The cost of $WLD , a token supported by the renowned artificial intelligence firm OpenAI, has recently achieved a noteworthy low—albeit one that probably won’t have investors cheering. For the first time, $WLD is hitting a price point that puts investors in the red, currently sitting around $0.97, which, as far as CoinGecko is concerned, represents the lowest price ever recorded for the token. The cryptocurrency community is now casting sideways glances at $WLD and asking some pointed questions. Why has a token with such prestigious AI backing gone the way of the dodo? And why hasn’t its narrative AI potential translated into increased gains? What’s Behind the Drop in $WLD’s Price? The $WLD falling below the $1 threshold represents more than just a symbolic moment for the token; it shows the wider obstacles the cryptocurrency market faces, especially the projects that hang their hopes on the AI narrative. A lot of people are now asking if the token even has a chance of getting back to where it was—or if it will keep on declining and maybe even become the next big loser in the crypto space. The performance of some leading funds that have invested in $WLD is particularly worrisome. Prominent investors like a16z, Blockchain Capital, and Coinbase Ventures are now notorious examples. These funds are said to have first come in at a price between $0.25 and $0.30 per token. That’s a far cry from the current price of $0.97. And while $WLD is awash in red, the tokens are still selling for 3 to 4 times what these funds originally paid. So, one can certainly see why traders and investors might be getting a little jittery when looking at the performance of $WLD and pondering the possibility that it might be part of some market shift. The Investor Sentiment on Major Exchanges Examining the trading action on the big exchanges, such as Binance and OKX, reveals more about how the recent downturn is affecting traders. The most striking thing is how the many more long accounts than short accounts—by factors of 2.58 times on Binance and 4.87 times on OKX—indicate that traders are mostly still long on $WLD and mostly believe that it will come back and that the current price pressures are just that: pressure. Yet, even though the token keeps sliding downward, some traders are becoming more cautious. Long traders who are already in the market seem reluctant to accept the lower prices we’re currently seeing, which suggests to me that they might be feeling a little more anxious about the token’s ability to regain upward price momentum. If the price keeps on falling, I think you could number among the possible outcome scenarios increasing liquidation of long positions that could keep pushing the price further downward. Broader Market Challenges and the Impact of DeepSeek One thing that could be contributing to $WLD’s troubles is the larger AI industry—especially the cryptocurrency-related part of it—that is facing some tough challenges right now. A recent incident involving DeepSeek, a competitor to ChatGPT, has caused some substantial disruption within the whole AI sector. DeepSeek’s troubles, and their impact on ChatGPT, have caused some investor confidence in AI-driven narrative tokens to crumble. $WLD về dưới 1$ Thật sự cảm xúc không biết nói gì khi giá $WLD về hẳn 0.97$, cái mốc này đang ghi nhận là giá thấp nhất mọi thời đại trên Coingecko. Giá mấy quỹ như a16z, Blockchain Capital, Coinbase Ventures,… đi ở các vòng ở mức 0.25$ – 0.3$. Giá hiện… https://t.co/jMJLFoXCyH pic.twitter.com/QGwJ5W50ZH — Blog Tiền Ảo (@blogtienao_hq) February 8, 2025 Although AI is generally regarded as one of the top-tier stories in crypto, the industry’s real risk is its volatility and competition. The collapse or troubles of the leaders in this space—like DeepSeek—only serve to point up how tied the AI story is to specific tokens and technologies. For $WLD, which rides the narrative AI wave, this is an obstacle. The potential for AI story tokens to see massive adoption is still in play, but the recent events have injected a needed dose of skepticism among investors. Looking Ahead: Can $WLD Rebound? $WLD is dealing with some serious problems right now, yet the situation may not be as dire as it seems. The project has strong backing from OpenAI, a really promising partner to have, and the $WLD narrative is one that could develop nicely in the crypto space. What’s more, if you take a look at the broader market, narrative AI seems to be a hedge-fund darling and a strong potential growth area. So, $WLD could do nicely both because of its specific situation and the conditions of the overarching market. The market’s present condition indicates that, although a recovery is feasible, it will demand a large-scale change in investor sentiment and a stabilization of the artificial intelligence narrative. If $WLD can weather the storm it is currently in, stabilize its price, and regain investor confidence, it could return to the higher levels at which it was once trading. Still, in light of the recent downturn and the current uncertainty in the supposed growth driver that is the AI sector, one should be cautious about making an investment in $WLD right now. To sum up, if $WLD remains likely to go under the price of $1 anytime soon, it would not be a good investment. Clearly, it is trading below $2, which is below its all-time high of $1.86. While WLD is not trading at an all-time high currently, it still hasn’t reached its all-time low either (which was $0.3908 and was seen just over a month ago — on July 24). In this instance, “fundamentals” help get a grasp on this situation more and serve as a better guide to inform any investment decisions. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: fotographic / 123RF // Image Effects by Colorcinch
