- Worldcoin’s blockchain World Chain went live in the past day as per reports.
- The altcoin has factored in a 2.30% price dip in the last 24 hours.
The regulatory landscape in crypto has taken a turn for activity today, as several announcements have been made. The US SEC made a last-minute appeal in the Ripple case, while the FBI arrested the regulator’s January 2024 X account hacker. Meanwhile, prices have remained bullish but haven’t shown major upward movements.
On the other hand, the Worldcoin Foundation launched its World Chain on Thursday. During yesterday’s World event, Worldcoin rebranded to World, changing its X account handle and announcing several updates. According to the altcoin community’s announcement, all users officially migrated to the World Chain on October 17.
Furthermore, the altcoin’s foundation elaborated on the blockchain’s use cases in its announcement. The blockchain aims to hit 1 billion users and has integrated anonymous human verifications along with biometrics. Another important update from the World Foundation included its World App 3.0.
This upgrade includes a new feature – Mini apps. The new feature allows third-party apps to run inside the World App and also integrates anonymous World ID verifications. The crypto community has not yet begun actively responding to the recent updates. Moreover, the WLD token showed price drops in the last 24 hours.
Worldcoin Recent Price Action Overview
In the last 24 hours, Worldcoin sidetracked from its bullish trend to accommodate a brief price dip of 2.30%. The altcoin was trading at a high of $2.24 on October 17 morning, however, it began moving downwards to hit an intraday low of $2.08. At the time of writing, WLD was trading at $2.18 as per CMC data.
Zooming out, over the past week the altcoin surged by a significant 27% in prices. Its price movements began from the $1.7 level to a weekly high of $2.64. The altcoin has rendered increasing market attention due to the recent surges. On the other hand, its price dip in light of the recent announcements is intriguing.
Meanwhile, the crypto market has turned its attention to Donald Trump’s World Liberty Financial WLFI token.
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Source: https://thenewscrypto.com/worldcoins-world-chain-goes-live-as-it-rebrands-to-world/