invezz.com
13 September 2024 13:26, UTC
Worldcoin (WLD) is among coins looking to hold onto gains as Bitcoin revisits support below $58,000. The same outlook cuts across several altcoins, including MonaCoin (MONA) and MaidSafeCoin (eMAID).
On Sept. 12, OpenAI announced a major development regarding the artificial intelligence company’s new AI models.
After sparking growth in the sector with its ChatGPT launch and advancements, OpenAI says its set to release new models that can think and reason before responding.
We’re releasing a preview of OpenAI o1—a new series of AI models designed to spend more time thinking before they respond. These models can reason through complex tasks and solve harder problems than previous models in science, coding, and math. openai.com/index/introduc…
The OpenAI news buoyed WLD price, with a double-digit surge pushing it to above $1.60. The cryptocurrency, co-founded by OpenAI co-founder Sam Altman, tested prices last seen in August.
However, traders keen to take profits have pulled WLD/USD lower, with 24-hour gains shrinking to around 6% as of writing.
Worldcoin was changing hands around $1.50, with trading volume up 92% to over $337 million and market cap hovering around $644 million.
Worldcoin price on the daily chart suggests bears remain present despite the recent gains. Both the Relative Strength Index (RSI) and Average Directional Index (ADX) indicate a potential for new downside action.
WLD price is also below the 20-day EMA. If the cryptocurrency breaks below $1.40, it could revisit $1.35 and potential the crucial $1.00 area. On the upside, $2 and $2.94 could be key levels to watch.
MonaCoin (MONA) is one of the oldest cryptocurrencies in the market, having launched in 2014. But like many other early coins, MonaCoin has struggled and dropped off significantly.
The price of the peer-to-peer payment network’s native coin has plummeted 98% since its all-time high above $16 reached in December 2017.
The meme-inspired coin’s social pages are inactive and lack of notable activity doesn’t help bulls.
MONA thus remains in a downtrend and 24-hour gains of about 3% means bears are likely to pounce.
MaidSafeCoin is a token native to the Safe Network. It’s a cryptocurrency that represents the pre-launch token of the network, and will see holders swap it 1:1 for SAFE tokens when it launches.
The MaidSafeCoin was issued on the Omni protocol (MAID) and as an ERC-20 token on Ethereum (eMAID). Here’s the price chart for MaidSafeCoin (eMAID).
eMAID price is down more than 9% in the past 30 days. The ERC-20 token currently trades around $0.42. Meanwhile, MAID is changing hands at $0.37 and is down roughly 8% in the past month.
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