Worldcoin's Wild Ride: Treasury Tactics and Price Gains, a New York Minute

Worldcoin's price is surging! Is it the treasury strategy or just plain hype? We break down the latest news and what it means for investors in this AI-meets-crypto world.

Worldcoin's Wild Ride: Treasury Tactics and Price Gains, a New York Minute

Worldcoin's been making headlines, and not just for its eyeball-scanning tech. The buzz is all about its treasury strategy and the resulting price gains. Let's dive into what's causing this crypto commotion.

Eightco's Big Bet: A $270 Million Treasury

The big news? Eightco Holdings Inc. (OCTO), a NASDAQ-listed company, is launching the world's first Worldcoin (WLD) treasury. They're dropping a cool $250 million from a private placement, plus an additional $20 million strategic investment from BitMine (BMNR). This move is being seen as a major vote of confidence in Worldcoin, and the market's reacting accordingly.

Price Gains: Up, Up, and (Potentially) Away?

Worldcoin's price jumped, marking its fifth consecutive day of recovery and hitting an eight-month high of $1.94. That's a 52% gain from the previous day alone! But is this sustainable? The Relative Strength Index (RSI) is flashing 'overbought,' so a pullback wouldn't be shocking. If WLD can hold above $1.88, we might see a run at $2.00. But if it dips below $1.64, watch out for a potential drop to $1.50.

Technical Indicators: Bullish... for Now

The Moving Average Convergence Divergence (MACD) indicator is showing increased bullish momentum, but again, that RSI is screaming 'overbought.' It's a classic case of 'buyer beware.' While the short-term trend is definitely up, keep an eye on those indicators for signs of a reversal.

Dan Ives: AI Visionary or Crypto Optimist?

Eightco's Chairman of the Board of Directors, Dan Ives (also Wedbush Securities’ Global Head of Technology Research), is super bullish on Worldcoin. He sees it as the