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Worldcoin (WLD) has been on a rollercoaster ride the past few months. After hitting an all-time high of nearly $12 in March, the coin embarked on a downward spiral, plummeting over 60% in the last three months.
Though WLD's price is starting to recover, data revealed that it may not retest the highs of March just yet.
The cryptocurrency market experienced renewed supply pressure this week as the leading digital asset, Bitcoin, plunged below $60000. This breakdown signalled the continuation of a correction trend for most of the major altcoins. Defying the bearish influence, the Worldcoin managed to stabilize above 2.13% and showed a 4% to challenge overhead resistances.
In times when bearish clouds are hovering over the crypto markets, Worldcoin (WLD) is displaying significant strength. The price has bottomed and seems to be preparing for a huge bullish move, which may uplift the token above the bearish influence. Meanwhile, the bearish possibility may persist while the dominance continues to be in their favour.
WLD, the native token of the digital identification platform Worldcoin, has emerged as the top gainer among the leading 100 cryptocurrencies, with a surge of 9% over the last day.
Worldcoin's long-term success may depend on its ability to address the concerns raised by various jurisdictions regarding its data practices.
The crypto prices today have mainly taken a significant bearish direction, keeping traders and investors on edge. Bitcoin's (BTC) price stooped as low as the $58K mark in the past 24 hours, while top altcoins Ethereum (ETH), Solana (SOL), and XRP mirrored this downtrend.
The Sam Altman's crypto Worldcoin, WLD is under a corrective phase since it reached ATH on March 10, nearly 50% down in a month. The WLD Price is hovering near an 8-month low of $2.1, anticipating a pullback by historical buy the dip zone and prevent further decline.
Tools for Humanity (TFH), a key contributor to the Worldcoin project, has recently announced the hiring of four new executives from tech giants like Google, X (formerly known as Twitter), and Apple.
Despite the massive drawdown, Worldcoin's (WLD) price could be looking at recovery should the investors opt to accumulate.
A significant contributor to Sam Altman's Worldcoin project, Tools for Humanity, has recently made global headlines by hiring former Google, Apple, and X employees. According to numerous reports surfacing across the market, the firm hired four key executives to streamline privacy, security, and identity management on the network.
Four former Apple, Google, Meta, Tesla and X executives have joined Tools for Humanity, a core contributor to Sam Altman's Worldcoin project.
Tools for Humanity (TFH), a contributor to the Worldcoin project, hired four executives to advance its mission to ensure a more just economic system, the company said on Tuesday.
This episode of Decentralize with Cointelegraph explores how Worldcoin is pioneering the future of digital identity through its innovative use of biometric orbs and the revolutionary proof of personhood concept.
With the innovation of artificial intelligence, the crypto market has found a new pivot with AI tokens. Staging a bull run ever since the release of ChatGPT, AI tokens are the new craze in the crypto market, following the meme coin mania.
Worldcoin (WLD) anticipates a rebound as TD Sequential issues a buy signal. Analysts predict a rise above $3, despite a recent 11% decline and overall market recovery.
Apart from the indicators, Worldcoin's strong correlation with another cryptocurrency supports its bullish bias.
Here is how some of your favorite assets concluded the week.
Wordcoin (WLD) price has been on a bearish trend in the last week, with the bulls losing golf of the $2.80 support. Despite this 11% decline, crypto analysts suggest that selling pressure may be dwindling, and a WLD price rebound may be looming.
Worldcoin announced the selection of 17 grantees for Wave1 of its Community Grants Program aimed at empowering Wormhole and other passionate cross-chain protocol builders. Wormhole expressed their excitement about being part of the Worldcoin Tech Tree that would oversee the advancement of Secure Multi-party Computation (SMPC).
Wormhole secures a grant to integrate Worldcoin's World ID with Solana, enhancing cross-chain identity verification.
Worldcoin (WLD) has revealed the recipients of its Wave1 Community Grants, aiming to drive innovation across various tech domains.
The Worldcoin Foundation announced a $70,000 grant to Wormhole to support WorldID verification on the Solana blockchain. In a June 27 statement, Worldcoin said the ID integration effort will “equip the Solana ecosystem with a much-needed tool” for proving humanness.
Wormhole will tap Solana-based protocols to verify user's Worldcoin World IDs that were originally verified on Ethereum.
