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 potentially solving 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 objectively decide if we want to cash in on this trending phenomenon.
The live Worldcoin price today is $3.50 USD with a 24-hour trading volume of $116,811,435 USD. Worldcoin is up 3.33% in the last 24 hours. The current CoinMarketCap ranking is #142, with a live market cap of $363,701,992 USD. It has a circulating supply of 103,961,019 WLD coins and a max. supply of 10,000,000,000 WLD coins.
Worldcoin price analysis: WLD corrects higher at $3.57 after breaking below the $4.0 level
TL;DR Breakdown
- Worldcoin price analysis shows an uptrend
- WLD has formed higher lows from the $3.00 support level
- WLD corrected higher above the $3.50 resistance level
After breaking below the $4.0 level, Worldcoin (WLD) has shown signs of a potential uptrend in its price analysis. The cryptocurrency saw a dip in value recently, but it has corrected itself and traded above the $3.50 resistance level. Despite the recent dip in its price, Worldcoin has shown resilience by forming higher lows from the $3.00 support level. This indicates that buyers are still in the market and willing to push the price back up. Worldcoin is up by 4.39%, currently trading at $3.52, according to data from CoinMarketCap.
WLD forms higher lows, indicating a potential uptrend
In the past few days, Worldcoin has been trading in a range between $3.00 and $4.00. However, on December 6th, the cryptocurrency broke below the $4.00 level and fell to a low of $3.09. This dip was short-lived, as the price quickly recovered and formed a higher low at $3.10. Since then, WLD has been steadily climbing back up, forming higher lows at $3.20 and $3.35 before finally breaking above the $3.50 resistance level.
The key support levels are now at $3.50, $3.35, and $3.20, while the resistance levels are at $3.70 and $4.00.
Technical indicators show bullish signals for WLD
The Moving Average Convergence Divergence (MACD) indicator shows that the cryptocurrency is still in bullish territory as it continues to trade above the zero line. This indicates that the buying pressure is still present in the market.
The Relative Strength Index (RSI) also shows a bullish signal as it approaches the overbought zone. However, traders should keep an eye on this indicator as it may indicate a potential pullback if it moves into the overbought territory.
The moving averages are also showing an uptrend, with the 50-day moving average (MA) currently trading above the 100-day MA. This is another bullish sign for WLD.
If Worldcoin manages to break above the $3.70 resistance level, it could continue its uptrend and potentially reach the $4.00 level once again. However, if the buying pressure weakens and WLD falls below the key support level of $3.50, it could see a dip towards the $3.20 support level.
Worldcoin price analysis on a 4-hour chart: WLD shows bullish momentum
On the 4-hour chart, WLD has formed an ascending triangle pattern, which is a bullish continuation pattern. This further supports the potential uptrend in Worldcoin’s price. The Fib retracement level shows that WLD has already broken above the 50% retracement level and is currently testing the 61.8% level at $3.59.
Out of the 24 technical indicators,13 signal buy, with 10 neutral, and only 1 sell. This further strengthens the bullish sentiment for WLD. The key support is present at EMA 30 ($2.90)and EMA 200 ($2.48), while the key resistance is present at EMA 50($3.62) and SMA 50 ($3.47). The key barrier level at EMA 100 ($3.89) is also present above SMA 50($3.47) which will be tested if the uptrend continues.
Worldcoin recent news
Resumption of operations with enhanced data security in Kenya
Worldcoin is set to resume its operations in Kenya early in 2024 following successful negotiations with the Kenyan government. This decision comes after a temporary suspension of the project in August, primarily due to concerns over data security. The revival of Worldcoin’s activities in Kenya marks a significant step in the project’s global expansion, especially in the cryptocurrency space.
New guidelines and expansion plans
Highly placed sources within the Kenyan government have confirmed that Worldcoin will restart its activities under new, stricter guidelines. These guidelines are in response to the evolving regulatory landscape in Kenya, particularly concerning data protection. As part of its compliance, Worldcoin plans to expand its operations to more locations across the country, thereby strengthening its user base in Kenya.
Previous challenges and government scrutiny
Worldcoin faced considerable scrutiny over privacy issues related to its unique verification process, which involved iris scanning to obtain a digital identity known as World ID. The Kenyan government had halted all related activities of Worldcoin until it could ensure the safety and legality of the data collection process. In response to these challenges, Alex Blania, CEO of Worldcoin, emphasized their focus on privacy and expressed optimism in navigating these regulatory challenges.
