Worldcoin Demonstrates Signs of Bullish Streak, Could Surge by 250%
Worldcoin, the AI token co-founded by Sam Altman, recently reached a new all-time high at $7.46 and is showing potential for further bullish movement. According to cryptocurrency analyst Ali Martinez, Worldcoin has broken out of an ascending parallel channel on its daily chart, indicating a possible upward trend. Martinez suggests that the token could rise to $15 or even $26, representing a massive 250% gain if the breakout holds.
The surge in Worldcoin’s price coincides with OpenAI’s announcement of a text-to-video AI model called Sora. This development has garnered attention due to its ability to create lifelike 60-second videos.
Worldcoin’s Origins and Controversy
OpenAI CEO Sam Altman founded Worldcoin through Tools for Humanity and launched its token in July 2023. The token saw an immediate 60% increase in value due to high demand and interest in generative AI. However, Worldcoin faced criticism for its unique approach to online identity authentication involving iris scanning orbs. Despite the criticism, the World App gained over 4 million downloads and witnessed a surge in whale transactions in December.
Worldcoin Price Analysis
Currently trading at $7.45, Worldcoin has experienced significant price gains, with a 42.82% increase in the last 24 hours, a 196.58% increase over the previous seven days, and a monthly increase of 190.1%. The recent spike in price indicates renewed interest in Worldcoin’s technology and optimism about its future performance. However, it is important to conduct thorough research and assess the risks before investing.
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