- Elon Musk has sued Sam Altman for alleged deception and manipulation.
- Worldcoin Token to Play a Key Role in the next Bull market cycle
Elon Musk is suing Sam Altman again, accusing him of deceit and manipulation in changing OpenAI from a ‘non-profit’ to a ‘for-profit’ status.
The shift in focus can be controversial, but transparency is important, particularly for cryptocurrency where fraud occurs frequently.
This is how the suit could affect Sam Altman’s founded Worldcoin [WLD] token’s price.
WLD wallet activity is stagnating according to different metrics
A combination of price, transaction volume, active addresses in the last 30 days, weighted sentiment, network growth, and total supply shows that despite Elon Musk suing Sam Altman for alleged deceit in OpenAI’s shift to ‘for profit’ status, WLD wallet activities remain stagnant.
The stagnation could be the quiet before a possible surge towards a higher ATH. After the cryptocurrency crash, tokens could be a riser once the market is recovered.
After bouncing from the 30% mark, Relative Strength Index indicates oversold condition. The volume bars are decreasing, which indicates that the selling pressure has waned. This is an excellent time to purchase.
Investors may want to buy the WLD token at this time, as the daily candle indicates a strong bullish trend.
Staying informed about the lawsuit Elon Musk filed against Sam Altman can be helpful in determining the right entry point to a rally.
Chart of the WLD token showing the support for $1.5
The coin is a good option for spot trading, since it has made a significant adjustment from its previous high. However, the coin remains in’support zone’ despite recent market news and the decline of the markets.
Worldcoin is still facing difficulties as it continues to move down towards the $1.50 level of support, and bearish trending.
You can read more about it here Worldcoin’s [WLD] Price Prediction 2024-25
Investors and traders are encouraged to continue their growth by the breaking of 1D’s inclined resistance.
Worldcoin is expected to be a major player in this reversal. next Bull market cycle. It has historically shown the potential to gain 10x.
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Source: ambcrypto.com