Posted 2/21/2024, 8:17:53 PM
Worldcoin Price Spikes 200% on OpenAI Hype, But Faces Adoption Hurdles
- Worldcoin (WLD) price surged over 200% from Feb. 14-19, reaching an all-time high of $7.97 and crossing a $1B market cap
- The price jump is likely due to hype around OpenAI's new AI product Sora, not Worldcoin developments
- World App passed 1M daily users, showing strong adoption and growth
- Worldcoin faces regulatory issues in some countries and technical challenges with iris scanning
- OpenAI and Microsoft have resources to expand Worldcoin globally, but may wait until use cases develop further