Worldcoin Faces Significant Price Correction
The price of Worldcoin ($WLD) has dropped by approximately 25% in the last 24 hours, marking a major valuation correction. Despite this decline, a whale investor took a significant risk, purchasing 1.242 million WLD tokens worth $3.48 million on the OKX exchange during early Asian trading hours.
Whale Increases Its Worldcoin Holdings
This purchase increased the whale's total holdings to 2.69 million WLD tokens, valued at approximately $7.52 million. Within less than two months of trading this altcoin, the whale has achieved a net profit of $878,000, representing a 9% gain. Out of this amount, $289,000 constitutes realized profits.
A Strategic Move Amid a Declining Market
This case demonstrates how large market players can seize opportunities to increase their positions even during periods of significant price corrections. Whether this strategy will pay off in the long term depends on Worldcoin's future price performance.

#Worldcoin , #WLD🔥🔥🔥 , #CryptoNewss , #cryptowhales , #CryptoMarketMoves

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The departure of Sam Altman from OpenAI has triggered a notable impact on the WLD token associated with Worldcoin, an iris-scanning biometric project also founded by Altman. CoinGecko reported a 14% drop in the WLD token following the announcement of Altman’s exit. Altman’s removal from the position of CEO at OpenAI was a result of a board review, citing a lack of transparent communication that impeded the board’s responsibilities.

Worldcoin token experiences a 14% drop

This communication breakdown led to a loss of confidence in Altman’s leadership. The market response to this news was swift, with the price of the WLD token requiring two updates during the writing of this post to reflect the dynamic situation. As of Friday, Worldcoin’s token, WLD, was trading at $1.89, with a market capitalization of $218 million. In the past 24 hours, the token experienced a trading volume of $141 million, with approximately 40% of it stemming from the WLD and Tether (USDT) trading pair on Binance. This marks a 42% decrease from WLD’s all-time high of $3.30, observed when Worldcoin emerged from beta in July.

Surprisingly, the broader category of AI coins and tokens, as defined by CoinGecko, showed resilience to Altman’s departure. In the past 24 hours, the AI coin market cap experienced a 30% growth, reaching $5.4 billion. Worldcoin, initiated by San Francisco and Berlin-based Tools for Humanity in 2019, received backing from venture capital firm Andreessen Horowitz. The project, co-founded by Altman, Max Novendstern, and Alex Blania, focuses on biometric cryptocurrency and introduces a mechanism called World ID for authenticating human identity online.

WLD’s resilience amid criticism and government scrutiny

This innovative approach aims to combat bots and fake identities. Users become part of the network by undergoing iris scanning with an orb-shaped device, receiving Worldcoin tokens in return. This distribution mechanism is inspired by discussions around universal basic income. Worldcoin’s token, WLD, operates on the Ethereum blockchain and, although not available in the U.S., the project has deployed its iris-scanning orbs primarily in states like New York, San Francisco, and Atlanta. By October 2021, the project had initially raised $25 million.

In the next six months, it raised an additional $100 million, leading to a $3 billion market capitalization for the token. However, as the project expanded, it faced criticism, particularly from an MIT Technology Review article alleging that Worldcoin gained its first 500,000 users through deceptive practices, worker exploitation, and cash handouts. In the face of considerable backlash from privacy advocates, Worldcoin officially launched out of beta in July 2023. While the project aimed to address identity verification challenges, several governments expressed concerns about Worldcoin’s approach.

Kenya suspended its enrollment, citing security, privacy, and financial apprehensions. Although Kenya is the only country to outright ban Worldcoin, the project encountered scrutiny from other nations, including the U.K., Germany, and France. Sam Altman’s departure from OpenAI had a discernible impact on the Worldcoin project, as reflected in the fluctuation of the WLD token. Despite facing challenges and criticisms, Worldcoin’s innovative approach to identity authentication continues to shape discussions in the cryptocurrency space, albeit under the scrutiny of various governments.

WLD surged 26.5% after Altman’s departure, sparking speculation.

