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Cryptocurrency News Articles
Worldcoin (WLD) Launches in More Countries, Retests $2 Resistance Level
Sep 26, 2024 at 01:03 am
Worldcoin (WLD) retested the important resistance level at $2, its highest point since Aug. 2. The token has surged by over 54% from its lowest level in August.
Worldcoin (WLD) price enjoyed a third consecutive day of gains on Monday as developers announced expanded product launches.
The token enjoyed gains of over 54% from its lowest level in August, and it encountered fresh resistance at $2, the highest level since Aug. 2.
In other news, the developers announced the launch of World ID in three new countries and revealed that over 6.7 million World ID verifications had been made.
World ID launches in 3 more countries
Developers announced the launch of World ID in Guatemala, Malaysia, and Poland via Twitter on Monday.
Together with these launches, Worldcoin is now available in 9 countries, including Argentina, Chile, Austria, Mexico, and the United States.
According to the Worldcoin website, over 6.7 million World ID verifications have been carried out by developers, with 155,000 accounts being created in the last seven days.
Simultaneously, the number of wallet transactions has risen to 142 million, while daily wallet transactions have soared to nearly 400,000.
As Sam Altman's Worldcoin prepares for the launch of the World Chain, an Ethereum layer-2 network, and expands its reach, let's take a closer look at some interesting statistics:
- World ID verifications: Over 6.7 million
- New accounts created (last 7 days): 155,000
- Total number of wallet transactions: 142 million
- Daily number of wallet transactions: Almost 400,000
Worldcoin, launched by Sam Altman, is also working on the World Chain, an Ethereum (ETH) layer-2 network. Altman is the co-founder and Chief Executive of OpenAI, the company behind ChatGPT.
The developers hope that launching the chain will lower gas fees and ease the scaling process. Also, the chain will incorporate World ID data to prevent automated bots. Also, verified users will share part of the gas fees the network generates.
A key concern among users and policymakers is about data privacy. For example, World ID registrations were paused for a few months in Kenya as thousands of people lined up to be verified. It also encountered privacy issues in places like Hong Kong and Portugal.
WLD price may rally to $3.25
An analysis of the WLD/USD chart on the daily timeframe shows that the token bottomed out after finding strong support at $1.3245, forming a double-bottom pattern.
The coin has since risen above this pattern's neckline at $1.95. The Average Directional Index has pointed upward, while WLD has moved to the upper side of the wide Bollinger Bands indicator. Additionally, the Relative Strength Index has risen to the overbought point of 70.
If buyers can maintain the momentum, we can expect Worldcoin to continue rising, with the next reference level to watch being $3.25, which marks its highest swing in July.
This recovery will likely depend on the performance of other cryptocurrencies, especially Bitcoin (BTC). If Bitcoin reaches a record high, as Polymarket users predict, altcoins like WLD will also rally.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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