OpenAI’s release of their text-to-video AI model, Sora, has caused a surge in AI-based tokens. One of these tokens, Worldcoin (WLD), has skyrocketed to a new all-time high on February 19 and could potentially reach $10 this week.
The WLD token has seen a 176% increase in value this week, thanks in part to the recent news surrounding OpenAI. On Monday, February 19, the token reached a new high of $7.95 on major exchanges. According to CoinGecko, WLD’s value has risen from $3.70 in just three days. If this trend continues, the token could enter a price discovery mode and potentially reach the $10 mark. This surge in WLD’s value is likely a result of Bitcoin leading the overall crypto market higher.
Other AI-related tokens, such as Fetch.AI (FET), Render (RNDR), Livepeer (LPT), Ocean Protocol (OCEAN), and SingularityNET (AGIX), have also seen significant gains this week, rising over 30%. These increases can be attributed to OpenAI’s release of Sora, their new AI system that can generate realistic videos from text input.
Worldcoin, co-founded by OpenAI CEO Sam Altman, has been leading the charge in these gains. The token’s price spike coincided with the announcement that their project’s wallet, World App, had surpassed 1 million daily users this week. The user count has been steadily increasing in recent weeks, indicating a growing community.
Meanwhile, Livepeer saw a surge in value after announcing plans to integrate Sora capabilities for their users over the coming months. This decentralized video infrastructure protocol has stated their intention to implement these changes in the near future.
In addition to these developments, Worldcoin and other AI-based tokens have been on the rise due to the positive sentiment surrounding AI technology. This is evident in the recent tweet from Worldcoin, where they celebrated reaching 1 million daily users on their World App wallet.
In conclusion, the release of OpenAI’s text-to-video AI model, Sora, has had a significant impact on the crypto market, particularly on AI-based tokens like Worldcoin. With potential for further growth and integration of Sora technology, these tokens could continue to see significant gains in the future.
