TradingKey - Worldcoin surges today to approach key levels again; poised to hit $2 fueled by Anthropic and OpenAI catalysts.
On June 15, Worldcoin ( WLD) led the cryptocurrency market with a 25% price surge today, approaching the key resistance level of $0.62 once more after more than ten days. On June 4, the price of WLD broke above $0.62, hitting a new high since January this year; however, it subsequently pulled back, weighed down by the broader market. Now that it has rebounded to this level again, can it strengthen further and break through?
WLD price chart, Source: TradingView
Notably, there has been no major positive news specific to Worldcoin itself. Today's rise was primarily driven by the overall recovery of the cryptocurrency market, while the deeper factor is the new ceasefire agreement reached between the U.S. and Iran, which has significantly boosted investor risk appetite.
Regarding the future trajectory of Worldcoin, Maelstrom, the family office fund of BitMEX, is highly optimistic. On June 4, the firm compared its market capitalization to those of two AI companies nearing IPOs—Anthropic and OpenAI—concluding that WLD's market cap is very small with significant upside potential. It set a target price of $5, expected to be reached in August.
A move from $0.6 to $5 would require a further surge of 700%. In a macro environment lacking massive liquidity injections from the Federal Reserve, it is extremely difficult to achieve such gains based solely on news. Furthermore, the total supply of WLD stands at 10 billion tokens. Even if the unlock rate slows in July, potential future inflation remains immense, making it highly susceptible to a severe valuation bubble correction.
Currently, the World network has officially entered Phase 3 of "The Simple Plan." Strategically, it is scaling back in low-density regions to focus on high-density core cities and launching an enterprise revenue model by integrating Deep Face anti-spoofing features with Zoom and DocuSign. This signifies that Worldcoin is transitioning from a "purely speculative meme" to "revenue-generating infrastructure." On this basis, WLD could potentially rise to $2 in the second half of this year, though the prospect of hitting $5 remains unlikely unless the Fed provides substantial liquidity.