Worldcoin Price Prediction as WLD Reaches $20 Billion Market Cap Straight After Launch – Can Worldcoin Overtake Bitcoin?
The price of Worldcoin (WLD) has hit a $20 billion market valuation barely 24 hours after launch, with the Sam Altman-founded coin hitting an all-time high of $3.30 soon after its listing on exchanges.
However, WLD is now down by 35% since hitting yesterday's peak, with the altcoin also down by 20% in the last 24 hours, as the hype surrounding its launch settles down and early buyers take their profits.
And while Worldcoin's aim to provide a universal digital identity is certainly ambitious, its use of biometrics (e.g. iris-scanning) has left some commentators disturbed by its potential threat to privacy.
Worldcoin's relative strength index (purple) is currently rising again, nearing 70 after spending last night dropping right down to 30 (or below).
Its perhaps not surprising that a freshly listed coin has exhibited such volatility, with the coin's price rising again since suffering a sharp drop in the earliest hours of the morning.
It will therefore be interesting to see whether WLD can break through its current resistance level (red) of around $2.20.
If it can, we could expect to see the new altcoin return to higher levels, something which could be a possibility given that its big dip last night has provided a real opening for new buyers to push up its price.
As noted above, Worldcoin was co-founded by Sam Altman, who also happens to be the founder of OpenAI, the company responsible for generative-AI sensation ChatGPT.
This kind of pedigree has unsurprisingly caused investors to sit up and take notice of Worldcoin, especially when the latter plans to provide everyone in the world with a digital ID.
However, to provide such an ID, Worldcoin is planning to scan the irises of everyone on the planet, or at least everyone who agrees
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