Connect with us
Active Currencies 14848
Market Cap $2,388,834,665,855.60
Bitcoin Share 54.19%
24h Market Cap Change $0.50

Elon Musk vs Sam Altman: What’s next for Worldcoin after new lawsuit

2min Read

Proxy battle between Elon Musk and Sam Altman threatens Worldcoin adoption but the charts speak differently.

Worldcoin

Share this article

  • Elon Musk sues Sam Altman over alleged manipulation and deceit.
  • Worldcoin token to play a key role in the next bull market cycle.

Elon Musk is suing Sam Altman again, accusing him of deceit and manipulation in changing OpenAI from a ‘non-profit’ to a ‘for-profit’ status.

This shift can cause controversy, but transparency and accountability are crucial, especially in cryptocurrency, where fraud is common. 

Here’s a look at how the lawsuit might impact Sam Altman founded Worldcoin [WLD] token’s price.

Different metrics imply WLD’s wallet activity stagnating

A combination of  price, transaction volume, active addresses in the last 30 days, weighted sentiment, network growth, and total supply shows that despite Elon Musk suing Sam Altman for alleged deceit in OpenAI’s shift to ‘for profit’ status, WLD wallet activities remain stagnant. 

This stagnation might indicate the calm before a potential surge reaching for a new ATH. The token could rise once the market recovers from the crypto recession crash.

The Relative Strength Index shows oversold conditions after bouncing off the 30% level. Decreasing volume bars indicate that selling pressure is waning, which suggests a good time to buy. 

The daily candle shows strong bullish sentiment, possibly signaling the right moment for investors to go long on the WLD token. 

As we await the outcome of Elon Musk’s lawsuit against Sam Altman, staying informed can help you find the best entry point for a potential rally.

Source: TradingView

WLD chart shows the token will secure the $1.5 support level

You can consider buying WLD on spot trading since the coin has adjusted significantly from its all-time high but remained in the support zone despite the market decline and negative news.

The Worldcoin token is facing challenges as it moves toward the $1.50 support level, with bearish trends continuing. 


Read Worldcoin’s [WLD] Price Prediction 2024-25


The breaking of the inclined resistance at 1D allows investors and traders to hope for continued growth after overcoming the mirror resistance.

However, expectations are high for a reversal, with Worldcoin anticipated to play a key role in the next bull market cycle. Historically, it has shown a potential for a 10x gain.

Source: TradingView

Share

Lennox is a professional financial market analyst who's enthusiastic about blockchain, cryptos, and web3. He started blogging about cryptos back in 2019 and has since never looked back. His work revolves around looking at crypto-projects analytically on a technical and on-chain level, while also making sure it's palatable to the general audience.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.