Home / Analysis / Crypto / Price Predictions / Worldcoin Price Prediction 2024: Can Sam Altman’s WLD Keep Growing?

Worldcoin Price Prediction 2024: Can Sam Altman’s WLD Keep Growing?

Last Updated April 22, 2024 10:20 AM
Giuseppe Ciccomascolo
Last Updated April 22, 2024 10:20 AM
Key Takeaways
  • Worldcoin’s WLD native token climbed after the OpenAI-Altman turmoil of late 2023.
  • It jumped further on the news of OpenAI’s Sora launch but it dropped in mid-March.
  • How will WLD react to Layer-2 news?
  • One price prediction says it may reach $22.03 next year.

Worldcoin, Sam Altman’s cryptocurrency venture, has fallen after surging dramatically in February.

The driving forces behind the rise were straightforward, primarily stemming from widespread excitement ignited by OpenAI’s latest creation, Sora. This AI application lets users generate videos from text, sparking a wave of anticipation and fervor across the tech and investment communities.

While Sora and Worldcoin operate independently, they share a common founder in Sam Altman. His reputation is amplifying investor interest in both projects, further fueling their potential growth.

The coin had a mixed March and, after jumping on Sora’s news, it dropped in line with all the crypto market. Now it’s in an uptrend but can it last?

But Sam Altman’s Worldcoin, a proof-of-humanity project, is now gearing up to use its own Layer 2 platform to help during user onboarding. The upcoming Layer 2, dubbed World Chain, will be bolstered by Ethereum’s security measures, as confirmed in a recent statement. Furthermore, verified human users will receive preferential treatment in terms of block allocation over bots, along with some complimentary gas, according to the same statement.

While the Worldcoin Foundation is officially spearheading the launch of this new Layer 2, it’s worth noting that Worldcoin has been predominantly developed and promoted by Tools for Humanity.

Neither Worldcoin nor OpenAI responded to a request for comment.

But what is Worldcoin (WLD)? How does Worldcoin work? Let’s see what we can find out, and also take a look at some of the Worldcoin Price Predictions that were being made as of May 8, 2024.

Worldcoin Price Prediction

Let’s examine some of the Worldcoin price predictions being made on May 8, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $12.71 $15.00 $43.03
Prediction #2 $16.23 $22.03 $51.02
Prediction #3 $8.80 $10.02 $25.86

First, CoinCodex  had a short-term Worldcoin price prediction which said that the token would be somewhat volatile in the coming weeks, with it dropping to $7.64 by May 13 and reaching $19.24 by June 7. The site’s technical analysis was neutral, with 17 indicators sending bullish signals and seven making bearish ones.

Worldcoin Price Prediction for 2024

DigitalCoinPrice  said that Worldcoin could reach $12.71 this year. However, Bitnation  said WLD could increase to $16.23 by December and SwapSpace  said it would go up to $8.80 this year. 

Worldcoin Price Prediction for 2025

DigitalCoinPrice’s Worldcoin price forecast had it reach $15.00 next year. Bitnation said it would trade at $22.03. SwapSpace thought WLD would be worth $10.02 in 2025.

Worldcoin Price Prediction for 2030

Looking at a more long-term Worldcoin price prediction, DigitalCoinPrice said it would be worth $43.03 in 2030. Bitnation thought it would reach $51.02 that year. SwapSpace’s WLD price prediction said it would stand at $25.86 at the start of the next decade.

Google Gemini AI Price Prediction for Worldcoin (as of May 8)

Google’s Gemini AI platform gave the following price prediction for Wordlcoin on May 8. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next three months)

  • Expected price: $18.80
  • Factors to Consider:
    • Market volatility: The cryptocurrency market is highly volatile, meaning prices can fluctuate significantly in short periods.
    • Project developments: Any significant news or developments related to Worldcoin, such as partnerships or technological advancements, could impact the price.
    • Regulatory landscape: Changes in government regulations related to cryptocurrencies could also affect the price.

Medium Term (Next six months)

  • Expected price: $12.87
  • Factors to Consider:
    • Overall market sentiment: If the general sentiment towards cryptocurrencies is positive, it could benefit WLD’s price. Conversely, negative sentiment could lead to a price drop.
    • Worldcoin project development: Significant developments or partnerships within the Worldcoin project could positively impact the price.
    • Regulations: Regulatory changes from governments could affect the entire cryptocurrency market, including WLD.

Long Term (Next five years)

  • Expected price: $27.08
  • Factors to Consider:
    • Market sentiment: Overall market sentiment towards cryptocurrencies can significantly impact the price of WLD.
    • Regulation: Government regulations on cryptocurrencies can also affect the price.
    • Adoption and Use Case: The wider adoption and use cases of Worldcoin technology will influence its demand and subsequently, its price.
    • Competition: The presence of competing cryptocurrencies with similar functionalities can impact the price of WLD.

Recent Updates from Worldcoin

Worldcoin recently introduced  World Chain, “a new blockchain designed for humans”.

It said: “World Chain will be open to everyone. Verified humans, including more than 5 million verified World ID holders, will get priority blockspace over bots & a gas allowance for casual transactions.”

WLD Price History

Worldcoin price history
Worldcoin price in 2023 and 2024 | Credit: CoinMarketCap

Now, let’s examine the, admittedly brief, Worldcoin price history . While we should never take past performance as an indicator of future results, knowing what the coin has achieved can provide us with some very useful context if we want to make or interpret a Worldcoin price prediction.

