Flow

World

Worldcoin

Gains

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 <li>Wolrd, formerly Worldcoin has surged by 28% as its Wolrd ID project has expanded to over 40 countries.</li>
 <li>Despite regulatory challenges, Wolrd has experienced great interest by institutional investors and over 16 million verified users.</li>
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 While the market’s on a tear, Wolrd formerly Worldcoin, co-founded by Sam Altman has experienced a substantial 28% price increase. At the same time, the project is also celebrating the broadening of its identity verification services to over 40 countries.&nbsp;
 World’s ID verification system’s recent expansion includes Costa Rica, Poland, and Austria, with a main focus on<a href="https://www.ethnews.com/worldcoin-faces-200000-fine-in-buenos-aires-for-consumer-rights-violations/" target="_blank" rel="noopener noreferrer nofollow"> Latin America.</a> Additionally, countries like Colombia, Ecuador, and Guatemala are also on World’s radar. This expansion has bolstered interest in World’s native cryptocurrency, WLD, whose price recently surged.
 At the time of writing, WLD is swapping wallets with $2.74 marking a 27.11% and 59.30% surge in the last 24 hours and month respectively. Additionally, WLD has recorded a 24.56% surge in its market cap standing at 1.71B.
 Nevertheless, Wolrd’s impressive growth hasn’t been without hurdles. The project has faced great scrutiny, especially surrounding its use of iris-scanning orbs. Some <a href="https://www.ethnews.com/earn-62-5-just-by-scanning-your-eyes-find-out-how-with-worldcoins-latest-update/" target="_blank" rel="noopener noreferrer nofollow">regulators</a> argue that this practice may infringe data privacy. Regulators in Spain, Germany, and South Korea have raised concerns. It is worth noting that Kenya temporarily suspended World’s activities over data privacy issues.&nbsp;
 Sam Altman, the guru behind World, remains optimistic. Altman recently praised the project’s progress, acknowledging the efforts of CEO Alex Blania, who has successfully led the team. “Amazing progress at World over the past year,” Altman shared on social media.
 It is worth noting that World’s user base has exceeded 16 million.&nbsp;
 <h3 id="strong-wld-price-analysis-strong">WLD Price Analysis</h3>
 Diving into other metrics, World’s recent surge has been accompanied by a substantial uptick in trading activity and open interest, suggesting a bullish outlook among traders. World’s daily trading volume which has seen a 118% uptick has also been accompanied by Wolrd’s open interest which has surged by 38.51% to $346.38 million.&nbsp;
 Additionally, technical indicators further support this trend; for instance, the Money Flow Index (MFI) is currently at 70.51, close to overbought levels, while the Chaikin Money Flow (CMF) indicator shows moderate buying pressure
 Notably, institutional investors have also shown heightened interest in WLD. Over the past week, trades above $100,000 accounted for a transaction volume of $236.93 million, indicating a robust level of institutional confidence in World’s long-term potential.&nbsp;
 Additionally, analysts estimate that 45% of WLD holders are currently profitable. While they foresee a potential upward trend toward the $3.00 resistance level, a decline is possible if buying interest deteriorates.
 <h3 id="strong-wolrdcoin-rebrands-to-wolrd-strong">Wolrdcoin Rebrands to Wolrd</h3>
 It is worth mentioning that as we <a href="https://www.ethnews.com/wld-price-declines-5-amid-worldcoins-rebranding-and-orb-2-0-debut/" target="_blank" rel="noopener noreferrer nofollow">earlier reported</a>, the Sam Altman-founded “proof-of-humanity” project, formerly World Coin <a href="https://world.org/blog/announcements/world-chain-now-open-every-human" target="_blank" rel="noopener noreferrer nofollow">rebranded</a> to World late last month. As Sam Altman was making the announcement, he made an additional revelation. 
 Sam Altman revealed the debut of Orb 2.0, an upgraded version of the project’s iris-recognition technology. In-depth with the Orb 2.0, the new release is powered by Nvidia’s Jetson chipset.&nbsp;
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The post <a href="https://www.ethnews.com/worldcoin-gains-28-as-id-verification-network-expands-globally-to-40-countries/" rel="noopener noreferrer nofollow">Worldcoin Gains 28% as ID Verification Network Expands Globally to 40 Countries</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Worldcoin Gains 28% as ID Verification Network Expands Globally to 40 Countries

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