👁️💥Worldcoin (WLD) Price Up by 45%: OpenAI Expansion Fuels Bullish Outlook
Last week, #Worldcoin (#WLD ) took investors on a wild ride and reached a record high of $9.50 on February 25. However, Elon Musk's lawsuit against Openai triggered a 40% sale, reducing the price of WLD to $ 7.5 on March 5.
The week started with excitement as the World Bank rose to a market value of more than $ 1 billion. Nevertheless, Elon Musk's legal conflict has cast a shadow, leading to a significant market correction.
Despite the Deceleration, intra-chain indicators show an upward trend among long-term owners and whales. Crypto whales showed confidence in the coin by purchasing another 720,000 WLD tokens between March 2-7, Dec.
Altman's Optimistic Move
Sunday Dec, meanwhile, saw the recent announcement by Sam Altman, co-founder of Worldcoin and CEO of Openai, about the expansion of the OpenAI board of directors, boosting the Global market. The company is on the rise with new board members, including Fidji Sami, Sue Desmond-Hellmann and Nicole Seligman, marking a strategic shift within the organization.
Regulatory Hurdles in Spain
Following its success, Worldcoin is currently facing regulatory problems in Spain due to data collection methods such as biometrics. The Spanish data agency has told Worldcoin's parent company to stop collecting citizens' data and store the data they have already collected.
In response, Worldcoin sued Spain's data protection agency, demonstrating its willingness to comply with regulations such as the GDPR. Worldcoin says they use the data for secure identification, but privacy experts are concerned that they may use it for personalized marketing. This has led to investigations from other countries, such as France and Germany.
We have a Turning Point Ahead of Us!
Despite the obstacles, Worldcoin increased by 45% to exceed $ 10. Investor optimism, fueled by Altman's news, resulted in strong trading activity. Currently, Worldcoin is at $10.59, reflecting solid growth.
