Worldcoin Token Sees 20% Surge Following AI-Related Developments

The price of the Worldcoin token (WLD) experienced a significant surge, rising nearly 20% to reach a high of $2.30, following news of a new AI initiative backed by private sector heavyweights.

New AI Initiative Sparks Rally

A report by a prominent news outlet stated that U.S. President Donald Trump is set to announce a new AI infrastructure investment project, reportedly named Stargate, which aims to advance artificial intelligence in the U.S. and globally. The project will see OpenAI, SoftBank, and Oracle collectively invest an initial $100 billion, with the first major milestone being a state-of-the-art data center in Texas.

The news appears to have positively impacted Worldcoin token holders, with the cryptocurrency jumping from lows of $1.90 to an intraday high of $2.30. This rally briefly pushed WLD to the top of the rankings for biggest gainers among the top 200 coins by market cap. However, the token quickly pared some of these gains and was trading around $2.12 at the time of writing.

Worldcoin’s Connection to OpenAI

Worldcoin, a proof-of-humanity project co-founded in 2019 by OpenAI’s Sam Altman, has previously rallied on news tied to OpenAI. The venture capital-backed project, developed with contributions from Tools for Humanity, has been closely watched by investors due to its connection to the prominent AI company.

Tips for investors:

  • Keep an eye on developments related to OpenAI and its partners, as these can impact the price of Worldcoin.
  • Understand the underlying technology and goals of Worldcoin to make informed investment decisions.
  • Diversify your portfolio to minimize risks in the volatile cryptocurrency market.

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