Large WLD deposits pre-surge hint at insider activity.

Altman’s exit stirs confidence in Worldcoin’s future.

Worldcoin (WLD) experienced a remarkable surge of 26.5% in value, skyrocketing to $2.65 following the high-profile departure of Sam Altman, the CEO of OpenAI and an advisory figure at Worldcoin developer Tools for Humanity.

This abrupt rally left the cryptocurrency community intrigued, pondering the catalysts behind WLD’s sudden ascent. Insights from on-chain analyst Lookonchain revealed substantial deposits of WLD onto exchanges just before the surge—a move hinting at potential insider knowledge. A staggering 1.83 million WLD, valued at $4.47 million, swiftly entered exchanges within a mere seven-hour timeframe, further intensifying speculations.

Affected by the news of #OpenAI ex-CEO Sam Altman(@sama), the price of $WLD experienced huge fluctuations and reached an all-time high.The market maker #GSR deposited a total of 1.83M $WLD ($4.47M) to exchanges in the past 7 hours.https://t.co/YN7DSxxWoO pic.twitter.com/qKxLE9DLhU

— Lookonchain (@lookonchain) November 20, 2023

While the precise triggers for the rally remain ambiguous, Worldcoin’s close association with Altman seems pivotal. Altman’s recent forced departure from OpenAI, capturing attention in tech spheres, sparked speculation about increased involvement with the Worldcoin project. This shift in his professional commitments raised optimism among some investors, who see Altman’s focus potentially redirected toward Tools for Humanity and, consequently, Worldcoin’s development.

Altman’s exit from OpenAI ignited anticipation within the crypto community, fostering hopes for a potential revitalization within Worldcoin. The 26.5% surge in WLD’s price appeared to reflect bets on Altman leveraging his renowned startup expertise to propel Worldcoin’s ambitious vision forward.

Nevertheless, Worldcoin’s actual utility and technology are still largely conceptual, with the token not widely adopted yet, potentially riding on Altman’s reputation. This surge, while significant, experienced a swift downturn, with the price plummeting 6.7% from its peak, settling at $2.28.

Read also:

OpenAI’s Sam Altman Nears $100M Funding Round for Worldcoin Crypto Project

OpenAI’s Sam Altman Sounds Alarm on U.S. Government’s Crypto Stance

OpenAI CEO’s Crypto Project Worldcoin Goes Live, Should You Buy or Not?

Worldcoin (WLD) Price Analysis: Will WLD Hit $100 After Binance Listing?

XRP Pro Lawyer and On-Chain Analytics CEO Pin WorldCoin as Red Flag Investment

The post Worldcoin Surged 26.5%: A Look Behind the Sudden Rally appeared first on Crypto News Land.

After the introduction of Sora, a text-to-video model, Worldcoin (WLD), backed by tech luminary Sam Altman, has seen a big rise in its market value in the last 48 hours.
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This surge has led to increased buying of the altcoin, pushing its price past its previous peak to set a new all-time high. As a result, there’s been a notable increase in on-chain activities for WLD, sparking excitement in the market.

Market Movements and All-Time High for Worldcoin (WLD)
In the last two days, Worldcoin has seen significant market activity, with almost $12 million in positions being liquidated. Of this amount, approximately $8 million came from the closure of short positions, weakening immediate resistance levels. Consequently, WLD’s price surged to a new all-time high of $5.4, as reported by Coinmarketcap.
The milestone price was driven by a notable increase in on-chain activity for WLD. Data indicates a remarkable surge in large transactions, from just 2 to 60 within hours, marking a 2,900% increase. This surge suggests that whale investors predominantly fueled the recent buying pressure on WLD.
However, this rapid surge has raised concerns about a potential correction, as indications point to WLD’s price nearing its peak. Currently, a record 95.88% of addresses, totaling 10,420, are in profit following the recent price surge. This trend may tempt many holders to sell their investments, potentially triggering a sharp decline in WLD’s price and initiating a new round of selling pressure.
Despite the broader market rebound and Bitcoin’s rise above $52,000, WLD’s volatility has remained relatively low. This stability may lead to declining investor confidence in the altcoin, potentially prompting a price correction.

