For the next six months, Worldcoin intends to sell up to 1.5 million WLD tokens weekly to specific trading firms outside the United States. Additionally, the digital identity project, Worldcoin, plans to boost its WLD token supply by as much as 19% during this period.

This increase will occur through a series of private sales to institutions located outside the United States.

Worldcoin Plans Significant WLD Token Supply Expansion
In an April 23 blog post, Worldcoin revealed its strategy to boost the supply of WLD tokens significantly. The subsidiary, World Assets, under the Worldcoin Foundation’s purview, will oversee the token issuance process. They aim to sell approximately 1.5 million WLD tokens, valued at about $8.2 million, weekly through private placements to institutional trading firms outside the U.S.
According to Worldcoin’s announcement, World Assets anticipates selling between 0.5 million and 1.5 million WLD tokens per week on average. This continuous influx will result in a proportional increase in the circulating supply of WLD tokens.

Source: Worldcoin
Over a span of six months, this initiative will introduce approximately 36 million new WLD tokens into the market, translating to an estimated value of around $197 million, based on CoinGecko data. Given the current circulating supply of 193 million WLD tokens, these private sales signify an 18.6% surge in the total available supply within the same timeframe.
Worldcoin’s Negotiation Strategy and Market Position
Worldcoin disclosed its intention to engage in negotiations with individual trading firms, especially those in competition with each other. The aim is to facilitate private placements at or near prevailing market prices for WLD tokens. This approach seeks to mitigate potential price impacts on the token.

Despite its current market capitalization of $1 billion, Worldcoin’s fully diluted value (FDV) stands significantly higher at $54.5 billion, considering the total value if all tokens were in circulation.

Worldcoin is ranked as the 6th largest cryptocurrency by FDV. Source: Coingecko
Launched from beta in July 2023, Worldcoin was co-founded by OpenAI CEO Sam Altman, current CEO Alex Blania, and Max Novendstern, who also leads the biometrics research firm Mana. Positioned as a crypto-based digital identity project, Worldcoin addresses identity challenges stemming from AI advancements and introduces a unique universal basic income model through its native WLD token.
Worldcoin’s Identity Registration Process and Price Movement
Identity Registration with the “World App”: Worldcoin users undergo identity registration using the company’s “World App,” where they scan their retinas at machines known as “Orbs.” In return for providing their biometric data, users receive approximately 25 Worldcoin, valued at around $137 currently.
Price Movement Amidst AI-Linked Crypto Rally: Benefiting from a broader surge in the prices of AI-linked cryptocurrency projects, Worldcoin experienced a remarkable 435% surge from its launch price of $2.17 on July 24 to its peak of $11.74 on March 10.

Worldcoin grew other 450% in six months: Source – CoinGecko
Recent Price Decline: Despite its previous upward trajectory, Worldcoin has witnessed a significant downturn in recent weeks, with its price plummeting by over 53% from its all-time high. Presently, it is being traded at $5.49.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#WLD #Worldcoin​ #Bitcoin #Ethereum $WLD $BTC $ETH

Bitcoin (BTC) witnessed mild losses despite a late comeback to the week-long bearish pressure. Meanwhile, artificial intelligence-focused altcoins Worldcoin (WLD) and SingularityNET (AGIX) recorded modest gains.
In contrast to Bitcoin’s downward trend this week, the global cryptocurrency market capitalization experienced a slight 1.26% uptick, adding over $30 billion to reach $2.4 trillion at the last check.
This rise was primarily fueled by the performances of prominent altcoins during the late-stage market resurgence.
This is how most of the mainstream cryptocurrencies performed this week:

