Worldcoin Price Surges 40%: WLD Price To Skyrocket Further? Two Reasons
Over the past week, Worldcoin (WLD) has been quite the rollercoaster for investors. It hit an all-time high of $9.50 on February 25, sparking excitement among traders. However, things took a turn when Elon Musks legal battle with OpenAI caused a massive sell-off, slashing WLDs price to $5.60 by March 5. In the last 24 hours, the WLD price has increased by 40%. Lets take a look at this in Worldcoin price prediction in more detail.
Worldcoin Price Prediction: How has the WLD Price moved in recent days?
The week kicked off with a surge of enthusiasm as WLDs market cap surpassed $1 billion. But Elon Musks legal feud threw a wrench into the excitement, resulting in a significant market downturn.
Despite the setback, indicators from on-chain data suggest that long-term holders and major investors remain optimistic. Crypto whales snapped up an additional 720,000 WLD tokens between March 2 and 7, signaling a strong belief in the coins potential.
Currently, Worldcoin is priced at $10.66, with a trading volume of $5.32 billion over the past 24 hours. Its market capitalization stands at $1.58 billion, representing a market dominance of 0.06%. Over the last day, the price of WLD has surged by 40.71%.
The highest recorded price for Worldcoin was on March 9, 2024, hitting an all-time high of $10.94, while its lowest price was observed on September 13, 2023, plummeting to an all-time low of $0.974102. Since its peak, the lowest price experienced was $10.20, termed as the cycle low, whereas the highest price since the last cycle low stood at $10.71, termed as the cycle high. Presently, the sentiment for Worldcoins price prediction is bullish, with the Fear & Greed Index indicating an extreme greed level of 84.
Out of a maximum supply of 10.00 billion WLD, the current circulating supply of Worldcoin stands at 148.27 million WLD.
Worldcoin Price Prediction: Why is the WLD Price Up?
So, one reason for the price jump is because Sam Altman hopped back onto the OpenAI board after taking a short break, which caused a bit of a stir.
And check this outOpenAI shook things up even more by adding three new folks to the board: Sue Desmond-Hellmann, who used to run the show at the Bill and Melinda Gates Foundation; Nicole Seligman, whos got some serious experience from her time at Sony; and Fidji Simo, whos made a name for herself over at Instacart.
So, people are saying that Worldcoins price hype is partly because everyones buzzing about the upcoming Nvidia 2024 GTC Conference and the possible debut of GPT 5, OpenAIs latest AI wizardry. Theyre saying this new AI blurs the line between humans and machines, which is getting everyone pretty pumped about tech.
But get thiseven with some legal drama in Spain over how they collect data, Worldcoin is still riding high. Spain had some beef with WLDs method of gathering personal info through eye-scanning gadgets. So, the Spanish data authority stepped in and told Worldcoin to cut it out and stop using any data they already got from it.
This all went down on March 6, and Worldcoin had to prove theyre playing by the rules within 72 hours. The head of the Spanish data crew, Mar España Martí, stressed the importance of teamwork in the EU to handle these kinds of issues, saying it affects folks across all member states.
How high can the WLD Price go?
So, lets break down whats been happening with Worldcoin lately. Its been riding a wave of positivity, with 20 out of the last 30 days being green. Thats like hitting a 67% success rate, which is pretty impressive. It shows that people are really getting on board with the whole Worldcoin thing.
Now, heres the exciting partWorldcoin is hanging out near its all-time high in terms of trading. Thats a big deal because it tells us that the market sentiment is super strong and theres a good chance the price could go even higher. Its like theres this invisible barrier at the all-time high, and everyones wondering if WLD can break through and set new records.
And lets not forget about Worldcoins liquidity. Basically, its easy for people to buy and sell WLD without messing up the market too much. Thats important because it means smooth sailing for traders, especially those big institutional players who want to make moves without causing a ruckus.
So, the price of WLD could bounce around between $11 on the low side and $14 on the high side. According to our crystal ballor, you know, our WLD price prediction charttheres a chance that Worldcoin could climb another 30% and hit around $14 in the coming days if it manages to reach that upper price target. So, keep your eyes peeled because things could get pretty interesting!
Where to BUY WLD?
Bitget stands out as a reliable crypto exchange. It provides a user-friendly interface, making it easy for both beginners and experienced traders to navigate and make transactions at the lowest fees on the market. To get started with Bitget, you need to create an account, complete the necessary KYC procedures, and then you can begin trading a variety of altcoins available on the platform.
Read more: https://cryptoticker.io/en/worldcoin-price-surges-wld-price/
Text source: CryptoTicker
