Worldcoin Price Prediction: How High Can WLD Go?

Worldcoin terms has been trading higher for the past fewer days aft its motorboat connected Monday. The integer plus has implicit $171 cardinal successful trading measurement occurring wrong the past 24 hours, a 7.81% increase. The cryptocurrency boasts a marketplace headdress of $252 million, positioning it arsenic the 118^th largest cryptocurrency. At the clip of writing, WLD was trading 1.53% higher astatine $2.250.

Worldcoin Explained

Worldcoin and its autochthonal WLD token person been making headlines worldwide implicit the past week, capturing the attraction of crypto investors. Worldcoin is among the newest projects successful the crypto market, launched connected Monday by its founders Alex Blania and Sam Altman, the co-founder, and CEO of OpenAI, the institution down the celebrated ChatGPT.

Worldcoin, a crypto and integer ID task was launched connected Monday aft years of development. The task is aimed astatine gathering the largest individuality and fiscal networks arsenic a nationalist utility, giving ownership to everyone. The task consists of privacy-preserving integer individuality (World ID).

To verify their humanness, Worldcoin is inviting its users for an iris scan utilizing a carnal imaging instrumentality called the Orb, giving users unsocial integer identities to verify if they are quality oregon not. The WLD token is designed arsenic a inferior token with governance properties and has been issued to its users. According to its whitepaper, Worldcoin had an archetypal full proviso of 10 cardinal WLD and volition stay unchanged for the adjacent 15 years.

Worldcoin has received much than $250 cardinal crossed respective backing rounds from investors, including a16z, Tiger Global, Bain Capital Crypto, Blockchain Capital, and Khosla Ventures. Worldcoin has much than 2 cardinal users truthful acold and is present acceptable to ramp up its eyeball-scanning operations to 35 cities crossed 20 countries.

Worldcoin terms has much than doubled since its motorboat connected Monday erstwhile the integer currency was trading astatine astir $1. WLD has jumped by much than 1,400% successful the past week and successful the twelvemonth to date. With its fast-growing popularity successful the markets, the Worldcoin terms is apt to proceed moving higher successful the contiguous term.

Worldcoin Price Technical Analysis

Worldcoin terms has been moving higher for the past fewer days but astatine a slower gait than the archetypal fewer days aft the launch. The integer plus has failed to retest the important absorption portion of $2.500 arsenic it struggles to determination higher. On the 4-hour chart, the WLD terms is somewhat supra the 20-day and 50-day exponential moving averages, arsenic good arsenic the 20-day and 30-day elemental moving averages. Even so, its Relative Strength Index (RSI) remains beneath the neutral level.

With its fast-paced popularity successful the crypto market, the Worldcoin terms is apt to proceed moving higher. As such, a determination supra the important absorption astatine $2.50 volition pave the mode for further terms increases to $3.00. However, a determination beneath the intelligence enactment astatine $2.00 volition invalidate this bullish thesis.