Worldcoin Price Prediction: WLD Price To Explode?
During the recent market downturn, Worldcoins price quickly changed direction after reaching a peak of $11.97. In just two weeks, the value of WLD dropped by more than 30%, now standing at $8.12, while the market cap fell to $1.27 Billion. Yet, the recent develoopment could trigger the WLD price. Is WLD price about to explode and reach $15? Lets take a look at this Worldcoin price prediction article in more detail.
Worldcoin Price Prediction: How has the WLD price moved in recent days?
On March 10, 2024, Worldcoin hit its peak price, reaching an all-time high of $11.78. Conversely, its lowest price was recorded on September 13, 2023, plummeting to an all-time low of $0.974102. Following its peak, the lowest price experienced since then was $7.32, marking a cycle low, while the highest price observed since the last cycle low was $8.41, representing a cycle high. Presently, the sentiment surrounding Worldcoins price prediction is optimistic, and the Fear & Greed Index indicates a level of 73, signaling greed among investors.
Regarding its current status, Worldcoin is priced at $8.12, with a 24-hour trading volume of $1.00 billion. Its market cap stands at $1.27 billion, and it holds a market dominance of 0.05%. Over the past 24 hours, the price of WLD has risen by 3.84%. Additionally, out of a maximum supply of 10.00 billion WLD, there are currently 155.92 million WLD in circulation.
Why Worldcoin price is Rising?
On Friday, the Worldcoin Foundation, led by Sam Altman, co-founder, and CEO of OpenAI, announced its decision to open-source key elements of its Orb technology.
This initiative aims to promote transparency and encourage collaborative development. Worldcoin emphasized that anyone can now review the code for its Orb eye scanners, emphasizing a commitment to openness and community involvement.
Worldcoin stands as an independent cryptocurrency initiative, distinct from OpenAI, with a mission to create a universal identification standard aimed at verifying individual identity to counteract automated bots. Founded by Altman and Alex Blania, it initially debuted as Tools for Humanity in January 2023. Subsequently, in July, Worldcoin introduced its WLD token on the Optimism mainnet, marking a significant milestone in its journey.
How High Can Worldcoin Price go?
The decision by the Worldcoin Foundation to open-source key components of its Orb technology signifies a move towards greater transparency and collaboration within the cryptocurrency community. This initiative could potentially have a positive impact on the Worldcoin price prediction for several reasons.
Firstly, increased transparency often fosters trust among investors and stakeholders, which could lead to greater confidence in the project and its underlying technology.
Additionally, by allowing anyone to review the code for its Orb eye scanners, Worldcoin is inviting developers to contribute to the projects development, potentially leading to innovations that enhance the utility and value of the WLD token.
Furthermore, the emphasis on community involvement aligns with the decentralized ethos of cryptocurrencies, attracting a broader user base and increasing demand for the token.
As a result, the WLD token may experience upward price movement in response to these positive developments, reflecting investor optimism about the projects future prospects.
In the last 30 days, Worldcoin has experienced 15 consecutive days of positive price movement, indicating a significant bullish trend, with gains covering 50% of the observed period. Moreover, the cryptocurrency is currently trading close to its cycle high, suggesting strong investor confidence and momentum.
Additionally, Worldcoin boasts high liquidity, as evidenced by its substantial market capitalization, which indicates ample opportunities for trading and investment.
These factors combined could contribute to sustaining or even further boosting Worldcoins price in the near term, as it continues to attract interest from traders and investors alike.
Based on forecasts, WLD is expected to fluctuate between $8.11 and $9 this week. If it reaches the upper end of this range, Worldcoin might see a gain of over 5%, reaching $9.
Looking ahead, during both pre- and post-Bitcoin halving periods, Worldcoins trading range could span from $8.11 to $37. Should it reach the higher end of this range, WLD could potentially surge by more than 350%, hitting $37.
These projections offer insights into potential price movements and highlight the significant growth opportunities that Worldcoin may present in the coming periods.
Where to Buy Worldcoin (WLD)?
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Read more: https://cryptoticker.io/en/worldcoin-price-prediction-wld-explode/
Text source: CryptoTicker
