BTC Status
Current Status: 102k Hold
Technicals: 6/10 bullish (based on chart analysis and Coinglass data)
Target: $4.20
About Worldcoin
Mission Statement
The mission of the Worldcoin project is to build the world’s largest identity and financial network as a public utility, providing ownership to everyone.
Core Concept
The Worldcoin system centers around World ID, a privacy-preserving global identity network. World ID enables users to verify their humanness online ("Proof of Personhood") while maintaining privacy through zero-knowledge proofs.
To interact with the Worldcoin protocol:
Users must download World App, the first wallet supporting World ID creation.
Users visit a physical imaging device called the Orb to obtain their Orb-verified World ID.
Orbs are operated by independent local businesses known as Orb Operators.
The Orb uses multispectral sensors to verify humanness and uniqueness. All images are deleted on-device by default unless the user explicitly consents to data storage (Data Custody).
What Makes Worldcoin Unique?
Worldcoin aims to achieve global adoption at a billion-person scale, creating the largest identity and financial network. Unlike most crypto projects, the majority of WLD tokens are distributed to individuals simply for being human.
Technical Analysis
Breakout: Price has broken out of a falling wedge and through VWAPs (Volume-Weighted Average Prices), signaling bullish momentum.
Strategy: Potential entries or trade compounding at support/resistance (S/R) levels, Point of Control (POC), and Fibonacci levels.
4-Hour Chart:
VMC (Vumanchu): Bullish
ADX (Average Directional Index): Bullish
RSI (Relative Strength Index): Overbought
30-Minute Chart:
Similar bullish signals as on the 4-hour chart.