Worldcoin, spearheaded by OpenAI chief Sam Altman, launched on Monday, 24 July 2023, after years in development, promising to verify users’ identity by iris-scanning and intending to solve one of the more pressing problems posed by recent advances in artificial intelligence. When it surged in price as an opening salvo, there was a flurry of criticisms about it, but a placating long essay by Vitalik Buterin seems to have illuminated naysayers.
WorldCoin, which has no relation to Altman’s Worldcoin, experienced a significant surge between May 15 and May 17, despite no new updates from the project. Instead, the surge likely came from the latest buzz around Altman’s project, leading to confusion among investors. The obscure token, launched in 2013 with a market cap of about $9 million, benefited from the success of its namesake. Altman’s Worldcoin has WLD as its native token, while WorldCoin (with a capital C) has WDC as its token, so please take note.
Given that a key use of the blockchain, the technology underpinning cryptocurrencies and other distributed networks, is to obscure one’s identity, others disagree with the very premise of Worldcoin being used to identify people in such a personal and precise manner. How do we weigh in? The crypto landscape is as wide as the creators, supporters, and dissidents will make of it. As bystanders, let’s take an objective look and decide if we want to cash in on this trending phenomenon.
How much is Worldcoin (WLD) Worth?
Today’s live Worldcoin price is $2.38, with a 24-hour trading volume of USD 389,847,656. Worldcoin is up 18.45% in the last 24 hours. The current CoinMarketCap ranking is #114, with a live market cap of USD 260,528,547. It has a circulating supply of 109,247,999 WLD coins and a max. Supply of 10,000,000,000 WLD coins.
Worldcoin price analysis: Bullish breakout propels WLD to highs of $2.51. Is it sustainable?
TL;DR Breakdown
- Worldcoin (WLD) has seen a significant rise in price over the past few hours.
- WLD is currently trading near the resistance level of $2.51.
- The key support of $2.0 has been held since the project went live.
The Worldcoin price analysis for July 26th shows the altcoin has formed a bullish breakout on the daily chart. The price has surged from its support of $2.0, pushing it to highs of $2.51 in a matter of hours. This sudden surge was preceded by significant consolidation around the $2.0 level within the last two weeks, indicating that bulls have been preparing for another move higher for some time now.
Worldcoin is trading at $2.37, up 16% in the last 24 hours. The coin has gained 47% since the beginning of July and is trading near the resistance level of $2.51. At the moment, Worldcoin is still highly volatile and could experience wild swings due to uncertainty in the market. However, it remains to be seen whether this surge is sustainable. For now, the key support of $2.0 has been held since the project went live, and a break below this level could lead to further losses for WLD.
WLD/USD daily chart technical analysis: Bullish candle formation on the daily chart
The Worldcoin price analysis on the daily chart reveals a strong bullish candle formation. Worldcoin (WLD), the native token of the “privacy-preserving digital identity (World ID)” project, founded by Sam Altman, one of the co-founders of OpenAI, experienced a significant surge in value after being listed on major crypto exchanges on July 24.
Currently, WLD is in a bullish trend and is trading near the resistance level of $2.51. If WLD can break this resistance, it could lead to further gains in its price. Surprisingly, this one-day performance surpasses that of well-established cryptocurrencies like Bitcoin (BTC), which has seen a decline to $29,207, Ether (ETH) at $1,853, and XRP (XRP) at $0.70, as well as the rest of the crypto market that faced a sell-off throughout the day.
Despite the remarkable price surge, some traders are expressing concerns regarding WLD’s circulating supply compared to its supply cap. Presently, only 1% of the total supply is in circulation, which results in Worldcoin’s fully diluted market capitalization exceeding an impressive $22 billion. This unique characteristic of the token has sparked discussions within the crypto sector, adding to the ongoing debates surrounding its performance and long-term potential.
The WLD/USDT pair is trading inside a pennant formation, which is a bullish indicator. If the pair breaks above $2.51, it could lead to further gains in its price, with a possible target of $3.5. On the other hand, if WLD fails to break the resistance level and drops below $2.0, it could face heavy losses in the near future.
WLD/USD 4-hour chart analysis: Potential reversal pattern
The WLD/USDT 4-hour chart shows a possible reversal pattern. The price is approaching the resistance level, and a break above this hurdle could lead to further gains. On the other hand, if the bears prevail and push the price beneath $2.0, it could result in heavy losses for Worldcoin holders.
