Worldcoin (WLD) has experienced a remarkable 28% price increase in the past 24 hours, climbing to $2.81. This surge follows the platform’s rapid expansion of its identity verification initiative, World ID, which now spans over 40 countries. The project, co-founded by Sam Altman, offers decentralized biometric identity verification using iris-scanning Orbs.
New launches in Costa Rica, Poland, and Austria have contributed to Worldcoin’s global growth, despite ongoing regulatory scrutiny in countries such as Spain, Germany, and South Korea.
The expansion has been a key driver in the cryptocurrency’s recent surge. Over 16 million users have now been verified through Worldcoin, with CEO Alex Blania’s leadership playing a crucial role in the platform’s swift rise. As adoption grows, so does the appeal of the native WLD token, attracting both individual and institutional investors.
The recent surge in price is coupled with a significant boost in trading volume, which rose by 76.56% to $2.38 billion. Additionally, open interest, a key measure of market sentiment, increased by 38.51% to $346.38 million, signaling strong investor confidence.
Institutional participation has also seen an uptick, with transactions exceeding $100,000 amounting to $236.93 million in the past week alone. This growing interest from larger investors reflects optimism about Worldcoin’s long-term potential.
With WLD now testing the $3 mark, analysts are closely monitoring potential short-term resistance levels. However, technical indicators suggest continued positive momentum, indicating that the cryptocurrency could see further growth in the near future.
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