Worldcoin Surges Amid AI Coin Revival
Worldcoin (WLD) has seen significant gains in recent days, surging by over 13% in the past 24 hours. This rally comes as part of a broader trend of AI-focused coins seeing renewed interest.
The altcoin's price has doubled its weekly profits to over 26%, with gains exceeding 50% over the past 30 days. This uptrend is evident not only in WLD but also in other AI coins, such as Near Protocol (NEAR), Bittensor (TAO), Injective (INJ), and Internet Computer (ICP), which have all recorded double-digit gains.
The buying activity behind this rally can be attributed to several factors. The Spot Taker CVD metric, which measures buyer dominance, has flipped green in the past two days of August, indicating a shift towards bullish sentiment.
Additionally, Long/Short Ratios on Binance and OKX have been above 1.70, with Top Trader Long/Short ratios for accounts and positions at 1.93 and 2.11 respectively, indicating large players were invested in the altcoin.