Forensic analysis and compliance efforts
The Kenyan government, led by Interior Cabinet Secretary Kithure Kindiki, has been vigilant about citizen data protection and the legality of Worldcoin’s operations. A detailed forensic analysis was conducted on the hardware components used by Worldcoin to ensure compliance with national laws. This reflects the government’s commitment to scrutinizing investments in the crypto sector to protect its citizens.
World ID 2.0 and global integration
In response to the challenges faced, Worldcoin has upgraded to World ID 2.0, which enhances the system’s ability to distinguish between bots and verified humans, thus improving security and functionality. The integration of World ID 2.0 with platforms like Minecraft, Reddit, Telegram, Shopify, and Mercado Libre signifies a major step in Worldcoin’s global deployment strategy.
Global reach and adoption
Despite the setbacks, Worldcoin has achieved a substantial reach globally, with close to 5 million people possessing a World ID, of which 2.6 million are verified users. In Kenya alone, over 635,000 people have downloaded the crypto app, with many still in the process of completing their identity verification. This widespread adoption underscores the growing global interest in cryptocurrency and digital identities.
Recent developments around Worldcoin include
Recently, Sam Altman, co-founder of Worldcoin and former CEO of OpenAI, has been at the center of significant market movements following his departure from OpenAI and subsequent announcement of joining Microsoft to lead an advanced AI research team. This news, tweeted by Microsoft CEO Satya Nadella, has positively impacted the price of Worldcoin, driving it from a low of under $1.8 to approximately $2.3. Despite speculation about his return to OpenAI, where Twitch Co-Founder Emmett Shear serves as interim CEO, Altman’s focus appears to remain on his new role at Microsoft and continuing leadership of Tools for Humanity, the development arm behind Worldcoin.
Worldcoin has recently launched the Worldcoin Community Grants Program, Wave0. This program, open for applications from December 6 through December 22, 2023, is geared towards supporting innovative projects that align with Worldcoin’s vision and objectives. The announcement of the grant recipients is slated for January 2024, marking a significant step in Worldcoin’s commitment to fostering community-driven development and research within the crypto ecosystem.
Worldcoin’s Controversies, Skepticism, and the Reality of Post-Launch Sign-ups
Worldcoin has been the subject of controversy and skepticism due to privacy concerns. The registration process requires users to scan their iris using a device called “The Orb,” which is available at specific locations globally. After human verification, users receive a “World ID” and 25 WLD, the project’s native token, valued at approximately $60. The safety of “The Orb” and the handling of sensitive data have been questioned, with notable individuals like Jack, the former CEO of Twitter, and Vitalik Buterin, the co-founder of Ethereum, voicing their concerns.
The project boasted an impressive 2 million sign-ups before its launch. However, the numbers post-launch tell a different story. Hong Kong, one of the cities with the highest number of sign-ups, reported about 600 sign-ups across three designated locations on the first day. Heather Huang, an operator of one of the Orbs in the city, claimed that these 600 sign-ups made up nearly half of the total Worldcoin sign-ups on launch day. If true, this suggests that only around 1,200 people signed up on launch day, a figure significantly lower than the pre-launch claims.
Worldcoin’s co-founder and Open AI CEO, Sam Altman, seemed to respond to the alleged decrease in sign-ups by tweeting a video of numerous users lining up to sign up at what appears to be one of “The Orb” locations. He captioned the video: “Day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now.” This tweet sparked reactions, with some suggesting that users were signing up for the monetary incentive (the 25 WLD tokens received upon sign-up) without considering the potential consequences. A user, @_whitneywebb, tweeted: “One person is willing to sell their soul every 8 seconds for a shitcoin and a cattle tag. Extreme clown world alert.”
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.
Worldcoin price Prediction by FX Street
FX Street’s analysis of Worldcoin (WLD) suggests a potential consolidation outlook. They indicate that investors can expect a retracement to the $3.504 and $3.243 levels, which correspond to the 50% and 62% retracement levels respectively. This retracement is seen as a normal part of the cryptocurrency’s trading cycle, and overcoming these levels could lead to further gains.
Worldcoin price Prediction by DigitalCoinPrice
According to DigitalCoinPrice, Worldcoin (WLD) has varied price predictions for the short term and long term. In the short term, by the end of 2025, Worldcoin is forecasted to reach a value of approximately $0.0316, indicating a substantial increase of 244.75% from its current value. For the longer term, specifically by 2028, DigitalCoinPrice predicts a more ambitious target for Worldcoin, expecting it to cross a price level of $20.43. These predictions suggest a significant growth trajectory for Worldcoin, reflecting the potential for increased adoption and market presence.
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.
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.
