Worldcoin (WLD) turned out to be the biggest gainer of the day, decoupling from a slightly bearish trend emerging among the largest of the cryptos like Bitcoin (BTC) and Ethereum (ETH). WLD price jumped by over 17% in the last 24 hours while BTC and ETH saw a marginal decline.
The fresh surge for WLD comes in as Worldcoin launched its World ID solution in Guatemala, Malaysia, and Poland. The protocol designed to verify human identity while ensuring privacy is gaining traction in major countries. It is already operational in the US, UK, Germany, and India.
Worldcoin reclaims $2 mark
Worldcoin reclaimed the crucial $2 mark for the first time since August. WLD has recorded a surge of 33% over the last 7 days, while it is still down by 25% in the last 90 days. Worldcoin is trading at an average price of $2.13, at press time with a trading volume of $429.2 million. It is still down by 82% from its all time high (ATH) of $11.82, recorded on March 10, 2022.
World ID orb verifications recently bagged the launch in three countries this week which guided the WLD price pump. It’s a permissionless protocol designed to help users prove they’re human online while keeping their privacy intact. It is expected to be a big step towards enhancing digital security.
1 week, 3 World ID verification launches 🇬🇹🇲🇾🇵🇱 pic.twitter.com/CwwNPNUPzh
— Worldcoin (@worldcoin) September 25, 2024
Worldcoin also tested a new face authentication feature, verifying user identity using data previously stored on the orb. It mentioned the proof of humanness is expanding and more World ID launches in Europe and South America show how relevant the ability to differentiate between bots and humans online has become.
It highlighted that Worldcoin also announced the test launch of its new Face Auth feature last week. It was accompanied by the release of the Worldcoin privacy whitepaper.
OpenAI’s restructure fuels the surge
WLD’s wild surge is also backed by the fresh OpenAI moves. The AI linked is reportedly shifting gears to restructure its core business into a for-profit benefit corporation. It is moving away from control by its non-profit board.
The non-profit will remain in the picture and will hold a minority stake in the new for-profit entity. This hybrid model aims to balance profit-making with its original mission.
Most importantly, CEO Sam Altman will gain equity in the for-profit company for the first time. This could turn out to be a game-changer as estimates suggest the company could be worth $150 billion post-restructuring.
Source: https://www.cryptopolitan.com/worldcoin-wld-soars-17-but-why/