Worldcoin Sees Strong Gains as Crypto Market Recovers
Worldcoin (WLD) has been on a four-day winning streak as teh crypto market bounces back. The token reached $1.19 on Saturday adn is now trading at about $1.08.this uptick aligns with the broader recovery in Bitcoin (BTC), altcoins, and U.S. stocks.
Worldcoin’s rise was fueled by a whale buying over $1.5 million worth of tokens. Whales, or large investors, are often seen as market leaders. Their interest suggests confidence in the project. Sam Altman, CEO of OpenAI, backs worldcoin. Its recent surge reflects growing interest in the project.
Worldcoin’s growth is also linked to increased adoption in Asia. Singapore saw 15,800 new users, hitting 100,000 verifications. South Korea and Japan also showed strong growth. In South Korea, verifications surpassed 10,000 in three weeks. Japan crossed 100,000 verifications. These numbers show strong regional support.
Partnerships boosted adoption. In South Korea,Worldcoin teamed up with SuperWalk,a move-to-earn app. In Japan,it partnered with firms like Hakuhodo and SARAH. These moves highlight the platform’s expanding reach.
Technical indicators are bullish. The Relative Strength Index is at 76, suggesting further gains. Bulls may target $2, a 77% increase from current levels.
Worldcoin aims to create a global identity network using iris scans. The World ID is a digital passport for verified users. The project faces privacy concerns but has backing from major investors. The debate around Worldcoin highlights the tension between AI-driven identity verification and personal privacy.
