- The price of World Network (previously known as Worldcoin) bounced back by 3% to reach $0.70 on Thursday, following a steep 21% decline over the previous week.
- During this time, headlines were dominated by OpenAI’s new “Ghibli” feature and a massive $40 billion funding agreement with Japanese conglomerate SoftBank.
- The longer upper shadow observed on Thursday’s 24-hour candlestick indicates that WLD is still encountering significant selling pressure.
In the last week, OpenAI, under the leadership of Sam Altman, made impressive announcements, including a $40 billion funding arrangement with SoftBank and the wildly popular launch of its Ghibli-themed image generation tool.
Nevertheless, despite these positive developments, the price of Worldcoin (WLD) fell sharply by 21% to $0.70, stirring concerns among investors.
Worldcoin (WLD) price struggles despite positive sentiment from OpenAI’s Ghibli release and $40B deal
World Network (formerly Worldcoin) has lost over $300 million in valuation within a week, causing it to lose its unicorn status in the process.
World Network (Worldcoin) price performance, April 3
According to recent data, WLD is currently priced at $0.70, reflecting a 3% increase on Thursday.
In a broader context, the market capitalization of WLD now sits at $833 million, a notable 21% decline from its recent peak of $1.2 billion recorded on March 26.
Despite the downturn, OpenAI made two critical announcements recently.
On March 25, the company launched its Ghibli image generation feature, which quickly went viral across various social media channels.
CEO Sam Altman also took to X to reveal the image generation tool’s launch on Tuesday.
OpenAI CEO Sam Altman confirms Ghibli image gen, April 1, 2025
Additionally, OpenAI disclosed a $40 billion funding deal with SoftBank, valuing the organization at $300 billion.
This investment positions SoftBank as the latest major investor following Microsoft’s $13 billion contributions to OpenAI, according to recent reports from regulatory authorities.
Yet, despite these favorable developments, the price of WLD has struggled to maintain any significant upward momentum, indicating that concerns in the market may go beyond its connection to OpenAI.
Why is Worldcoin’s price declining despite positive news from OpenAI?
Since its launch in July 2023, Worldcoin has demonstrated strong price movements in response to OpenAI-related announcements. For instance, following OpenAI’s introduction of the Sora video generation feature in February 2024, WLD’s price surged over 250%, reaching all-time highs exceeding $8 by March 10.
Worldcoin price performance after OpenAI Launched Sora video generation tool in February 2024
This historical pattern led to the expectation that WLD would experience a rally following the latest announcements from OpenAI.
However, market data reveals that wider macroeconomic troubles stemming from tariff policies are overshadowing these positive developments.
The ongoing repercussions of aggressive tariff measures have exerted bearish pressure on U.S. equities, with countries affected, such as China, India, the UK, and the EU, considering potential retaliatory actions.
NVIDIA (NVDA) price drops 7.8% within 24 hours of tariff announcement
Consequently, the prevailing negative sentiment surrounding technology stocks such as NVIDIA and OpenAI has tempered enthusiasm in the crypto-AI sector. Thus, despite the dual announcements from OpenAI, Worldcoin has struggled to achieve any meaningful upward movement.
Worldcoin price prediction: A potential 30% drop if bears drive the price to $0.50
With OpenAI’s promising announcements overshadowed by tariff issues, the price of WLD is likely to continue its decline unless a distinct bullish catalyst surfaces within the cryptocurrency market or broader U.S. stock markets.
Technical analysis of the WLDUSD chart supports this view.
The extended upper shadow seen on Thursday’s 24-hour candlestick indicates ongoing selling pressure that hampers any short-term recovery potential.
Worldcoin price forecast | WLDUSDT
Moreover, the upper band of the Donchian Channel at $0.986 and the middle band at $0.845 signify resistance levels that bulls must overthrow for any substantial upward trend. Currently, the trading position of WLD remains below this median, highlighting that sellers remain in control.
A rise above $0.85 could initiate a short-term recovery; however, failing to surpass this level may lead to renewed selling pressure.
Furthermore, the MACD indicator is in a bearish position, with the signal line at -0.060 and the MACD line showing negligible improvement at -0.001.
The lack of momentum indicates that downward pressure could continue unless strong buying volume materializes.
A drop below $0.70 may amplify losses toward the psychological support level of $0.50, marking a further decline of 30%.