Worldcoin: Will WLD Be Able to Continue Its Rally Soon and Reach $10

Worldcoin: Will WLD Be Able to Continue Its Rally Soon and Reach $10

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  • Due to the hype surrounding OpenAI’s Sora product, ⁤WLD⁢ saw a 90% price increase in a week.
  • The⁢ network growth and speed of the WLD token have decreased.

Worldcoin, [WLD]the cryptocurrency project founded by ⁤OpenAI‍ CEO Sam Altman,⁤ saw its price ⁤rise by‌ an impressive 90 percent in the last week. This remarkable increase, which is due to several factors, raises concerns about its sustainability. Artificial intelligence (AI) is‍ the ⁣main driver of the increase, especially when ⁤it comes to OpenAI’s latest video product Sora. The popularity of Sora has increased investor interest in Worldcoin and contributed significantly ‌to its rise. It is unclear whether the rally will⁢ continue.⁢ By analyzing WLD’s recent price movements, we can gain insights⁤ into the future development of the​ token. WLD has recorded several higher highs in the last week. ⁣This indicates an upward movement. WLD’s Relative Strength Index was 63.77. This indicates that ​the token has entered a positive momentum ⁤phase. This metric⁤ indicates ‌potential overbought situations that require careful monitoring. The Chaikin Fund ⁢Flow (CMF) was examined at 0.10 and ‌revealed that money had flowed into WLD. This is a positive sign that indicates strong buying pressure supporting the price rise. On ⁣the other hand, network growth is declining, indicating less interest from new ⁣addresses. WLD speed also decreased, indicating a decrease ⁢in the frequency of WLD ​transactions. These metrics ‌suggest⁣ that enthusiasm and engagement for the token may be waning. For WLD, ‌the MVRV (market value to actual value) ratio also decreased. This indicates that some⁣ holders may be selling their holdings. It could be that some investors are taking advantage ⁢of the recent price increase and selling their holdings. Source: Santiment.

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Despite these indicators, Worldcoin has gained popularity. The World App is now the most downloaded app worldwide.⁤ This‍ indicates greater interest in the ⁢Worldcoin ecosystem than just speculative trading.

Source Social volume has increased, indicating an⁣ increase in conversations and mentions across various platforms.


Furthermore, the sentiment around the token is positive and reflects an optimistic attitude within the community.


Santiment

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