Cryptocurrencies were mixed on Wednesday as the market continued to reflect on the actions by Donald Trump and US regulators. Worldcoin (WLD) and ai16z (AI16z) were among the best-performing coins as investments in artificial intelligence rose. iDEGEN, the upcoming crypto project, continued its token sale, attracting substantial sums from investors.
Worldcoin price surges after major AI investments
Worldcoin soared after OpenAI teamed with Softbank and Oracle to invest $100 billion in the industry. This is a notable development for Worldcoin since Sam Altman, the founder of OpenAI, started it. As we wrote in this article on Virtuals Protocol, there have been several other AI investments in the past few months.
The WLD token price has remained under pressure in the past few months as it underperformed other key coins. It has found substantial support at the ascending trendline that connects the lowest swings since September last year.
It has also formed a pattern that resembles a triple-bottom. Therefore, the path of the least resistance is bullish, with the next point to watch being the neckline at $4.20, which is about 96% above the current level. A drop below the ascending trendline will invalidate the bullish view.
Ai16z price analysis
Like Worldcoin, the ai16z price bounced back after bottoming at $0.7250 on January 20th after the recent AI investments.
The coin remains significantly below the year-to-date high of $2.50, its highest level on January 2nd. A closer look shows that it has constantly formed a series of higher lows and lower highs and is now continuing the process.
The ai16z price has also formed a descending channel, meaning that bears are still in control. Therefore, the coin’s path of least resistance is bearish. The next point to watch is $0.7251, the lowest point this month.
iDEGEN token sale accelerates
Meanwhile, the iDEGEN token sale is accelerating, making it one of the best performers in a long time. Data on its website shows that it has raised over $17 million in the past few months as demand remains elevated.
A key benefit for investing in iDEGEN is that the price will keep rising until its eventual listing date of February 27. The current price of the coin is $0.0121, about 214% lower than the exchange listing price of $0.038. As such, if you buy it now and exit on listing day, you are guaranteed a 200% return.
A 200% gain is a big one, considering that the S&P 500% index has jumped by about 82% in the last five years and 197% in the last decade. It is also a bigger return than what gold has achieved in the past decade.
iDEGEN hopes to become the next big thing in the AI industry, a move that could see it pass other popular coins like ai16z and VIRTUAL. It will achieve that by using advanced technologies by letting it send auto generated AI posts on X. You can buy the iDEGEN token here.
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