Worldcoin Gains Momentum as Crypto Market Recovers
Worldcoin (WLD) has been on a steady rise for four days, reflecting the broader recovery in the crypto market. The token peaked at $1.19 on saturday and is now trading around $1.08. This uptick coincides with a positive trend in bitcoin (BTC), altcoins, and U.S. stocks.
A notable factor behind Worldcoin’s surge is a whale’s recent purchase of over $1.5 million worth of tokens. Whales, frequently enough seen as savvy investors, can influence market sentiment positively. Additionally,Worldcoin’s growth is bolstered by increased activity in Asian markets.
Singapore saw a jump of 15,800 new registrations, reaching 100,000 verifications. South Korea and japan also showed strong growth,with Japan surpassing 100,000 verifications. These gains were partly due to strategic partnerships, like the one with SuperWalk in South Korea.
Worldcoin’s weighted funding rate has been positive for ten days, indicating bullish sentiment. Technically, the price has rebounded from $0.5833 to $1.20, breaking key resistance levels. The Relative Strength Index is at 76, suggesting further upside potential.
Worldcoin, launched in 2019 by Sam Altman, aims to create a global decentralized identity network using iris scans. While it offers financial inclusion, privacy concerns have arisen due to biometric data collection.Despite these challenges, Worldcoin continues to attract venture capital interest.
