Sam Altman’s Worldcoin Trading Briskly
Posted on 07/24/2023
Worldcoin, a cryptocurrency run by OpenAI CEO Sam Altman, was quick to rise on its first trading day, though not in the U.S., where it cannot be traded. Worldcoin traded between US$ 3.58 from its start at US$ 1.70 but settled in the range of US$ 2.50. The coin trades on Binance.
Many of these microcap alternative crypto coins have been “pump and dump” schemes, which is why the SEC has been trying to pursue both issuers and cryptocurrency exchanges.
Will Worldcoin be able to track the flow of money by its users? Is Worldcoin another sh*tcoin that is a quick money grab?
Worldcoin uses a retinal scan to decipher ownership. Worldcoin says: “Worldcoin consists of a privacy-preserving digital identity (World ID) and, where laws allow, a digital currency (WLD) received simply for being human.”
There are 10 billion coins available, with 143 million released so far.
Solana (SOL) had a rough two years of price action after losing out -90% since the previous all-time high in November 2021.