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👀 Worldcoin Forays into Peru with World ID Verification, Addressing Rising Demand Worldcoin is now expanding to Peru with the goal of revolutionizing digital identification.World ID orb verifications are now accessible in the Peruvian city of Lima. Sam Altman’s Worldcoin has accomplished yet another great feat. The fact that the organization has expanded its World ID verification program to Peru demonstrates its determination to increase its influence throughout the world. With the support of Worldcoin’s Orb verification—an essential part of World ID verification—the project has made great progress, with notable advancements in Argentina and Singapore, and it is now expanding to Peru with the goal of revolutionizing digital identification. Worldcoin’s native token, WLD, is now experiencing a price decline but is still in a good position to gain from this growth, which has attracted a lot of investor interest. đŸ”ș Increasing Demand Contemporary, open-source, permissionless digital identification system World ID Verification allows users to confirm their humaneness online without compromising their privacy. The primary tool for this verification is Worldcoin’s Orb, which scans a user’s irises to generate an iris code, which is then used to generate a separate digital identity. World ID orb verifications are now accessible in the Peruvian city of Lima. Anyone in Peru who is at least 18 years old may use this platform to verify their humanity. More than 800 Peruvian participants, or 90% of the total, indicated a need for technological solutions to distinguish between people and internet bots in a March research. In addition, 84% of respondents said that future solutions should prioritize methods that differentiate robots from people. Worldcoin seems to have seized this chance and unleashed a countrywide tsunami with their World ID verification. Almost half a million World ID verifications were registered as part of its development efforts in Argentina, as indicated before. $WLD #WLD #Worldcoin​

👀 Worldcoin Forays into Peru with World ID Verification, Addressing Rising Demand


Worldcoin is now expanding to Peru with the goal of revolutionizing digital identification.World ID orb verifications are now accessible in the Peruvian city of Lima.

Sam Altman’s Worldcoin has accomplished yet another great feat. The fact that the organization has expanded its World ID verification program to Peru demonstrates its determination to increase its influence throughout the world.

With the support of Worldcoin’s Orb verification—an essential part of World ID verification—the project has made great progress, with notable advancements in Argentina and Singapore, and it is now expanding to Peru with the goal of revolutionizing digital identification. Worldcoin’s native token, WLD, is now experiencing a price decline but is still in a good position to gain from this growth, which has attracted a lot of investor interest.

đŸ”ș Increasing Demand

Contemporary, open-source, permissionless digital identification system World ID Verification allows users to confirm their humaneness online without compromising their privacy. The primary tool for this verification is Worldcoin’s Orb, which scans a user’s irises to generate an iris code, which is then used to generate a separate digital identity.

World ID orb verifications are now accessible in the Peruvian city of Lima. Anyone in Peru who is at least 18 years old may use this platform to verify their humanity.

More than 800 Peruvian participants, or 90% of the total, indicated a need for technological solutions to distinguish between people and internet bots in a March research. In addition, 84% of respondents said that future solutions should prioritize methods that differentiate robots from people.

Worldcoin seems to have seized this chance and unleashed a countrywide tsunami with their World ID verification. Almost half a million World ID verifications were registered as part of its development efforts in Argentina, as indicated before.

