Riding the recent wave of AI interest among crypto investors, the Worldcoin price has shot up 8% this week.
Meanwhile, the new meme coin Flockerz and its ‘Flocktopia’ DAO shows significant strength in its ICO as an analyst backs it explode.
Traders Look Toward Further Gains As WLD Breaks Key Structural Level
The AI meta is back – and traders are not overlooking Worldcoin.
Despite a rocky past, the project is seeing considerable inflows, with an 8% pump this week and 48% this month. Its market cap sits at $1.3 billion, while its 24-hour trading volume is $249 million.
Analyst Miles Duetscher highlighted that, based on Kaito AI data, AI is dominating over 50% of crypto’s total “mindshare. “
Mindshare refers to public awareness, illustrating that a lot of attention is currently on the AI sector.
FIFTY PERCENT MINDSHARE for AI.
I’ve never seen anything like this before. pic.twitter.com/iBTyygop4H
— Miles Deutscher (@milesdeutscher) October 20, 2024
This was also highlighted by prominent trader Bluntz, saying that “everyone’s going crazy over AI coins again.”
As such, Bluntz points to a recent breakout on the WLD chart, with its price making higher highs, potentially indicating a reversal after a multi-month downtrend.
since everyone’s going crazy over AI coins again, im just gonna leave this here, i think it speaks for itself.$WLD pic.twitter.com/cl6oephQRs
— Bluntz (@Bluntz_Capital) October 19, 2024
Analyst Solberg Invest suggests t
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Author: Felix Mollen
