{"id":355831,"date":"2023-11-05T19:15:31","date_gmt":"2023-11-05T13:45:31","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=355831"},"modified":"2023-11-28T17:09:01","modified_gmt":"2023-11-28T11:39:01","slug":"chatgpt-worldcoin-price-prediction-33","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/chatgpt-worldcoin-price-prediction-33\/","title":{"rendered":"ChatGPT says that Worldcoin is on an unstoppable upward trajectory"},"content":{"rendered":"<p><i>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/i><\/p>\n<p>Worldcoin [WLD] recently took a hit amid a bull run. It was trading at $1.8263.<\/p>\n<p>Overall, its value has fallen by almost 50% since its launch in July. Nonetheless, Worldcoin has <a href=\"http:\/\/ambcrypto.com\/why-worldcoin-remains-popular-despite-the-price-slump\/\" target=\"_blank\" rel=\"noopener\">continued to grow<\/a> its user base. It said it currently had more than one million monthly active users, four million downloads, and 22 million transactions.<\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are <\/span><span style=\"font-weight: 400;\">1,10,100 WLDs worth today<\/span><span style=\"font-weight: 400;\">?<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">The project has received complaints about data privacy from regulators in various countries across the world. <\/span>The UK, France, Germany, Kenya, and Argentina are taking action against the blockchain project.<\/p>\n<p><span style=\"font-weight: 400;\">For this article, I employed the services of ChatGPT, the popular AI-language model, to gain insight into Worldcoin\u2019s potential, ethical concerns, and relevance of the project to the crypto-space. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, before I dive deeper into what ChatGPT thinks, let me quickly give a rundown of what Worldcoin entails.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although Worldcoin was recently <\/span><span style=\"font-weight: 400;\">launched<\/span><span style=\"font-weight: 400;\">, the project was in development for three years. But what exactly is so important that it took three solid years to go public?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Well, you\u2019d hardly find a project in crypto with an eye for preserving digital identity while solving identity-based challenges. But that is what Worldcoin has come to add to the ever-growing crypto-industry.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, Worldcoin uses an eye-scanning technology called the \u201cOrb\u201d to differentiate between a human and a bot. With its WLD token, users can make payments, transfers, and purchases.\u00a0<\/span><\/p>\n<h4><b>Does ChatGPT support its sister project?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Interestingly, Worldcoin was spearheaded by Sam Altman, the founder of ChatGPT. Now, you might think that asking ChatGPT about Worldcoin would mean having a preferential outcome, right?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whether this happens or not, we&#8217;ll find out later in the article. Let&#8217;s get right into it. As I did in my previous ChatGPT conversations, I used the jailbreak model to ask the AI what it thought of Worldcoin. And here was its response &#8211;<\/span><\/p>\n<figure id=\"attachment_331006\" aria-describedby=\"caption-attachment-331006\" style=\"width: 741px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-28-at-11.09.41.png\"><img decoding=\"async\" class=\"size-full wp-image-331006\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-28-at-11.09.41.png\" alt=\"Worldcoin and ChatGPT\" width=\"741\" height=\"603\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-28-at-11.09.41.png 741w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-28-at-11.09.41-300x244.png 300w\" sizes=\"(max-width: 741px) 100vw, 741px\" \/><\/a><figcaption id=\"caption-attachment-331006\" class=\"wp-caption-text\">Source: ChatGPT<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">As expected, its classic response seemed indifferent about the project and a little backdated. However, its jailbroken response (as shown above) showed that ChatGPT seemed to \u201ctrust\u201d the potential of Worldcoin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, you might need to be wary of its \u201chyperactive\u201d response. Personally, I believe it has some sort of bias towards the project since, you know\u2014 Altman\u2019s influence. Even so, do not consider my personal opinion as facts.<\/span><\/p>\n<h4><b>Ethical considerations get played down<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">My next line of action was to ask ChatGPT about the lingering concerns people have about Worldcoin. According to <\/span><a href=\"https:\/\/www.forbes.com\/advisor\/au\/investing\/cryptocurrency\/what-is-worldcoin\/#:~:text=Criticisms%20of%20Worldcoin,-The%20project%20has&amp;text=An%20April%202022%20MIT%20Technology,to%20obtain%20meaningful%20informed%20consent.%E2%80%9D\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Forbes<\/span><\/a><span style=\"font-weight: 400;\">, for instance, a 2022 MIT technology review claimed that Worldcoin was using deceptive means to collect private information.