Worldcoin cryptocurrency token surges by 42% in 24 hours, almost triples in value in one week
The value of Worldcoin, a cryptocurrency token linked to Sam Altman's digital ID project, has risen by 42% in the past 24 hours after the release of OpenAI's latest AI tool, Sora. This is part of a larger trend that has seen the token's value almost triple this week, with a market capitalization of almost $1 billion, making it the 88th most valuable cryptocurrency. Worldcoin aims to provide a unique digital identity to users through an in-person eye scan, with the resulting data stored on the blockchain. However, concerns have been raised about the potential for the project's generative AI tools to produce convincing deepfakes and false content that could easily spread online, and OpenAI has stated that the safety of the project is being tested before its release. The total cryptocurrency market is currently estimated to be worth $2.09 trillion, with the value of the market growing around 2% in the last 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
