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Worldcoin price jumps 183% in 7 days: Do predictions say more gains?

2min Read

WLD has, in some ways, become the token representation of the broader AI market.

Worldcoin pumps 183% in a week: Did AI play a role in its rise?

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  • Daily users on the World App recently surpassed 1 million.
  • The coin became a hot topic of discussion in social circles.

Biometrics-based cryptocurrency Worldcoin [WLD] nearly tripled in value over the past week on the hype around OpenAI’s ambitious text-to-video generation model, Sora.

As of this writing, WLD was trading at an all-time high (ATH) of $7.48, AMBCrypto spotted using CoinMarketCap’s data.

The rally ended an extended downtrend, during which WLD plunged 47% from its previous high of $4.2.

Worldcoin price surges astronomically

Source: CoinMarketCap

New-found interest for Worldcoin

Daily users on the World App, the wallet built for the Worldcoin Project, surpassed 1 million on the 18th of February, creating a new record.

AMBCrypto discovered a spike in other on-chain indicators as well after conducting further research with Santiment data.

Also, daily transactions witnessed a tenfold increase over the last week, while the rate of new address creation exploded 16x.

Worldcoin on-chain activity surges

Source: Santiment

WLD sees positive market sentiment

Moreover, the coin became a hot topic of discussion on social circles. The number of mentions on top social media channels increased dramatically.

Market participants began to view WLD with optimism as Weighted Sentiment rose above the negative region after a long time.

Worldcoin's market sentiment turns positive

Source: Santiment

Linked with creators of disruptive AI projects, WLD has, in some ways, become the token representation of the broader AI market and emerging trends.

So, the frenzy created by Sora soon started reflecting on the coin’s market value.

This remains a pressing issue

Co-founded by OpenAI CEO Sam Altman, Worldcoin is a cryptocurrency project that aims to become the world’s largest identity and financial network.

The onboarding process involves iris scans, which, as per the creators, confirms humanness and eliminates bots’ involvement. In return, users get free WLD tokens.


How much are 1,10,100 WLDs worth today?


However, concerns about data privacy have inhibited the project’s growth.

Several countries have launched investigation into the project’s biometrics data collection, with Kenya even suspending the token in its jurisdiction.

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Aniket Verma works as a journalist at AMBCrypto. Contrary to most who are primarily interested in merely tracking price movements of cryptos, his focus is on examining the niche intersection between cryptocurrencies and traditional finance. A so-so Bitcoin maximalist, Aniket has a strong disdain for memecoins and the unfounded frenzy they seem to generate every market season. Coming from a strong engineering background, Aniket previously worked as a Content Manager for TV9 Network. Before his stint over there, he was an Associate Multimedia News Producer at Reuters.
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