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- Worldcoin’s recent rally, fueled by altseason and the launch of the World ID Credential pilot, positions it for significant growth, with bullish targets at $11, $20, and $40.
- With expanded services in over 40 countries and a 28% rise in trading volume, Worldcoin is attracting strong investor interest, boosting its market cap and signaling continued bullish momentum.
Mirroring the recent Worldcoin (WLD) Price Eyes 37% Surge event, as CNF revealed, Worldcoin (WLD) has gained significant traction. This surge is fueled by altseason, a market phase where altcoins typically outperform Bitcoin.
A specific event is highlighted in a CoinNess Global tweet, revealing that Worldcoin launched its World ID Credential pilot.
Worldcoin launches World ID Credential pilot
The blockchain-based iris scan identity verification project Worldcoin (WLD) announced on its official blog that it has launched the World ID Credential pilot. Users can link a valid form of ID to their World ID without sharing any…
— CoinNess Global (@CoinnessGL) November 29, 2024
Particularly, the blockchain-based iris scan identity verification project Worldcoin (WLD) announced on its official blog that it has launched the World ID Credential pilot. Analysts highlight a Cup and Handle pattern in Worldcoin’s price chart, indicating strong potential for further gains.
The breakout range lies between $2.60 and $2.65, with bullish targets projected at $11.97, $20.04, and, in a highly optimistic scenario, $40.24. Key support is identified at $1.70, while resistance levels at $2.60 and $4.78 will guide the coin’s next moves.
Expansion and Trading Volume Boost Optimism
Aside from the pilot, which is currently being implemented in select countries, including South Korea, Chile, Colombia, and Malaysia, Worldcoin’s bullish momentum is also supported by its ID verification services, now available in over 40 countries, including Costa Rica, Poland, and Austria.
This expansion contributed to a 28% rise in trading volume, reaching $1 billion, and a market cap increase to $2.10 billion. With growing buyer interest and favorable market conditions, Worldcoin is emerging as a standout performer in the ongoing altseason rally.
According to CoinMarketCap, Worldcoin (WLD) is currently up 14.08% in 24 hours and 28.73% in the past week, reaching $2.90 from $2.45. WLD’s price rebound from $2.25 to $2.90 reflects broader investor enthusiasm as altcoin market capitalization breaks through long-term resistance, signaling a bullish cycle.
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