by TradingView
In the digital asset sphere, a fresh player is bringing in attention and great success this past week: Worldcoin and its native WLD token. Debuting on Monday and having made considerable headway in the cryptocurrency market, the digital currency has generated over $171B in trading volume over the last 24 hours (a 7.81% increase from the previous day). It has a current market cap of $252 million—putting it as the 118th largest in the crypto landscape—and as of writing is trading 1.53% higher, at $2.250. Developed by Alex Blania and Sam Altman, OpenAI’s CEO co-founder, Worldcoin is a privacy-preserving digital identity project designed and distributed as a public utility to give ownership and control to its users. Its initial total supply was 10B WLD units–a figure that will remain intact for the next 15 years. Several high-profile investors have found Worldcoin worthy of investing in, with a16z, Tiger Global, Bain Capital Crypto, Blockchain Capital, and Khosla Ventures among generous backers. Growth has also been promising, with over 2M users, and now underway field real-world scanning identified with the Orb showing activity tabulated in 35 cities spanning 20 countries worldwide. Data from the wider sector show that Worldcoin has gained 1,400% and even as much as 2407% since the conference launch, whereas before WLD was trading at approximately $1. Further ROI hinges on crossing the psychological support at $2.00 as it strives to fulfil the must-hit price-target of $2.500, demonstrated by the presence of various moving averages in the technical research. Thanks to these movements and its increasing reputation, it appears likely that gradual momentum is upswing.
