Over the past week, Worldcoin (WLD) has been quite the roller coaster for investors. It hit a high of $9.50 on February 25, causing excitement among traders. However, things took a turn when Elon Musk’s legal battle with OpenAI triggered a massive sell-off, driving WLD’s price down to $5.60 by March 5. In the last 24 hours, the WLD price has increased by 40%. Let’s look at this in more detail in Worldcoin price prediction.
Worldcoin Price Prediction: How has the WLD price moved in recent days?
The week kicked off with a surge of enthusiasm as WLD’s market cap surpassed $1 billion. But Elon Musk’s legal battle threw a wrench in the excitement, leading to a significant market downturn.
Despite the setback, indicators from on-chain data suggest that long-term holders and large investors remain optimistic. Crypto whales snapped up an additional 720,000 WLD tokens between March 2nd and 7th, indicating a strong belief in the coin’s potential.
Currently, Worldcoin is priced at $10.66, with a trading volume of $5.32 billion over the last 24 hours. Its market capitalization stands at $1.58 billion, representing a market dominance of 0.06%. Over the last day, the price of WLD has increased by 40.71%.
The highest recorded price for Worldcoin was on March 9, 2024, reaching an all-time high of $10.94, while its lowest price was observed on September 13, 2023, dropping to an all-time low of $0.974102. Since its high, the lowest price experienced was $10.20, called the cycle low, while the highest price since the last cycle low stood at $10.71, called the cycle high. Currently, the sentiment for Worldcoin’s price forecast is bullish, with the Fear & Greed Index indicating an extreme greed level of 84.
Out of a max supply of 10.00 billion WLD, the current circulating supply of Worldcoin stands at 148.27 million WLD.
Worldcoin Price Prediction: Why Is WLD Price Higher?
So, one reason for the price jump is because Sam Altman jumped back on the OpenAI board after taking a short hiatus, which caused a bit of a stir.
And check this out—OpenAI shook things up even more by adding three new people to the board: Sue Desmond-Hellmann, who used to run the show at the Bill and Melinda Gates Foundation; Nicole Seligman, who has some serious experience from her time at Sony; and Fidji Simo, who made a name for himself at Instacart.
So, people are saying that Worldcoin’s price hype is partly because everyone is buzzing about the upcoming Nvidia 2024 GTC conference and the possible debut of GPT 5, OpenAI’s latest AI wizardry. They say that this new AI is blurring the line between humans and machines, making everyone feel a lot about technology.
But get this – even with some legal drama in Spain over how they collect data, Worldcoin is still riding high. Spain has had some beef with WLD’s method of collecting personal information through eye-scanning devices. So, the Spanish data authority stepped in and told Worldcoin to cut it out and stop using any data they already got from it.
It all went down on March 6, and Worldcoin had 72 hours to prove they were playing by the rules. The head of the Spanish data team, Mar España Martí, stressed the importance of teamwork in the EU to deal with these kinds of issues, saying they affect people in all member states.
How high can the WLD price go?
So, let’s break down what has been happening with Worldcoin lately. It rode a wave of positivity, with 20 out of the last 30 days being green. That’s like achieving a 67% success rate, which is pretty impressive. It shows that people are really getting on board with the whole Worldcoin thing.
Now, here’s the exciting part – Worldcoin is hovering near its all-time high in terms of trading. This is a big deal because it tells us that the market sentiment is very strong and there is a good chance that the price could go even higher. It’s like there’s this invisible barrier at the all-time high, and everyone’s wondering if WLD can break through and set new records.
And let’s not forget Worldcoin’s liquidity. Basically, it is easy for people to buy and sell WLD without messing up the market too much. This is important because it means smooth sailing for traders, especially those big institutional players who want to make moves without causing a stir.
So, the price of WLD can bounce between $11 on the low end and $14 on the high end. According to our crystal ball – or, you know, our WLD price prediction chart – there’s a chance that Worldcoin could climb another 30% and reach around $14 in the coming days if it manages to hit that upper price target. So, keep your eyes peeled because things could get pretty interesting!
Where to BUY WLD?
Bitget stands out as a reliable crypto exchange. It offers a user-friendly interface, making it easy for both beginners and experienced traders to navigate and transact at the lowest fees on the market. To get started with Bitget, you need to create an account, complete the necessary KYC procedures, and then you can start trading a variety of altcoins available on the platform.
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Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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