BTC, WLD and AGIX prices – April 21 | Source: Santiment
Bitcoin retests $59k
Bitcoin began this week with the prevalent downtrend from the previous week, which saw it drop by over 5% in seven days.
Despite holding above the $65,000 threshold at the start of the week, the firstborn crypto immediately recorded steep declines, eventually closing below the 50-day EMA on April 16.
This marked the first time Bitcoin witnessed an intraday close below the 50 EMA since January, marking a shift in sentiments from bullish to bearish.
Amid the bearish pressure, BTC retested the $59,000 territory on April 17 for the first time since March 4, closing the day with a 4% drop despite summarily recovering the $60,000 zone.
Interestingly, the $59,000 zone served as Bitcoin’s launchpad to a rebound, with the asset recording a 3.65% gain on April 18.
The resurgence of bearish pressure did little to impede this newfound growth, as BTC sustained its winning streak until April 20, the day of the halving.
Bitcoin hit a high of $65,450 hours after the halving, but still traded at a loss on a weekly timeframe. The uptrend has cooled at the reporting time, with BTC changing hands at $64,962 at press time.
While this marks a mild 1.19% drop from its value at the start of the week, Bitcoin now trades above the 50-day EMA ($64,577).
AGIX breaches 3-week symmetrical triangle
SingularityNET was one of the biggest victims of the previous week’s downtrend, eventually breaking below its 50-day EMA on April 12 and collapsing to a six-week low of $0.6070 the day that followed. The downtrend spilled into this week despite a mild rebound, with AGIX dropping 5.41% on April 15.
Chart data confirmed that AGIX had been trading within a symmetrical triangle for the past three weeks, with the bears hedging against any upward breakout and the bulls leveraging the lower trendline as support. The AI-focused token continued to slump until it retested the support at $0.7666 on April 18.
Following this retest, AGIX staged a comeback with the rest of the market, but its bullish momentum was not apparent until April 20, when it spiked by 15.40% to eventually breach the upper trendline of the symmetrical triangle. This breach coincided with a push above the 50-day EMA. 
Despite a mild decline today, AGIX remains in an uptrend, leveraging the 0.382 Fibonacci retracement level ($0.9291) as support against any declines back into the symmetrical triangle. At its current position, AGIX must conquer Fib. 0.5 at $1.030 to reclaim and secure a position above the $1 mark.
WLD faces stern resistance at $6.09
Worldcoin, another AI-focused token, made some notable moves this week. Interestingly, despite starting the week with a 6.88% drop on April 15, Worldcoin remained in a consolidation phase, as it immediately recouped most of these losses in a 6.16% rebound the next day.
This tug-of-war between the bulls and the bears persisted until April 19. Going into the weekend, Worldcoin witnessed a massive 14.19% intraday gain on April 20 amid bullish sentiments from the Bitcoin halving. The Saturday rally saw it hit a one-week high of $5.66 before it faced a roadblock.
On-chain data from IntoTheBlock (ITB) shows that WLD might have difficulties recovering the $6 psychological threshold, which it gave up last week when it dropped 14.12% on April 12. To reclaim this level, WLD would need to breach a potent sell wall where 448 addresses purchased 268,340 tokens at an average price of $6.09.
Despite being 7% up this week, Worldcoin maintains short-term bearish sentiments. However, its daily relative strength index (RSI), currently at 42, suggests the cryptocurrency has more room for growth.
Currently trading for $5.5 at last check, WLD would need strength from the broader market to push above $6.
$AGIX $WLD #agix #WLD #Worldcoin​ $BTC #BTC

More than 2.4 million people have signed up to have their irises scanned by Worldcoin’s ”orb” devices in exchange for a digital ID and free cryptocurrency, shrugging off privacy campaigners' concerns that the database could be misused.Worldcoin, co-founded by Altman, says its aim is to create a global identity and financial networkWorldcoin, the cryptocurrency project set up by OpenAI CEO Sam Altman, aims to establish a global ID network akin to India’s Aadhaar biometric ID system, a senior employee told Reuters.More than 2.4 million people have signed up to have their irises scanned by Worldcoin’s ”orb” devices in exchange for a digital ID and free cryptocurrency, shrugging off privacy campaigners' concerns that the database could be misused.Worldcoin, co-founded by Altman, says its aim is to create a global identity and financial network, suggesting on its website a variety of ambitious use cases, including distinguishing people from artificial intelligence bots and providing a means for distributing universal basic income (UBI).The company’s head of product, Tiago Sada, told Reuters the company sought to emulate India’s Aadhaar system, which ascribes unique ID numbers, and records individuals’ fingerprints, face and iris scan.”A really good analogy for the type of impact something like Worldcoin can have is the Aadhaar project in India,” Sada, the company’s head of product, engineering and design, said.Various regulators, including in the United Kingdom and Germany, have said they were looking into Worldcoin following its launch in July.#BTC #SFM #Worldcoin​ #CryptoNews🔒📰🚫 #digital $BTC $XRP $USDC

Feast your eyes on this! A potential 10X profit rocket in the realm of crypto, courtesy of none other than OpenAI's CEO, Sam Altman. Meet Worldcoin (WLD), and buckle up because we're talking massive gains!

Here's the scoop: The initial batch of users, with a KYC cost of roughly 20U, received an airdrop of 25 WLD, making the cost per token a mere 0.8U. The predicted price for its Binance launch? 8U! You read that right, a potential 10X profit awaits!

And we're not stopping there. Our profit sights are set even higher:

🎯 Target 1: 10U

🎯 Target 2: 15U

🎯 Target 3: 20U

That's a potential increase of 25X for the early birds!

Let's dive a bit deeper into Worldcoin's distribution:

Total supply of 10 billion WLD: 75% for the community, 9.8% for the team, 13.5% for TFH investors, and 1.7% reserved by TFH.

More than 43 million WLD tokens were distributed before the launch.

However, the circulating supply is not just 43 million, but 143 million, thanks to a loan of 100 million WLD to market makers.

The 75% allocated to the community will be fully unlocked over a period of 15 years.

Remember, all investments carry risks, so proceed with a healthy dose of caution. But if you've got a knack for crypto opportunities with sky-high potential, Worldcoin is definitely a ride you don't want to miss! Ready to soar? 🚀💫💰

#Worldcoin​