The reasons for the sudden growth of the Worldcoin cryptocurrency token have become known

The rate of the Worldcoin (WLD) cryptocurrency has shown growth over the past day. It jumped by 5% to $ 3.09, and the digital asset reached a market capitalization of $ 643 million.

The reason for the change in the value of Worldcoin was the news from OpenAI: the developers presented a new addition to their set of artificial intelligence models, which has attracted significant interest in various sectors, including the cryptocurrency market. The model, called OpenAI o1, differs significantly from the company’s previous iterations. It promises enhanced reasoning capabilities and improved performance in complex tasks.

Financially, the impact of this technological leap on the crypto ecosystem was immediate. The total market capitalization of AI-related tokens has increased by 2.1% over the past 24 hours. Worldcoin (WLD) experienced a significant surge, rising by about 16% after the announcement. However, at the time of writing, it has stabilized at 5%, trading at $ 1.48.

This surge is particularly notable as Sam Altman is a co-founder of both Worldcoin and OpenAI. Currently, according to the latest data from CoinMarketCap, only 434 million of the total supply of 10 billion WLD tokens are in circulation.

This tightly controlled supply is increasing with the release of 2 million tokens every day since July 24. Each batch is valued at approximately $ 3 million at current prices. This gradual release mechanism is expected to put pressure on the market from sellers, reflecting the low buoyancy factor of 0.02 noted in CoinGecko’s May 2024 report.

The narrative around Worldcoin ranges from cautious optimism to outright skepticism: «Right now, WLD has the worst tokenomics and is programmed for a slow decline. I think WLD should see more short-term drops and resets to attract buyers to withdraw liquidity, but for a long-term price forecast, WLD to $ 0.1 is programmed,» Marius Capital said on the X platform.

The project was initiated by Sam Altman and Alex Blagna. Their goal is to create a global economy where everyone, regardless of status and country of residence, has equal access to financial resources and opportunities. Worldcoin intends to solve the problem of financial inclusion by offering users a unique combination of blockchain technologies and biometric identification.