BullBear AI Coin At All-Time High on CoinMarketCap. Can It 100x in 2023?

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Written by ByNancy LubaleVerified IconPRO INVESTOR

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Updated:  15 July 2023 

BullBear AI Coin (AIBB) has rallied 253% over the last 10 days to reach record highs at $0.000000007009 according to data from CoinMarketCap. At 1:30pm UTC, AIBB had retraced from the recent highs, trading at $0.000000006272, 10% below yesterday’s swing high and 10.4% down in the last 24 hours. 

The token still displays stark bullishness on longer timeframes as it is up 108% over the last week and 221% in the last 30 days. It is trading 133% above its January 1 opening and has a market capitalization of $18.8 million. 

BullBear AI (AIBB) is an innovative AI crypto project that leverages artificial intelligence to forecast BULL and BEAR markets by analyzing user behavior and price movements. Its primary objective is to empower users with valuable insights for generating profits through accurate predictions of market trends. 

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AIBB Use cases | Source: The DeFiApe Twitter Post

By harnessing historical data of users, price fluctuations, and overall market patterns, the AI algorithm is trained to deliver the most precise and reliable information to facilitate informed decision-making and optimize investment strategies. 

AIBB is the native token of the network and is used to make payments and access services within the BullBear AI ecosystem.

The recent surge in the token’s price could be attributed to a series of announcements by the team of the developments it is making within the ecosystem. This includes the launch of AICHAIN, a Layer 2 blockchain that uses AI to operate nodes, improve congestion, and reduce high transaction fees on the Ethereum blockchain. BullBear AI expects to launch the testnet of AICHAIN later this year.

Given the recent strength displayed by cryptos in the AI space, market participants remain hopeful that BullBear AI Coin will continue its upward trajectory. Can AIBB make 100-fold returns in 2023? Let’s look at its recent price action to find out.

BullBear AI Coin Displays Strength Above $0.0000000060

AIBB price embarked on a recovery on July 5, rising more than 250% to reach new-all time (ATH) highs at $0.000000007009 on July 14. This uptick saw the market prediction coin flip all the major moving averages into support.

All the moving averages were facing upward and the Relative Strength Index (RSI) was positioned at 100 in the positive region. This reinforced the grip of the buyers on the BullBear AI coin price.

In addition, the Moving Averages Convergence Divergence (MACD) indicator was moving way above the neutral line in the positive region. This suggested that the AIBB market sentiment was still positive.

Therefore, increased buying pressure from the current level could see the price rise first toward the $0.00000000660 resistance level and later revisit the ATH at $0.000000007009. Higher than that, the BullBear AI price may rise to the $0.0000000080 psychological level or to the 123.6% Fibonacci retracement level at $0.000000008195.

Such a move would place AIBB on a path to new price discoveries allowing traders to make more returns on their investments.

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