Bullish Momentum and Resistance Levels for Worldcoin (WLD)
Breakthrough of Resistance Barrier: The recent bullish momentum propelled WLD’s price above the $4.5 resistance barrier on February 17, indicating a continuation of its upward trend. With this achievement, bulls now set their sights on reaching a new all-time high (ATH). However, bears are actively defending a surge above $5.5. At the time of writing, WLD price is trading at $5.3, marking a remarkable 21% surge from yesterday’s rate.
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Source: TradingView
Overbought Signals and Potential Pullback: The rapid surge in recent days has pushed the Relative Strength Index (RSI) into overbought territory, currently trading at 82. This suggests that the current rally may be overstretched in the near term, potentially leading to a slight pullback or a period of consolidation in the coming days.
Key Support Levels: Finding support at $4.7 would indicate that market sentiment remains positive, with traders capitalizing on dips as buying opportunities. Conversely, a decline below $4.7 would signal a weakening in bullish momentum. In such a scenario, the WLD price might retreat to the 20-day Exponential Moving Average (EMA) at $4.3.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Worldcoin #WLD. #Bitcoin #Altcoin #Cryptocurrency

Under the leadership of OpenAI CEO Sam Altman, a cryptocurrency initiative called Worldcoin (WLD) has emerged as the top weekly gainer among the top 100 tokens by market value.
Surge in AI-Associated Tokens
With the recent surge, the cryptocurrency price has taken today’s market to an all-time high. This major entry could be a collective contribution of the AI sector’s overall positive sentiment and Nvidia’s earnings results, which may support further momentum. Cryptocurrency tokens associated with artificial intelligence have performed better than the general market since last week, despite Bitcoin‘s slow movement. According to the latest data, Worldcoin (WLD) saw a 140% increase in a week, while SingularityNET (AGIX) increased by 148%, Fetch.ai (FET), and Graph (GRT) by 66% and 50%, respectively.
On February 16th, OpenAI introduced Sora, a text-to-video creator that triggered a resurgence of interest in the market for AI and led to consecutive increases in AI-related cryptocurrencies. Moreover, Nvidia (NVDA) exceeded high expectations for its fourth-quarter earnings and provided strong guidance for the first quarter, continuing to gain momentum since its release.

Growing Interest in WLD
Thus, the WLD price is trading at $8.83, up 2.5%. Additionally, according to cryptocurrency analytics firm IntoTheBlock, Worldcoin’s price has shown an increase of over 200% in the last two weeks, reaching a market value of 1 billion dollars. Its Fully Diluted Valuation (FDV) currently exceeds OpenAI’s valuation, standing at 81 billion dollars.
This significant growth underscores the increasing investor interest in Worldcoin and highlights its potential in the cryptocurrency market. While Worldcoin’s price recovery with increased volume supports an upward outlook, the likelihood of the current pace continuing without being driven by certain news is lower. Therefore, if WLD’s price prepares for a correction phase, it could offer investors a pullback support at $7.5 and then $6.5.
$WLD #WLD #Worldcoin #Write2Earn #TrendingTopic

Worldcoin (WLD) has surged more than 10% in the last 24 hours, reaching $3.96 as bulls aim to reclaim the $4.00 level. The coin was trading at around $3.81, with a 55% gain over the past 30 days. Currently, the WLD price is approximately 18% away from its all-time high (ATH) of $4.69, recorded on December 17. The recent increase in WLD value follows the launch of World ID 2.0 and the open sourcing of the Worldcoin iris recognition pipeline. The World ID 2.0 release introduced Apps, enabling integration with platforms such as Reddit, Shopify, and Telegram for online account verification. Worldcoin has also announced that its World ID verification is now available to the public in Singapore, representing further expansion across Asia, Europe, and South America. Additionally, the World App wallet developed by Worldcoin has surpassed 5 million users, with over 30 million transactions and 350,000 active daily users. Despite facing regulatory challenges in various jurisdictions, Worldcoin continues to experience positive growth. Read more AI-generated news on: https://app.chaingpt.org/news

