Will OORT Price Continue to Rise After CZ’s Post?
OORT (OORT), a cryptocurrency rooted in artificial intelligence (AI), has seen its price surge 85% over the past week. The jump comes after former Binance CEO Changpeng Zhao published an article highlighting the potential impact of artificial intelligence in the BNB Greenfield ecosystem.
As the altcoin reacted, the sentiment surrounding it turned bullish. But why is this happening, and will OORT prices continue to rise? This analysis reveals everything there is to know about it.
OORT rises after CZ talks AI at BNB Greenfield
On November 27, Zhao (commonly known as CZ) posted on X (formerly Twitter). He noted that artificial intelligence should be used regularly on-chain. CZ noted in the post that this could lower global transaction costs while also Offer BNB Greenfield For data storage during the process.
“AI tagging (or AI data in general) is ideally suited to be done on-chain. Leveraging a global low-cost workforce without geographic bias, (micro)paying their wages instantly in cryptocurrency. BNB Chain Greenfield provides storage capacity .More tools still need to be built,” Zhao said. wrote.
Minutes after the development, the price of AI coin OORT surged from $0.10 to $0.85. For context, OORT is the native token of a decentralized artificial intelligence technology project that partnered with BNB Greenfield as a storage provider in early March of this year
This sharp price surge may be related to OORT’s integration with BNB Greenfield, which is hosted on BNB chain. In addition to the price increase, this development also pushed the artificial intelligence-themed altcoin’s trading volume to $13 million, indicating increased interest in it.
However, as of this writing, the price has dropped to $0.15, while volume has dropped to $7.05 million.
OORT Price Prediction: A possible rebound to $0.20
The daily chart of OORT/USD shows that Bull Bear Power (BBP) has entered positive territory, indicating that buyers (longs) currently have the upper hand over sellers (shorts).
When BBP is negative, bears dominate, often causing prices to fall. However, in this case, the strength of the bulls suggests that OORT price may rebound, and the data also suggests that it may be related to Binance Coin Price.
If buying pressure persists, Fibonacci retracement indicators indicate Altcoins A climb to $0.20 is possible. Conversely, if interest in AI coins wanes, the price could drop to $0.11. Instead, its value may drop to $0.11.
Disclaimer
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