ElonTrades and World Of Charts, highlighted the bullish potential of Worldcoin (WLD), suggesting paths for significant price increases.
ElonTrades began by noting that Worldcoin is “primed for a reversal.” Co-founded by Sam Altman of OpenAI, the project aims to establish a global digital currency and identity system utilizing biometric data, specifically iris scans, to verify identities.
$WLD primed for a reversalCo-founded by @sama of @OpenAI Worldcoin aims to create a global digital currency and identity system that uses biometric data (such as iris scanning) to verify individuals’ identities. It focuses on decentralization, universal basic income, and the… pic.twitter.com/wCcFOvPkUJ
— ElonTrades (@ElonTrades) October 6, 2024
The focus on decentralization, universal basic income, and broad cryptocurrency distribution has garnered interest. As of 2024, over 6.5 million individuals across 160 countries have registered for World ID, with strong adoption reported in countries like Argentina and Germany.
ElonTrades emphasized that the project is on a trajectory for mass adoption, similar to major tech companies, and suggested that a price increase of 10-20 times is feasible given its global ambitions.
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Show more +Show less – Top Analyst Sees a 2x WLD Price Increase
Meanwhile, World Of Charts provided a technical analysis of WLD, indicating that after a 25% bullish rally, the cryptocurrency has successfully retested a crucial support level. The chart shared by World Of Charts illustrated a falling wedge pattern, a bullish reversal signal, which has formed over several months.
Read Also: SEC Schedules Behind Closed Doors Meeting—Is It About Ripple’s (XRP) Settlement?
Following a recent breakout from this pattern, the price has moved above the upper trendline, confirming bullish sentiment. The successful retest of this trendline strengthens the case for further upward movement.
World Of Charts projected a potential price target of approximately $3.50 to $3.60, suggesting a doubling of the current price around $1.70. They highlighted the importance of volume confirmation during this breakout and identified resistance levels that, if breached, could signal further bullish momentum.
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The post Worldcoin (WLD) Rising Metrics Signal Bullish Potential: Analysts Draw Path to 2x and 10x Price Increase appeared first on CaptainAltcoin.
