Can Worldcoin WLD stand firm at $2 and return to its peak?
Worldcoin is known for its identity authentication methods. It uses advanced biometrics to create unique digital identities, called World IDs. These World IDs are designed as "global digital passports" to cope with a future increasingly influenced by artificial intelligence and digital interactions. Recently, Worldcoin has expanded its coverage by integrating with the Solana blockchain, focusing on enhanced user verification. This move was facilitated by Wormhole, an interoperability protocol that connects the state root (snapshot of basic data) of World ID from Ethereum to Solana.
Due to the large monthly selling pressure, the price of WLD has not improved much. In July of this year, according to the Worldcoin Foundation, the WLD tokens allocated to Worldcoin contributor Tools for Humanity were originally scheduled to be unlocked daily in a linear manner starting on July 24, 2024. But TFH will extend the unlocking schedule of 80% of WLD held by team members and investors from 3 years to 5 years. In addition, in April this year, Worldcoin announced that it would launch World Chain later this year. It is now approaching Q4 and is not far from major positive news.
The current price is $2.06 and the historical high is $11.97. The explosive trend of WLD price has completed the cup-handle pattern and the bullish reversal market structure. It is currently retreating to the $2 horizontal resistance level to turn into support and retest. A successful retest should confirm the continuation of the bullish momentum.
From the past history, from October last year to the first half of this year, WLD was greatly influenced by Ultraman and OpenAI. Every move of its CEO or company has caused WLD to fluctuate greatly. Strictly speaking, although WLD is an identity ID track, its AI attributes are now extremely large and it has become a hot spot for OpenAI in the currency circle. #WLD🔥🔥🔥 #世界币 #加密市场反弹 #USDT市值创历史新高 #wld $WLD
