Drew Beamer | Unsplash
It is amazing how closely related cryptocurrencies are to technology. We have seen that following the launch of Sora, the new artificial intelligence from OpenAI that focuses on generating videos from text, had a positive impact on cryptocurrencies like Worldcoin, raising its price by over 40%.
While they shouldn't be related at first glance, there is a direct impact with a clear intention to ensure that Worldcoin, as a cryptographic project linked to Sam Altman, is successful. And nothing better than CEO exposure after the surprising launch of Sora that left more than one person speechless. With this, the company should further increase its prestige and maybe reduce the stains on a questionable reputation.
Worldcoin is a project in which it aims to combat bots through a global verification system using a device called Orb, which scans users' irises and gives them a WorldID that is stored on Worldcoin's blockchain.
As a reward for this voluntary and personal action, users are rewarded with the cryptocurrency $WLD, which at the current price as of writing these lines is $7.62 USD according to data provided by CoinGecko.
WLD Price - CoinGecko
If we look at the previous day, the price was $5.20 US$ with a volume of $474 million while today it is $603 million, showing that the price has increased drastically since then and still has growth potential.
The Live Chart allows us to see this upward trend live, and we can notice there is significant buying pressure for a substantial amount of WLD. In fact, every moment I refresh the page, the price escalates even further, now standing at $7.78 US$, although this takes time to be reflected in the data on CoinGecko's main site.
WLD Live Chart - Gecko Terminal
On February 15th is when the price increase of WLD started, coinciding with the launch of Sora. Apparently, cryptocurrencies that have a relationship with AI are experiencing a very significant boost. In fact, a new category has been created for this type of coins. This sector has increased by 11% in the last day and has also been able to grow by over 40% during the past week, which is truly remarkable.
If we were to mention some projects, we could name SingularityNet, Fetch.ai, and Ocean Protocol, which have managed to position themselves in a good place on the leaderboard thanks to the boost that has exceeded a 50% price increase.
We are talking about the possibility of a great investment opportunity. It is no longer a fallacy to say that technology is the future or that AI could be part of it, as this is happening at a rapid pace and the market will know how to respond.
Everything indicates that this will not stop. In fact, Sam Altman is seeking funding for OpenAI and is engaging in discussions with important investors to raise between 5 and 7 billion dollars in order to increase the manufacturing capacity of what AI chips are on a global scale by 2025.
I would like to emphasize the potential of cryptocurrencies related to AI. It seems to be a sector with great potential going forward and is demonstrating it in a very specific way. Perhaps we don't think about it, but behind every project there is a technology being developed that could imply a radical change in the solutions that its development can provide.
Categories: Artificial Intelligence - CoinGecko
We observe that market capitalization is becoming of great interest, as we are already surpassing the range of 15 billion dollars while daily volume is also very impressive.
It remains to be said that if there is one sector to consider when investing, it is this one, as I consider it to be the technology that will change the world as we know it, and will make it a profound change, though that remains to be seen, clearly.
- Main image edited in Canva.
- I have consulted information in decrypt.co.
- I have used Hive Translator to translate from Spanish to English.