The Value of Worldcoin Surges by Over 42% Following Strategic Developments within OpenAI
The value of Worldcoin (WLD) has experienced a significant increase, soaring by more than 42% due to key strategic developments within OpenAI. After facing a downturn in early March, along with a broader crash in AI crypto coins, Worldcoin has not only recovered but also made impressive gains.
This surge in pricing has propelled WLD to reach its historic peak, surpassing the $10 mark. Currently priced at $10.40, WLDโs market capitalization is now over $1.54 billion according to data from CoinGecko.
- The price jump was accompanied by a 24-hour trading volume of more than $1.78 billion, indicating a 295% increase over the period.
- Over longer periods, Worldcoin has performed well, with a 342% increase in the last 30 days and a 35% increase in the last seven days.
Analysts attribute this increase to several factors:
Reinstatement of Sam Altman and Board Enhancements
The reinstatement of Sam Altman to the OpenAI board after a controversial hiatus is seen as one contributing factor. Additionally, OpenAI has enhanced its board composition by welcoming three new members:
- Sue Desmond-Hellmann, former CEO of the Bill and Melinda Gates Foundation
- Nicole Seligman, a seasoned executive from Sony
- Fidji Simo from Instacart fame
Worldcoin and Nvidia
Market watchers also credit Worldcoinโs price momentum to the anticipation surrounding the Nvidia 2024 GTC Conference and the potential unveiling of GPT 5, OpenAIโs latest generative AI model. This model is expected to blur the lines between human and machine intelligence, generating excitement in the tech space.
Despite recent legal challenges in Spain over its data collection practices, Worldcoinโs surge has remained unaffected:
Spain took action to halt the WLD initiative due to its controversial methods of collecting personal data through eye-scanning devices. The Spanish data protection authority, AEPD, issued an order for Worldcoin to cease gathering personal data via these scans and to stop using any data already collected.
Announced on March 6, Worldcoin was required to prove adherence to the order within 72 hours. AEPDโs director, Mar Espaรฑa Martรญ, emphasized the need for joint efforts within the EU on this matter, highlighting its impact on citizens across member states.
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