Cryptocurrency rooted in artificial intelligence (AI) OORT(OORT) Prices rose 85% in one week. This surge occurred after a post by former Binance CEO Changpeng Zhao highlighting the potential impact of AI within the BNB greenfield ecosystem.
After the altcoin’s response, sentiment towards it changed to positive. Why did this happen and will OORT prices continue to rise? This analysis reveals everything about it.
OORT rises after CZ mentions BNB Greenfield AI
On November 27, Zhao, better known as CZ, posted on X (formerly Twitter). He noted that AI often needs to be used on-chain. In the post, CZ noted that this process could promote lower transaction costs globally while providing BNB greenfield for data storage.
“AI tagging (or AI data in general) is suitable to be done on-chain. Harness low-cost labor globally, without geographic bias, and pay (small amounts) instantly in cryptocurrency. BNB Chain Greenfield provides storage capacity. More tools are still needed. Let’s make it together.” – Changpeng Zhao, former Binance CEO
Immediately after development, the price of AI coin OORT soared from $0.10 to $0.85. For your information, OORT is the native token of a decentralized AI technology project that partnered with BNB Greenfield as a storage provider in March of this year.
OORT trading volume. source: Santiment, a cryptocurrency online data platform
This dramatic price surge may be related to OORT’s integration with BNB Greenfield, a decentralized storage platform hosted on the BNB Chain. In addition to the price increase, this development also increased the trading volume of the AI-themed altcoin to $13 million, indicating increased interest in it.
However, at the time of writing, the price has fallen to $0.15 and volume has decreased to $7.05 million.
OORT price prediction: If buying momentum continues, a $0.20 rebound is possible.
The daily OORT/Dollar chart shows that Bull Bear Power (BBP) has moved into positive territory. This indicates that buyers (bullish) currently have an advantage over sellers (bearish).
When BBP is negative, bears dominate, often leading to lower prices. However, in this case, the bullish strength suggests a potential rebound in OORT price, and the data also suggests Price of BNBThis suggests that it may be strongly correlated with .
OORT daily analysis. source: TradingView
If buying pressure persists, the Fibonacci retracement indicator will altcoinThis suggests that it could rise to $0.20. Conversely, if interest in AI Coin decreases, the price may fall to $0.11. Instead, the value could fall to $0.11.
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