Worldcoin Price Prediction As OpenAI Releases o1

by

As a seasoned crypto investor with a knack for spotting trends and a keen eye for potential, I’ve been closely watching the market’s reactions to the latest developments. The recent surge in Worldcoin (WLD) price following OpenAI’s o1 model release is indeed intriguing.

On September 12, the value of Worldcoin significantly increased towards the end of the day, following the release of o1, a new AI model by OpenAI. Prior to this announcement, Worldcoin’s price had been battling against a strong resistance level due to Bitcoin‘s volatile pricing. The news sparked a surge in demand, propelling the cryptocurrency above its resistance. It remains to be seen if Worldcoin can leverage the current excitement to reach the $2 mark.

Can OpenAI’s o1 Models Pump Worldcoin Price?

On September 12, the company responsible for ChatGPT, OpenAI, unveiled a fresh lineup of AI models that are intended to take more time to ponder their responses before they’re given.

We’re unveiling an early version of OpenAI model o1 – a fresh lineup of AI systems that are intended to take a moment to ponder before responding.

These new models possess the ability to navigate intricate tasks and tackle more challenging problems than their predecessors across various fields such as science, programming, and mathematics.

— OpenAI (@OpenAI) September 12, 2024

The cutting-edge abilities of this latest AI model will aid in tackling intricate challenges across a range of fields such as cognition, quantum physics, programming, and mathematics, to name a few. It’s speculated that ‘Project Strawberry’, which OpenAI has been discreetly developing, is O1. As suggested by the official documentation on “Learning to Reason with LLMs” from OpenAI, the basic structure of these new O1 models outperforms the GPT-4o significantly in terms of advancement.

Worldcoin Price Prediction As OpenAI Releases o1

The price of Worldcoin surged dramatically following the announcement, soaring by approximately 16% within a single 4-hour period before eventually pulling back and stabilizing at roughly 5%. Throughout the London trading session, Worldcoin’s price remained steady around $1.49.

Why is the Worldcoin Price Rising?

It’s possible that the significant rise in WLD prices coinciding with OpenAI’s latest launch might be due to Sam Altman, who is both a co-founder of OpenAI and Worldcoin, promoting or benefiting from Worldcoin in some way. Worldcoin was recently distributed globally, leading to an influx of new users joining the blockchain network.

In the face of criticism about its token structure, limited distribution, and possible price manipulation, the decentralized identity token has persistently been a hot topic within the cryptocurrency world.

Worldcoin Price Prediction: WLD Could Extend Gains By 34%

The value of Worldcoin has consistently stayed below $1.50, a level that’s been hard to surmount so far. Since late August, the price has repeatedly tested the $1.50 mark, and on September 12, it managed to breach this threshold for the first time.

The dramatic rise in WLD’s price has formed a cup-and-handle chart pattern and a bullish reversal setup in the market. This price level met resistance at $1.60, which also aligns with the 200-day exponential moving average. Afterward, the price dipped back to the previous horizontal resistance, now serving as support, for retesting.

A satisfactory second test indicates a continued bullish trend, potentially propelling Worldcoin’s value by 34%, up to approximately $2.00. If buying interest remains strong, Worldcoin’s price might surpass the $2.00 psychological level and aim for the next significant resistance near $3.20.

Worldcoin Price Prediction As OpenAI Releases o1

If Worldcoin’s price doesn’t keep rising above its current support at $1.50, this might indicate a weak market trend, causing the WLD price movement to turn downward. This could lead the asset’s value to decrease further to around $1.35 and potentially even $1.25.

Read More

2024-09-13 12:16