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Home > News
Published: 14/03/2024
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Author: Leexim
AVAX Surpasses $50 Mark Signaling Major Adjustment Ahead
AVAX investors accumulated significant volumes of the token at the $57 price level, hinting at a potential surge towards $100, albeit preceded by a probable correction.
Azcnews
Table of Contents
Over the past 24 hours, the price of Avalanche [AVAX] increased by 13.13%, surpassing the $50 threshold. This price increase comes from more than just a few fundamental factors.
According to IntoTheBlock, the spike in trading volume has influenced the price increase. A report from the cryptocurrency intelligence platform has shown that trading volume reached $329 million on March 11. This is the highest level since December 2023. Despite the large increase in trading volume There is no guarantee that it will lead to price increases, but with AVAX, this has special significance.
Data showing an increase in volume and large holder activity
Source: X
AVAX cannot X2 in the near future
Not only is there an increase in large investors, but AVAX is also experiencing greater buying pressure than selling. If this situation continues in the near future, the price of cryptocurrencies could double.
However, it should be remembered that this prediction does not come out of nowhere. Therefore, it is important to evaluate capabilities from a technical perspective.
AVAX price analysis and funding rate
Source: Coinalyze
Based on 4-hour analysis, AVAX reached $57 on March 12. However, the break above the key resistance was unsuccessful. Currently, the bulls are trying to retest that area. A successful close above that level could see AVAX continue to rise to $59.92.
Related: Avalanche (AVAX) Surges as Significant Capital Flows into the Network
But if the rejection happens again, the token’s price could drop to the $47.53 support. Previously, the Relative Strength Index (RSI) had touched the overbought zone. Upon reaching this zone, the index fell, leading to a decline in the price of AVAX.
If the oscillator continues to decline, AVAX may lose its hold at $50. However, the Exponential Moving Average (EMA) shows other signals. For example, the EMA 20 (blue) has crossed above the EMA 50 (yellow).
Bears track tokens
data showing AVAX bearish bias
Source: HyblockCapital
Such a position implies that the uptrend is not over yet. As long as the price does not fall below $45.89, AVAX could recover. Additionally, the funding ratio is positive, suggesting that the price could touch the resistance level and break through that area.
On the liquidation front, AMBCrypto has found that traders desire high-risk positions at $57 and above. This type of market condition suggests a possible reversal as the price may have difficulty establishing an uptrend.
If this situation does not change, the price of AVAX could fall below 50 USD. Furthermore, the cumulative liquidation level delta (CLLD) is positive, indicating a slight bearish trend.
In a sharp bearish situation, the price of the cryptocurrency can drop to as low as $45. However, this does not mean that the value cannot reach three digits.
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14/03/2024 at 4:19 am
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Home > News
Published: 14/03/2024
-
Author: Leexim
Scotty the AI Unleashes Meme Power & AI Utility
During its limited-time presale, Scotty the AI (SCOTTY), a new meme coin, is grabbing attention and attracting significant investment funds.
Azcnews (1)
Table of Contents
A new meme coin, called Scotty the AI (SCOTTY), is attracting attention and raking in a significant amount of investment during its pre-sale phase. With $9 million raised, crypto traders are racing to buy SCOTTY tokens before the five-day presale period ends.
Scotty the AI was created with the goal of unleashing the power of memes and the utility of artificial intelligence. In a context where meme currencies are often criticized for their lack of real-world utility, Scotty AI’s development team is trying to change the perspective on this issue.
At the core of the Scotty the AI project is the combination of the entertainment values that have fueled the development of other meme coins, such as Dogecoin (DOGE), and the integration of artificial intelligence to create more useful applications in practice. The project’s mascot, a cartoon Scottish terrier, serves as a friendly and accessible interface for the project’s artificial intelligence-powered tools.
image5 3
With an artificial intelligence network processing blockchain data 24/7, Scotty AI delivers leading fraud detection capabilities to identify and stop potential threats before they can cause harm.
This artificial intelligence technology also powers the project’s “Scotty Swap” – a decentralized exchange system that uses machine learning to optimize transactions between token pairs. According to the official report from the project, there is even an artificial intelligence virtual assistant called “Chat with Scotty”, capable of engaging in conversations, predictions and in-depth analysis of electronic money market.
Scotty AI also offers a staking protocol, allowing users to lock up their SCOTTY tokens and earn up to 30% profit per year.
