Changpeng Zhao Post Fuels 85% Surge in AI Coin OORT Price

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As a seasoned researcher with over two decades of experience in the technology and finance sectors, I have seen my fair share of market fluctuations driven by influential figures like CZ. However, predicting the exact trajectory of any cryptocurrency’s price is akin to trying to predict the behavior of quantum particles – it can be done, but with a significant degree of uncertainty.

The digital currency known as OORT, which is based on Artificial Intelligence (AI), has experienced a significant 85% increase in price over the last week. This rise was triggered by a post from Changpeng Zhao, the former CEO of Binance, who emphasized the potential influence of AI within the BNB Greenfield environment.

Based on the recent developments with the altcoin, its perception among investors has become optimistic or positive. However, one might wonder what caused this shift, and if the price of OORT is expected to keep climbing. This in-depth analysis provides all the necessary insights.

OORT Rises After CZ Speaks on AI in BNB Greenfield

On November 27, commonly recognized as CZ, made a post on X (previously Twitter). He emphasized that AI should frequently be employed within blockchain networks. In his post, CZ suggested that this could result in reduced transaction costs worldwide and provide the BNB Greenfield for data storage during the operation.

Zhao stated that AI tagging and other AI data can effectively utilize blockchain technology for processing. By leveraging low-cost, worldwide labor without geographical bias, you can instantly pay them in cryptocurrency. BNB Chain Greenfield offers the necessary storage capacity. However, more tools need to be developed to make this a reality. Let’s create those tools together!

Just moments after its launch, the value of the AI-related cryptocurrency, OORT, dramatically increased from ten cents ($0.10) to eighty-five cents ($0.85). To provide some context, OORT serves as the native token within a decentralized AI technology initiative that recently partnered with BNB Greenfield as a storage provider back in March this year.

The significant increase in price for OORT could be due to its integration with the BNB Greenfield, a decentralized storage system operated on the BNB Chain. This development not only caused the altcoin’s price to skyrocket but also boosted its trading volume to $13 million, suggesting growing enthusiasm towards it.

Currently, the price has fallen to $0.15 per unit, and the trading volume has reduced to approximately $7.05 million.

OORT Price Prediction: Rebound to $0.20 Possible

Looking at the daily OORT/USD graph, it shows that the Bull-Bear Power (BBP) has shifted towards positive values. This suggests that right now, buyers (the bulls) have a stronger control in the market compared to sellers (the bears).

If Big Bullish Player’s (BBP) value is negative, it typically means bears have the upper hand, potentially causing prices to fall. But given the robustness of the bulls in OORT’s case, there might be a possible price recovery for OORT. Additionally, the data hints at a strong correlation between OORT and BNB’s prices.

If the demand for the altcoin remains strong, the Fibonacci retracement indicator implies it might increase towards $0.20. However, if the enthusiasm for the AI coin lessens, its price could potentially decrease to $0.11. Alternatively, there’s a possibility that the value may fall down to $0.11.

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2024-11-28 20:51