{"id":576897,"date":"2024-02-26T06:20:16","date_gmt":"2024-02-26T06:20:16","guid":{"rendered":"https:\/\/ktsl888.com\/?p=576897"},"modified":"2024-06-11T07:55:35","modified_gmt":"2024-06-11T07:55:35","slug":"worldcoin-wld-climbs-300-in-last-10-days-as-market-cap-crosses-1-billion","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/worldcoin-wld-climbs-300-in-last-10-days-as-market-cap-crosses-1-billion\/","title":{"rendered":"Worldcoin (WLD) Climbs 300% In last 10 Days As Market Cap Crosses $1 Billion"},"content":{"rendered":"

Worldcoin (WLD), the cryptocurrency associated with the global identity project of the same name, has experienced a remarkable surge in recent weeks. Over a ten-day period ending February 22nd, WLD<\/a> witnessed a staggering 300% price increase, culminating in a new all-time high of $9. This unexpected rally has captivated the crypto community, raising questions about its sustainability and future prospects.<\/p>\n

Related Reading: Uniswap 71% Single-Day Rally Raises Eyebrows \u2013 Can DeFi Maintain Momentum?<\/a><\/div>\n

External Catalysts Fuel WLD’s Rise<\/strong><\/h2>\n

A confluence of external factors appears to have ignited the recent rally. The primary catalyst was the soft launch of SORA<\/a>, a revolutionary text-to-video AI model developed by OpenAI. News of SORA’s release sent shockwaves through the tech and crypto spheres, with WLD directly benefiting from the positive sentiment. Within four days of the announcement, the price of WLD skyrocketed by 150%, surging from $3 to $8.<\/p>\n

Worldcoin: Assessing Fundamentals<\/strong><\/h2>\n

While the recent surge is undoubtedly impressive, it’s crucial to examine Worldcoin beyond the temporary hype and assess its long-term fundamentals. While external factors undeniably played a significant role in the recent price rise, a deeper look reveals an underlying trend of user base and adoption growth.<\/p>\n

