Worldcoin (WLD) saw a significant price surge following the release of OpenAI's new AI model, o1, which is capable of advanced reasoning. On September 12, WLD broke through strong resistance levels, spurred by the hype around this new AI development. With Worldcoin’s price reacting positively, can it capitalize on this momentum to reach $2?
How OpenAI’s o1 Model Could Impact Worldcoin Price
On September 12, OpenAI, the company behind ChatGPT, introduced a new line of AI models called o1, designed to spend more time "thinking" before generating responses. These models are expected to excel in solving complex problems in fields like quantum physics, coding, and advanced mathematics. The o1 model is rumored to be the highly anticipated “Project Strawberry” that OpenAI has been working on.
Worldcoin’s price jumped sharply in response to this news, initially spiking by 16% within just a few hours before retracing and stabilizing with a 5% gain. During London’s trading session, WLD was trading around $1.49.
Why Did Worldcoin’s Price Surge?
The key reason behind this surge in WLD’s price is likely the connection between Sam Altman, co-founder of OpenAI and co-founder of Worldcoin. Worldcoin recently gained attention with a large-scale airdrop, helping onboard new users to the blockchain. Despite some criticisms surrounding its tokenomics, limited supply, and concerns over potential price manipulation, Worldcoin remains a popular topic within the crypto community.
Worldcoin Price Prediction: A 34% Gain Possible?
Worldcoin has been struggling to break above $1.50, a level that has been tested multiple times since late August. On September 12, the price finally surpassed this barrier, completing a cup-and-handle chart pattern—typically a bullish indicator. However, resistance at $1.60, which aligns with the 200-day exponential moving average (EMA), caused the price to retrace slightly.
If WLD successfully retests the $1.50 support, it could confirm a bullish continuation. This momentum could push Worldcoin up by 34%, reaching the $2 mark. Should buying pressure remain strong, WLD could even break through the psychological barrier of $2 and target the next major resistance level around $3.20.
Downside Risk: Could Worldcoin Drop?
On the flip side, if Worldcoin fails to hold above the $1.50 support level, it could signal market weakness. In this case, WLD might face a bearish trend, with its price potentially dropping to $1.35 or $1.25.
Conclusion
The recent launch of OpenAI’s o1 model has positively impacted Worldcoin’s price, with the potential for further gains if key support levels hold. If momentum continues, WLD could break the $2 barrier. However, if support fails, Worldcoin might face a downside correction. Investors should watch the $1.50 level closely for future price action.
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Date: Fri, Sept 13, 2024, 06:15 AM GMT
Worldcoin (WLD), the ambitious project aiming to create the world’s largest privacy-preserving identity and financial network, has seen a notable surge in the market today. The token's price increased by 6.20%, bringing its current value to $1.49 and pushing its market capitalization to $648 million.
However, despite this recent uptick, Worldcoin’s overall performance paints a different picture. The token has struggled to maintain its momentum since reaching an all-time high of $11.97 on March 11, 2024, during the height of the AI and ChatGPT hype. Currently, $WLD is down a staggering 85% from its peak.

Amid this backdrop, concerns over Worldcoin’s tokenomics have been raised by crypto investor @AltbriMarius on the X platform. He expressed serious doubts about the sustainability of Worldcoin’s economic model, stating:

“WLD has the bad tokenomics right now. WLD currently has a daily unlock of 3.4 million tokens ($4.75 million) and a monthly unlock of 102 million tokens ($140 million). Worldcoin investors receive 1.3 million WLD daily and the Worldcoin team receives 1.8 million tokens daily. That’s a high sell pressure of $140 million monthly considering that $WLD ’s circulating market cap is only $600 million. I think short-term pump and dumps should be expected more often on WLD to attract buyers for exit liquidity but for long-term price forecast…”

The investor’s concerns highlight the potential risks associated with Worldcoin’s current token distribution strategy. With such a large volume of tokens being unlocked and distributed daily and monthly, there is significant selling pressure that could hinder long-term price stability.
While the recent price increase may offer some optimism to short-term traders, the sustainability of WLD’s value remains uncertain in the eyes of some investors. As Worldcoin continues to develop and expand its network, how it manages these tokenomics challenges will likely play a crucial role in its future success.

Get more updates at: coinsprobe.com
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice.
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Singapore’s Deputy Prime Minister and chair of the Monetary Authority of Singapore (MAS), Gan Kim Yong, announced an investigation into seven individuals on suspicions of illicit trade in Worldcoin accounts and tokens.
The announcement came on September 9, stating that the individuals are suspected of buying and selling these accounts and tokens, actions that could violate the Payment Services Act of 2019.
Worldcoin Faces Singapore Probe
Yong emphasized that the MAS does not consider Worldcoin a certified payment service according to the provisions of the PS Act. He further explained that trading WLD accounts and tokens could potentially qualify as operating a payment service, which might be unlawful and could facilitate crimes such as money laundering and terrorism financing.
Yong also issued a warning to consumers, advising them to be vigilant about offers that could lead to the unauthorized use of their digital payment token wallets or World IDs, as these could be exploited by others. He strongly cautioned against transferring access to these accounts.
The scrutiny of Worldcoin in Singapore is part of a series of global legal challenges the company faces. In the last year, regulatory bodies in countries such as Kenya, South Korea, and Germany have initiated investigations into the coin’s use of iris biometric data, concerned with possible violations of local data privacy laws.
Striving for Transparency and Expansion Despite Regulatory Hurdles
Despite these challenges, the coin maintains that it complies with both local and international regulations. The company has taken steps to enhance transparency and protect user data by making key elements of its technology open-source.
Worldcoin co-founder Alex Blania has set ambitious goals for the platform, aiming to expand its reach to a level comparable to Facebook, which he believes will enhance its utility. According to the project’s website, the AI cryptocurrency has already amassed over 6 million registered users across more than 160 countries.
The value of WLD price has seen a recent uptick, rising over 4% in the last 24 hours, with its trading price standing at $1.66 at the latest update.
Introducing ‘Personal Custody’ and ‘Unverify World ID’ Option
Before Singapore’s scrutiny, the coin has rolled out new privacy features in response to increased regulatory scrutiny, aiming to enhance user empowerment and network integrity. At the heart of these updates is the introduction of “Personal Custody” and a new “Unverify World ID” option. Utilizing state-of-the-art Zero-Knowledge Proofs (ZKPs), this innovative feature allows for transaction verification without exposing sensitive information such as transaction amounts or participant identities. The integration of ZKPs guarantees secure and private transactions, protecting users’ financial privacy against external observation.
Additionally, World ID holders now have the option to permanently erase their iris code, which deactivates their World ID. This deletion initiates a mandatory six-month “cool-off” period designed to reduce fraud risks. After this period, the user’s iris code is irreversibly removed, enhancing privacy protections further. Worldcoin has also implemented on-site age verification to ensure that only individuals aged 18 and above can access the platform. These robust privacy enhancements not only signify a major development for the cryptocurrency but also reflect its commitment to prioritizing user-centric innovation.
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