Home Altcoins News Microsoft’s Shock Move Sends Worldcoin (WLD) Soaring: Altman’s Appointment Sparks Crypto Frenzy!

Microsoft’s Shock Move Sends Worldcoin (WLD) Soaring: Altman’s Appointment Sparks Crypto Frenzy!

Worldcoin Microsoft

In a stunning development on Monday, Worldcoin (WLD) experienced an unprecedented surge in its price, fueled by the groundbreaking news that Microsoft has enlisted former OpenAI CEO Sam Altman to spearhead a new advanced AI research team. This move comes in the aftermath of negotiations between Altman and OpenAI’s board members reaching an impasse, resulting in Altman’s departure from the organization.

The cryptocurrency market was quick to react as speculation regarding the future of the Worldcoin ecosystem alongside the involvement of the $2.75 trillion tech giant, Microsoft, took center stage. Despite reports of some significant investors engaging in a selling spree, WLD enthusiasts found renewed optimism in the wake of Microsoft’s strategic move.

According to market data provided by Binance-backed Coinmarketcap, WLD witnessed an astounding 76 percent increase in its daily average traded volume, reaching approximately $359 million. This figure surpasses its market capitalization of about $274 million, signaling a potential bullish breakout looming on the horizon. The heightened interest in WLD led to the liquidation of over $3 million in the WLD derivatives market within the past 24 hours.

While the Worldcoin project has faced regulatory headwinds in various jurisdictions, particularly concerning its data storage methods, Microsoft’s direct hiring of Sam Altman is seen as a catalyst for overcoming these challenges and paving the way for mainstream adoption of WLD.

A closer examination of the Worldcoin project following Altman’s move reveals that Satya Nadella, Chairman and Chief Executive of Microsoft, announced the appointments of Altman and Greg Brockman to lead a new advanced AI research team. Altman had previously sought to negotiate his return with the OpenAI board members, but discussions hit an impasse. Altman also hinted at a potential review of his stake in the company following recent dramatic events.

Microsoft’s substantial investment in OpenAI adds an intriguing layer to the future of ChatGPT, raising questions about its trajectory despite the ongoing collaboration with the Azure project.

In the wake of the announcement, notable Worldcoin whales, led by GSR Markets, a seasoned over-the-counter (OTC) venture capital firm, deposited over 1.8 million WLD coins, valued at more than $4.33 million, across various crypto exchanges including Binance, Bybit, Gate.io, and KuCoin. Despite this, the whales retain a significant stake in WLD, adding to the anticipation surrounding the future of the digital identity network.

The Worldcoin project has weathered challenges during the crypto winter, implementing recent upgrades aimed at reducing the overall load on Ethereum’s Optimism by about two-thirds through data batching and compression.

Turning to a price analysis, WLD witnessed an impressive 63 percent gain on Monday, reaching approximately $2.41 amid the broader altcoin recovery. The daily 50 Moving Average (MA) has consistently served as a robust support level since early September. With the daily Relative Strength Index (RSI) pushing towards 70, there is a strong indication that the small-capped altcoin is poised for a breakout amidst heightened speculations in the coming weeks.

As the crypto community eagerly awaits the unfolding of this unexpected and game-changing chapter for Worldcoin, the impact of Microsoft’s strategic move continues to reverberate through the digital currency landscape, setting the stage for new possibilities and heightened excitement in the days ahead.

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Pankaj K

Pankaj is a skilled engineer with a passion for cryptocurrencies and blockchain technology. With over five years of experience in digital marketing, Pankaj is also an avid investor and trader in the crypto sphere. As a devoted fan of the Klever ecosystem, he strongly advocates for its innovative solutions and user-friendly wallet, while continuing to appreciate the Cardano project. Like my work? Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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