Last week, Worldcoin (WLD) had a huge surge, reaching its highest ever price of $9.50 on February 25, and its market value soared past $1 billion. But then, things took a turn when Elon Musk sued OpenAI, causing panic among investors. As a result, there was a massive sell-off, dropping WLD’s price to $5.60 by March 5, a sharp 40% decrease.
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Despite a setback, blockchain indicators reveal continued positivity among long-term holders and major investors for Worldcoin (WLD), leading to a robust market rally. Notably, despite Elon Musk’s lawsuit against OpenAI, wealthy crypto investors have acquired an additional 720,000 WLD tokens between March 2 and 7, underscoring strong investor confidence in the coin.

Expansion of OpenAI Board Boosts Worldcoin Market
Recently, Sam Altman, co-founder of Worldcoin and CEO of OpenAI, made an announcement regarding the expansion of the OpenAI board, triggering a surge in the market for WLD. With new board members like Fidji Simo, Sue Desmond-Hellmann, and Nicole Seligman, the company is undergoing a strategic shift, signaling significant changes within the organization. This move is viewed positively within the community, reflecting the dedication and transparency of the top leadership.
Altman commended the contributions of the company’s CTO, Mira Murati, and its President and co-founder, Greg Brockman, for their ongoing efforts in propelling the company forward. Additionally, Altman acknowledged past decisions and expressed a commitment to learning from mistakes, emphasizing a culture of continuous improvement within the organization.

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Regulatory Challenges and Price Surge: Worldcoin’s Current Landscape
Amidst its success, Worldcoin is currently grappling with regulatory hurdles in Spain due to its data collection practices, particularly involving biometrics. Spain’s data agency has instructed Worldcoin’s parent company to cease collecting citizens’ data and retain any data already gathered.
Also Read:   Solana (SOL) Price Reaches $140 Despite Network Congestion
In response, Worldcoin has demonstrated its commitment to compliance with regulations such as the GDPR by filing a lawsuit against Spain’s data protection agency. While Worldcoin asserts that the data is utilized for secure identification purposes, concerns raised by privacy experts center around the potential for personalized marketing use. Consequently, other countries like France and Germany have initiated investigations into the matter.

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Despite these challenges, Worldcoin’s price experienced a staggering 45% surge, surpassing $10. This substantial increase indicates investor satisfaction with Altman’s recent announcements and confidence in Worldcoin’s ability to navigate legal obstacles. Currently valued at $10.59, Worldcoin exhibits robust trading activity and notable growth over both the past week and month.
Given these developments and the steadfast support of its community, Worldcoin appears to be at a pivotal moment. With significant advancements on the horizon, the future looks promising for this innovative cryptocurrency.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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#WLD  #Altcoin  #Cryptocurrency  #Worldcoin $WLD

Coinspeaker Worldcoin Launches World ID 2.0 with Tiered Authentication and Major Integrations

The latest version of Worldcoin’s identity platform World ID 2.0 comes with the addition of Apps, a new way to build and use integrations to verify your online accounts using World ID. Thanks to the upgrade, users will be able to explore various apps available on the new Worldcoin App Store, including the new integrations with Reddit, Discord, Shopify, Minecraft, messaging app Telegram, and e-commerce platform Mercado Libre.

World ID 2.0 introduces Apps, a new way to build & use integrations to verify your online accounts using World ID. pic.twitter.com/7fquMnjYZ1

— Worldcoin (@worldcoin) December 19, 2023

World ID 2.0 will have three “Levels” that provide access to a broader range of use cases such as “World ID Orb+” with face authentication. The lowest is the “World ID device level”, a digital ID based on verification with a mobile device. “World ID Orb” brings an added level of “assurance of humanity and uniqueness” as it makes use of the biometric scans taken with Worldcoin’s proprietary retina scanners. Orb+ is the highest level and uses facial authentication provided by selfie biometrics.

