Worldcoin Price Soars After OpenAI’s New AI Model Release: Can It Reach $2?

Worldcoin Price Soars After OpenAI’s New AI Model Release: Can It Reach $2?

Worldcoin’s price saw a significant surge late on September 12, driven by the announcement of OpenAI’s latest AI model, o1. After struggling to break through strong resistance levels, compounded by Bitcoin’s price volatility, this news provided the catalyst for Worldcoin to rise above those barriers. Now, investors are wondering if the cryptocurrency can capitalize on this momentum and push its price to $2.

Can OpenAI’s o1 Models Fuel Worldcoin’s Rally?

On September 12, OpenAI, the company behind ChatGPT, unveiled its o1 model—part of a new series of AI systems designed to dedicate more processing power to “thinking” before delivering responses. These advanced capabilities are expected to tackle highly complex problems in areas like quantum physics, coding, math, and cognition.

The o1 model, rumored to be codenamed “Project Strawberry,” is reportedly several times more powerful than GPT-4o, according to OpenAI’s official documentation on “Learning to Reason with LLMs.”

Worldcoin’s price reacted swiftly to this announcement, initially spiking 16% within just one 4-hour window, before retracing and settling at a 5% gain. During London’s trading session, the WLD token was hovering around $1.49.

Why is Worldcoin Rising?

The spike in Worldcoin’s price can be partly attributed to the involvement of Sam Altman, co-founder of both OpenAI and Worldcoin. Recently, Worldcoin was airdropped to users around the globe, greatly expanding its user base and onboarding people into its decentralized ID system.

Despite facing criticism for its tokenomics, tightly controlled supply, and concerns over potential price manipulation, Worldcoin remains a focal point in the crypto space.

Worldcoin Price Prediction: Could WLD Surge 34%?

Worldcoin had been trading below $1.50—a key resistance level tested several times since late August. However, on September 12, the price finally broke through this barrier. The recent surge completed a cup-and-handle pattern, indicating a bullish reversal. The price encountered resistance at $1.60, coinciding with the 200-day exponential moving average, before pulling back to retest the previous resistance-turned-support level at $1.50.

If this retest is successful, it could confirm the continuation of the bullish trend, potentially pushing WLD by 34% to the $2.00 mark. If buying pressure continues, Worldcoin might even break the psychological $2.00 barrier, with the next major resistance level sitting around $3.20.

On the flip side, if Worldcoin fails to maintain its current support around $1.50, it could indicate market weakness, sending the price lower toward $1.35 or even $1.25.