\u00a0 The review had mentioned,<\/span><\/p>\n<blockquote><p>&#8220;We want to make it very clear that Worldcoin is not a data company and our business model does not involve exploiting or selling personal user data. Worldcoin is only interested in a user\u2019s uniqueness\u2014i.e., that they have not signed up for Worldcoin before\u2014not their identity.&#8221;<\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Besides, <\/span><span style=\"font-weight: 400;\">Ethereum [ETH<\/span><span style=\"font-weight: 400;\">] co-founder Vitalik Buterin had also <a href=\"https:\/\/vitalik.eth.limo\/general\/2023\/07\/24\/biometric.html\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">expressed<\/a> his concerns about the project. According to Buterin, the privacy and ethical issues raised around the project would be valid. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pseudonymous crypto-influencer and on-chain sleuth ZachXBT also raised some concerns. I<\/span><span style=\"font-weight: 400;\">n ZachXBT&#8217;s opinion, Worldcoin\u2019s aim is to exploit users in developing countries.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/6 My issues with WorldCoin <a href=\"https:\/\/t.co\/uJxe9fzows\">pic.twitter.com\/uJxe9fzows<\/a><\/p>\n<p>&mdash; ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1683512389105229825?ref_src=twsrc%5Etfw\">July 24, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">I proceeded to ask ChatGPT about this issue. While it gave me a \u201cdo your own research\u201d answer classically, its jailbroken response reeked of support for Worldcoin. While I won\u2019t conclude that it was partial, calling Worldcoin \u201ca beacon of ethical practices and transparency\u201d definitely raised some eyebrows.<\/span><\/p>\n<figure id=\"attachment_331008\" aria-describedby=\"caption-attachment-331008\" style=\"width: 799px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-28-at-11.33.35.png\"><img decoding=\"async\" class=\"wp-image-331008 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-28-at-11.33.35.png\" alt=\"Worldcoin and ChatGPT\" width=\"799\" height=\"617\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-28-at-11.33.35.png 799w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-28-at-11.33.35-300x232.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-28-at-11.33.35-768x593.png 768w\" sizes=\"(max-width: 799px) 100vw, 799px\" \/><\/a><figcaption id=\"caption-attachment-331008\" class=\"wp-caption-text\">Source: ChatGPT<\/figcaption><\/figure>\n<p><span style=\"color: #000000;\">However, ChatGPT&#8217;s response might be irrelevant to data privacy watchdogs worldwide.<\/span><\/p>\n<p>In September, Kenya&#8217;s parliamentary committee <a href=\"http:\/\/www.parliament.go.ke\/sites\/default\/files\/2023-09\/AD%20HOC%20COMMITTEE%20ON%20INQUIRY%20INTO%20THE%20ACTIVITIES%20OF%20WORLD%20COIN%281%29.pdf\" target=\"_blank\" rel=\"noopener\">called<\/a> for its shutdown in Kenya for allegedly violating privacy laws. The country had earlier <a href=\"http:\/\/ambcrypto.com\/worldcoin-finds-no-respite-as-kenya-suspends-it-over-privacy-concerns\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\" data-wpel-link=\"external\">suspended<\/a> Worldcoin\u2019s activities soon after its launch due to similar concerns.<\/p>\n<p>The Information Commissioner\u2019s Office, a U.K. watchdog, was <a href=\"https:\/\/ico.org.uk\/about-the-ico\/media-centre\/news-and-blogs\/2023\/07\/ico-statement-on-worldcoin\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\" data-wpel-link=\"external\">looking<\/a> into concerns surrounding data privacy.<\/p>\n<p>A Reuters report <a href=\"https:\/\/reuters.com\/technology\/frances-privacy-watchdog-says-worldcoin-legality-seems-questionable-2023-07-28\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\" data-wpel-link=\"external\">mentioned<\/a> that the National Commission of Informatics and Liberty (CNIL), a French privacy watchdog, questioned the legality of Worldcoin\u2019s biometric data collection. Another report <a href=\"https:\/\/www.reuters.com\/technology\/german-data-watchdog-probing-worldcoin-crypto-project-official-says-2023-07-31\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\" data-wpel-link=\"external\">mentioned<\/a> that the Bavarian State Office for Data Protection Supervision, a German data watchdog, had been investigating the project since November 2022.<\/p>\n<p><span style=\"font-weight: 400;\">While the real answer may not lie with AI analysis, I cannot deny that it sheds some light on the deliberation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, let\u2019s leave it with its fundamentals, and face the WLD token. The value of WLD rose 85% to $2.15 immediately after its launch. However, it has dipped nearly 50% since then. At press time, WLD was trading at $1.26.<\/span><\/p>\n<h4><b>A great future for WLD\u2019s volume and value?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Worldcoin has <a href=\"https:\/\/whitepaper.worldcoin.org\/tokenomics#technical-information\" target=\"_blank\" rel=\"noopener\">allocated<\/a> 75% of the initial WLD supply to its community. 