Crypto Traders Stock Up on Sam Altman’s Worldcoin Ahead of June 6 Update Rumors – Will This AI Coin Surge Next?
Crypto traders are snapping up Worldcoin ($WLD) amid circulating rumors on X that an update to ChatGPT is expected to be released on June 6.
Everything hints to June 6th https://t.co/BQZaTcvgmc
— Chubby♨️ (@kimmonismus) May 29, 2024
Worldcoin was launched by Sam Altman, CEO of OpenAI, the company responsible for ChatGPT, a chatbot and virtual assistant widely credited as leading today’s AI boom.
The rumors first surfaced in the middle of the week and remain unverified, but they’ve had a notably catalytic effect on WLD’s price, which is up 4.5% in the last 24 hours and 8.1% in the last week to trade at $5.12 as of this writing.
Worldcoin’s performance outpaces market leaders Bitcoin ($BTC) and Ethereum ($ETH), which are both down about 2% from this time last week.
Broadly speaking, Worldcoin’s support has been growing from $4 to $4.50 after the token tumbled from an all-time high of $11.74 on March 10.
The ATH was set in the midst of Bitcoin’s most recent rally, which also saw the world’s favorite cryptocurrency hit a new high watermark of $73,737.94, four days after Worldcoin.
Since then, Altman’s token has yet to sustain a price level above $6. The recent rumor-related buying has temporarily inflated the price, but with an RSI approaching 70, it will be hard to sustain the rally over the short-to-mid-term.
A buy-the-rumors-sell-the-news sentiment could mean further losses incoming after June 6, even if a ChatGPT update does materialize.
To this day, Worldcoin’s premise excites some and unnerves others.
In the first place, to obtain $WLD one has to visit a biometric eyeball scanner called the ”Orb” and submit a snapshot of their eyeballs.
There are orbs in Berlin, Dubai, London, Mexico City, Miami, New York City, San Francisco,
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