The company’s rebranding from Worldcoin to World and the introduction of the Orb 2.0, an upgraded iris-recognition system, has bolstered the positive outlook on the World coin.
While the price of World cryptocurrency has dipped by 5% to $2.19 following its rebranding, it has surged by 47.5% in the last 30 days, suggesting a strong growth potential. Analysts predict that if the breakout happens, World will encounter initial resistance at $2.47, followed by a price target of $5.41 and potentially $6.57.
Moreover, World’s interest from Grayscale, a digital asset manager, is seen as a positive signal for the cryptocurrency.
Despite experiencing a recent price drop, analysts are optimistic that cryptocurrency World, formerly known as Worldcoin, could potentially have a price rally soon. With its interest in investing in World, the cryptocurrency could attract more institutional investors.
