Worldcoin Price Prediction: Can WLD Benefit From Founder Sam Altman’s OpenAI Exit?
Can WLD benefit from founder Sam Altman’s OpenAI exit?
- OpenAI founder Sam Altman was ousted by the company after the board “lost confidence” in him.
- While investors requested the board to cancel its decision, a new adventure in Microsoft lies ahead for Altman.
- After the turmoil, how did the Worldcoin (WLD) price react? And how will it perform from now on?
The board of OpenAI, the creator of ChatGPT, has announced the departure of its co-founder and CEO, Sam Altman. This decision follows a review that revealed inconsistencies in Altman’s communication with the board.
“The board no longer has confidence in his ability to continue leading OpenAI,” the company said in a statement.
Let’s examine some of the Worldcoin price predictions being made on November 20, 2023. 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.
| 2023 | 2025 | 2030 | |
|---|---|---|---|
| Prediction #1 | $5.65 | $9.29 | $26.99 |
| Prediction #2 | $4.62 | $6.50 | $22.57 |
| Prediction #3 | $4.80 | $6.50 | $9.00 |
Worldcoin Price Prediction for 2023
DigitalCoinPrice said that Worldcoin could reach $5.65 this year. However, Bitnation said WLD could increase to $4.62 by December and Techopedia said it would go up to $4.80 this year.
Worldcoin Price Prediction for 2025
DigitalCoinPrice’s Worldcoin price forecast had it reach $9.29 in two years. Bitnation said it would trade at $9.75. Techopedia thought WLD would be worth $6.50 in 2025.
Worldcoin Price Prediction for 2030
Looking at a more long-term Wordlcoin price prediction, DigitalCoinPrice said it would be worth $26.99 in 2030. Bitnation thought it would reach $22.57 that year. Techopedia’s WLD price prediction said it would stand at $9.00 at the start of the next decade.
WLD Price History
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.
At that time, there were 117.89 million WLD in circulation out of a total supply of 100 billion. This gave the token a market cap of about $267 million, making it the 115th-largest crypto by that metric.
Worldcoin in 2023
Worldcoin Price Analysis
Since its market release, Worldcoin’s value has undergone fluctuations. It commenced at $2.70 on July 24, experienced a decline to $1 on September 13, and has since initiated a new upward trend, restoring its previous high.
This resurgence is marked by the formation of an ascending channel, with the current price interacting at its resistance level. Notably, this marks the second interaction, following a prior one on November 14, resulting in rejection subsequent to a decline in its ascending support.
The current erratic price action suggests a higher likelihood of another rejection rather than an upward breakout. Nonetheless, both scenarios remain plausible, and today’s interaction will provide more clarity on the prevailing trend.
In the event of a rejection, it could prompt a downward breakout, revisiting the $1.20 – $1 range. Conversely, surpassing the existing resistance at $2.80 may pave the way for a new all-time high, potentially reaching around $4 or even $5.
Google Bard AI Price Prediction for Worldcoin (as of November 20)
Thanks to Artificial Intelligence (AI) models’ capacity to quickly process large amounts of data and compile information from multiple sources, chatbots like ChatGPT and Google Bard can be used to forecast cryptocurrency prices.
When prompted, the latter delivered a Worldcoin price prediction forecasting the token’s short, medium, and long-term prospects.
Short-Term Price Prediction (2023-2024)
Average Price: $2.87
Reasons:
- Overall cryptocurrency market sentiment: The overall cryptocurrency market sentiment will play a significant role in determining the price of WLD. If the market is bullish, WLD is likely to rise in price. Conversely, if the market is bearish, WLD is likely to fall in price.
- Adoption of Worldcoin: The adoption of Worldcoin will also be a key factor in determining its price. If more people and businesses start using Worldcoin, its price is likely to increase.
- Regulation: Regulatory developments could also impact the price of WLD. If governments introduce regulations that are unfavorable to cryptocurrencies, WLD could see a decline in price.
Medium-Term Price Prediction (2024-2025)
Average Price: $5.20
Reasons:
- Maturity of the project: By 2025, Worldcoin will have had more time to mature and develop its ecosystem. This could lead to increased adoption and a higher price for WLD.
- The overall cryptocurrency market is expected to grow in the coming years. This could benefit WLD as investors seek out new and innovative projects.
- Competition: Worldcoin will face increased competition from other cryptocurrencies in the years to come. However, its unique features and focus on financial inclusion could give it a competitive edge.
Long Term Price Prediction (2025-2030)
Average Price: $9.00
Reasons:
- Widespread adoption: By 2030, Worldcoin could have achieved widespread adoption, making it a ubiquitous form of digital currency. This would drive up demand for WLD and consequently its price.
- Integration into financial systems: Worldcoin could become integrated into mainstream financial systems, allowing it to be used for everyday transactions and investments. This would further increase its value.
- Technological advancements: Technological advancements in blockchain technology and decentralized finance (DeFi) could make Worldcoin even more efficient and secure, further enhancing its appeal and boosting its price.
Is Worldcoin a Good Investment?
It is difficult to tell. Worldcoin is under the spotlight after the news regarding Sam Altman. 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.
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
Worldcoin 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.
FAQs
Will Worldcoin Reach $3?
It might do but, if it does, it won’t be for a while. DigitalCoinPrice says WLD can break past $3 in 2024.
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.
Further reading
Bitcoin Price Prediction 2023: What is Bitcoin (BTC)?
Polygon Price Prediction 2023: What is Polygon (MATIC)?
Holo Price Prediction 2023: What is Holo (HOT)?
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.
