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Crypto
ETH,OP
Worldcoin(WLD)

$2.24

-0.56%

Market Cap
278.60m
 

-0.56%

Volume (24h)
51.39m
 

23.75%

Released on 28 Oct 2021
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Worldcoin, Nvidia Hit Record Highs as AI Hype Fuels Crypto and Stock Market Rally - Decrypt
3 days ago
TopCryptoNews
TopCryptoNews
followers

The company that wants to scan your eyeballs for some cash is flying high, along with other projects connected with artificial intelligence. Worldcoin, a cryptocurrency initiative led by OpenAI CEO Sam Altman, has soared to unprecedented heights—joined in flight by a dozen other AI-related tokens and stocks. Worldcoin's WLD digital currency registered a remarkable 21% price increase in the past 24 hours, catapulting from $7.08 to an all-time high of $8.96 per token—before settling at a robust $8.20 at the time of writing, according to CoinGecko. The leap marks a staggering 300% appreciation in February alone, a month that began with WLD valued at a mere $2.20. Worldcoin's big pitch is to be the primary decentralized digital identification platform that gives every person on the planet the ability to prove their humanity—distinguishing real people from bots or AI algorithms. To achieve this, Tools for Humanity, the startup behind the protocol, developed World ID, a privacy-centric solution that allows users to confirm their "humanness.” This verification process relies on the Orb, an iris-scanning device that creates a unique IrisCode for each user. This code, akin to a fingerprint, is stored on a decentralized blockchain, ostensibly protecting it from fraud. As dystopian as it sounds, people are piling up to present their eyes to the Orb and registering their iris. The World App, the project's first wallet, surpassed 1 million daily users this week. The idea has gained traction, especially among young people and citizens in developing countries in which the payment they get in exchange for registering their identities is valuable enough to be significant secondary income. The excitement isn't confined to Worldcoin alone. The broader AI token market is also ablaze, with notable projects like The Graph, Ocean, and Render Protocol seeing over 50% gains in the last seven days. Fetch AI is up by 75%, the lonh-forgotten Golem went up 68%, and SingularityNET recorded a 120% increase. The AI fervor extends to the stock market as well, which was already buoyed by Nvidia's announcement yesterday of record profits. Nvidia's stock (NASDAQ:NVDA) has risen 16% since then, achieving a near 30% increase in February to reach an ATH of $785. Other tech giants, including AMD and Microsoft, have also seen significant upswings, with AMD (NASDAQ:AMD) experiencing an 11% spike today and Microsoft (NASDAQ:MSFT) enjoying a 3% rise. Meta, not to be left behind, has climbed almost 4% today, contributing to its 25% growth over the month. All of these stocks are flirting near their all-time high prices. The resurgence of interest in AI has been a driving force behind the recovery of the S&P 500 since last year, with technology companies the focus of discussions among analysts. A spike in related searches in Google Trends further indicates a widespread fascination with AI and its potential impact on the cryptocurrency market and the broader financial landscape. $WLD #WLD #Write2Earn #TrendingTopic

2 days ago
Coinpedia
Coinpedia
followers

The post Can Your $100 in Worldcoin Turn To $1000 In This Crypto Bull Run? appeared first on Coinpedia Fintech News The cryptocurrency market has displayed a massive uptrend in its valuation today, with major altcoins adding significant value to their valuation. The Worldcoin price has added approximately 40% within the past 24 hours, making it one of the top gainers of the day in the crypto space. Worldcoin (WLD) Price On A Path To Test $10 Mark! The Worldcoin price traded in a closed range between $2.144 and $2.670 for a brief period, following which the bulls gained momentum, and the price broke out of the range. However. The rally was short-lived as it faced rejection at $3.273, after which the price traded sideways for a while. As the market volatility grew, the bulls regained momentum and recorded another jump of 53.40% within the next two days. After trading sideways for a while, the WLD token recorded another jump of 55.129% in valuation. TradingView: WLD/USDT The Worldcoin then faced rejection at $7.789, following which the price traded in a consolidated range between $6.291 and $7.789 for the next three days. Recently, the bulls successfully broke out of the resistance level but faced rejection at $8.831 and have been trading sideways since then. The Moving Average Convergence Divergence (MACD) displays a rising green histogram, indicating an increase in the buying pressure in the market. Further, the averages show a bullish convergence, suggesting a positive price action for the WLD token in the coming days. How High Will The Worldcoin Price Reach? If the market pushes the price above the $8.831 mark, the bulls will regain momentum and prepare to test the upper resistance level of $10 by the weekend. Conversely, if the bears overpowered the bulls, the WLD price would lose momentum and fall to test its support level of $7.789. Moreover, if the bears continue to dominate the market, it will further plunge and prepare to test its lower limit of $6.291 in the upcoming month.

