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Worldcoin (WLD) Rockets Over 50% as Global Expansion Spurs Momentum

2 mins
Updated by Daria Krasnova
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In Brief

  • World’s WLD token has surged over 50% in the past week, fueled by the project’s recent global expansion.
  • Daily active addresses indicate bullish support, with positive network engagement at 137.92%, bolstering price momentum.
  • Current metrics suggest WLD could break key resistance levels, targeting a high of $5.40 if demand persists.
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Worldcoin (WLD) has experienced a significant price surge, skyrocketing over 50% in the past week. Partly fueled by the broader market rally, this growth is largely attributed to the project’s aggressive global expansion, with over 40 countries added to its network this month alone.

With a positive general market sentiment and World’s plan to expand to more countries, the Worldcoin price rally may continue in the short term. Here is why.

World’s Expansion Increases the Demand For WLD

World, the digital identity project co-founded by OpenAI’s Sam Altman and powered by iris-scanning technology, has expanded its reach, launching in over 40 countries — including recent entries into Costa Rica, Poland, and Austria this November. This rapid expansion has drawn significant attention to its WLD token, driving a notable price surge.

Worldcoin’s value has spiked by 27% over the past 24 hours. It currently trades at $2.73, a price level last reached in July. The altcoin’s rally in recent weeks has been backed by substantial demand, as evidenced by the positive readings from its price daily active address (DAA) divergence metric. At press time, this metric’s value is at 137.92%.

WLD Price Daily Active Address (DAA) Divergence
WLD Price Daily Active Address (DAA) Divergence. Source: Santiment

An asset’s price DAA divergence compares its price movements with the changes in its number of daily active addresses. It tracks whether a corresponding network activity supports an asset’s price movement.

When this metric is positive during a price rally, it is a bullish signal, indicating strong underlying momentum and potential for further price appreciation. It suggests that increased network activity supports the coin’s rally, as heightened engagement often precedes price increases. As more participants become involved, demand for the asset grows, driving its price higher.

Moreover, the market’s sentiment regarding WLD is currently bullish. Santiment’s data shows its weighted sentiment at 0.64 as of this writing. 

WLD Weighted Sentiment.
WLD Weighted Sentiment. Source: Santiment

An asset’s weighted sentiment metric tracks the market’s overall mood toward it. When it is above zero, social media discussions are predominantly driven by positive emotions, indicating that market participants anticipate further price growth.

WLD Price Prediction: High Demand Can Push Altcoin to Six-Month High

As of this writing, WLD trades at $2.73, positioned slightly above the $2.44 resistance level. Its rising Chaikin Money Flow (CMF), currently at 0.22, confirms high demand for the altcoin. The CMF measures the flow of money into and out of an asset. When above zero, it signals market strength and high liquidity inflows. 

Should buying pressure hold, the $2.44 resistance could become a support floor, setting the stage for WLD to target the $3.61 mark. Successfully breaching this level could propel the Worldcoin price rally to a six-month high of $5.40.

WLD Price Analysis.
WLD Price Analysis. Source: TradingView

On the other hand, if buying pressure diminishes and bullish sentiment turns bearish, this projection will be invalidated. In that case, WLD could lose recent gains, fall below the $2.44 resistance, and attempt to stabilize at $1.34.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Abiodun Oladokun
Abiodun Oladokun is a technical and on-chain analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including decentralized finance (DeFi), real-world assets (RWA), artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), Layer 2s, and meme coins. Previously, he conducted market analysis and technical assessments of various altcoins at AMBCrypto, utilizing on-chain analytics platforms like Messari, Santiment...
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