The second generation protocol also comes with “a series of core upgrades – such as the ability to return to an Orb to reset your World ID if it ever gets lost – that cement World ID as the most secure, private, and inclusive proof of humanity.” In addition, users will be able to delete Orb-verified World IDs in-app. The platform also has a Wallet Bridge that allows digital wallets to communicate with World ID apps.

World ID Apps allow users to verify accounts and apply a verification status similar to the blue checkmark used on some social media platforms. They also have the option of turning on sign-in through World ID.

“For added privacy, World ID Apps only have access to a disposable number calculated from your World ID. This means they can provide a consistent experience, but cannot use it to link you to other apps where you used your World ID,” the company assured users in a blog post.

World ID uses Zero-Knowledge Proof cryptography, with version 1.0 being lauded for its privacy level by Ethereum co-founder Vitalik Buterin. According to the post, “World ID 1.0 already represents 87% of the most common type of ZKPs in the Ethereum ecosystem.”

The platform was launched earlier this year with the goal of solidifying “proof of personhood” – which is becoming increasingly essential with the emergence and rapid adoption of artificial intelligence. The uniqueness of each user’s biometrics helps distinguish real users from bots. While there have been concerns about the safety of users’ biometric data, Worldcoin creator Tools for Humanity contends that the scans are only for initial verification and are not stored. So far, almost 5 million individuals have registered for Worldcoin’s World IDs.

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Worldcoin Launches World ID 2.0 with Tiered Authentication and Major Integrations

Worldcoin (WLD), the native token of a revolutionary crypto project co-founded by the visionary Sam Altman, CEO of OpenAI, has experienced an unprecedented surge of over 180% in just one week, reaching $7.2 as of February 19, 2024, compared to $2.6 on February 12, according to CoinGecko. This meteoric rise has propelled the token's market capitalization to an impressive $1 billion, with a 24-hour trading volume of $1.3 million.
The driving force behind this explosive growth is the remarkable milestone achieved by Worldcoin's crypto wallet application, aptly named the "World App." In a groundbreaking announcement on February 18, Worldcoin revealed that the World App has surpassed an astonishing one million daily users. This phenomenal growth is a testament to the project's rapid expansion, considering it had only 100,000 daily active users in November 2023.
Launched in July 2023 by the dynamic duo of Sam Altman and Alex Blania, Worldcoin distinguishes itself as a "privacy-preserving" digital identity verification project. The innovative platform rewards users with its native cryptocurrency, WLD, in exchange for securely scanning their irises. Worldcoin's overarching ambition is to pave the way for a global Universal Basic Income, with every individual on the planet receiving a modest amount of WLD tokens in exchange for identity verification.
Worldcoin's iris scan technology is heralded as secure, anonymous, and tamper-proof, effectively thwarting duplicate or fraudulent accounts. The project has committed to distributing 10% of the total WLD supply to its founding team and investors, allocating 20% to a community fund, and reserving a substantial 70% for the global population.
These remarkable gains by Worldcoin coincide with a series of groundbreaking updates from OpenAI, the research organization led by Sam Altman. On February 16, OpenAI unveiled Sora, a cutting-edge text-to-video generator powered by GPT-4, OpenAI's advanced natural language processing model. Sora enables users to effortlessly generate video clips and scenes from simple text prompts, showcasing the organization's commitment to pushing the boundaries of AI innovation.
Just a week earlier, on February 9, Sam Altman made headlines by announcing his ambitious plan to raise a staggering $7 trillion to support OpenAI's semiconductor chip development. Despite the eye-catching figure, Sam Altman remains undeterred, underscoring his unwavering commitment to advancing technology on a global scale.
The convergence of Worldcoin's phenomenal growth and OpenAI's groundbreaking advancements paints a compelling picture of a future where innovation and cryptocurrency play pivotal roles in shaping the world.
$WLD

#Write2Earn #TrendingTopic #WLDUSDT #Worldcoin #WLD

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