Bitcoin’s price continues to find buyers above $42,000 on Saturday, and as expected, volumes have fallen. The weakening volume has not led to significant price drops. However, the popular digital identity-focused crypto project Worldcoin has significantly diverged positively. At the time of writing, the price was over $3.
WLD Coin
OpenAI CEO Sam Altman’s crypto project has been showing high volatility for the last month. During the days when Altman was removed from his position and then reinstated, the price fluctuated significantly. Now, it is finding buyers at $3.1, with an increase of over 20%.
To date, more than 2.6 million people have scanned their retinas with Worldcoin’s device named “ORB” and acquired their digital identity. Sam Altman, in a recent virtual Q&A session with FT Partners, emphasized the growing importance of digital identity and stated:
“In a world with a multitude of artificial intelligences, knowing who is human is becoming increasingly important. As artificial intelligence becomes an increasingly significant part of our lives, we believe that the ability to identify unique humans will become increasingly important.”
This is a fantastic approach for WLD Coin investors and a promising statement regarding the price performance expectations of WLD Coin. With artificial intelligence, especially with OpenAI, we may see WLD Coin becoming more associated in the future, as Sam Altman’s position at the forefront of this major company is not only beneficial but also related to AI production.
WLD Coin Review
Worldcoin announced it was looking for additional investment to complete its mission, and with Sam Altman’s statements, the price quickly began to rise. With a price that has reached $3.27 in the last 24 hours, it still has the potential to continue its rally towards new highs.
The fact that Worldcoin managed to raise $115 million in its Series C funding round and received support from reputable investors such as Blockchain Capital, a16z Crypto, and Bain Capital Crypto suggests that additional investment could be forthcoming.
However, the long-term risks have not disappeared. We’re talking about the issues it has faced with regulators since being listed on the Binance exchange, which could pose a long-term risk. Regulators in the UK and Germany took action after its July launch. Possible regional bans and lawsuits due to regulatory pressure could undercut the price in the long run.
Yet, if Sam Altman can overcome regulatory pressure, with the potential of artificial intelligence to eliminate the need for digital identity, we can say that WLD Coin is still very early in terms of price. Surprising price peaks in the years 2024-2025 are likely.
