Worldcoin Price Recovers After Microsoft Announcement
Worldcoin (WLD), the cryptocurrency created by Sam Altman, the former CEO of OpenAI, has experienced a significant recovery following Microsoft’s announcement that they have hired Altman for an important role. The price of WLD initially dropped to $2.04 after Altman’s departure from OpenAI, but it has since rebounded and is now trading at $2.40 per coin.
Worldcoin’s Fall Last Week
The decline in WLD began when news broke about Altman leaving his position as CEO of OpenAI. This led to a more than 10% drop in the token’s price as holders started selling their coins.
Market Performance and Recovery
In addition to Altman’s departure, the overall crypto market also experienced a decline last week, losing around 1% of its market capitalization.
Fast Recovery Following Microsoft Hiring
Despite these challenges, Worldcoin quickly recovered from its fall after Microsoft announced the hiring of Altman and OpenAI co-founder Greg Brockman. The price of WLD surged 24.16% to around $2.42 per coin.
Microsoft’s Impact on WLD
Microsoft’s trust in Altman and his vision has brought renewed promise to WLD. Investors have responded positively to his appointment, driving the token’s value even higher than before Altman’s departure from OpenAI.
Potential Future Outlook for Worldcoin
As of November 21, 2023, WLD is trading at $2.42 with a 7.25% gain in the past seven days. Technical analysis suggests a bullish sentiment for the coin, with a key resistance level of $2.5. Breaking through this level could lead to new highs and potentially trigger a bullish rally for Worldcoin. Projections for 2023-2030 indicate a price range of $3.5 to $5 in 2023, with expectations of reaching $11.6 to $15.2 in 2024.
Hot Take: Microsoft’s Hiring Boosts Worldcoin’s Recovery
The recovery of Worldcoin’s price following Altman’s appointment at Microsoft demonstrates the impact that influential figures and major partnerships can have on the cryptocurrency market. The trust placed in Altman by Microsoft has renewed investor confidence in WLD and could potentially pave the way for further growth and success in the future.
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