Worldcoin (WLD) Price: Token Surges 105% Weekly as Trading Volume Reaches $4.23 Billion

TLDR

  • Worldcoin (WLD) has surged 21.16% in 24 hours and 105.81% over the last week, trading at $1.80
  • South Korean exchange Upbit listing WLD token is driving new liquidity in Asian markets
  • Technical indicators show strong bullish momentum with RSI at 61.81 and positive MACD
  • Eightco Holdings has invested $250 million in WLD as part of their treasury strategy
  • Price target of $4.00 has been set by analysts, a level last seen in December 2024

Worldcoin (WLD) is experiencing a dramatic price surge, with the token now trading at $1.80. The cryptocurrency has jumped 21.16% in the past 24 hours and an impressive 105.81% over the last week. Current market metrics show a 24-hour trading volume of $4.23 billion and a market capitalization of $3.64 billion.

The recent price action has been fueled by several key developments in the market. Most notably, South Korea’s largest cryptocurrency exchange, Upbit, has announced it will list the WLD token.

This listing on a major Asian exchange is expected to bring fresh liquidity to Worldcoin. The move opens access for Korean investors to one of the most discussed tokens in the crypto space.

Worldcoin was founded by OpenAI CEO Sam Altman with the vision of creating an identity and financial network built on blockchain technology. The project has gained global recognition for its unique approach.

The Upbit listing is viewed as part of a broader trend of Korean exchanges embracing Web3, digital identity, and artificial intelligence-related tokens. Market watchers see this development as reinforcing South Korea’s position as a focal point for Worldcoin adoption.

Technical Analysis Shows Strong Momentum

Technical indicators for WLD are showing strong bullish signals. The Relative Strength Index (RSI) has climbed to 61.81, well above the neutral 50 threshold, suggesting growing buying pressure.

The Moving Average Convergence Divergence (MACD) indicator has moved into positive territory. The MACD line at 0.08496 sits above the signal line at -0.05224, confirming the building bullish momentum.

WLD has broken through key resistance levels in recent trading. The token has reclaimed the $1.6484 resistance level, with strong support established at $0.5730.

Traders are now watching for potential consolidation near the $2.00 mark before further upward movement. Many are eyeing the $4.00 price target, a level last seen in December 2024.

Worldcoin Price on CoinGecko
Worldcoin Price on CoinGecko

Institutional Investment Drives Further Growth

In a major development, Eightco Holdings has announced a $250 million investment in Worldcoin as part of its treasury strategy. This move came through a private placement of 171,232,877 shares sold at $1.46, along with an additional $20 million investment led by BitMine.

This institutional backing represents a new demand driver for WLD and has contributed to the recent price surge. The market responded quickly to this news, with trading volumes jumping 257%.

Eightco’s investment joins a growing trend of companies building crypto treasuries to offer regulated exposure to digital assets through traditional markets. This approach reduces circulating supply while increasing institutional demand.

On the technical front, WLD has broken above its 200-day Exponential Moving Average and escaped a descending price channel. These are considered strong technical signals confirming a bullish reversal.

The Worldcoin project continues to focus on blockchain-based identity verification. By scanning users’ irises using devices called “orbs,” the project aims to create a global database of bio-signatures that provide verifiable “proof of humanity” in an AI-dominated world.

Analysts suggest that if the current momentum continues, WLD could see up to 92% upside potential in the near term, supporting the $4.00 price target.

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Source: https://blockonomi.com/worldcoin-wld-price-token-surges-105-weekly-as-trading-volume-reaches-4-23-billion/