The Worldcoin price is at a crucial juncture in its history, as a significant bullish breakout has been spotted on its chart. Meanwhile, analysts predict that Microsoft could buy OpenAI within three years due to funding challenges. Would such an acquisition cause the WLD price to skyrocket?
Would MicroSoft Acquiring OpenAI Pump Worldcoin Price?
Forbes reports that analyst firm CCS Insights has predicted that within three years, Microsoft will acquire OpenAI and Anthropic due to the latter’s funding challenges and the former’s reliance on OpenAI’s technology. CCS Insights further projects a downturn in Artificial Intelligence (AI) investments, which could affect the ability of AI startups to secure funding for innovation.
This critical prediction comes after OpenAI raised $6.6 billion in its latest funding round, with giants such as Nvidia and SoftBank as key investors. This brings OpenAI’s valuation to $157 billion. Despite the success of its current funding, CCS Insights argues that OpenAI might consider selling to Microsoft by 2027 due to strategic reasons and financial pressures.
WLD price has increased by 1.7% in the last 24 hours and is trading at $1.97.
Microsoft is larger than OpenAI 19 times over. While OpenAI has a current valuation of $157 billion, the Worldcoin market cap is $1 billion. In the past, the WLD price has skyrocketed due to OpenAI advancements. Between February 25 and March 7, the Worldcoin price dipped 40% after Elon Musk sued OpenAI.
Further, following the release of OpenAI’s Sora, the WLD price soared 170% in just one week. These events show how Worldcoin is closely tied to OpenAI. Most recently, after OpenAI released o1, WLD price surged 16% in 4 hours.
If Microsoft were to acquire this company, the Worldcoin price would soar at least 20X from its current price, setting it around $37.62, with a market cap of $19.227 billion.
Can WLD Price Reach $37?
Worldcoin price has been moving in a clear descending channel since April 2024. However, the price has recently broken out of this bearish channel, signaling a potential trend reversal to the upside.
The main resistance level to watch is around $10, which is the projected target based on the height of the channel breakout (approximately 400% from the breakout point).
Key Support and Resistance Levels
- $1.2 — $1.3: This is the gray-highlighted support zone where the price consolidated before the breakout. This area will act as a key support in case of a pullback.
- $2.5 — $3.0: This is the immediate resistance level. Long-term resistance lies at $10.0, where the breakout target is projected.
The relative strength index (RSI) is around 42.48, indicating that the market is neither overbought nor oversold but leaning towards the neutral-to-bullish zone. A further move above 50 would confirm bullish momentum. The RSI has been gradually rising from oversold territory, supporting the possibility of an upcoming uptrend.
A confirmed close above $2.50 will signal a stronger long-term move. Long-term buyers can add positions around this area.
However, if the Worldcoin price drops back into the falling channel, it could drop as low as $1.20. If selling pressure continues and the price breaks below $1.2, it would signal market weakness, invalidating the current bullish thesis.
Frequently Asked Questions (FAQs)
Yes, analysts predict that Microsoft’s acquisition of OpenAI could cause a significant surge in Worldcoin price.
Worldcoin price often reacts to OpenAI developments, with major price spikes following OpenAI’s releases and news.
Yes, WLD price could surge to $37 if Microsoft acquires OpenAI. With WLD currently trading at around $1.97, a 20x increase is projected by some analysts, which would place the WLD price near $37.62 and give it a market cap of approximately $19.2 billion.
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Evans Karanja
Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/will-worldcoin-price-explode-400-if-microsoft-buys-openai/
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