Blockchain-based biometric verification protocol Worldcoin (WLD) is reaching new heights as its price is currently trading at its new all-time high (ATH) of $7.48. Unlike many altcoins, whose prices are still reasonably below their best trading prices, Worldcoin has managed to reduce all losses thanks to a sustained bullish rally that has boosted the token up to 40% in the last 24 hours.
Blockchain-based biometric verification protocol Worldcoin (WLD) is reaching new heights as its price is currently trading at its new all-time high (ATH) of $7.48. Unlike many altcoins, whose prices are still reasonably below their best trading prices, Worldcoin has managed to reduce all losses thanks to a sustained bullish rally that has boosted the token up to 40% in the last 24 hours.
Worldcoin’s growth metrics are bullish on many sides, with trading volume increasing over 44% to $839,309,238. For the first time, WLD’s trading volume entered the top 10 even though the coin was ranked as the 79th cryptocurrency by market capitalization. With the current bullish sentiment, the cryptocurrency is up 177% in the last seven days and 184% in the last month.
Worldcoin as a project has the fundamentals to support the type of growth it has recorded so far; However, this parabolic run is due to the sustained hype associated with OpenAI, the Artificial Intelligence (AI) giant founded by Worldcoin co-creator Sam Altman.
OpenAI has just launched a new text-to-video generator called Sora, with advanced capabilities. The hype about what the future holds has led to more positive market sentiment towards WLD in general.
Worldcoin problems and adoption clues
Worldcoin has a mix of positive and negative histories, as its adoption soared to new heights over the weekend and its World App recorded daily active users of over one million in the last week.
In addition to this, Worldcoin has been facing intense regulatory scrutiny in recent months, with regulators in key European countries, Argentina, Kenya and Hong Kong, demanding the suspension of Worldcoin’s Orb verification over privacy concerns.
Amid these challenges, the verification project has not slowed down and with the current price growth, it is evident that the token is now appreciating around the world.
