Category: Cryptocurrency

Summary

After a long time of stepping aside from the big market and maintaining a low but consistent price, worldcoin has managed to return to the game. It finally broke through the $2 mark with 11% surge and a whooping 100% spike in volume over the last 24hrs. With this growing positive vibes and increased market activity, bulls now face the challenges maintaining this upward momentum, setting a stage for levelling up towards $3.

See more

Worldcoin +6.23% in the last 24 hours, currently valued at $2.151#Crypto #Worldcoin $WLD pic.twitter.com/JLVMUoWvHt

— Vanquish Adept (@VanquishAdept) September 28, 2024

Most Worldcoin holders are in a loss position because when they bought the coin it was almost $8 but now even after the increase it has only managed to hit $2. Worldcoin reached its all-time high of $11.9 within a year of its launch, around the same time Bitcoin hit its peak at $73K. The surge in Worldcoin’s price was largely due to aggressive buying, with increased interest in the coin but, since the price has now fallen many holders are now holding it at a lower value.
Around 4280 wallets hold a total of 1.54 million Worldcoins. These coins were brought at a much higher price than what it has become today. These holders are more likely to retain their positions rather than selling it now at a loss but if the coin dives down to $1.93, it may trigger more selling from large holders, making the situation worse.

Worldcoin destined to fail?

Whenever Worldcoin gets close to an important price level, there’s usually a sudden increase in people depositing more coins the next day.

For example, in mid-July, when buyers tried to stop the price from dropping, worldcoin jumped 11% in one day. However, the next day, many people deposited their coins into exchanges, which created slowed down the price rise and prevented further gains.

In short, while the price of Worldcoin sometimes rises quickly, large deposits of coins into exchanges can act as a barrier, stopping the price from going up even more.

Involvement of big players

During August and September, a steady stream of worldcoin was being deposited into exchanges, totaling up to $2 million in value at its highest point. Despite this selling pressure worldcoin still managed to surge by 30% in the last week which suggests the involvement of big players buying enough coins to maintain the coins being sold, keeping the price from falling.

This sparks interest as to what the next stage may be for Worldcoin.

Summary

SingularityNET, AIRIS well known for it’s powerful AI in problem solving and decision making has now leveled up to a phase never seen before. It is transitioning towards 3D where it can solve complex 3D puzzles/games like Minecraft with ease. This opens a new door for creating robots to solve real world applications.

See more

🚀 #AI is evolving at a rapid pace, and $FET is at the forefront with #SingularityNET's AIRIS.#AIRIS (Autonomous Intelligent Reinforcement Interpreted Symbolism) is an advanced AI system developed by #SingularityNET. Over the last year, it has made groundbreaking strides,… https://t.co/c698vOyGJF pic.twitter.com/GwoxSLx2CW

— L E O (@CryptoLeo00) September 28, 2024

A New Dimension of Learning

AIRIS ( Autonomous Intelligent Reinforcement Interpreted Symbolism) showed it’s capabilities to solve complex 2D puzzles, showing higher level reasoning by setting subgoals, such as finding hints by itself to open doors and stuffs. The agent created it’s own problem solving methodologies through exploration and interactions.

Now, AIRIS is advancing further by going on a 3D environment, known as AIRIS Minecraft Agent. This agent must navigate a more complicated landscape and handle a wider range of actions and environmental factors. This does add more complexity, with a greater variety of objects, interactions and spatial considerations.

Real World Applications

AIRIS evolves through exploration rather than programming. It makes predictions considering previously occurred scenarios. For example, AIRIS might observe that pressing a button moves the character forward, through interaction. This real-time learning approach enables AIRIS to explore and adapt to unfamiliar areas more efficiently than traditional systems. Therefore, this opens a door for various industries, from healthcare and manufacturing to transportation and logistics.

Additionally, AIRIS agents can theoretically share information, enhancing learning efficiency and problem-solving capabilities when working together in a shared environment. This collaborative approach could revolutionize how AI systems interact and learn also from one another.

Revolutionizing Gaming Experience

With it’s adaptive and fairly accurate AI, gaming experience can be improved massively. NPCs (non-player-character) can be made more close to real world exhibiting dynamic behaviors and objectives based on needs and environmental interactions, which enhances the gaming experience massively.

This shows that singularityNET is not backing down from the mainstream market anytime soon. With this exciting new project it’s only expected to go higher.