The price of Worldcoin ($WLD
) has increased by 50+% over the past week. This growth is the result of a general upswing in the market and aggressive global expansion of the project. This month alone, he has included more than 40 countries in his network
Due to the general optimism in the market and World's plans to further expand to other countries, the price of #Worldcoin may continue to rise in the near future.
World Expansion increases demand for WLD
World is a digital identification project co—founded by Sam Altman from OpenAI. The project uses iris scanning technology. It is expanding its global presence, launching this November in more than 40 countries, including Costa Rica, Poland and Austria. Such rapid expansion has attracted significant attention to the WLD token, contributing to an increase in its price.
The price of Worldcoin has increased by 27% in the last 24 hours, to the highest values since July. The metric of the number of active addresses per day (DAA) reflects significant demand for the asset. At the moment, its value is 137.92%.
This indicator tracks whether the current activity on the network supports the movement of the asset price. Positive values during price growth are a bullish signal that indicates a strong internal impulse. This means that online activity supports the growth of the coin's value. With the participation of more people, the demand for an asset increases, which in turn raises its price.
Moreover, the market sentiment towards WLD is bullish right now. According to Santiment, the weighted value of the indicator is 0.64 at the time of writing. The metric tracks the overall market-to-asset ratio. When it is above zero, discussions on social media are mostly positive. This suggests that market participants expect further price increases.
Growth to a 6-month high is possible
At the time of writing, WLD is trading just above the $2.44 resistance level. Chaikin's growing money flow indicator Chaikin Money Flow (CMF) now stands at 0.22, confirming the high demand for the token.
This metric measures the movements of cash flows entering and exiting an asset. Positive values indicate that buyers are investing capital to maintain price growth. Meanwhile, negative indicators indicate that the initiative is on the side of sellers, and liquidity is leaving the asset.
If the demand for purchase persists, the $2.44 resistance level may turn into a base. This will create conditions for growth to $3.61. Overcoming this mark will send the price to a six-month high of $5.40.
On the other hand, if demand falls and investor sentiment changes to pessimistic, the forecast will be incorrect. In this case, the WLD may fall below $2.44 and try to stabilize around $1.34.