Following Microstrategy’s purchase announcement, Bitcoin‘s price experienced a typical decline, with the depth of this downturn remaining uncertain. Historically, such announcements have led to price dips, which later marked local bottoms. Meanwhile, most altcoins continue to rise. As for OpenAI CEO Sam Altman’s crypto project, WLD Coin, the market anticipates its trajectory.
The Worldcoin team, having withdrawn from India a few months ago, aims to resume operations in the region next year. The project has sparked controversy in various countries, including Kenya and Germany. Regulatory pressure and legal challenges are expected to persist, with market observers having discussed these issues for months.
Worldcoin’s significant advantage lies in its association with a well-known founder like Sam Altman. As the hype around artificial intelligence grows, OpenAI, led by Altman, remains a major player. Worldcoin’s parent company, Tools for Humanity (TFH), has paused its operations in India until it can safely manage the increasing demand, hinting at a positive future for WLD Coin as operations resume in India and elsewhere.
To date, Worldcoin has only registered 2.8 million people, a mere 0.04% of the initial 8 billion target. The company will likely undertake efforts to assure the public that iris data is completely erased from devices after digital identity creation.
If privacy concerns are properly addressed, WLD Coin could embark on a new journey. Altman has emphasized the growing importance of identifying real users in light of AI’s rising interest. He is expected to continue promoting this view to new investors in the coming year, which could lead to a surge in WLD Coin demand alongside AI growth.
Initially reaching $5.3, WLD Coin’s price now hovers around $3.6, with maintaining the $3.24 support level being crucial for potential growth. Strong sell pressure exists above $4.4, but if bulls overcome this, a new all-time high could be on the horizon. With a market cap of just $370 million, there is room for growth, and joining the ranks of the largest cryptocurrencies could push its price well above $40. Upcoming promotional efforts and strategic steps by the team will be pivotal in the next year.