OORT (OORT), a Cryptocurrency Rooted in Artificial Intelligence (AI), Has Seen Its Price Surge 85% Over the Past Week

This jump followed a post by former Binance CEO Changpeng Zhao, who highlighted AI's potential impact within the BNB Greenfield ecosystem.

A cryptocurrency that is rooted in Artificial Intelligence (AI) has seen its price surge by 85% in the past week. This jump follows a post by former Binance CEO Changpeng Zhao, highlighting AI's potential impact within the BNB Greenfield ecosystem.

The cryptocurrency in question is called OORT (OORT), and its price surged minutes after CZ's post on X (formerly Twitter). CZ highlighted that AI could be used on-chain to harness low-cost labor globally.

“AI tagging (or AI data in general) is well fitted to be done on-chain. Harness low-cost labor globally without geographic bias, (micro) pay them instantly in crypto. BNB Chain Greenfield provides the storage capacity. More tooling still needs to be built. Let’s build them,” CZ noted in his post.

This post led to a quick response from the market, with OORT's price skyrocketing from $0.10 to $0.85. For context, OORT is the native token of a decentralized AI technology project that also happens to be a storage provider in the BNB Greenfield ecosystem.

The platform was integrated into the ecosystem earlier this year in March. This price surge is also credited to this integration.

Apart from the price hike, the development also drove the AI-themed altcoin's volume to $13 million, indicating increased interest in the coin. However, at the time of writing, the price has dropped to $0.15, and the volume has also decreased to $7.05 million.

According to the daily OORT/USD chart, the Bull Bear Power (BBP) has moved into positive territory, indicating that buyers (bulls) currently hold the upper hand over sellers (bears).

When BBP is negative, bears dominate, often leading to price declines. However, in this case, the bulls’ strength suggests a potential rebound in OORT's price, with data also suggesting that it could correlate strongly with BNB's price.

If buying pressure persists, the Fibonacci retracement indicator suggests that the altcoin could climb to $0.20. Conversely, if interest in the AI coin wanes, the price may decline to $0.11.