The value of Worldcoin (WLD) saw a significant increase of over 42% following key strategic developments within OpenAI.

Price Surge and Market Cap

Worldcoin experienced a sharp downturn in early March, along with a broader AI crypto crash. However, recent developments have led to a remarkable recovery and impressive growth. The surge in pricing pushed WLD to surpass the $10 mark, currently priced at $10.40 with a market capitalization exceeding $1.54 billion.

The 24-hour trading volume for WLD exceeded $1.78 billion, marking a substantial 295% increase. Over longer periods, the coin saw a 342% rise in the last 30 days and a 35% increase in the past week.

Factors Behind the Surge

Analysts attribute the price surge to various factors, including the reinstatement of Sam Altman to the OpenAI board, alongside the addition of three new board members. The anticipation surrounding the Nvidia 2024 GTC Conference and the potential launch of GPT 5, OpenAI’s latest AI model, have also contributed to Worldcoin’s momentum.

Legal Challenges and Response

Despite recent legal challenges in Spain regarding data collection practices, Worldcoin continues to thrive. The Spanish data protection authority ordered Worldcoin to halt the collection of personal data through eye scans, emphasizing the importance of compliance within the EU.

For more updates on Worldcoin and the latest developments in the cryptocurrency space, stay tuned to Global Crypto News.

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