The record-breaking increase in the Bitcoin price exceeding $ 73,600 created excitement among Ethereum owners due to the expected Dencun update. With increased interest in cryptocurrencies and anticipation surrounding the Dencun update improving the Ethereum chain, investors are preparing for a new surge.
ETH price has experienced a significant bullish reversal on the weekly chart, making it one of the best performers among large-cap coins. The formation of bullish candles continues and the seventh candle is currently forming.
Therefore, based on Fibonacci levels and increasing demand, ETH price seems likely to surpass the 5k threshold soon, according to experts.
Low-volume coins and pre-sale projects also have their share of the rise in the cryptocurrency market.
Scotty The AI’s Pre-Sale Passes $9.5 Million, Will End Soon
The artificial intelligence Scotty The AI (SCOTTY) project is developing amidst the frenzy around AI and meme coins. While existing meme coins such as Dogecoin and Shiba Inu already have a significant share of the market, there is still potential for new projects to establish themselves.
While it may be difficult to predict the next popular meme coin in the highly unpredictable cryptocurrency industry, Scotty the AI stands out as a strong contender due to its original approach, utility-focused features and successful pre-sale.
The extended pre-sale of Scotty the AI, which attracted industry attention and raised over $9.5 million in funding, will end in approximately three days. The next goal of the project is to take part in stock exchange listings. With Scotty AI’s upcoming Initial Exchange Offering (IEO), investors are also eager for the project to demonstrate its potential.
Scotty The AI Rises Amid Artificial Intelligence And Meme Coin Craze
This success not only caught the attention of investors who purchased the Scotty The AI token, but also made headlines among industry analysts. Although it is difficult to make accurate predictions, especially in the volatile cryptocurrency sector, research shows that Scotty AI is expected to experience significant growth by 2024.
The pre-sale of the project ended on Sunday. However, there were complaints from those who felt they did not have enough time to participate. As a result, the developers decided to offer the 10 percent share of tokens for public sale during an ongoing bonus round that will end in just over 3 days.
Many cryptocurrency experts are calling on potential investors to join the project before listing on exchanges, as the additional period after the end of the pre-sale will end soon.
The rapid investment growth, from $400,000 to over $9.5 million in just a few weeks, highlights the importance of the project at the intersection of current developments in cryptocurrency, especially meme coins, and artificial intelligence technology.
Artificial Intelligence Powering SCOTTY
Artificial intelligence Scotty has a natural advantage due to his canine origins. Currently, dog-related meme coins dominate the market. Seven of the top 10 meme coins by market cap focus on dog-themed memes. However, the majority of these coins do not provide significant value beyond entertainment.
Scotty is a versatile entity that functions as both a chatbot and a token exchange protocol. Scotty demonstrates a high level of security proficiency in both of these roles.
Represented by a Scottish Terrier, the SCOTTY token aims to increase the security of the blockchain ecosystem using modern artificial intelligence technology. This approach combines practicality with a culturally relevant meme to attract a wide variety of individuals.
There is also a play-to-win (P2E) game planned in the roadmap. The team plans to release gameplay and more information later. Analysts’ confirmations emphasize the promising start of the project and the expected success after listing.
Currently, investors have the opportunity to purchase Scotty The AI token at a low price. There is a high probability that the price in question will increase after the public offering of the token.
Scotty The AI’s Roadmap Focusing on Staking and Tokenomics
Scotty the AI’s website focuses on the expansion of the ecosystem, starting with the establishment of a community and the issuance of tokens. It also provides a detailed plan covering many phases of the project, right up to the implementation of brand awareness initiatives.
The introduction of functions such as the “Scotty Swap” DEX and an AI chatbot is one of the features used to improve the functionality of the platform and increase user engagement.
In addition, Scotty The AI implements a staking mechanism that offers attractive early incentives to encourage continued participation. As of the time this news was written, those who purchase Scotty The AI tokens can earn up to 30 percent APY by staking their tokens.
The tokenomics plan allocates 50 percent of the entire supply to pre-sale, while the remaining part is allocated to different areas that are vital for the expansion and stability of the ecosystem.
Disclaimer: This is a sponsored content and press release and what is written here cryptokoin.com It does not reflect the views of the team. High risk of loss should be taken into consideration in leveraged transactions and cryptocurrency investments, and extensive research should be done before investing in any platform.
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