$WLD #WLD #Worldcoin​

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⭐ XRP’s Crucial Battle: Breaking $0.55 Resistance for Reversal ● XRP struggles to capitalize on market surge despite Ethereum ETF approval, facing three days of consecutive losses. ● Recent price action sees XRP failing to breach key moving averages and resistance levels, signaling a lackluster performance. ● CoinCodex predicts a 20.70% uptick for XRP, projecting a target price of $0.628974 by July 1, 2024. XRP stands at a critical juncture in its price trajectory, with analysts closely monitoring its ability to surpass the immediate resistance level at $0.55. Despite the broader market surge following the purported approval of the Ethereum ETF, XRP has struggled to capitalize on this momentum. Instead, it has endured three consecutive days of losses, plunging to as low as $0.50 and fostering bearish sentiment among investors. In recent price action, XRP breached key moving averages including the 50-day, 100-day, and 200-day, reflecting a lackluster performance. The failure to break above resistance levels has contributed to its downward trajectory, overshadowing the positive market sentiment spurred by other assets. However, signs of a resurgence are beginning to emerge as XRP charts a course towards overcoming the $0.55 barrier. Market observers emphasize the significance of sustained volume alongside price movements above this resistance threshold. Such developments could signify a shift in market sentiment, attracting a fresh wave of buyers. Moreover, attention is drawn to the 200-day EMA, positioned at $0.57, which serves as the next crucial resistance level to monitor. Maintaining support above $0.50 is imperative to mitigate downside risks for XRP. Failure to uphold this level could prompt further testing of lower support thresholds, potentially exacerbating declines. CoinCodex’s latest price prediction forecasts a notable uptick of 20.70% for XRP, projecting a target price of $0.628974 by July 1, 2024. Despite prevailing bearish sentiment. $XRP #XRP
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🔁 Investors Shift Shiba Inu to Exchanges Significant movements in the Shiba Inu (SHIB) market were observed last week, as over 4 trillion SHIB tokens, valued at approximately $103 million, were transferred to various cryptocurrency exchanges. This mass transfer has raised concerns among investors, indicating a potential sell-off after a recent price surge. Ali Martinez highlighted on social media platform X that these tokens were moved to exchanges over the past two weeks, hinting at possible selling actions in the near future. 🔾 What Does the Data Show? Using data from Santiment, it was confirmed that there was an increase in the movement of SHIB towards exchanges last week. This was accompanied by a decrease in SHIB supply on exchanges, indicating active selling by investors, including large holders or “whales”. The downward trend in the supply held by major addresses over the past seven days further reflects this selling pressure. A graph from Santiment displaying the Network Value to Transactions (NVT) ratio for SHIB indicated a rising pattern, which could suggest an overvaluation and potential price drop for the cryptocurrency. 🔾 Why Did SHIB’s RSI Change? Following a recent price increase, SHIB’s Relative Strength Index (RSI) climbed to 71 but subsequently fell to just above 40. Currently, SHIB’s price stands at $0.00002518, reflecting a 0.39% decline in the last 24 hours. The market faced substantial questions when the transfer of 4 trillion SHIB tokens to exchanges took place. This event, coupled with a 144% increase in SHIB’s value since the year’s start, suggests a possible decline as investors seek to capitalize on their gains. 🔾 Investor Insights ● Monitoring SHIB’s movement to exchanges can provide early signals of potential sell-offs. ● Analyzing SHIB’s NVT ratio can offer insights into its valuation status. ● Tracking RSI values can help predict short-term price movements. ● Observing futures trading data can reveal changes in investor interest and sentiment. $SHIB #SHIB
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📈 Chainlink Surges Over 35% in a Month: What Are the Driving Forces? Chainlink has surged by 36.46% in the past month, showcasing remarkable strength.A notable increase in trading volume, up by 14.74%, positions Chainlink favorably for further potential gains.Chainlink’s potential decoupling from Bitcoin’s influence suggests independent market dynamics. Over the last month, Chainlink (LINK) has shown impressive strength amidst a challenging period for the wider cryptocurrency market, marking a significant surge of 36.46%.  This surge, fueled by notable market dynamics and the inherent value it brings to decentralized ecosystems, underscores its growing significance. A major factor contributing to Chainlink’s momentum is the notable increase in trading volume, up by 14.74%, positioning it favorably for further potential gains.  Recent exchange activity reflects substantial movement, with $445,393,986 worth of LINK traded, ranking it among the top traded tokens in the market. Chainlink’s ability to maintain a positive growth rate, particularly when compared to Bitcoin and other leading altcoins, highlights its resilience and unique positioning within the cryptocurrency landscape.  Moreover, there’s anticipation surrounding the possibility of Chainlink decoupling from Bitcoin’s bearish influence if the current positive sentiment persists, signaling its independent market dynamics. Analyzing the technical aspects, it’s noteworthy that Chainlink is trading above its 50, 100, and 200 moving averages on the LINK chart, indicating a bullish trend. This technical strength adds further credibility to Chainlink’s potential for continued upward movement. Furthermore, Chainlink’s recent enhancement of its staking engine has expanded opportunities for engagement with the LINK token, attracting a broader user base and enhancing its overall utility. This upgrade not only encourages increased participation within the ecosystem but also reflects Chainlink’s commitment to innovation and user empowerment. $LINK #LINK #Chainlink
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🐋 Bitcoin (BTC) Welcomes $100 Billion Wave From New Mega Whales In a recent X post, the head of research at CryptoQuant, Julio Moreno, revealed that new Bitcoin whales have injected approximately $100 billion into the market in 2024. This substantial influx from high-net-worth individuals and institutional investors marks a significant development in cryptocurrency, reflecting growing confidence in Bitcoin's long-term potential. 💬 New whales have brought ~$100B into Bitcoin this year. — Julio Moreno Bitcoin whales are typically defined as individuals or entities holding large amounts of BTC with an addition in this category of addresses this year. Notably, this new inclusion of whales has collectively brought around $100 billion into the Bitcoin market since the beginning of the year. The $100 billion inflow represents a larger trend of accumulation, which saw $1 billion added daily to new whale wallets. In a May 31 X post, CryptoQuant founder Ki Young Ju drew parallels between the current market activity and the patterns observed in mid-2020. Back then, a similar phase of whale accumulation preceded a bull run that saw Bitcoin's price reach $69,000 in 2021. The current scenario suggests that history may be echoing itself, with high on-chain activity and daily additions of $1 billion to new whale wallets. The implications of this trend are manifold. For one, it indicates a heightened market interest and potential bullish sentiment among investors. Despite the low levels of price volatility, the significant movement into BTC by these whales could be setting the stage for another rally. Analysts are closely watching Bitcoin's price resistance around $72,000, with predictions that overcoming this threshold could lead to new all-time highs, possibly around $75,000. When writing, BTC was down 0.25% in the last 24 hours to $67,734. The price of Bitcoin (BTC) has traded in an exceptionally tight trading range of around $68,000 since the past week but declined to near $66,584 on Friday. $BTC #BTC
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