptocurrency into action.
Recently, there have been developments in artificial intelligence that are closely related to the crypto market. OpenAI, one of the platforms that started the trend of artificial intelligence in the world, shook up the agenda with its CEO change. OpenAI developer and CEO Sam Altman has resigned. Sam Altman was replaced by the former CEO of Twitch.
Microsoft announced important developments today. Microsoft said that Sam Altman had been added to the staff for its artificial intelligence initiative. Sam Altman and Microsoft’s agenda propelled artificial intelligence coins into the crypto market.
Artificial Intelligence Train Takes Off With Driver Sam Altman
OpenAI developer and former CEO Sam Altman moved to Microsoft. This move virtually brought artificial intelligence coins back to life. Strong growth was 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, did not make its long-awaited debut. While all eyes were on when the trend of artificial intelligence would start, this move by Microsoft created excitement. Microsoft’s addition of Sam Altman to the team indirectly impacted WorldCoin.
WorldCoin (WLD) Celebrates Microsoft and Sam Altman News
WorldCoin (WLD), founded in 2019 by former OpenAI CEO Sam Altman, Max Novendstern, and Alex Blania, debuted with the Microsoft news. WLD raised expectations as Sam Altman joins Microsoft team.
Altman, who was behind WLD, moved to Microsoft, causing immediate instability. In a short period of time WLD increased by 17 percent. WLD, which rose to $2.70, dropped back to $2.4 after selling pressure.
Microsoft, which focuses on artificial intelligence initiatives and does not have a negative outlook towards cryptocurrencies, could 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 a possible collaboration between Microsoft and WLD. However, WLD is in a precarious position with regard to token economics (supply situation). There appears to be about 1 percent of WLD’s supply in circulation. According to CoinMarketCap data, the maximum supply of WLD is 10 billion. There are only 115 million WLD units in circulation.
WLD, which currently has a market capitalization of $276 million, will reach $25 billion when its entire supply comes into circulation. The biggest obstacle to the growth of a coin, which has a large issuance, may be the supply situation. Nevertheless, WLD, which may be the leader of the artificial intelligence trend, has the potential to grow in the short term. Sam Altman, Microsoft and AI trends could push WLD to $5.5. WLD may 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 crossed, WLD will obviously create new resistance levels.
Artificial intelligence trends: FET, OCEAN, AGIX and GRT are on top
The Microsoft and Sam Altman news cycle has given a boost to AI coins. According to CoinMarketCap data, AI coins saw 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. The total market value of artificial intelligence coins increased by almost 10 percent to $8.6 billion.
FET is playing for the top
The general rise of the artificial intelligence market has also highlighted popular cryptocurrencies in this category. FetchAI (FET), one of the artificial intelligence projects, has increased by more than 15 percent in the last 24 hours. FET became a leading name in the rise of artificial intelligence.
FET trading volume increased by 56 percent in the last 24 hours and reached $211 million. Additionally, FET’s market cap increased by 16 percent to $461 million. Breaking the $0.55 resistance, FET has sounded the alarm of a potential bullish trend.
If the AI trend continues, there could be resistance at $0.6071 for FET. If this resistance zone breaks, FET price could reach $0.745. $0.80 will be a key resistance point in a potential bullish run for FET. A price above this area could become an important driving force for the price to move towards $1.
the ocean is rising
Another emerging artificial intelligence project was Ocean Protocol (OCEAN). OCEAN has seen an increase of 15 percent in the last 24 hours. OCEAN became the second artificial intelligence coin on top after FET.
OCEAN trading volume increased by 135 percent in the last 24 hours to $91 million. OCEAN’s current market cap rose 14 percent to $285 million.
OCEAN is seen as one of the projects that will emerge in a potential artificial intelligence trend. The $0.5026 area is extremely important for the ocean. Sustaining above this zone could push Ocean price to $0.5746. $0.5746 is seen as one of the most important resistance points for Ocean. If this area is crossed, the intermediate resistances at $0.6120 and $0.6823 respectively may be tested. 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 increased by 10 percent in the last 24 hours. In the potential 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. The market cap of GRT, which attracted intense interest, increased by 10 percent to $1.33 billion.
Looking at the GRT chart, a significant breakout could be seen if artificial intelligence starts trending. GRT could see a possible rise to $0.15, $0.175 and $0.2 respectively. In this possible bullish scenario, the $0.1647 resistance and $0.1883 resistance will play an important role. Breaking these resistance points could push the price of GRT to $0.2.
AGIX makes a splash with its surge
Another crypto project joining 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 on top in terms of market cap 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. The market cap of the popular cryptocurrency increased by 15 percent in the last 24 hours to reach $400 million.
Looking at the AGIX chart shows that a big rally is about to happen. AGIX rose from $0.248 to $0.32 over the past two days. The eye-catching AGIX has increased by 15 percent in the last 24 hours and by 30 percent in the last 48 hours.
AGIX is bound to remain above $0.325 in a potential bullish scenario. If strength is achieved in this area, AGIX price could rise to $0.365. If AGIX breaks above the $0.365 resistance, the $0.40 resistance may be tested. AGIX needs to overcome $0.40 and stay above it for a possible rise to $0.4575.
Artificial intelligence coins increased following the trend. The continuation of this rise and the breaking of resistance depends on the market remaining positive. If BTC price remains positive and the AI trend continues, it could reveal various bullish scenarios.