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- Recently, the number of daily users of World App exceeded 1 million.
- Coins have become a hot topic in social circles.
Worldcoin (WLD), a biometrics-based cryptocurrency, has nearly tripled in value over the past week amid hype around Sora, OpenAI’s ambitious text-to-video generation model.
At the time of this writing, WLD was trading at an all-time high (ATH) of $7.48, AMBCrypto discovered using data from CoinMarketCap.
The rally ended a long downtrend, during which WLD plummeted 47% from its previous high of $4.2.
Source: CoinMarketCap
New interest in Worldcoin
The number of daily users of World App, a wallet created for the World Coin project, exceeded 1 million on February 18, setting a new record.
After conducting further research on Santiment data, AMBCrypto also discovered spikes in other on-chain indicators.
Additionally, daily transaction volume increased 10-fold last week, and the new address creation rate also exploded 16-fold.
Source: Santiment
WLD sees positive market sentiment.
Moreover, the coin became a hot topic in social circles. The number of mentions on major social media channels has increased dramatically.
With Weighted Sentiment exceeding negative territory for the first time in a long time, market participants are beginning to be optimistic about WLD.
Source: Santiment
Connected to the creators of disruptive AI projects, WLD has become a token that in some ways represents the broader AI market and emerging trends.
So the frenzy created by Sora soon began to be reflected in the coin’s market value.
This remains an urgent issue.
Worldcoin, co-founded by OpenAI CEO Sam Altman, is a cryptocurrency project aiming to become the world’s largest identity and financial network.
The onboarding process includes an iris scan, which verifies humanity and eliminates bot involvement, according to the creators. In return, users receive free WLD tokens.
How much is 1,10,100 WLD worth today?
However, concerns about data privacy have hindered the project’s growth.
Several countries have launched investigations into the project’s collection of biometric data, with Kenya even suspending the tokens in its jurisdiction.