With the launch of OpenAI’s Sora AI model, WorldCoin price reached an all-time high.
Worldcoin has rebounded strongly over the past week, doubling its price to its current value of $5.36, according to The Block’s pricing page. Its current market capitalization is approximately $700 million.
World Coin price has reached an all-time high. Image: The Block’s pricing page.
Worldcoin is backed by Tools of Humanity, a company where Sam Altman is co-founder and chairman. Altman is also the CEO of OpenAI, which launched Sora, an AI model that allows users to convert text into video, on February 16.
The token has reacted to OpenAI-related news in the past. In November 2023, Altman was temporarily ousted from the artificial intelligence company, causing the token price to drop.
Other AI tokens have also received a boost over the past few days. CoinGecko’s list of AI tokens has grown by 25% overall over the past week, with a variety of tokens seeing triple-digit growth.
The broader market also rose slowly over the past week, with the GMCI 30 index rising from 104 to 112.
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About the author
Tim is the editor-in-chief of The Block. Before joining The Block, Tim worked as a news editor at Decrypt. He holds a BA in Philosophy from York University and studied News Journalism at Press Association Training. X Follow him at @Timccopeland