Worldcoin Price Surges to $1 Following OpenAI’s Federal Partnership
Worldcoin price increased by 3% to near $1, reaching a market cap of $1.7 billion on August 6. This rise followed the announcement of a partnership between the US General Services Administration (GSA) and OpenAI, co-founded by Sam Altman.
- The "OneGov" initiative allows federal agencies access to ChatGPT Enterprise for $1 per year.
- GSA confirmed the partnership aligns with the White House's AI Action Plan.
- The program includes tailored training and educational tools for employees.
- OpenAI CEO Sam Altman confirmed the deal via a post on X.
Despite the positive announcement, Worldcoin's trading volume dropped sharply across major exchanges, indicating potential liquidity issues:
- Binance: $22.3 million decrease
- OKX: $4.4 million decrease
- Bybit: $4.3 million decrease
- Coinbase: $1.6 million increase
At the time of writing, Worldcoin was trading at $0.96, struggling to surpass the $1 mark. The daily chart shows consolidation near the Bollinger Band midline at $1.02, posing significant resistance.
Current MACD levels indicate weakening bearish momentum, but no bullish crossover is confirmed yet. The lower Bollinger Band sits at $0.86, providing support. A drop below this level could lead to the $0.80 zone, though recent price action has shown higher lows, indicating active demand.
Meanwhile, Solaxy, Solana’s first Layer-2 protocol, is experiencing strong presale momentum, having raised over $14 million with promises of 70% staking rewards.
As Solaxy prepares for exchange listings, it offers early entrants reduced transaction fees and high APY staking rewards.