WLD/USDT 4-hour chart: TradingView
A bearish histogram divergence has formed in the 4-hour chart, which is a bearish sign. If the histogram continues to decline, it could indicate bears are accumulating strength and may reverse the trend of WLD/USDT. A break below the $2.30 key support line could pave the way for losses in the coming sessions. For now, Worldcoin seems to be correcting itself after a strong surge. The bulls need to break the resistance of $2.51 to pave the way for further gains in the coming days.
What to expect from Worldcoin price analysis
Worldcoin price analysis shows a short-term bullish trend on the daily chart, while on the 4-hour chart, a bearish histogram divergence is forming. The WLD altcoin has broken out of a major resistance level, pushing it to highs of $2.51 in only a few hours. Although the breakout is significant and could lead to further gains in the near future, a major correction is expected before the price heads higher. The key support level of $2.0 must be held for WLD to continue its bullish trend in the long run.
Worldcoin Price Prediction for Tomorrow and Next Week
CoinCodex
According to Coincodex’s current Worldcoin price prediction, the price of Worldcoin is predicted to drop by -2.47% and reach $ 1.951305 by July 30, 2023. According to our technical indicators, the current sentiment is Bullish, while the Fear & Greed Index shows 50 (Neutral). Worldcoin recorded 1/1 (100%) green days with price volatility over the last 30 days. Based on our Worldcoin forecast, it’s a good time to buy Worldcoin.
Worldcoin Price Prediction 2024 – 2030
Cryptopolitan Worldcoin Price Prediction 2024 – 2030
| Year | Low | Average | High |
| 2024 | 1.77 | 2.355 | 2.94 |
| 2025 | 2.66 | 4.625 | 6.59 |
| 2026 | 2.78 | 3.255 | 3.73 |
| 2027 | 2.85 | 3.98 | 5.11 |
| 2028 | 4.56 | 4.855 | 5.15 |
| 2029 | 4.92 | 7.095 | 9.27 |
| 2030 | 5.24 | 5.935 | 6.63 |
Worldcoin Price Prediction 2024
Based on the historical price movements of Worldcoin and the BTC halving cycles, the yearly low Worldcoin price prediction for 2024 is estimated at $ 1.78. Meanwhile, the price of Worldcoin is predicted to reach as high as $ 2.94 next year. Worldcoin could gain 25.10% by 2024 compared to today’s price if WLD reaches the upper price target.
Worldcoin Price Prediction 2025
The Worldcoin price prediction for 2025 is currently between $ 2.66 on the lower end and $ 6.59 on the high end. Worldcoin could gain 179.95% by 2025 compared to today’s price if WLD reaches the upper price target.
Worldcoin Price Prediction 2026
The Worldcoin price prediction for 2026 is currently between $ 2.78 on the lower end and $ 3.73 on the high end. Worldcoin could gain 58.72% by 2026 compared to today’s price if WLD reaches the upper price target.
Worldcoin Price Prediction 2027
The Worldcoin price prediction for 2027 is currently between $ 2.85 on the lower end and $ 5.11 on the high end. Worldcoin could gain 117.44% by 2027 compared to today’s price if WLD reaches the upper price target.
Worldcoin Price Prediction 2028
The Worldcoin price prediction for 2028 is currently between $ 4.56 on the lower end and $ 5.15 on the high end. Worldcoin could gain 120.42% by 2028 compared to today’s price if WLD reaches the upper price target.
Worldcoin Price Prediction 2029
The Worldcoin price prediction for 2029 is currently between $ 4.92 on the lower end and $ 9.27 on the high end. Worldcoin could gain 294.47% by 2029 compared to today’s price if WLD reaches the upper price target.
Worldcoin Price Prediction 2030
The Worldcoin price prediction for 2030 is currently between $ 5.24 on the lower end and $ 6.63 on the high end. Worldcoin could gain 182.30% by 2030 compared to today’s price if it reaches the upper price target.
Worldcoin Price Prediction by Coincodex
Based on the historical price movements of Worldcoin and the BTC halving cycles, the yearly low Worldcoin price prediction for 2024 is estimated at $ 1.776928. Meanwhile, the price of Worldcoin is predicted to reach as high as $ 2.94 next year. Cryptopolitan’s Price Predictions is similar to CoinCodex.
What Is Worldcoin (WLD)?
The mission of the Worldcoin project is to build the world’s largest identity and financial network as a public utility, giving ownership to everyone.
The Worldcoin system revolves around World ID, a privacy-preserving global identity network. World ID enables users to verify their humanness online (“Proof of Personhood”) while maintaining their privacy through zero-knowledge proofs.
