After The Removal Of Openai's Ceo, The Price Of This Coin Experienced Fluctuations!
- Posted on November 20, 2023 8:57 PM
- Cryptocurrency Exchanges News
- 204 Views
After Sam Altman's departure from OpenAI, the token of the Worldcoin project, which aims to create identity through eye scanning, known as Worldcoin (WLD), experienced significant price fluctuations.
According to CoinGecko data, WLD reached its highest level on November 16th at $2.48, but after Altman was dismissed by OpenAI in the United States on November 17th, it experienced a decline, reaching as low as $1.84.
WLD rose to $2.54 during Monday morning as Asian markets opened, showing a 12% increase. However, it declined again to $2.30 following the appointment of Emmett Shear, the co-founder of Twitch, as the new CEO of OpenAI in place of Altman.
Altman is one of the co-founders of Worldcoin, which was launched in July. The recovery in the WLD price coincided with the news of a group of OpenAI executives and investors attempting to reinstate Altman as the CEO of the artificial intelligence company, despite Worldcoin being an independent venture.
Worldcoin is recognized as part of the rise in artificial intelligence (AI) technology and aims to create identity worldwide and establish a financial system using retina scanning technology.
The launch of Worldcoin polarized the crypto community by raising questions about centralization, privacy, and security.
According to CoinGecko data, AI-related crypto assets showed strong performance in the last 24 hours, with their total market value increasing by 7.2% to reach $6.5 billion. Tokens like Fetch.ai (FET), SingularityNET (AGIX), and Akash Network (AKT) gained double-digit profits.