Worldcoin's native token, $WLD , is standing out with impressive moves, recording a notable increase of around 130%.
Despite a slight correction after reaching a peak of US$4.68, there is excitement in the air as analysis suggests that a significant recovery is on the way.
Renowned cryptocurrency analyst Ali Martinez has identified promising bullish patterns on Worldcoin's 4-hour chart, pointing to a possible substantial 80% increase. The projected goal? An impressive $6.30 for the WLD token.
Worldcoin gained global attention starting in November, reaching its peak on December 18 when it reached $4.68 during a broader market recovery phase. Although it has experienced a slight drop since then, it remains at around US$3.81, fueling optimistic expectations.
In the regulatory scenario, Worldcoin has faced challenges, but its journey is marked by innovation. The suspension of the Orb verification service in markets such as India, Brazil and France following the introduction of eye scanning technology adds a touch of mystery. Even with this obstacle, initiatives such as pop-up kiosks in India demonstrate the quest to include new users, generating great interest.
Backed by giants like Andreessen Horowitz, Khosla Ventures and Reid Hoffman, Worldcoin does not go unnoticed. Initially raising $25 million in October 2021, its market cap skyrocketed to $3 billion after another $100 million in funding in less than a year. However, its biometric iris encryption project, developed by Tools for Humanity, is not free from controversy, especially related to verification and accessibility flaws.
Amid ups and downs, Worldcoin's trajectory remains intriguing, leaving enthusiasts eager for new chapters in this exciting journey in the world of cryptocurrencies.
