Worldcoin rose for four consecutive days as the crypto market recovered, and a whale continued accumulating the coin.
Worldcoin (WLD) hit $1.19 on Saturday and is currently trading at around $1.08. This recovery happened as Bitcoin (BTC), most altcoins, and American stocks rebounded. See below.
Worldcoin, founded by OpenAI CEO Sam Altman, surged after a whale purchased tokens worth over $1.5 million. Whale accumulation is typically a positive sign, as these investors are perceived as more sophisticated than retail investors.
The Worldcoin token also gained steam after the team pointed to increased momentum in Asian countries. Singapore registrations and verifications jumped by 15,800 to reach 100,000. South Korea had over 10,000 verifications in the first three weeks of the month, while Japan has crossed the 100,000 verification milestones.
South Korea’s growth accelerated after the network partnered with SuperWalk, a move-to-earn network. In Japan, it integrated with popular companies like Hakuhodo, SARAH, Tokyo Beast, and YAY!.
Worldcoin has also jumped as its weighted funding rate has remained positive for ten consecutive days. A positive funding rate is a crucial concept in perpetual futures, meaning that long traders are paying a fee to short positions to maintain their trades.
Worldcoin price technical analysis
The daily chart indicates that the Worldcoin price has rebounded over the past few days. It has jumped from a low of $0.5833 to a high of $1.20.
It has recently jumped above the key resistance level at $0.98, the highest swing on March 26. It has also surpassed the 50-day moving average, while the Relative Strength Index has risen to 76.
Therefore, the coin will likely continue rising as bulls target the psychological point at $2, which is 77% above the current level.
What is Worldcoin?
Launched in 2019 by Altman, Alex Blania, and Max Novendstern under their company Tools for Humanity, Worldcoin aims to build a global decentralized identity network by distinguishing real humans from AI — a rising concern in an era of increasingly sophisticated bots and deepfakes.
At the heart of the project is the so-called “World ID,” a unique digital passport created by scanning a person’s iris using a proprietary device called the Orb.
The initiative offers verified users the native WLD token, an Ethereum (ETH)-based token intended for utility and governance within the network. Participants can manage their assets through the World App, a self-custodial crypto wallet. At the same time, the project’s new blockchain, World Chain, promises to scale the platform as part of the Optimism Superchain.
Altman envisions Worldcoin as a foundation for financial inclusion and digital identity verification in an AI-driven internet. However, the project has not launched without controversy.
Worldcoin’s reliance on collecting sensitive biometric data has triggered alarm among privacy advocates and regulators worldwide. Authorities in countries such as Kenya, Brazil, Spain, and Germany have either suspended Worldcoin’s operations or cited concerns over consent, data security, and the targeting of vulnerable populations.
Critics have, in particular, accused Worldcoin of rolling out iris scans in low-income communities, where residents may have little recourse if their data is misused.
Despite these hurdles, the project draws substantial interest from venture capitalists, with backing from firms like Andreessen Horowitz and Khosla Ventures.
Worldcoin is essentially at the heart of a growing debate over whether proving one’s humanity in an artificial intelligence-driven world requires sacrificing one’s personal privacy.
