Worldcoin Price Could 5X After Elon Musk’s Failed Jab at Stargate Initiative
Highlights
- Worldcoin price rose slightly after the US unveiled the Stargate AI investment.
- The $500 billion deal led to multiple jibes by Elon Musk and Sam Altman.
- Technicals suggest that the WLD price may surge to its 2024 highs.
Worldcoin price was flat on Friday as traders watched the recently announced Stargate Project in the US and the public jabs between Elon Musk and Sam Altman, its founder. WLD, which Altman started, initially rose and then cooled. Let’s explore why the Worldcoin token will likely rebound and 5x this year.
Worldcoin Price Reacts To Elon Musk and Sam Altman Jibes
The WLD token jumped this week after Donald Trump unveiled the Stargate AI project. This deal, which involves firms like OpenAI, Oracle, and Softbank, will invest $500 billion in US AI infrastructure.
Elon Musk criticized the deal, noting that it did not have $500 billion in committed fund. OpenAI’s Sam Altman responded and questioned Musk’s patriotism. These jabs are notable for Worldcoin because it is a project that Altman started.
WLD To Benefit From AI Investments
Worldcoin price may benefit from the ongoing investments in the artificial intelligence industry. In addition to the Stargate, there were other large AI deals this week. Google invested $1 billion in Anthropic, two weeks after it raised more cash at a $60 billion valuation. Elon Musk’s xAI also raised $6 billion at a $40 billion valuation.
Worldcoin is seen as an AI crypto because of its features like World ID and the World Chain. Altman hopes that its data will be used in training more advanced AI models. Other AI tokens that may benefit from this theme are Virtuals Protocol and ai16z.
Worldcoin Price Analysis Points To A Bottom
The daily chart shows that the WLD price has lagged behind most coins in the past few months despite the AI hype. It remains about 81% below its highest level in 2024. Its attempts to recover found a substantial resistance at $4.1592.
On the positive side, Worldcoin price has formed a triple-bottom chart pattern whose neckline is at $4.1592. This pattern is made up of three lower swings where an asset struggles to move below.
The value of WLD is attempting to cross the 50-day moving average, while the MACD indicator has formed a bullish divergence pattern.
WLD Price Targets
Therefore, a clear break above the triple-bottom’s neckline at $4.15 will validate the thesis and lead to more gains. The next level to watch will be the resistance at $6.55, where it failed to rise above in May last year.
Worldcoin price will then jump to last year’s high of $12, which is about 5x from the current level. This is in line with many other altcoins like XRP and Solana have risen and retested their 2024 highs. A drop below the key support at $1.30 will invalidate the bullish view.
Frequently Asked Questions (FAQs)
1. Why did Worldcoin price rise after the Stargate investment?
2. Will Stargate invest in Worldcoin?
3. How high can WLD price jump?
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