Here's Why Worldcoin (WLD) Pumped 40% in a Day: Will This New Altcoin Surge Next?
Worldcoin’s native token, WLD, has been on a remarkable run, surging over 40% today and breaking through the $10 level, setting a new all-time high. The Worldcoin (WLD) is on a tear, with the coin’s price shooting up over 40% in the past day. But what's fueling this dramatic rise, and are there other altcoins poised to follow suit?
Worldcoin's Pump: Key Factors
Worldcoin’s price surged over 40% in a day after the team extended the lock-up period for investors and team members. Initially, the tokens were to be unlocked in droves of 3.3 million WLD daily, but the extension has reduced this number by roughly 40%. From July 24, approximately 2 million WLD are now unlocked daily. This decreased supply has likely contributed to the price increase by creating scarcity. This comes after the development team announced they’re locking.
Furthermore, Artificial intelligence (AI) tokens saw significant gains today following OpenAI’s release of Sora, a new text-to-video AI model. Worldcoin’s controversial token, in part due to its iris scanning technology, is often associated with AI advancements and may be benefitting from this overall market sentiment.
Worldcoin’s token surpassed a market cap of $1 billion as the price has hit historic highs while rising by 300% during the last month. On Thursday, WLD rose about 40%.
Can Worldcoin Reach $5? Or More?
Speculation is now growing about whether it can reach $5. The current market Worldcoin isn’t the only splash the White House has made in cryptocurrency this week. Dogecoin’s price erupted 15% within minutes Tuesday after the... [rest of article would speculate if more surge potential exists and what altcoins may be next]