Presale Frenzy’s excitement as the SCOTTY exchange is about to launch
Scotty the AI’s quirky concept and AI utility has attracted the attention of investors, as evidenced by the buzz surrounding the project’s pre-sale. With over $9 million already raised, the clock is counting down for those who want to join SCOTTY before it officially launches on the exchange.
image3 3
But it’s not all just futuristic utility.
With just five days left, SCOTTY tokens will be available at a discounted price of 0.01 USD. After the pre-sale ends, SCOTTY will be listed on major exchanges. While no specific names have been confirmed yet, the excitement surrounding the project suggests the potential for a successful launch. Demand for SCOTTY during the pre-sale has generated enthusiastic interest on the project’s social media channels such as Twitter and Telegram.
New users are flocking, attracted by Scotty the AI’s unique combination of meme coin humor and practical applications of artificial intelligence. To alleviate reluctance on the part of security-conscious investors, Scotty the AI smart contracts have been carefully audited by Coinsult. With the countdown now underway, it’s time for a race against time for those who want to secure their spot before the presale ends.
New AI Crypto Presale Raises $9m: 5 Days Left to Buy Scotty the AI Before Exchange Listings
New AI Crypto Presale Raises $9m: 5 Days Left to Buy Scotty the AI Before Exchange Listings
A new meme coin, Scotty the AI (SCOTTY), is turning heads and raking in substantial investment dollars during its limited-time presale.
With $9 million raised already, crypto traders have been scrambling to buy SCOTTY tokens before the presale window ends in five days.
Scotty the AI Unleashes Meme Power & AI Utility
While meme coins have often been criticized for lacking real-world utility, the creators of Scotty the AI are looking to change that narrative.
At its core, Scotty the AI embraces the light-hearted values that have fueled the rise of other established meme coins, like Dogecoin (DOGE).
However, the project also relies on AI integration to bring tangible use cases.
image5 3
The project’s animated Scottish Terrier mascot serves as a friendly and accessible interface for the project’s suite of AI-powered tools.
Thanks to AI networks crunching blockchain data 24/7, Scotty the AI provides top-tier fraud detection to identify and neutralize potential threats before they can strike.
This same AI technology powers the project’s “Scotty Swap” – a DEX that uses machine learning to optimize trades across token pairs.
According to the project’s whitepaper, there’s even an AI chatbot, “Chat with Scotty,” that can engage in insightful crypto analysis and forecasting conversations.
image3 3
But it’s not all just futuristic utility.
Scotty the AI will even offer a staking protocol where users can lock up their SCOTTY tokens and earn yields as high as 30% per year.
Presale Frenzy Hits Fever Pitch as SCOTTY Exchange Debut Nears
Scotty the AI’s quirky concept and AI utility has already resonated with investors, as evidenced by the frenzy surrounding the project’s presale.
With over $9 million raised, the clock is ticking for those looking to get in on SCOTTY before it makes its exchange debut.
For just five more days, SCOTTY tokens are available at the discounted price of $0.01.
Once the presale wraps up, SCOTTY will be launched on major exchanges.
image1 12
Related: Vitalik Buterin Categorizes 4 Integrate Crypto with AI
Attractive tokenomics and ambitious roadmap accelerate SCOTTY’s development
In addition to generating excitement around the presale, Scotty’s AI development team has built a solid token pipeline and an ambitious roadmap that is stimulating interest from the investment community.
image4 3
The total supply of 1.7 billion SCOTTY has been distributed fairly – 50% for presale and 50% for staking rewards, listing on exchanges, marketing and development.
This allocation, along with the lack of pre-casting from any group, helped align the project’s incentives right from day one with the growing community.
Scotty the AI’s development team has also built a comprehensive three-phase plan to continue driving long-term adoption.
Phase 1 has been initiated with the organization of the pre-sale, completion of audits and successful initial token generation.
Phase 2 will see the launch of Scotty Swap DEX powered by artificial intelligence and tools like Chat with Scotty.
Finally, Phase 3 aims to add exchange listings on leading CEX and DEX exchanges, CMC integration and ambitious marketing campaigns.
The project has attracted the attention of notable crypto YouTubers such as Jacob Bury and Matthew Perry, who have highlighted SCOTTY’s potential on their channels.
With all the pieces in place, Scotty the AI could establish himself as the next great meme coin in 2024.
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