Worldcoin‘s native token, WLD, is on fire, experiencing a 28% surge on Tuesday, thanks to the rapid expansion of its identity verification services. This surge follows the project’s aggressive roll-out into over 40 countries, igniting excitement and investor confidence.
Worldcoin Saw Increase in Price and Volume
The price of Worldcoin’s token surged between $2.12 and $2.83. At present, it is at $2.75, marking a 37% gain from its previous support level. This surge was accompanied by a massive 76.56% spike in trading volume, bringing it to $2.38 billion.
Additionally, WLD’s market capitalization has increased by 75% in the past 30 days, now at $1.74 billion. Within a week, the token has spiked more than 60%, signaling that the market is embracing its long-term vision.
The rise in WLD’s trading activity is mirrored by a surge in open interest, which skyrocketed by 38.51%, reaching $346.38 million. This signals more funds flowing into the token, a clear indication that both retail and institutional investors are flocking to Worldcoin’s expanding ecosystem.
Worldcoin’s Fresh Horizons Fuel Market Surge
In a strategic development, Worldcoin has expanded its decentralized identity verification system across Latin American countries, including Colombia, Ecuador, and Guatemala. Europe is not left behind, as the project is starting its operations in Austria and Poland. This aggressive geographic expansion is reinforcing Worldcoin’s position as a leader in identity verification despite the complexities of varying regulations.
Last month, Worldcoin updated the community with a new feature: face authentication, which guarantees secure verification of humanness. The primary goal is to differentiate between bots and humans online. This expansion has generated renewed interest and excitement in the project, sparking a bullish market reaction.
World Chain and Institutional Interest
Worldcoin’s growth trajectory includes the anticipated launch of World Chain. This forthcoming layer 2 network is designed to offer faster, cheaper transactions and enhanced blockchain interoperability. This innovation could drive WLD’s adoption and increase its utility in the digital economy.
Co-founders Sam Altman and Alex Blania recently shared updates on the project’s roadmap, including a long-term goal of onboarding one billion users.
Over 16 million users have been verified through World ID as of now, marking significant progress. Altman has expressed optimism about the project’s future, particularly praising Blania’s leadership in overcoming regulatory hurdles.
Institutional investors have also noticed that $236.93 million in trades over $100,000 in the past week indicates significant institutional confidence in WLD’s future. With its ambitious expansion and innovative plans, Worldcoin’s future looks bright as it continues attracting retail and institutional investors.
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