BTC price experienced a classic downturn following the recent Microstrategy acquisition announcement, and it remains uncertain whether this decline will deepen. In previous announcements, we had seen the price mark the relevant area as the bottom after a decline. Turning to today, the rise continues for most altcoins. So, what are the expectations for OpenAI CEO’s crypto project WLD Coin?
WLD Coin 2024 Outlook
A few months ago, the Worldcoin team withdrew from India, but they aim to restart their activities in the region next year. The project has caused discussions in many regions, including Kenya and Germany. It is likely that regulatory pressure and legal issues will continue in the long term, and this has been talked about for months.
However, having a popular founder like Sam Altman is the biggest advantage of the Worldcoin project. As the hype in the field of artificial intelligence continues to grow, the biggest player there is OpenAI, led by Altman.
The company behind Worldcoin, Tools for Humanity (TFH), had paused its operations in India until it could safely process the increasing demand, and we mentioned that seeing Orbs again in India and other regions next year could yield good results for WLD Coin.
The Future of WLD Coin
So far, only 2.8 million registrations have been made, which is just 0.04% of the 8 billion initially targeted by Worldcoin. The company will likely do some work to convince people that iris data is completely deleted from the device after creating a digital identity.
If privacy concerns due to increasing pressure can be suppressed with the right strategy, WLD Coin could embark on a completely different journey. Sam Altman recently stated that with the growing interest in artificial intelligence, the detection of real users will become important. Likely, next year Sam Altman will continue to instill this view in new investors. If accepted, the demand for WLD Coin could multiply with AI growth.
The WLD Coin price, which initially approached the $5.3 mark in its first week, is now at the $3.6 level. Maintaining the $3.24 support is crucial and could mean the continuation of the rise. There are strong sell-offs above $4.4. In the scenario where the bulls surpass this region, the start of a new ATH (All-Time High) journey is expected.
With a market value of only $370 million, there is room for more growth. When it enters the ranks of the largest cryptocurrencies, it will need to have a price over $4 billion, which means a ceiling price of over $40. This situation could also lead to more users chasing the device to obtain their digital identity. The steps taken by the team next year and especially the advertising efforts will be important.
