Will Worldcoin Price Explode 400% If Microsoft Buys OpenAI?

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As a seasoned researcher with over two decades of experience in the tech and finance industries, I have witnessed numerous acquisitions reshape entire markets. The potential Microsoft-OpenAI acquisition is intriguing, particularly in relation to Worldcoin (WLD).

1) At a pivotal point in its timeline, Worldcoin’s price is showing signs of a strong upward trend on its graph. On the other hand, experts speculate that Microsoft might purchase OpenAI within the next three years because of financial difficulties, leading some investors to wonder if this deal would lead to an astronomical increase in Worldcoin’s value (WLD).

Would MicroSoft Acquiring OpenAI Pump Worldcoin Price?

According to reports from Forbes, analyst firm CCS Insights anticipates that within three years, Microsoft might purchase OpenAI and Anthropic. This prediction is based on OpenAI’s current financial struggles and Microsoft’s existing reliance on OpenAI’s technology. Furthermore, CCS Insights also forecasts a potential decrease in Artificial Intelligence (AI) investments, which could make it difficult for AI startups to obtain funding necessary for innovative projects.

Following the successful $6.6 billion fundraising round in which companies like Nvidia and SoftBank participated, OpenAI has now reached a staggering valuation of $157 billion. However, despite this recent financial success, industry analysts at CCS Insights suggest that OpenAI may contemplate selling to Microsoft by 2027, due to strategic reasons and financial pressures.

WLD price has increased by 1.7% in the last 24 hours and is trading at $1.97. 

Microsoft towers over OpenAI in terms of size, with a value approximately 19 times greater. At present, OpenAI’s worth stands at an impressive $157 billion, while Worldcoin’s market capitalization is a billion dollars. Notably, advancements made by OpenAI have previously led to significant increases in the value of Worldcoin. However, following a lawsuit filed by Elon Musk against OpenAI between February 25 and March 7, the price of Worldcoin dropped by 40%.

After the debut of OpenAI’s Sora, the price of Worldcoin (WLD) skyrocketed by 170% within a week, demonstrating a strong connection between the two entities. More recently, when OpenAI launched o1, the WLD price jumped by 16% in just four hours.

Should Microsoft decide to purchase this company, the estimated price of Worldcoin could skyrocket by approximately 20 times its current value, reaching approximately $37.62 per share. This would result in a total market capitalization of around $19.227 billion.

Can WLD Price Reach $37?

Since April 2024, Worldcoin’s price has been following a distinct downward pattern within a channel. But lately, it seems to have shattered free from this pessimistic channel, which could indicate a possible shift towards an uptrend.

As a researcher, I’ve identified a significant potential resistance level in my analysis. This level hovers around $10, a figure that represents the estimated upper limit based on the extension of our observed channel breakout. To put it simply, this projected target is roughly 400% above the breakout point.

Key Support and Resistance Levels

  • $1.2 — $1.3: This is the gray-highlighted support zone where the price consolidated before the breakout. This area will act as a key support in case of a pullback.
  • $2.5 — $3.0: This is the immediate resistance level. Long-term resistance lies at $10.0, where the breakout target is projected.

In simpler terms, the Relative Strength Index (RSI) currently stands at approximately 42.48. This suggests that the market is neither extremely overbought nor oversold, but leans more towards a potentially bullish phase. If the RSI surpasses 50, it will confirm a strong upward trend. Additionally, the RSI has been steadily climbing from an oversold state, suggesting a possible upcoming increase in prices.

Will Worldcoin Price Explode 400% If Microsoft Buys OpenAI?

If the price closes firmly above $2.50, it suggests a more robust long-term upward trend. Investors with a long-term perspective might consider buying more shares in this price range.

Should the value of Worldcoin return to its downward trend and re-enter the declining channel, there’s a possibility that it could reach as low as $1.20. If selling pressure persists and the price falls below $1.2, this would suggest market vulnerability, contradicting the current optimistic outlook.

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2024-10-08 15:40