Worldcoin, a cryptocurrency initiative led by OpenAI CEO Sam Altman has emerged as the highest weekly gainer among the top 100 tokens by market cap. With an aggressive rally, the coin price has today’s market at a new all-time high. The massive inflow is a collective contribution from overall positive sentiment in the Al sector’s and Nvidia’s earnings results which bolstered the further momentum.

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Supply Pressure at $9 Hint New Correction

Worldcoin Price Prediction| Tradingview

The AI-related crypto tokens have outperformed the broader market since last week, despite a sluggish movement in Bitcoin. As per the recent data, Worldcoin(WLD) coin has witnessed a 140% surge in a week, while SingularityNET (AGIX) jumped 148%, Fetch.ai (FET) and Graph (GRT) surged 66% and 50% respectively.

On February 16th, OpenAI introduced its text-to-video generator Sora which triggered renewed interest in Artificial intelligence in the market, consecutively surging the Al-related coins. Moreover, Nvidia (NVDA) exceeded high expectations for its fourth-quarter earnings and provided strong guidance for the first quarter, continuing to build momentum since the release.

Thus, the WLD price is trading at $8.83 recording a 2.5% gain. Moreover, the Worldcoin price surged over 200% in the last two weeks, reaching a $1 billion market cap, as per crypto analytics firm, IntoTheBlock. 

Worldcoin prices increased by more than 200% in the last 14 days, hitting a market cap of 1bn. The FDV of $WLD is currently around $81bn, surpassing that of OpenAI! pic.twitter.com/XBLsTOkaSv

— IntoTheBlock (@intotheblock) February 23, 2024

Its Fully Diluted Valuation (FDV) now stands at $81 billion, surpassing OpenAI’s valuation. This significant growth underscores the increasing investor interest in Worldcoin, highlighting its potential in the digital asset market.

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Is the Worldcoin Price Ready For $10?

While the Worldcoin price rally back by increasing volume supports a bullish outlook, the current pace is less likely to continue unless driven by some news. Thus, if the WLD price is poised for a correction phase it may offer traders pullback support at $7.5, followed by $6.5.

Bollinger Band: The coin price challenging the upper boundary of the Bollinger Band indicator reflects the buying momentum is aggressive.
Average Directional Index: The ADX slope at 55% reflects the bullish momentum that may feel exhaustion.

The post Worldcoin Price Prediction: Will High-Momentum Rally Surpass $10 Next? appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am