Worldcoin rose for the third consecutive day after developers expanded their product launches to more countries.

Worldcoin launches in more countries

Worldcoin (WLD) retested the important resistance level at $2, its highest point since Aug. 2. The token has surged by over 54% from its lowest level in August.

In a statement, the developers announced they had launched World ID in Guatemala, Malaysia, and Poland. In addition to these countries, Worldcoin is available in places like Argentina, Chile, Austria, Mexico, and the United States. 

1 week, 3 World ID verification launches 🇬🇹🇲🇾🇵🇱 pic.twitter.com/CwwNPNUPzh

— Worldcoin (@worldcoin) September 25, 2024

According to its website, the developers have carried out over 6.7 million World ID verifications, with 155,000 accounts joining in the last seven days.

Simultaneously, the number of wallet transactions has risen to 142 million, while daily wallet transactions have soared to nearly 400,000.

Worldcoin, which Sam Altman launched, is also working on the World Chain, an Ethereum (ETH) layer-2 network. Altman is the co-founder and Chief Executive of OpenAI, the company behind ChatGPT.

The developers hope that launching the chain will lower gas fees and ease the scaling process. Also, the chain will incorporate World ID data to prevent automated bots. Also, verified users will share part of the gas fees the network generates.

A key concern among users and policymakers is about data privacy. For example, World ID registrations were paused for a few months in Kenya as thousands of people lined up to be verified. It also encountered privacy issues in places like Hong Kong and Portugal. 

You might also like: OpenAI founder’s crypto Worldcoin integrates Unlimit for fiat conversions

Worldcoin may have bottomed

Worldcoin price chart | Source: TradingView

WLD’s rebound occurred after it found strong support at $1.3245, where it formed a double-bottom pattern.

The coin has since risen above this pattern’s neckline at $1.95. The Average Directional Index has pointed upward, while WLD has moved to the upper side of the wide Bollinger Bands indicator. Additionally, the Relative Strength Index has risen to the overbought point of 70.

Worldcoin is likely to continue rising, with the next reference level to watch being $3.25, its highest swing in July.

This recovery will likely depend on the performance of other cryptocurrencies, especially Bitcoin (BTC). If Bitcoin reaches a record high, as Polymarket users predict, altcoins like WLD will also rally.

You might also like: Odds of Bitcoin price soaring to a new all-time high are rising: Polymarket

Worldcoin’s recent rise demonstrates its increasing importance in the cryptocurrency world. This surge is powered by excitement around its AI token and positive sentiment in the market.
Chika Moji New Memecoin Get 100,000 Chika Tokens $100 Free Join Airdrop Now On ChikaMoji.lol

Worldcoin’s price analysis reveals its prominent position amidst recent positive trends in the crypto market, marked by significant value growth. This surge is credited to the rising enthusiasm for AI tokens, driving Worldcoin to reach new highs. Currently, Worldcoin stands at $9.93, showing a slight increase of 0.60% in the last 24 hours.

Worldcoin: Recent Developments and Market Dynamics
In the past 24 hours, Worldcoin’s trading activity has slowed down, with volumes decreasing by 4.49% to approximately $508 million. Despite this, Worldcoin maintains its position as the 77th most valuable cryptocurrency globally, boasting a market cap of nearly $1.44 billion.

Chika Moji New Memecoin Get 100,000 Chika Tokens $100 Free Join Airdrop Now On ChikaMoji.lol

Worldcoin price analysis

Earlier this week, Worldcoin experienced a significant surge, breaking the $11.82 mark and reaching its all-time high following dynamic market movements. This rally resulted in a remarkable 33% growth within a week. However, the surge was short-lived, and the currency’s value adjusted back to around $9.50, where it currently stands.
Worldcoin has shown resilience and strength, oscillating between $11.82 and $7.10 before finally breaking through the resistance. Over the past month, Worldcoin has experienced significant gains, with a staggering 210% increase.

Chika Moji New Memecoin Get 100,000 Chika Tokens $100 Free Join Airdrop Now On ChikaMoji.lol

This surge has been fueled by notable advancements, including the introduction of new OpenAI board members by Sam Altman, one of the project’s co-founders. However, recent news developments reveal that South Korea’s Personal Information Protection Commission has initiated an inquiry into Worldcoin (WLD) due to privacy concerns, led by Sam Altman. Following the probe, Worldcoin has publicly addressed the issue with a statement.
Worldcoin Price Analysis and Market Outlook
If Worldcoin (WLD) maintains its value above the critical support threshold of $9.80, it could potentially face resistance at the $14.00 level. Sustaining this positive trend may pave the way for Worldcoin’s push towards the high resistance mark of $20.00 in the near future.
On the downside, a shift in market sentiment towards negativity could see WLD’s value dropping to the support level of $9.00. Further downward pressure might lead to a decrease in value, potentially reaching a lower support level at $8.00 in the short term.

Chika Moji New Memecoin Get 100,000 Chika Tokens $100 Free Join Airdrop Now On ChikaMoji.lol

Worldcoin Price Analysis
The Relative Strength Index (RSI) currently stands at 62, indicating a balanced market condition without any overbought or oversold signals in the immediate term. Additionally, the Bollinger Bands highlight significant market conditions, with the upper band at $11.00 and the lower band at $5.74. This suggests a notable range where price volatility could occur in the market.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Chika Moji New Memecoin Get 100,000 Chika Tokens $100 Free Join Airdrop Now On ChikaMoji.lol

#Worldcoin #Bitcoin #Altcoin #Cryptocurrency #HotTrends $WLD