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Worldcoin (WLD) has seen impressive growth recently, with prices surging 170% in the past week alone. According to one prominent analyst, WLD could continue rallying and reach $26 by the end of the year if conditions remain bullish.
While Worldcoin continues rising, there’s another altcoin, Bitcoin Minetrix (BTCMTX), that some experts think would spike at the end of its presale.
Worldcoin price surging
Worldcoin’s recent run has made it one of the most talked-about cryptocurrencies on social media.
The coin’s surge has been fueled by a massive increase in trading volumes, which reached $1.4 billion in the past 24 hours.
This makes WLD the 8th most-traded cryptocurrency globally – although it’s still only the 81st largest (as measured by market cap).
According to prominent analyst Ali Martinez, Worldcoin’s powerful rally is a result of a breakout from an ascending channel pattern on the daily chart.
In a recent tweet, Martinez pointed out that Worldcoin has broken out of this technical pattern, setting the stage for further upside.
He believes that if the breakout can be sustained, WLD could march towards $15 in the near term.
Looking ahead, Martinez thinks WLD could even extend as high as $26 later this year if the coin’s momentum continues.
Should Worldcoin reach Martinez’s upper target, it would represent gains of 266% for those who invest at the current price point.
User growth and AI hype propel Worldcoin to all-time high
Much of Worldcoin’s rally can be attributed to the project crossing the monumental threshold of one million daily active users last week.
As Worldcoin announced in a blog post, its crypto wallet app, World App, has now onboarded one million people – a 10x increase from just 100,000 users in November.
This rapid user growth validates Worldcoin’s goal of providing financial services to unbanked populations.
Worldcoin is also benefiting from the broader hype around AI this week, with OpenAI unveiling its groundbreaking text-to-video generator, Sora.
This heightened interest in AI has lifted most tokens in the space, and Ethereum co-founder Vitalik Buterin even tweeted about the potential for AI to audit smart contracts.
With solid fundamentals and a small dash of hype, Worldcoin was able to capitalize on the discussions around AI and rally over 170%.
Although some believe WLD’s price is now overextended, the broader market interest in AI suggests there could still be room for growth.
Bitcoin Minetrix presale raises $11.2 million
As Worldcoin continues to gather momentum, another crypto asset, Bitcoin Minetrix, is also posting sharp gains.
Still in its presale phase, Bitcoin Minetrix has already raised over $11.2 million and attracted almost 22,000 followers on Twitter.
The project’s key innovation is tokenizing cloud mining power to open up Bitcoin mining to the masses.
Bitcoin Minetrix does this through its stake-to-mine model.
Using this model, BTCMTX holders can stake their tokens and earn cloud mining credits, which can be burned for hash power.
As a result, those who wish to participate in Bitcoin mining don’t need to buy expensive equipment or pay high electricity bills.
The stake-to-mine feature will also pay out yields of up to 60% per year in BTCMTX – with over 690 million staked already.
With its fresh take on crypto mining and well-timed market entry, analysts like Jacob Bury believe BTCMTX could surge after its presale ends.
Bury highlighted Bitcoin Minetrix’s potential to disrupt the traditional mining industry by lowering the barriers to entry for everyday crypto enthusiasts.
Bury’s prediction was backed up by Uche Crypt, who also believes BTCMTX is poised to rally post-listing.
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This article first appeared at crypto.news