To engage with the Worldcoin protocol, individuals must first download World App, the first wallet app that supports the creation of a World ID. Individuals visit a physical imaging device called the Orb to get their World ID Orb-verified. Most Orbs are operated by a network of independent local businesses called Orb Operators. The Orb uses multispectral sensors to verify humanness and uniqueness, with all images being promptly deleted on-device per default (absent explicit consent to Data Custody).
All Orb-verified World IDs holders are entitled to claim recurring grants of free WLD tokens (WLD tokens are not available in the US; see the Worldcoin Tokenomics section of the project’s whitepaper for details). This has the potential to make WLD the most widely distributed digital currency.
Worldcoin Applications
The WLD token is designed as a utility token with governance properties, empowering users by giving them a say over the protocol’s future. Beyond conventional “one-token-one-vote” governance mechanisms, the introduction of World ID paves the way for “one-person-one-vote” mechanisms. These two mechanisms can also be combined to enable new ways of governance. After launch, the Worldcoin Foundation will solicit proposals and work with the community on how World ID and the WLD token should interact in Worldcoin’s governance model (see the project’s whitepaper for details on governance and decentralization).
The community of users will determine the token’s utility, but a few other use cases, in addition to governance, could emerge. For example, users may use the WLD token to pay for certain actions in World App or another wallet app, make other payments, or signal their approval for certain initiatives or causes.
WLD is an ERC-20 token on Ethereum. Individuals will receive their user grants on Optimism Mainnet. Therefore, most WLD transactions will likely take place on the Optimism network.
Who Are the Founders of Worldcoin?
Worldcoin was founded by Sam Altman, Alex Blania, and Max Novendstern (Max Novendstern left the project in July 2021). The most well-known of the co-founders, Sam Altman, is also the co-founder and current CEO of OpenAI and former president of Y Combinator, a startup incubator. Initial research and development for the Worldcoin project was conducted by Tools for Humanity (TFH) and other partners.
Worldcoin has raised over 250M USD across several funding rounds from investors such as a16z, Khosla Ventures, Bain Capital Crypto, Blockchain Capital, and Tiger Global.
What Makes Worldcoin Unique?
Worldcoin aims to build the world’s largest identity and financial network, achieving global adoption at a billion-people scale. In contrast to most other crypto projects, most WLD tokens will be given to individuals – simply for being human.
Using World ID, individuals can prove they are a real, unique human to any platform that integrates with the protocol, including web3 systems, social networking sites, and governmental programs. This will enable fair airdrops or token/NFT sales, protection against bots/Sybil attacks on social media, and the fairer distribution of limited governmental resources. Furthermore, World ID can also enable global democratic processes and novel forms of governance (e.g., via quadratic voting), and it may eventually support a path to AI-funded UBI.
Over two million people from more than 30 different countries across five continents have verified at an Orb during the pre-launch phase, which lasted from May 2021 until July 2023. At launch, Worldcoin begins the rollout of 1,500 Orbs across 35+ cities in 20+ countries to meet the global demand for World ID.
How Many Worldcoin (WLD) Tokens Are There in Circulation?
The initial total supply of Worldcoin is 10 billion WLD.
For 15 years following the launch, the supply cap is fixed to 10B WLD (enforced by the WLD smart contract). After 15 years, governance may decide to implement an inflation rate of up to 1.5% per year if it deems it necessary for the long-term sustainability of the protocol. Governance will also decide how to allocate these newly minted tokens (if any). The WLD smart contract enforces the inflation cap of 1.5% per year. Per default, unless changed via governance, the inflation rate is set to 0%.
The 10B WLD tokens are allocated to different stakeholders as follows:
- 75% of the WLD tokens are allocated to the Worldcoin community.
- 9.8% of the WLD tokens are allocated to the Initial Development Team.
- 13.5% of the WLD tokens are allocated to TFH Investors.
- 1.7% of the WLD tokens are allocated to the TFH Reserve.
The Worldcoin Foundation has formulated an aspirational token allocation goal to allocate at least 60% of all WLD tokens (coming from the Worldcoin Community pool) to individuals through user grants. See the Worldcoin Tokenomics section of the project’s whitepaper for details.
For live on-chain data about WLD, see this Dune dashboard.
How Is the Worldcoin Protocol Secured?
The WLD token contract is deployed on Ethereum Mainnet, and the token is bridged to the Optimism “layer 2” network. It, therefore, inherits the security properties of these two blockchains.
How to buy Worldcoin (WLD)?
If you want to know where to buy Worldcoin at the current rate, the top cryptocurrency exchanges for trading in Worldcoin stock are Binance, OKX, Bitrue, Bybit, and Bitget. You can find others listed on the CMC crypto exchanges page.
Source: https://www.cryptopolitan.com/worldcoin-price-prediction/