Worldcoin has risen for the third consecutive day following the expansion of its product launches to more countries.

Worldcoin Expands to New Markets

Worldcoin recently retested the crucial resistance level at $2, marking its highest point since August 2. The token has surged by over 54% from its lowest level in August.

In a recent statement, the developers announced the launch of World ID in Guatemala, Malaysia, and Poland. In addition to these countries, Worldcoin is now available in Argentina, Chile, Austria, Mexico, and the United States.

1 week, 3 World ID verification launches 🇬🇹🇲🇾🇵🇱

According to the developers, over 6.7 million World ID verifications have been completed, with 155,000 new accounts joining in the last seven days. Concurrently, the number of wallet transactions has risen to 142 million, and daily wallet transactions have soared to nearly 400,000.

Worldcoin’s Technological Advancements

Worldcoin, launched by Sam Altman, is also developing the World Chain, an Ethereum layer-2 network. Altman, co-founder and Chief Executive of OpenAI, the company behind ChatGPT, is spearheading this initiative.

The developers aim to reduce gas fees and streamline the scaling process with the launch of the chain. Additionally, the chain will incorporate World ID data to prevent automated bots, and verified users will share part of the gas fees generated by the network.

Data Privacy Concerns

A significant concern among users and policymakers is data privacy. For instance, World ID registrations were paused for several months in Kenya as thousands lined up for verification. Privacy issues also arose in places like Hong Kong and Portugal.

Worldcoin’s Market Performance

WLD’s recent rebound occurred after finding strong support at $1.3245, forming a double-bottom pattern. The coin has since risen above this pattern’s neckline at $1.95. The Average Directional Index has pointed upward, and WLD has moved to the upper side of the wide Bollinger Bands indicator. Additionally, the Relative Strength Index has risen to the overbought point of 70.

Worldcoin is likely to continue its upward trajectory, with the next reference level to watch being $3.25, its highest swing in July. This recovery will likely depend on the performance of other cryptocurrencies, especially Bitcoin. If Bitcoin reaches a new high, altcoins like WLD are expected to rally as well.

Stay updated with more cryptocurrency news and trends.

#BullMarket #Token #BitcoinPrice

Post Views: 5