Coinspeaker
Worldcoin (WLD) Price on Brink of Bullish Rebound amid Growing Global Adoption of World ID
The Worldcoin (WLD) network has grown into a major proof-of-humanness technology around the world in the past year. The blockchain-based protocol, which relies on the $WLD coin to incentivize new users of the network, has so far registered more than 6.6 million global users.
The palpable growth in the Worldcoin protocol can be attributed to the vibrant community of developers led by Sam Altman, a co-founder and CEO of AI firm OpenAI.
Recently, the Worldcoin network extended its reach from the Ethereum (ETH) ecosystem to the Solana (SOL) ecosystem to ensure seamless global adoption.
Worldcoin Project Determined to Grow Globally
Despite the regulatory hurdles facing the use of the Orbs tool to collect personal data in some jurisdictions, World ID has continued to grow exponentially in the recent past. Earlier today, the Worldcoin team announced that more Orbs tools will be delivered globally to expedite the registration process in the near term.
In the past seven days, the World App registered more than 113k new accounts from more than 160 countries.
In the latest bid to legally expand its market reach, the Worldcoin organization announced that its Orbs tools will be available in Warsaw, Poland. As a result, World ID will be more available in the European market, which has already issued clear web3 and crypto regulations.
“..Polish citizens are not only encountering AI-powered bots much more frequently online but, more often than not, reporting these as negative experiences. Innovative solutions like World ID can help differentiate between bots and humans online while preserving people’s anonymity,” Worldcoin noted.
In mid-July, Coinspeaker reported that the Worldcoin network had expanded its operations in Austria. Since then, the Worldcoin network has added more than 300k users.
The Worldcoin network has also registered a notable entry into the Asian market, whereby the firm partnered with the applied research and development arm of the Malaysian government to bring digital proof of humanness to the country.
The Worldcoin project is expected to play a crucial role in the mainstream adoption of web3 protocols around the globe in the near term.
Furthermore, the users have the ultimate power over the collected data, which is stored in a cryptographic database.
Midterm Impact on WLD Price
In the past six months, WLD price has dropped more than 85 percent to trade at about $1.46 on Wednesday, September 18. The altcoin, with a fully diluted valuation of about $14.5 billion and a daily average traded volume of around $175 million, has however been signaling a potential reversal in the near term.
In WLD’s weekly time frame, the Relative Strength Index has been forming a bullish divergence on a falling market. Additionally, the altcoin is on the cusp of breaking out of a macro-falling logarithmic trend.
Worldcoin (WLD) Price on Brink of Bullish Rebound amid Growing Global Adoption of World ID
