Thomas Daniels
Worldcoin’s WLD token surged for a third consecutive day, climbing 54% from its August low, following the project’s expansion into three additional countries: Guatemala, Malaysia, and Poland. The token reached its highest level since August 2, retesting the key resistance point at $2. Worldcoin, co-founded by OpenAI CEO Sam Altman, continues to gain momentum, further extending its availability to regions such as Argentina, Chile, Austria, Mexico, and the United States.
Strong Growth in Adoption and Transactions
According to the company, World ID verifications have surpassed 6.7 million, with 155,000 new accounts registered in the past week alone. Additionally, the platform has seen a sharp increase in wallet activity, with the total number of transactions rising to 142 million, and daily wallet interactions reaching nearly 400,000.
Development of World Chain
In tandem with its geographical expansion, Worldcoin is also working on the launch of “World Chain,” an Ethereum layer-2 network designed to reduce gas fees and improve scalability. The new chain will integrate World ID data to combat automated bot activity. Additionally, verified users will receive a share of the gas fees generated by the network, further incentivizing participation.
Privacy Concerns and Regulatory Scrutiny
Despite its rapid growth, Worldcoin continues to face scrutiny from policymakers over data privacy issues. The company encountered obstacles in regions like Kenya, where registrations were temporarily paused due to privacy concerns, as well as in Hong Kong and Portugal. These regulatory challenges highlight ongoing debates about the use and security of biometric data.
WLD Token Outlook
WLD’s price recovery follows a strong support level at $1.3245, forming a double-bottom pattern. Technical indicators point to continued upward momentum, with the Relative Strength Index (RSI) reaching the overbought territory of 70 and the Average Directional Index (ADX) suggesting further gains. The next resistance level to watch is $3.25, a key price point from July.
The continued performance of WLD may depend on broader cryptocurrency market trends, especially Bitcoin’s trajectory. Should Bitcoin achieve new highs, analysts expect altcoins like WLD to follow suit.
