Worldcoin (WLD) saw a significant price surge following the release of OpenAI's new AI model, o1, which is capable of advanced reasoning. On September 12, WLD broke through strong resistance levels, spurred by the hype around this new AI development. With Worldcoin’s price reacting positively, can it capitalize on this momentum to reach $2?
How OpenAI’s o1 Model Could Impact Worldcoin Price
On September 12, OpenAI, the company behind ChatGPT, introduced a new line of AI models called o1, designed to spend more time "thinking" before generating responses. These models are expected to excel in solving complex problems in fields like quantum physics, coding, and advanced mathematics. The o1 model is rumored to be the highly anticipated “Project Strawberry” that OpenAI has been working on.
Worldcoin’s price jumped sharply in response to this news, initially spiking by 16% within just a few hours before retracing and stabilizing with a 5% gain. During London’s trading session, WLD was trading around $1.49.
Why Did Worldcoin’s Price Surge?
The key reason behind this surge in WLD’s price is likely the connection between Sam Altman, co-founder of OpenAI and co-founder of Worldcoin. Worldcoin recently gained attention with a large-scale airdrop, helping onboard new users to the blockchain. Despite some criticisms surrounding its tokenomics, limited supply, and concerns over potential price manipulation, Worldcoin remains a popular topic within the crypto community.
Worldcoin Price Prediction: A 34% Gain Possible?
Worldcoin has been struggling to break above $1.50, a level that has been tested multiple times since late August. On September 12, the price finally surpassed this barrier, completing a cup-and-handle chart pattern—typically a bullish indicator. However, resistance at $1.60, which aligns with the 200-day exponential moving average (EMA), caused the price to retrace slightly.
If WLD successfully retests the $1.50 support, it could confirm a bullish continuation. This momentum could push Worldcoin up by 34%, reaching the $2 mark. Should buying pressure remain strong, WLD could even break through the psychological barrier of $2 and target the next major resistance level around $3.20.
Downside Risk: Could Worldcoin Drop?
On the flip side, if Worldcoin fails to hold above the $1.50 support level, it could signal market weakness. In this case, WLD might face a bearish trend, with its price potentially dropping to $1.35 or $1.25.
Conclusion
The recent launch of OpenAI’s o1 model has positively impacted Worldcoin’s price, with the potential for further gains if key support levels hold. If momentum continues, WLD could break the $2 barrier. However, if support fails, Worldcoin might face a downside correction. Investors should watch the $1.50 level closely for future price action.
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