Worldcoin (WLD) Price Skyrockets 28% in 24 Hours as Identity Verification Project Expands to 40 Countries

Worldcoin (WLD) has seen a remarkable 28% price surge in the last 24 hours as its identity verification project, World ID, expands to over 40 countries.

Worldcoin (WLD) price surged by an impressive 28% over the last 24 hours on March 22 as its decentralized identity verification project, World ID, now spans over 40 countries.

Launched in 2020 by Sam Altman, Worldcoin aims to provide a decentralized and universal digital identity solution. The platform uses biometric data through iris-scanning Orbs to carry out the identity verification process.

Despite regulatory concerns in several countries, including Spain, Germany, and South Korea, Worldcoin continues to expand its global presence. Recent launches in Costa Rica, Poland, and Austria have further increased the platform’s reach.

As Worldcoin expands, the native token, WLD, has gained significant popularity, piquing the interest of both individual and institutional investors.

This recent 28% surge in WLD price was accompanied by a sharp increase in trading volume, which surged by 115% to reach $1.43 billion.

Furthermore, open interest rose by 38.51% to reach $346.38 million, indicating optimism among investors and potentially supporting further price increases.

Institutional interest in WLD is also evident, with large transactions above $100,000 amounting to $236.93 million over the past week.

The surge in large trades showcases confidence from major investors in Worldcoin’s long-term potential.

As WLD continues to rally, the next key price level to watch is $3. While some analysts anticipate potential short-term resistance at this level, the overall market sentiment remains bullish.

Technical indicators, including the Money Flow Index and Chaikin Money Flow, suggest that the cryptocurrency is poised for further growth.