Bitcoin continued to find buyers above the $42,000 level on Saturday, while the expected decline in volumes occurred. However, the drop in volumes did not lead to significant price losses. Worldcoin, a popular crypto project focused on digital identity, exhibited a positive divergence and was trading over $3 at the time of writing.
The crypto project of OpenAI CEO Sam Altman has shown high volatility over the past month. During the period when Altman was dismissed and then reinstated, the price fluctuated significantly. Now, it is finding buyers at $3.1, representing an increase of over 20%.
So far, more than 2.6 million people have obtained their digital identities by scanning their retinas with Worldcoin’s “ORB” device. Sam Altman emphasized the increasing importance of digital identity during a virtual Q&A session with FT Partners and mentioned that the ability to uniquely identify individuals will become more crucial as artificial intelligences occupy an increasingly significant place in our lives.
Worldcoin announced that it was seeking additional investment to complete its mission, and following Sam Altman’s statements, the price began to rise rapidly. In the last 24 hours, the price reached $3.27 and has the potential to continue its rally towards new highs.
Problems with regulators and measures taken by regulators in the UK and Germany after being listed on the Binance exchange continue to pose a long-term risk. However, if Sam Altman can leverage the potential of artificial intelligence to eliminate the need for digital identities, it still appears to be early days for WLD Coin in terms of price, and surprise price peaks in 2024-2025 are looking possible.