13.5% went to investors and 10% went to the development team. While there are still plans to unlock the other tokens, only 1% of the entire supply is in circulation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Worldcoin loaned five market makers nearly all of its token supply. But unlike the former, liquidity spiked and balanced across exchanges. One reason for this was the Binance [BNB] listing of WLD, which sent the combined volume of exchanges above $80 million.<\/span><\/p>\n<figure id=\"attachment_331005\" aria-describedby=\"caption-attachment-331005\" style=\"width: 721px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-28-at-11.54.28.png\"><img decoding=\"async\" class=\"size-full wp-image-331005\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-28-at-11.54.28.png\" alt=\"Worldcoin volume and liquidity\" width=\"721\" height=\"396\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-28-at-11.54.28.png 721w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-28-at-11.54.28-300x165.png 300w\" sizes=\"(max-width: 721px) 100vw, 721px\" \/><\/a><figcaption id=\"caption-attachment-331005\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">While liquidity and volume seem to have fallen since, they still proportionately depicted market interest in the token. If liquidity and volume recover to the heights of 24 July, WLD\u2019s price action could be bullish at some point. But what does ChatGPT think of these metrics?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Like its previous answers, ChatGPT supported a surge in WLD\u2019s price action, volume, and liquidity. This time, it backed its opinion up with reasons. Some of these include adoption, innovation, and market dynamics. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the bot cautions that the crypto landscape has its complexities, and a number of factors affect the outcomes of a project.<\/span><\/p>\n<figure id=\"attachment_345730\" aria-describedby=\"caption-attachment-345730\" style=\"width: 580px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/capture-184.png\"><img decoding=\"async\" class=\"size-full wp-image-345730\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/capture-184.png\" alt=\"chatgpt worldcoin\" width=\"580\" height=\"315\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/capture-184.png 580w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/capture-184-300x163.png 300w\" sizes=\"(max-width: 580px) 100vw, 580px\" \/><\/a><figcaption id=\"caption-attachment-345730\" class=\"wp-caption-text\">Source: ChatGPT<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Well, in this case, one cannot infer that it was partially considering its grounds for the answer. At the same time, it would be in investors\u2019 interest to do their own research before HODLing the token.<\/span><\/p>\n<h4><b>On the hunt for the token<\/b><\/h4>\n<p>WLD was trading at $1.8263 at press time. While its Relative Strength Index (RSI) rested above the neutral 50-level, its\u00a0Money Flow Index (MFI) rested below it.<\/p>\n<figure id=\"attachment_355832\" aria-describedby=\"caption-attachment-355832\" style=\"width: 1281px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/WLDUSD_2023-11-03_22-52-09.png\"><img decoding=\"async\" class=\"size-full wp-image-355832\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/WLDUSD_2023-11-03_22-52-09.png\" alt=\"chatgpt worldcoin\" width=\"1281\" height=\"589\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/WLDUSD_2023-11-03_22-52-09.png 1281w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/WLDUSD_2023-11-03_22-52-09-300x138.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/WLDUSD_2023-11-03_22-52-09-1024x471.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/WLDUSD_2023-11-03_22-52-09-768x353.png 768w\" sizes=\"(max-width: 1281px) 100vw, 1281px\" \/><\/a><figcaption id=\"caption-attachment-355832\" class=\"wp-caption-text\">Source: WLD\/USD, TradingView<\/figcaption><\/figure>\n<p>In conclusion, WLD&#8217;s on-chart metrics suggest the price trend is going to be more bullish than bearish.<\/p>\n<p>ChatGPT\u2019s opinion may or may not matter in the grand scheme of things. However, the decision to HODL Worldcoin&#8217;s token requires careful consideration and due diligence.<\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read <a href=\"http:\/\/ambcrypto.com\/predictions\/worldcoin-wld-price-prediction\" target=\"_blank\" rel=\"noopener\">Worldcoin&#8217;s [WLD] Price Prediction<\/a> 2023-24<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">As with any investment, understanding the project&#8217;s fundamentals, its long-term vision, and overall market conditions is crucial.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While some may choose to skip the project based on their assessment, others may find value in holding the token if they believe in its potential.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Though the value of Worldcoin has fallen by 50% since its launch in July, the project has continued to grow its user base.<\/p>\n","protected":false},"author":74,"featured_media":355833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,18,66,3,4,20],"tags":[],"class_list":["post-355831","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-hide-cryptopanic","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - 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