Worldcoin at one time was one of the most hyped and talked about crypto projects. Founded by Sam Altman of OpenAI, this project wanted to create a revolution in the world of crypto payments.
In this article, we will have a look at the price prediction and price analysis along with the news roundup regarding worldcoin.
WLD Price Prediction
Currently, WLD is being traded at $2.42, with a 24-hour trading volume of $116,321,407. With 120 million WLD coins in circulation, Worldcoin is flexing a market cap of $287,923,549.
Let’s have a look at the price chart below
Marked resistance which if broken can lead further upward trajectory.
WLD is currently ranked 168th among all cryptocurrencies by market cap. WLD has a maximum supply of 1 Billion tokens, of which 10% are allocated to the Worldcoin Foundation, 10% are reserved for future sales, 10%are distributed to the team and advisors, and 70% are distributed to the users through user grants.
Weekly Price Analysis
WLD is an ERC-20 token on Ethereum, but most transactions take place on the Optimism network, a layer-2 scaling solution that reduces gas fees and latency. Users can claim their user grants on Optimism Mainnet by verifying their identity with the Orb, a physical imaging device that scans the eye and ensures uniqueness and humanness.
If we analyse the weekly setup of WLD crypto, we can see that after an initial uptick, it has gone into a narrow price range. Breaking that range would ensure a good breakout or breakdown for this crypto. The $2.80 level comes out to be a resistance for this coin. Successfully breaking of that level would help it zoom past the $3 level.
Conclusion
WLD, the driving force behind the Worldcoin protocol, aspires to create a global identity and financial network accessible to everyone. Experiencing price volatility since its launch, reaching an all-time high of $3.18 and subsequently correcting to around $2.4, WLD’s future trajectory relies on a myriad of factors.
These include the adoption and growth of the network, ongoing protocol development, competition and regulatory dynamics within the crypto space, and broader market sentiment and trends. As a new entrant in the crypto landscape, Worldcoin has captured attention and popularity by presenting a unique solution to identity and inclusion challenges.
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