\"\"<\/p>\n

WLD price in contrast to total number of users. Source: Santiment<\/a><\/pre>\n
Prior to the price surge, Worldcoin had been steadily attracting new users, evidenced by the addition of 3,608 funded addresses since the beginning of the year. This growth brings the total number of addresses holding WLD to over 13,800, demonstrating a dedicated user base.<\/p>\n
Furthermore, the project has garnered significant global adoption, with over 3.5 million individuals from 120 countries signing up for World IDs, highlighting its potential for widespread use.<\/p>\n
<\/p>\n
Worldcoin is trading at $7.886 today. Chart: TradingView.com<\/a><\/pre>\n
Meanwhile, adding further fuel to the fire was the release of NVIDIA’s outstanding earnings report for the fourth quarter on February 21st.<\/p>\n
The chipmaker’s record-breaking performance instilled confidence in the broader technology sector, further propelling the token’s price. This positive spillover effect contributed to an additional 50% gain for WLD for the month alone.<\/p>\n
Looking Ahead: Navigating Volatility And Building Long-Term Value<\/strong><\/h3>\n
As the initial excitement surrounding SORA and NVIDIA’s earnings subsides, market analysts predict a potential pullback in the short term.<\/p>\n
Technical indicators suggest that WLD may have entered overbought territory, raising the possibility of a correction. If the crucial support level of $8 is breached, the price could drop towards $4.20, the previous peak before the rapid rally.<\/p>\n
Related Reading: Solana Poised For Major Comeback \u2013 Analysts Spot Breach Of $103<\/a><\/div>\n
However, bullish sentiment persists among some investors, particularly regarding the upcoming official launch of SORA. Successfully navigating the transition from hype to tangible utility will be crucial for Worldcoin’s long-term success.<\/p>\n
Breaking the psychological resistance level of $10 will be a pivotal milestone, but historical trends suggest a potential for rejection at this point.<\/p>\n
Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Worldcoin (WLD), the cryptocurrency associated with the global identity project of the same name, has experienced a remarkable surge in recent weeks. Over a ten-day period ending February 22nd, WLD witnessed a staggering 300% price increase, culminating in a new all-time high of $9. This unexpected rally has captivated the crypto community, raising questions about its sustainability and future prospects. Related Reading: Uniswap 71% Single-Day Rally Raises Eyebrows \u2013 Can DeFi Maintain Momentum? External Catalysts Fuel WLD’s Rise A confluence of external factors appears to have ignited the recent rally. The primary catalyst was the soft launch of SORA, a revolutionary text-to-video AI model developed by OpenAI. News of SORA’s release sent shockwaves through the tech and crypto spheres, with WLD directly benefiting from the positive sentiment. Within four days of the announcement, the price of WLD skyrocketed by 150%, surging from $3 to $8. Worldcoin: Assessing Fundamentals While the recent surge is undoubtedly impressive, it’s crucial to examine Worldcoin beyond the temporary hype and assess its long-term fundamentals. While external factors undeniably played a significant role in the recent price rise, a deeper look reveals an underlying trend of user base and adoption growth. WLD price in contrast to total number of users. Source: Santiment Prior to the price surge, Worldcoin had been steadily attracting new users, evidenced by the addition of 3,608 funded addresses since the beginning of the year. This growth brings the total number of addresses holding WLD to over 13,800, demonstrating a dedicated user base. Furthermore, the project has garnered significant global adoption, with over 3.5 million individuals from 120 countries signing up for World IDs, highlighting its potential for widespread use. Worldcoin is trading at $7.886 today. Chart: TradingView.com Meanwhile, adding further fuel to the fire was the release of NVIDIA’s outstanding earnings report for the fourth quarter on February 21st. The chipmaker’s record-breaking performance instilled confidence in the broader technology sector, further propelling the token’s price. This positive spillover effect contributed to an additional 50% gain for WLD for the month alone. Looking Ahead: Navigating Volatility And Building Long-Term Value As the initial excitement surrounding SORA and NVIDIA’s earnings subsides, market analysts predict a potential pullback in the short term. Technical indicators suggest that WLD may have entered overbought territory, raising the possibility of a correction. If the crucial support level of $8 is breached, the price could drop towards $4.20, the previous peak before the rapid rally. Related Reading: Solana Poised For Major Comeback \u2013 Analysts Spot Breach Of $103 However, bullish sentiment persists among some investors, particularly regarding the upcoming official launch of SORA. Successfully navigating the transition from hype to tangible utility will be crucial for Worldcoin’s long-term success. Breaking the psychological resistance level of $10 will be a pivotal milestone, but historical trends suggest a potential for rejection at this point. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":576943,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,83767,88685,83778],"class_list":["post-576897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-meme-coins","tag-wld","tag-worldcoin"],"acf":[],"yoast_head":"\nWorldcoin (WLD) Climbs 300% In last 10 Days As Market Cap Crosses $1 Billion<\/title>\n<meta name=\"description\" content=\"Worldcoin (WLD), the cryptocurrency associated with the global identity project of the same name, has experienced a remarkable surge in recent weeks. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Worldcoin (WLD) Climbs 300% In last 10 Days As Market Cap Crosses $1 Billion","url":"http:\/\/ktsl888.com\/news\/worldcoin-wld-climbs-300-in-last-10-days-as-market-cap-crosses-1-billion\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/worldcoin-wld-climbs-300-in-last-10-days-as-market-cap-crosses-1-billion\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/a_4070bf.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/a_4070bf.jpg?fit=2048%2C2048"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","meme coins","wld","worldcoin"],"dateCreated":"2024-02-26T06:20:16Z","datePublished":"2024-02-26T06:20:16Z","dateModified":"2024-06-11T07:55:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Worldcoin (WLD) Climbs 300% In last 10 Days As Market Cap Crosses $1 Billion\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/worldcoin-wld-climbs-300-in-last-10-days-as-market-cap-crosses-1-billion\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/worldcoin-wld-climbs-300-in-last-10-days-as-market-cap-crosses-1-billion\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/a_4070bf.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/a_4070bf.jpg?fit=2048%2C2048\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"meme coins\",\"wld\",\"worldcoin\"],\"dateCreated\":\"2024-02-26T06:20:16Z\",\"datePublished\":\"2024-02-26T06:20:16Z\",\"dateModified\":\"2024-06-11T07:55:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/a_4070bf.jpg?fit=2048%2C2048","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/576897"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=576897"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/576897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/576943"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=576897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=576897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=576897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}