Worldcoin is the pet project of OpenAI CEO Sam Altman and he plans to revolutionize the crypto world by means of Worldcoin.
In this article, we will analyse the current price prediction along with weekly analysis and news roundup.
Worldcoin Price Prediction
- The price of Worldcoin (WLD) is $3.70 today with a 24-hour trading volume of $148,325,133.30. This represents a 2.00% price increase in the last 24 hours and a 1.20% price increase in the past 7 days.
The price is consolidating inside the descending triangle. Currently, the price is getting rejected from the resistance trendline. We have to wait for a successful breakout or breakdown.
- With a circulating supply of 110 Million WLD, Worldcoin is valued at a market cap of $401,072,758 and is ranked 156 by means of market capitalization.
WLD is an ERC-20 token on Ethereum and most WLD transactions take place on the Optimism network.
Weekly Price Analysis
- Worldcoin price rallied 54% on December 16 and came close to hitting level of $4.59. But profit-taking seems to have taken over, which could lead to consolidation before a new setup forms.
- The outlook for Worldcoin price is bullish after the recent rally. But if WLD retraces and flips the $2.419 support level into a resistance barrier, it would create a lower low and invalidate the bullish thesis.
Future Outlook
- The mission of the Worldcoin project is to build the world’s largest identity and financial network as a public utility, giving ownership to everyone.
- Worldcoin has three main components: World ID, a privacy-preserving global identity network; World App, the first wallet app that supports the creation of a World ID; and the Orb, a physical imaging device that verifies humanness and uniqueness.
- All Orb-verified World IDs holders are entitled to claim recurring grants of free WLD tokens (WLD tokens are not available in the US). This has the potential to make WLD the most widely distributed digital currency.
- The WLD token is designed as a utility token with governance properties, empowering users by giving them a say over the future of the protocol. Beyond conventional “one-token-one-vote” governance mechanisms, the introduction of World ID paves the way for “one-person-one-vote” mechanisms.
- After launch, the Worldcoin Foundation will solicit proposals and work with the community on how World ID and the WLD token should interact in Worldcoin’s governance model.
News Roundup
- Worldcoin in Argentina generates debate: young people exchange biometric data for cryptocurrency, facing privacy and security risks in a context of high inflation.
- Worldcoin suspended in Kenya as thousands queue for free money: The Kenyan government has ordered cryptocurrency project Worldcoin to stop signing up new users, citing data privacy concerns.
- Worldcoin launches 5 Orb locations in Singapore: Worldcoin expands its identity verification service to Singapore after facing global expansion challenges.
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