- The Worldcoin (WLD) price is closing in on $5, having jumped by 5% in the past 24 hours. Despite a 32% drop in the last 30 days, indicators suggest a short-term rally is imminent.
- Worldcoin, founded by OpenAI CEO Sam Altman, is reportedly aiming to secure partnerships with PayPal and OpenAI, which could significantly boost WLD’s price.
- Meanwhile, new meme token Dogeverse (DOGEVERSE) has raised over $13 million in its token offering and is poised for significant demand due to its multi-chain functionality.
As Worldcoin’s price nears $5, we analyze the potential for a short-term rally and the impact of potential partnerships with PayPal and OpenAI. We also take a look at Dogeverse, a new meme token making waves in the market.
Worldcoin’s Potential Rally
Worldcoin’s relative strength index has risen from 25 at the end of April to 60 today, indicating a potential short-term rally. The 30-day average is also rising towards the 200-day average, suggesting a possible upward trend. Despite a relatively low volume of $200 million, the lack of depth could make the coin ripe for a significant swing.
Impact of Potential Partnerships
Reports suggest that Worldcoin is looking to secure partnerships with PayPal and OpenAI, which could have a massive impact on WLD’s price. The cryptocurrency has also seen growing use in Argentina and Mexico, further bolstering its potential for growth. If these developments materialize, Worldcoin’s price could reach $6 by the end of the summer.
Emergence of Dogeverse
While Worldcoin waits for the wider market to pick up, traders seeking shorter-term profits might turn to new meme coins like Dogeverse. Having raised over $13 million in its token offering, Dogeverse stands out with its multi-chain functionality, operating on Ethereum, Polygon, BNB Chain, Solana, Avalanche, and Base. This could attract usage on many more apps and platforms, potentially driving up demand.
Conclusion
As Worldcoin’s price edges closer to $5, the potential for a short-term rally looks promising, especially with the prospect of partnerships with PayPal and OpenAI. Meanwhile, new meme token Dogeverse is making a mark in the market with its multi-chain functionality and successful presale. As always, investors should exercise caution and conduct thorough research before diving into the volatile world of cryptocurrencies.
