The growing popularity of the token in Latin America attracted attention due to its increasing price rise. What are the characteristics and why were you interested in investing in the project.
The native token of worldcoin, Worldcoin (WLD), caused a sensation in the cryptocurrency market, demonstrating an impressive 80% increase in its value in the last two weeks. On September 13, the WLD token was trading at around $1, compared to its price of $1.84. In the last 24 hours, The increase is more than 10%.
This remarkable performance sparked the interest of both seasoned cryptocurrency enthusiasts and industry experts in the context of a global regulatory reaction which culminated in a ban in Kenya. But what factors are driving this rise and what does it mean for the Worldcoin project?
Worldcoin Price History
When Worldcoin made its debut in the cryptocurrency market in July 2023, It quickly attracted attention and began trading on several exchanges. On its first day of trading, the token’s price rose to an impressive high of $5,290 before settling at $2,161. Although this volatility level is common in the cryptocurrency world, particularly for new and highly anticipated projects, the token fell further below $1 following backlash from several regulatory bodies around the world.
During the following months, W.L.D. maintained a relatively stable trajectory, fluctuating between US$2,525 and US$0.972. However, in its recent performance, the token has found a resistance point in the medium term set at US$1,724. It is currently around $1,726, attracting a lot of attention as it aims to overcome this resistance, potentially paving the way for even higher ratings.
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Why is Worldcoin soaring?
The increase in WLD value can largely be attributed to increased trading activity on Binance, one of the leading exchanges. cryptocurrencies of the world.
Analysts have been closely monitoring this trading activity, and Riyad Carey, a distinguished cryptocurrency researcher, highlighted the recent entry of approximately $1 million into Worldcoin (WLD) on Binance in a period of just six hours on September 25. The move resulted in a notable 5% increase for the Worldcoin token.
Is Worldcoin worth investing in?
worldcoin It is distinguished from other cryptocurrencies by its innovative mechanism of “personality test”which leverages iris scanning biometric technology for identity verification.
This unique approach has allowed the project to achieve notable milestones, particularly in Chile, where it has obtained the participation of more than 1% of the country’s population, or 200,000 Chileans, to receive the Worldcoin subsidy in the form of WLD tokens.
The growing popularity of the token extends beyond the borders of Chile, reaching other Latin American countries that have warmly welcomed the project. Notably, in August, Worldcoin revealed that it had registered more than 9,500 Argentines in a single day, which equates to a check every nine seconds. This achievement is particularly notable given that at the time there were only four verification stations in Argentina.
Source: Ambito
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