- At the time of writing, WLD is trading at $2.43, up 1.63% in the last 24 hours.
- If the price manages to go past $2.52 level, then it will likely test $2.59 resistance level.
Earlier, OpenAI shocked the world by announcing the dismissal of CEO Sam Altman. The board lost faith in Altman’s direction and cited difficulties in carrying out its duties as the reason.
The ramifications were quick and evident on the Worldcoin project which has been co-founded by Sam Altman. Earlier, as the eye-scanning crypto project grew entangled with the issues surrounding OpenAI’s leadership, the value of Worldcoin (WLD) dropped by double digits.
Worldcoin, a protocol for universal digital IDs being created by Tools for Humanity, a firm Altman co-founded, first saw its token drop on the news. But as news spread that Altman had been recruited by Microsoft, the momentum turned upside down. Microsoft has put a lot of money into OpenAI and they are in a very tight technological cooperation.
Moreover, the majority of OpenAI’s employees apparently signed a letter threatening to collaborate with Altman’s new AI endeavor at Microsoft. The proposal derives from the staff’s dissatisfaction with the OpenAI board after Altman’s dramatic dismissal.
High Volatility Anticipated
Although OpenAI and Worldcoin are two separate businesses, they have many similarities beyond their shared relationship to Altman. Amid this chaos, the price of WLD witnessed strong volatility. At the time of writing, WLD is trading at $2.43, up 1.63% in the last 24 hours as per data from CoinMarketCap.
Post the significant down fall, the WLD price found support at $1.84. The price has witnessed a strong uptick ever since. If the price manages to go past $2.52 level, then it will likely test $2.59 resistance level. However, if the price goes below $2.04 level, then it will likely test $1.72 support level.
Investors and traders will be keenly observing any major updates regarding Altman as it will have a significant effect on the price of WLD token.
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