Can WorldChain Bring Big Change?
Following the conversion of Worldcoin to World, the token price has dropped by ~4% in the last 24 hours. Despite this short-term setback, significant updates such as the unveiling of Orb 2.0 and the release of the Worldchain Layer-2 blockchain suggest that WLD may be positioning itself for a strong bullish reversal in the near future.
With increasing uncertainty in the broader crypto market, is it time to grab WLD tokens? Could the Worldchain update act as a catalyst for future price rallies for this promising altcoin?
WLD price records have increased price volatility!
Worldcoin price decreased by ~1% with a 24-hour trading volume of $343.011 million. However, it has increased 17.56% in the last week and 53.61% in the last 30 days. This shows the increasing bullishness for altcoin in the market.
From a long-term perspective, the WLD crypto token has formed a downward channel pattern and has been trading within it since July. It also ranked 62nd in the global crypto list with a market cap of $1.220 billion.
What's new in Worldcoin!
WorldCoin is a “proof of humanity” project and is reportedly named as World. Recently, it launched a Layer-2 (L2) blockchain built on the Ethereum chain. An official statement about the update was released on October 17.
Moreover, with this update, 15 million users who have verified their identity by scanning “Iris” from “World ID” can now access this network. The network aims to improve efficiency by introducing new functionality to its users.
By prioritizing the verified “human” user over the “bots”, a unique approach, it plans to provide the right and authorized users with the location and free gas allowance on the network.
Will WLD price retest $3 this Q4?
If the market supports the bulls, the Worldcoin price will break out of the channel trend pattern and retest the $3.30 resistance level. Furthermore, as the Altcoin season is likely to explode, this project could lead to a 4-month high of $5.330.
On the negative side, if the new update encounters some setbacks, this could cause the price of Worldcoin to drop to the critical low of $1.350 in the near future.
Read our Worldcoin (WLD) price forecast 2024 – 2030 to reveal your doubts about the future of this altcoin!
