Worldcoin (WLD) Reaches $3.68B Market Cap Following 107% Rally
Worldcoin (#WLD) experienced a price surge exceeding 107% this week. Key developments include:
- OpenAI signed a $300 billion computing power contract with Oracle.
- Bitmine confirmed a strategic investment in the first WLD reserve treasury, totaling $250 million from Eightco Holdings Inc., plus an additional $20 million.
- Thomas Lee of Bitmine emphasized Worldcoin's alignment with Ethereum and its potential impact on trust and safety in technology.
At press time, WLD traded above $1.8 with a market cap of $3.68 billion. Investors are optimistic about further gains following the OpenAI deal, aiming for a valuation above $4 billion.
Technical analysis indicates:
- WLD has broken out of a multi-month falling wedge pattern, signaling a potential trend reversal.
- Resistance is noted at $2.50; a breakout could target $4.
- A successful formation could eventually lead to a long-term target near $9.
- Failure to maintain above $1.50 may trigger a retracement toward $1.20.
The recent rally has also spurred interest in new projects like Best Wallet (BEST), which has raised over $15.5 million in its presale, indicating strong investor interest in innovative crypto storage solutions.