Bitcoin Cash

World

Worldcoin

Shiba Inu

World ID

<p>Worldcoin has seen its token price surge by over 200% in the last seven days. The token went from a weekly low of $2.51 to a high of $7.44. WLD also surged 40% in the last 24 hours. The cryptocurrency reached a high of $7.63 from a low of around $5 during this period. Several key factors seem to be contributing to this immense momentum.</p>
<h2 class="wp-block-heading" id="1-million-wallet-users-powers-breakout">1 Million Wallet Users Powers Breakout</h2>
<p>The core driver of Worldcoin’s weekly rise is that it <a href="https://twitter.com/worldcoin" target="_blank" rel="noopener noreferrer nofollow">exceeded</a> 1 million daily users for its World App wallet last week. Reaching the 7-digit userbase marks a huge leap towards mass adoption for the cryptocurrency.</p>
<figure class="wp-block-image size-large"><img loading="lazy" width="1024" height="702" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-680-1024x702.png" alt="">
</figure>
<p>The Worldcoin network revolves around an identity layer protocol called World ID that allows users to verify their “proof-of-personhood” in a privacy-preserving manner using cryptography like zero-knowledge proofs. Crossing the adoption milestone advances its ability to create this human-centric global identity system.</p>
<h2 class="wp-block-heading" id="alameda-holdings-speculation-circulating">Alameda Holdings Speculation Circulating</h2>
<p>Notably, Alameda Research, the high-profile crypto trading firm that filed for bankruptcy last year, still <a href="https://twitter.com/spotonchain/status/1759453183955636641" target="_blank" rel="noopener noreferrer nofollow">maintains</a> a position of 25 million WLD. This sum equals 19% of the token’s circulating supply and is currently valued at $167 million.</p>
<p>With Alameda needing to repay creditors after insolvency, some speculate they could dump their tokens. However, with no sales made recently despite surging prices, confidence seems to be high, so they will maintain holdings.</p>
<figure class="wp-block-image size-large"><img loading="lazy" width="1024" height="1015" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-681-1024x1015.png" alt="">
</figure>
<h2 class="wp-block-heading" id="whale-accumulation-adds-buying-pressure">Whale Accumulation Adds Buying Pressure</h2>
<p>In addition to the milestone announcement propelling interest, a crypto whale <a href="https://twitter.com/spotonchain/status/1758418184531791949" target="_blank" rel="noopener noreferrer nofollow">acquiring</a> 2.09 million WLD worth $5.82 million from Binance added upside price pressure this week, according to SpotOnChain. Significant accumulation signals conviction in Worldcoin’s long-term trajectory.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span style="display:block">Show more +</span><span style="display:none">Show less –</span></span><span style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>Stepping back, the crypto markets have been building momentum ahead of Bitcoin’s next halving in 2024, which historically marks the start of renewed bull runs. Paired with increasing optimism for Ethereum ETF approval, sentiment remains strong. Worldcoin appears to be benefiting from this rising tide.</p>
<p>Finally, Worldcoin founder Sam Altman demonstrated his latest <a href="https://captainaltcoin.com/best-ai-crypto-projects/" target="_blank" rel="noopener noreferrer nofollow">AI</a> venture, Sora, this week to substantial community reception. With Altman’s OpenAI making waves already, his status fuels publicity and engagement for his other crypto projects like Worldcoin too.</p>
<h2 class="wp-block-heading" id="overbought-in-the-short-term">Overbought In The Short Term</h2>
<p>Despite the overwhelmingly positive news, the RSI indicator measuring short-term price momentum stands at 93 on the daily chart. Readings over 70 generally signify overbought conditions. This signals WLD could be due for a cooldown in the coming days as buyers take profits.</p>
<figure class="wp-block-image size-large"><img loading="lazy" width="1024" height="457" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-682-1024x457.png" alt="">
</figure>
<p>Overall, Worldcoin’s achievement of 1 million daily users signifies impressive product-market fit. With tailwinds from broad crypto market optimism, WLD looks positioned to see further growth on a long-term horizon even if prices moderate after this week’s vertical ascent.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/top-analyst-says-bitcoin-btc-at-30k-is-now-less-likely-but-theres-a-catch/" target="_blank" rel="noopener noreferrer nofollow">Top Analyst Says Bitcoin (BTC) at $30k is Now ‘Less Likely’ – But There’s a Catch</a></li>
 <li><a href="https://captainaltcoin.com/can-surging-shibarium-activity-push-shiba-inu-shib-price-past-crucial-barrier/" target="_blank" rel="noopener noreferrer nofollow">Can Surging Shibarium Activity Push Shiba Inu ($SHIB) Price Past Crucial Barrier?</a></li>
 <li><a href="https://captainaltcoin.com/40x-seemingly-possible-as-under-valued-kelexo-klxo-lending-phenomenon-secures-more-solana-sol-bitcoin-cash-bch-investment/" target="_blank" rel="noopener noreferrer nofollow">40x Seemingly Possible as ‘Under-Valued’ Kelexo (KLXO) Lending Phenomenon Secures More Solana (SOL) &amp; Bitcoin Cash (BCH) Investment</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-worldcoin-wld-price-up-200-within-a-week/" rel="noopener noreferrer nofollow">Why is Worldcoin (WLD) Price Up 200% Within a Week?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Worldcoin (WLD) Price Up 200% Within a Week?

Table of Contents

CaptainAltcoin

Other articles published on Feb 19, 2024

Join our free newsletter for daily crypto updates!