Is It Too Late to Buy WorldCoin? WLD Price Surges as Innovative Mining Protocol Democratizes Cloud Mining
In a major move for Sam Altman’s crypto project, Worldcoin, WLD price has surged amid market excitement over OpenAI’s AI-powered video generation service Sora.
This article will provide an analysis of WLD’s current price trends and look to see whether a newer project, BTCMTX, represents a more promising investment opportunity at this time.
$WLD Hit a Fully dilluted valuation of over $90 Billion yesterday.
What this means and how it works can be read in my previous tweet below.
Shows you yet again how these FDV's can be deceiving in the short term. Longer term (1+ years), they are very important. https://t.co/pUrXhmqlD9 pic.twitter.com/dldsrcLESL
— Daan Crypto Trades (@DaanCrypto) February 23, 2024
However, despite the recent WLD price surge, crypto market spectators appear increasingly concerned by the prospect of an over-valuation by irrational markets, especially in face of an upcoming wall of token unlocks that could negatively impact WLD price performance.
Sam Altman’s announcements have driven Worldcoin’s price to surge, now trading at $8.78, a +7.8% change in 24 hours.
Following a brief pullback on February 20, Worldcoin soared to a new peak of $9.03.
Currently, after a significant rally, Worldcoin shows a +108% increase above the 20-day moving average (20DMA) support, propelled by the AI narrative.
The 20-day moving average (20DMA), positioned at $4.21, has played a pivotal role recently, initially acting as resistance throughout January and later supporting a consolidation phase before a significant surge.
Worldcoin’s price surged on February 12, following a bounce off the 20DMA, leading to a +264% increase.
This rally to a new high was notably driven by the enthusiasm around Sam Altman’s announcement regarding OpenAI’s
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