Worldcoin (WLD) Will Likely Rebound and 5x This Year

Worldcoin price was flat on Friday as traders watched the recently announced Stargate Project in the US and the public jabs between Elon Musk and Sam Altman, its founder.

Worldcoin (WLD) price remained largely muted on Friday as traders continued to keep an eye on the recently announced Stargate Project in the US and the public jabs between Elon Musk and Sam Altman, founder of Worldcoin.

The WLD token, initially rising sharply, encountered a setback in its momentum. Here's why the Worldcoin token is likely to rebound and register a 5x gain this year.

Worldcoin price responds to Elon Musk, Sam Altman jibes

The WLD token price saw a surge this week after Donald Trump unveiled the Stargate AI project. This initiative, which includes companies like OpenAI, Oracle, and Softbank, will channel $500 billion towards AI infrastructure in the US.

However, Elon Musk criticized the deal, highlighting that it did not have $500 billion in committed funds. This prompted a response from OpenAI's Sam Altman, who questioned Musk's love for the country.

These jibes are particularly relevant to Worldcoin, given that it is a project that Altman founded.

Worldcoin to ride the wave of AI investments

The ongoing investments in the artificial intelligence industry could bode well for Worldcoin price.

In addition to the Stargate deal, this week also saw other major AI transactions. Google infused $1 billion into Anthropic, two weeks after the latter raised more funds at a $60 billion valuation. Elon Musk's xAI also raised $6 billion at a $40 billion valuation.

Worldcoin is categorized as an AI crypto due to its features, such as World ID and the World Chain. Altman's vision is for its data to be utilized in training more advanced AI models.

Other AI tokens that could benefit from this theme include Virtuals Protocol and ai16z.

Worldcoin price technicals hint at a bottom

The daily chart indicates that WLD price has lagged behind most tokens in the recent AI hype, with the token's gains at around 100% compared to others in the 200% range. It is still down about 81% from its 2024 highs.

Its recovery attempts have faced a strong resistance at $4.1592.