WLD first came onto the open market in July 2023. On July 24, it opened at an all-time low of $1.66 before reaching an all-time high of $3.58 later that day. Since then, it has fallen down and, on August 4, 2023, it was worth about $2.30.

It then ended 2023 at $3.6392 before moving slightly down in January 2024. The following month, it boomed, jumping to $7.9081 on February 29, 2024.

Worldcoin was worth $5.85 on May 8, 2024.

At that time, there were 205.5 million WLD in circulation, out of a total supply of 10 billion. This gave the token a market cap of about $1.20 billion, making it the 69th largest crypto by that metric.

Worldcoin Price Analysis

Worldcoin Price Analysis
Worldcoin needs to get above $6.50 | Credit: Nikola Lazic/TradingView

WLD fell from its early March high and dipped below $4 on April 13. The daily chart’s RSI indicated oversold conditions, prompting a rebound. 

As the indicators hinted at an uptrend, there was hope the decline would end and a new bullish phase would start. This now looks highly likely with a breakout from the descending channel. 

The price of WLD retested the $4 support on May 1, causing a bounce to $6.50 on May 6, which was a higher high than on April 22. However, this momentum stopped, potentially leading to more downside. 

If the price gets past $6.50, we are seeing a new starting uptrend that has the potential to surpass Worldcoin’s all-time high. But if the current struggle continues and WLD falls below $6 again, that would be an early sign of a potential drop below $4. 

Is Worldcoin a Good Investment?

It is difficult to tell. Worldcoin is under the spotlight after the Sora news. Whether it can capitalize on that, and whether investors can remain interested in it, is another matter. It is worth noting that Worldcoin is a long-standing token and it has never quite broken through into being a major crypto. We shall have to see whether the upgrade will change that.

As ever with crypto, you will need to make sure you do your research before deciding whether or not to invest in WLD.

Will Worldcoin go up or down?

No one can tell right now. While the Worldcoin crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Worldcoin?

Before you decide whether or not to invest in WorldCoin, you will have to do your research, not only on WLD but on other, related, coins and tokens such as The Graph (GRT) or Ethereum Name Service (ENS). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Who are the Founders of Worldcoin?

Worldcoin project was started by a company called Tools for Humanity (TFH), founded by Sam Altman, Max Novendstern and Alex Blania in 2019.

Who Owns the Most Worldcoin (WLD) Tokens?

On May 8, 2024, one wallet held 35.00% of WLD’ supply.

Richest WLD Wallet Addresses

As of May 8, 2024, the five wallets with the most WLD tokens were

  • 0x1770bd8186aad27df9b050d65f86cf2cdc92c296. This wallet held 3,500,000,000 WLD, or 35.00% of the supply.
  • 0xaee0360b73b5d01dad134f234d3a93adc1680e57. This wallet held 1,750,000,000 WLD, or 17.50% of the supply.
  • 0xfb7f100ed6793fcd63e6e9f201be9aa567b2c9cc. This wallet held 992,501,494 WLD, or 9.93% of the supply.
  • 0x938ced2d1ee4afb220929f96c2eb754c053c77f7. This wallet held 875,000,000 WLD, or 8.75% of the supply.
  • 0x5b5442c5fceae3b40c230c32a3ffe924bcbe7d93. This wallet held 875,000,000 WLD, or 8.75% of the supply.

Fact Box

Supply and distribution Figures
Maximum supply 10,000,000,000
Circulating supply (as of May 8, 2024) 205,493,514 (2.05% of maximum supply)
Holder distribution Top 10 holders owned 90% of supply, as of May 8, 2024

From the Whitepaper

In its technical documentation, or whitepaper , Worldcoin says it was founded with the mission of creating a globally-inclusive identity and financial network, owned by the majority of humanity. If successful, Worldcoin could considerably increase economic opportunity, scale a reliable solution for distinguishing humans from AI online while preserving privacy, enable global democratic processes, and show a potential path to AI-funded UBI.

Worldcoin consists of a privacy-preserving digital identity network (World ID) built on proof of personhood and, where laws allow, a digital currency (WLD). Every human is eligible for a share of WLD simply for being human. World App currently complements World ID and WLD, the first frontend to World ID and the Worldcoin Protocol, developed by the contributor team at Tools for Humanity  (TFH).

Worldcoin (WLD) Explained

The Worldcoin protocol is intended to be the world’s largest identity and financial public network, open to everyone regardless of their country, background, or economic status. World ID is a privacy-preserving digital identity designed to help solve important, identity-based challenges, including proving an individual’s unique personhood. WLD is a token providing utility and giving users a say over the direction of the Worldcoin protocol. WLD is the first token to be globally and freely distributed to people just for being a unique individual.

How Worldcoin Works

It developed a device called Orb, which scans the iris of individuals to prove their uniqueness and humanness and assigns them a World ID that they can use as a global digital passport.

Worldcoin Attention Tracker

Worldcoin Google search volume
Worldcoin Google search volume. | Credit: Google

Here is a chart for the Worldcoin Google search volume for the past 90 days. This represents how many times the term “Worldcoin WLD” has been Googled over the previous 90 days.

FAQs 

How many Worldcoin are there?

As of May 8, 2024, there were 205.5 million WLD in circulation, out of a total supply of 10 billion.

Will Worldcoin Reach $100?

It might do but all main price predictions don’t see it reach a three-figures value in a decade.

What is Worldcoin used for?

Worldcoin is a digital identification platform that aims to provide each person on earth with a convenient way to verify that they are a real human and not a bot or an AI algorithm.

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

Was this Article helpful? Yes No