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. The platform, co-founded by Sam Altman, uses biometric data through iris-scanning Orbs to provide secure, decentralized identity verification.
Recent launches in Costa Rica, Poland, and Austria have further increased Worldcoin’s global presence, despite regulatory concerns in places like Spain, Germany, and South Korea.
Sam Altman recently celebrated the project’s rapid growth, noting that over 16 million users have been verified. Worldcoin’s expansion, led by CEO Alex Blania, has been instrumental in driving the recent surge in the value of cryptocurrency.
As the platform grows, the native token WLD has become more popular, attracting the attention of both individual and institutional investors. WLD’s 28% price jump coincides with a sharp increase in trading volume, which has risen by 115% to $1.43 billion.
Open interest, a measure of market confidence, also grew by 38.51% to $346.38 million. This suggests that investors are optimistic about Worldcoin’s future and could support continued price increases.
Institutional interest in WLD is on the rise, with large transactions above $100,000 reaching $236.93 million in the past week. The surge in big trades signals confidence from major investors in Worldcoin’s long-term potential.
As WLD continues to rise, the next key price level to watch is $3. While some analysts warn of potential short-term resistance at this point, the overall market sentiment remains bullish.
Technical indicators, such as the Money Flow Index and Chaikin Money Flow, also suggest the cryptocurrency is poised for further growth.
Also Read: ACT Token Surge 2000% After Binance Listing
