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
