Worldcoin Token (WLD) Gains 230%, AI Innovation is the Main Driver

The price of the Worldcoin (WLD) token , which is tied to a digital identity project, has shot up drastically over the past month.

This token experienced a fantastic price increase of 230%, providing significant profits for its holders. This sharp price increase was driven by two main factors: OpenAI 's launch of Sora and NVIDIA's impressive financial report .

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Artificial Intelligence (AI) Drives Worldcoin Token Performance

This surge in WLD prices is closely related to the increasing interest in Artificial Intelligence (AI) narratives . OpenAI, a leading AI research company, has just launched Sora, a powerful tool that can convert text into video. The launch of Sora succeeded in increasing investor confidence in tokens related to AI, including WLD.

Additionally, NVIDIA's fourth-quarter 2023 financial report beat expectations, further strengthening the optimism surrounding AI tokens, including WLD.

Profit Taking by WLD Holders

Data from on-chain intelligence trackers reveals that several significant crypto wallets have taken huge profits as WLD prices rise. Since February 10, when the price increase started to gain momentum, WLD holders have consistently taken profits, taking advantage of the impressive price increase.

Some of the investors who are among the biggest beneficiaries of the WLD price increase are those who have seen returns of between 84% to 236% on their WLD holdings.

Of note, one of the highest gainers acquired WLD in 2023 at an average price of $2, further underscoring the substantial gains made during this period.

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Potential Price Correction

Although the increase in WLD prices is extraordinary, there are indications that a price correction may occur in the near future.

The Network Realized Profit/Loss (NPL) metric, a key indicator for measuring the profit or loss earned by asset holders on a given day, shows that WLD holders have consistently taken profits since February 10.

An increase in profit-taking activity like this often precedes a price correction, thus signaling a potential price decline.

Supply Distribution data from Santiment shows that certain segments of WLD holders have accumulated assets between February 10 and 27.

Wallets holding between 100,000 to 1 million WLD tokens, in particular, have been accumulating assets, a trend typically observed during price increases. However, if this segment of holders begins to unwind their holdings, the price of WLD is likely to decline.

How to Buy WLD on Bittime

After knowing what WLD is and how it works, are you interested in buying and investing in this crypto asset? You can do it at Bittime. WLD tokens are available on Bittime in the  WLD IDR pairing. 

 Below is a guide on how to buy WLD tokens on Bittime. 

1. Register an account at Bittime using an active email. 
2. Complete the identity verification process.  
3. Once the account is verified, open the Bittime application.
4. Select the Market menu or click the graphic icon. 
5. Select IDR pairing to buy WLD with Rupiah.
6. Click 'Buy'.
7. Select the order type to use. Limit orders, market orders and stop orders are available.
8. Enter the nominal rupiah to buy WLD.
9. Click the 'Buy WLD' button. 
10. A notification pop up will appear. Read it carefully and click 'Confirm'. 
11. Enter the six digit Transaction PIN.
12. The application will display a successful order notification. 

For a complete guide on how to buy WLD, click  here .

Apart from buying WLD tokens, you can also buy various crypto assets such as BTC, ETH, SOL, ADA, AVAX, DOGE, and many others. Don't forget, keep monitoring ORDI, BTC, ETH, SOL price chart movements today to find out crypto market trends  on Bittime. 

Crypto asset buying and selling transactions on Bittime are easy, safe and instant. Bittime is officially registered and supervised by Bappebti and Kominfo. 

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DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.