👁️🚀🚀Worldcoin (WLD) Price Increased 30% in One Week, What's Next?
WLD, the local cryptocurrency of Sam Altman's iris scanning project Worldcoin, has risen by 20% in the last 24 hours, but has maintained its gains due to profit booking. As of the time of writing, the #Worldcoin (#WLD ) price is trading at $ 6.05, up 6%, and its market value is $ 1.270 billion. In addition, daily trading volumes increased by 134% to over $ 652 million.
What Is Behind the Worldcoin (WLD) Price Rally?
Amid the recent increase in the price of AI coins, Worldcoin (WLD) has also joined the party. The recent resurgence in the Bitcoin price has provided enough incentive for the broader cryptocurrency market to recover. AI coins are particularly benefiting from this increase.
Reports from Bloomberg last week showed that OpenAI and Worldcoin are currently in talks to form a partnership. OPENAI is expected to provide artificial intelligence solutions to Worldcoin as part of this collaboration.
WLD Clear Interest Breakthroughs
According to Centiment's data, the total open positions for WLD increased by 21.5% in the last 24 hours, from $ 131.9 million to $ 160.3 million
The significant increase in Worldcoin's trading volume and open positions indicates a potential increase in price volatility. This increase can be attributed to the increased whale activity and the possibility of liquidation in the market.
Currently, there is an entry of 454,380 WLD on the Worldcoin exchange, while the exit is located at 542,360 WLD, resulting in a net outflow of 87,980 coins within a 24-hour period. Despite the prevailing downward trend regarding the asset, movements on the chain indicate that some investors are accumulating Worldcoin.
In addition, according to the news of Centiment, the WLD Relative Strength Index (RSI) has increased from 40 to 54 in the last 24 hours. This indicates a slight overheating of the asset and indicates that an RSI below 50 may indicate a stable price increase.
