- Worldcoin (WLD) just stopped short of $8 last Tuesday, but one analyst thinks that number is not yet the all-time high (ATH) of the token for 2024.
- A new ATH between $15 and $26 is projected if the token sustains its rally.
Worldcoin is Not Yet on Its ATH
As they say, “It ain’t over till the fat lady sings.” Worldcoin (WLD), despite its impressive rally on Tuesday near $8 still has a lot left in its tank according to popular crypto trader Ali Martinez who is best known for his handle @ali_charts on X.
In his post, he discussed how the trajectory of Worldcoin just breached the ascending parallel channel on the daily chart. This gears WLD up for a potential climb to $15 or even $26 if it continues to breach resistance.
Of course, some naysayers dismissed the forecast of Martinez as FOMO, but he defended his position saying, “It’s what the charts say.”
This figure somehow complements our earlier report that WLD may rise to $14.38 upon review of the movement of altcoins on the way to Bitcoin (BTC) halving cycles.
The soaring price of Worldcoin was attributed to its rising number of users, which went from just 100,000 in November last year to the 1 million threshold for daily active users last week.
However, holders must remain vigilant of a potential “sell the news” event between February 19th and 26th as Worldcoin is set to unlock $165 million worth of WLD in its ecosystem. The massive selling pressure that may ensue if FUD takes over could flush prices.
Nevertheless, optimism runs high that even the worst-case scenario at this point could only tank the price at around $4.61. That’s still higher than the previous ATH of WLD in December 2023 at the $4.26 mark and nearly $2 up from its price in the past seven days.
Sora AI as Catalyst
The climb in WLD prices coincides with the public’s renewed interest in generative artificial intelligence (AI) projects following the unveiling of OpenAI’s Sora text-to-video generator. The new platform is capable of creating one-minute videos using prompts made from natural language.
What’s so interesting about Sora is its highly detailed output that can make different characters with varying emotions within a dynamic background and complex camera motions.
The common denominator between Worldcoin and Sora that’s driving the hype is OpenAI’s CEO, Sam Altman, who happens to be the co-developer of the token.
Worldcoin was a collaborative effort of San Francisco- and Berlin-based tech company called “Tools for Humanity.” It was founded in 2019 by the OpenAI boss together with Mana CEO Max Novendstern, and present Worldcoin CEO Alex Blania. The organization was backed by the private American venture capital firm Andreessen Horowitz.