The Worldcoin price is performing well today after the United States President, Donald Trump, announced a new investment deal called “The Stargate Project” involving Sam Altman, the founder of the Worldcoin (WLD) crypto and CEO of OpenAI.
Stargate Aims to Invest $500B to Strengthen U.S. Leadership in AI
In the late hours of Tuesday, January 21st, Donald Trump revealed the launch of a groundbreaking $500 billion artificial intelligence (AI) infrastructure initiative called “Stargate.”
The new company plans to set up AI-operated data centers across the United States, creating 100,000 new jobs for American workers.
In a press conference, Trump announced that an initial $100 billion will be invested immediately. The project aims to strengthen America’s role in artificial intelligence and boost global economic growth.
The Stargate Project’s financial backers include SoftBank, OpenAI, Oracle, and MGX, with SoftBank and OpenAI taking the lead. Masayoshi Son from SoftBank will be the chairman, overseeing financial operations, while OpenAI, led by Sam Altman, will handle daily operations.
In addition, major companies like Arm, Microsoft, NVIDIA, Oracle, and OpenAI will partner to provide technology and help design and operate the infrastructure. Texas has been selected as the first development site, and more locations are under consideration across the U.S.
Worldcoin Price Jumps Over 20% and Looks Set for More Gains
The Worldcoin price has risen by 20.44% in the last 24 hours after the Stargate project was announced. This bullish price performance shows that investors are responding favorably to the major investment linked to Sam Altman, the co-founder of OpenAI and the World ID project.
At the time of writing, the WLD price is $2.21, up from $1.83 yesterday. There has also been a significant increase in trading volume. According to Coinmarketcap data, the 24-hour trading volume for WLD is $716.97 million, a 66.65% rise compared to the previous 24 hours.
Experts believe this increase may just be the beginning. They think the current price of Worldcoin (WLD) is underrated and has strong potential for further growth.
Venüs Kripto, a crypto analyst, tweeted about $WLD, calling it a promising “basket coin” likely to rise soon. The analyst pointed out that WLD’s price has reached a key point in a falling wedge pattern, suggesting an upward movement is on the way.
An increase in trading volume shows that more people are interested in WLD, which supports this positive outlook. Based on the current pattern, the analyst notes an immediate target of $4.65 and a long-term goal of over $25 this bull cycle.
The chart supports this analysis by showing the wedge pattern and a rise in volume during the consolidation phase, which usually occurs before a breakout.
Meanwhile, the launch of the Stargate project might appear bullish for other AI coins, such as Artificial Superintelligence Alliance (FET), NEAR Protocol (NEAR), AIOZ Network, GRASS, Virtuals Protocol, and others.
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