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Worldcoin is a cutting-edge digital identification platform with the goal of giving people all around the world an easy way to confirm their human identity and set themselves apart from bots and AI systems. Sam Altman, the mind behind ChatGPT, co-founded the platform with Tools for Humanity.
Altman’s engagement, which is intriguing, brings to light the irony of his role in the AI gold rush, which Worldcoin seeks to stop. With the help of blockchain and cryptographic techniques, Worldcoin has developed a reliable digital passport system that makes use of the Worldcoin token.
What You Should Know About WLD
The World ID, a ground-breaking idea created to enable users to validate their human identity online while prioritizing privacy, forms the basis of the Worldcoin platform. This ground-breaking Proof of Personhood (PoP) makes use of the Orb, a state-of-the-art iris scanner.
Every person has a distinctive iris pattern that is similar to the individuality of their fingerprints. The complex iris structure is captured by the Orb as it scans a user’s iris, creating an IrisCode that serves as a unique identifying number. It’s important to note that this code is unrelated to any personal data and is just intended to stop one person from obtaining many World IDs.
Worldcoin’s Metrics
Worldcoin has a market capitalization of $267 million and a daily trading volume of $96 million. Furthermore, as contained in this token’s white paper, there are going to be 10 billion WLD tokens. However, out of the 10 billion, just 117 million WorldCoins are in circulation. Consequently, this attests to the young existence of this token.
Benefits of Holding the Worldcoin
One of the most important things about a token is its monetary value, especially for financial instruments such as cryptocurrencies. Also, there are some other factors that contribute to the intrinsic value of a cryptocurrency, such as the WLD token. One of these important factors is the utility of this token. Considering the Worldcoin project, one can see that it has a good course and stands to gain more popularity as countries may start utilizing it to solve identity or census challenges. Consequently, Worldcoin seems to represent a long-term investment opportunity. So holding it may bring more returns in the future.
Where to Buy the Worldcoin
Worldcoin may be purchased on a number of famous exchanges, including KuCoin, Binance, CoinEx, OKX, Bybit, Gate.io, and MEXC. Before selecting an exchange, it is crucial to conduct research and evaluate fees, security measures, and supported currencies, as there are significant variations between each. You should also be careful with other areas of purchasing and selling Worldcoin, including your investing strategy, crypto storage, and other related matters.
Worldcoin Price Analysis
Analyzing the WLDUSDT price action in the 4-hour market shows that the token’s short-term outlook is bearish. Since its launch on July 24, 2023, price action in this market has remained above the $2.25 price threshold. However, in the ongoing session, price action is already testing support at the $2.25 price level. Indications arising from technical indicators such as the Bollinger Bands and the Moving Average Convergence Divergence (MACD) are pointing out that this tested support may be broken shortly as bearish momentum is on the rise. Another bearish price candle has appeared below the middle limit of the Bollinger Bands. Meanwhile, the MACD lines continue to trend downward following a bearish crossover above equilibrium. As things stand, the price of Worldcoin may soon fall below the $2.25 mark.
What May Happen to the WLD Price in the Future?
In the meantime, there may not be significant price increases in the WLD token market. In fact, as seen on the 4-hour chart, prices may soon break down the psychological support that has been holding since July 30. However, long-term holders may record higher profits as the coin gains more popularity and acceptance.
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