Worldcoin Price Rises on May 9 New ChatGPT Rumors and Traders Focus on AI Meme Coin for Gains
Worldcoin ($WLD), the biometric crypto project helmed by OpenAI CEO Sam Altman, has shot up a blistering 37% in the last seven to trade at $6.17 as of this writing.
A rumor that ChatGPT, OpenAI’s main offering, is launching a search engine next week spurred much of Worldcoin’s rally over the last few days.
The main source of the rumor is the fact that a domain called search.ChatGPT.com now exists, although AI influencer and researcher Pete Huang believes it could drop on May 9, ahead of Google’s big conference, according to a social media post.
Search (dot) ChatGPT (dot) com
May 9th.
— Pete (@nonmayorpete) May 2, 2024
According to Worldcoin’s trading chart, the market’s early March rally drove $WLD to set a new all-time high of $11.74 on March 10, although today’s price is just 52.7% of that.
However, Worldcoin holders can take some solace in the fact that their token has found strong psychological support above $4.
With a relative strength index (RSI) of 53 and falling, there appears to be some light profit-taking today, although there’s likely to be strong buying momentum over the next two days.
Worldcoin outperformed the market leader this week.
By contrast, Bitcoin ($BTC) only rose 4% to trade at its current price of $64,140.14 as of Tuesday morning UTC, May 7.
Worldcoin got an ambivalent response on launch last year due to its controversial premise: anyone wanting some $WLD has to visit a biometric eyeball scanner called the ”Orb”—these are found in Berlin, Dubai, London, Mexico City, Miami, New York City, San Francisco, Seoul, and Tokyo— and submit a snapshot of their eyeballs.
This data is then used alongside verification of government-issued ID to confirm a user’s personhood before distributing coins to them.
OpenAI
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