During February 2024, Worldcoin's native WLD token underwent an impressive rally, surging by 320% and boosting its market capitalization by $840 million within a span of only 10 days.
The rally started on February 15 with the introduction of OpenAI's latest text-to-video AI model, Sora, which caused a shift in Worldcoin's price trend from a bearish to a bullish trajectory.
Between February 15 and 19, the price of WLD experienced a substantial increase of 160%, reaching a global peak of $8. However, on February 21, there was a wave of profit-taking as investors grew optimistic about NVIDIA's Q4 earnings, leading to a retracement of the WLD price to $6.
Nonetheless, NVIDIA's exceptional earnings propelled its share price to new all-time highs, and this positive sentiment likewise drove the price of WLD to another record peak of $9, contributing an additional 50% to its February gains.
Beyond the attention from the media, the Worldcoin project has been witnessing growing adoption worldwide since the start of the year.
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The news credit goes to Crypto dot com.
the image credit goes to tradingView
