Worldcoin (WLD) has witnessed a significant price increase
Worldcoin (WLD) has witnessed a significant price increase, surging 2.53% within the past 24 hours, bringing it to the verge of the crucial $1 mark. This rise elevates its market capitalization to $1.8 billion, following an announcement involving co-founder Sam Altman’s OpenAI. The collaboration, known as “OneGov,” was unveiled by the United States General Services Administration (GSA) and offers all federal institutions access to ChatGPT Enterprise for a symbolic cost of $1.
Public Sector Collaboration Boosts WLD Coin
The “OneGov” initiative, introduced in Washington, aligns with the White House’s Artificial Intelligence Action Plan, marking a significant public-private partnership. This agreement provides ChatGPT Enterprise licenses to each federal institution for just $1 over one year, including 60 days of unrestricted advanced model usage, custom training packages, and community support. This serves as a critical scalability test for AI applications within the government sector.
Acting GSA Administrator Michael Rigas emphasized the strategic importance of artificial intelligence in maintaining the U.S.’s global leadership. OpenAI CEO Sam Altman announced on platform X the provision of ChatGPT access to the entire federal workforce. Following the news, WLD saw a near 3% rise, yet the total trading volume on platforms like Binance, OKX, and Bybit dropped by $31 million, indicating a short-term liquidity contraction.
Technical Indicators Hint at Limited Upside
At the time of reporting, WLD coin was trading at $0.97, maintaining a narrow range just below the Bollinger Band’s midline at $1.02. A clear breakthrough at this level might propel momentum towards the upper band at $1.33. The MACD indicator remains below zero, with the MACD line marginally intercepting the signal line at -0.028, suggesting investor caution prior to directional decisions.
The Bollinger Band’s lower line provides a primary support level at $0.86 in the short term. Observations from the last three sessions indicate higher low formations and a notable $1.6 million increase in WLD coin volume on Coinbase. This growth reflects sustained demand primarily from U.S. sources, and should this interest extend to international exchanges, WLD may solidify its position above the $1 threshold.