3 days ago
奔跑财经-FinaceRun
奔跑财经-FinaceRun
followers

This company that wants to scan your eyeballs for cash and other AI-related projects are growing rapidly. Worldcoin, the cryptocurrency initiative led by OpenAI CEO Sam Altman, has soared to unprecedented heights, joined by a dozen other AI-related tokens and stocks. According to data from CoinGecko, Worldcoin’s WLD digital currency saw a massive 21% price increase over the past 24 hours, surging from $7.08 per coin to an all-time high of $8.96 before settling at $8.20 at the time of writing. This jump marks a 300% appreciation in February alone, when WLD was worth just $2.20. Worldcoin's goal is to become the primary decentralized digital identification platform, allowing every person on the planet to have proof of identity, distinguishing real people from robots or artificial intelligence algorithms. To achieve this, Tools for Humanity, the startup behind the protocol, developed World ID, a privacy-focused solution that allows users to confirm their identity. This verification process relies on the Orb, an iris scanning device that creates a unique iris code for each user. The code is similar to a fingerprint and is stored on a decentralized blockchain, ostensibly protecting it from fraud.

3 days ago
Coinstages
Coinstages
followers

Worldcoin [WLD] nearly triples in value driven by interest in AI, reaching an all-time high of $8.59.Despite the growth, privacy and regulatory concerns challenge Worldcoin, with active investigations in several countries. Worldcoin [WLD], has nearly tripled in value in the past week, driven by enthusiasm generated by OpenAI’s text-to-video generation model, Sora. At the time of writing, WLD is trading at an all-time high of $8.59, according to CoinMarketCap data observed by ETHNews. Downtrend Ends This rally ends a long downtrend during which WLD fell 47% from its previous high of $4.2. This renewed interest in Worldcoin is also reflected in the daily usage of the World App, the wallet designed for the Worldcoin project, which surpassed 1 million users on February 18, setting a new record. ETHNews, upon further investigation with data from Santiment, noted an increase in other blockchain indicators. Daily transactions experienced a tenfold increase in the last week, while the rate of new address creation skyrocketed 16 times. Positive Market Sentiment In addition, the currency became a hot topic of discussion in social circles, with a dramatic increase in the number of mentions on major social media channels. Market participants began to view WLD optimistically, as the Weighted Sentiment rose above the negative region after a long time. Linked to the creators of disruptive AI projects, WLD has somehow become the tokenized representation of the broader AI market and emerging trends. Thus, the frenzy created by Sora soon began to be reflected in the coin’s market value. Challenges for Sam Altman Co-founded by OpenAI CEO Sam Altman, Worldcoin is a cryptocurrency project that seeks to become the world’s largest identity and financial network. The onboarding process involves iris scans, which, according to its creators, confirm the user’s humanity and eliminate the involvement of bots. In return, users receive free WLD tokens. However, data privacy concerns have limited the project’s growth. Several countries have launched investigations into the project’s biometric data collection, with Kenya even suspending the token in its jurisdiction. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #Worldcoin #WLD

3 days ago
CoinDesk
CoinDesk
followers

OpenAI CEO Sam Altman’s Worldcoin {{WLD}} token hit record highs on Thursday alongside a broader rally in artificial intelligence (AI)-related tokens. AI cryptocurrencies initially jumped in price Wednesday evening after chipmaker Nvidia (NVDA) beat lofty fourth-quarter earnings and first quarter guidance expectations and the move has gained strength since. Taking the lead in terms of gains is Worldcoin’s WLD, which is up 40% on the day and almost 170% over the past 7 days. The token touched a new all-time high of $8.85 earlier and was trading at $8.54 at press time. Worldcoin was co-created by OpenAI founder Sam Altman and thus often associated with AI-related projects. SingularityNET {{AGIX}}, a decentralized AI marketplace, saw its token climb 43%. FetchAI {{FET}} was up 18%. Other tokens associated with AI moving on Thursday included the Graph’s {{GRT}} which was up 17% and Render’s {{RNDR}}, jumping 23%. According to Strahinja Savic, head of data and analytics at FRNT Financial, there’s a number of reasons behind the recent AI-related token pump. “The launch of [OpenAI's] Sora [and] Nvidia’s impressive sales forecast are fuelling broader optimism surrounding AI that is spilling over into crypto," said Savic in an interview with CoinDesk. "We’ve seen this in crypto in the past, where metaverse-related tokens rallied when Facebook changed its name to Meta.” Savic posed the question of how effective exposure is to artificial intelligence via these AI-themed tokens as most don’t actually have a direct connection to the adoption being driven by OpenAI or Google’s Gemini. Gemini is Google’s family of AI models, similar to OpenAI’s ChatGPT. “The use of blockchain tech for the purposes of AI remains unclear and at this point is highly experimental," continued Savic. "Having said that, buying AI-themed cryptocurrencies is more exposure to niche blockchain-based AI derivatives, rather than exposure to the mass adoption that has received so much attention recently." Savic also noted that there’s a possibility that the demand for AI tokens is coming from investors in areas that don’t have access to U.S. equities. “It is conceivable that for an investor not able to buy stocks like NVDA, AI-themed tokens may be the next best thing,” he added. Worldapp, which is Worldcoin’s first wallet built for the project, surpassed 1 million daily users earlier this week, according to the company.

3 days ago

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