The dismissal of OpenAI CEO Sam Altman had caused a rapid decline in the price of WLD Coin. However, the situation has turned around, and signs of a possible reversal in the turmoil at the artificial intelligence giant have emerged. This could also impact the price of WLD Coin. So, what is the current situation with Sam Altman and WLD Coin?
Why is WLD Coin Rising?
The news of the OpenAI board of directors terminating CEO Sam Altman’s position came as a bombshell. According to a Bloomberg article dated November 19, based on information from informed sources, some investors of the company are in talks with Microsoft to reinstate Altman as CEO. If Microsoft, the largest shareholder, agrees, Sam could return to his position instead of Mira Murati.
The news of his dismissal was announced through a blog post. The board of directors, who described Sam with dishonesty and insincerity, sparked curiosity about the reason behind this move. This led to the spread of the idea that Sam may have made a major mistake. Naturally, we also saw a downward movement in the Worldcoin project, which he founded.
Now, the price is on the rise again. Some sources claim that if the current board of directors resigns, Sam may be willing to return to his position. Another puzzling point was Microsoft CEO Satya Nadella’s surprise reaction to the decision of dismissal. Lastly, a few hours ago, Sam made a post stating that he loves his team. This could be interpreted as increased pressure on the management team to resign.
WLD Coin Analysis
Even if Sam Altman returns to his position, there will continue to be regulatory pressures on Worldcoin in the long run, posing a significant risk to the future of the price. On the other hand, short-term fluctuations in the price may continue. The Worldcoin project aims to bring digital identity to the world, scanning people’s retinas for a small fee (WLD Coin) and providing them with an identity.
This is something that many EU countries are considering. As of the time this article was written, the price is at $2.32. Within 24 hours of the announcement, the price had dropped to $1.8. It then rose by up to 30%, but it is still far from the peak of $2.6 on November 12.
If the price can close above $2.45, it may continue its journey towards a new all-time high. On the other hand, closing below $1.98 could lead to a decline to $1.84 and $1.68.
