Worldcoin, a company founded by Sam Altman, has seen its price rise by 28% after expanding its identity verification services to over 40 countries. This rapid international rollout, which includes recent launches in Costa Rica, Poland, and Austria, focuses on creating a secure, decentralized ID system using biometric verification.
Despite regulatory hurdles, particularly concerning the use of iris-scanning Orbs, Worldcoin’s global reach has steadily increased, boosting interest in its native cryptocurrency, WLD. Worldcoin’s expansion has made significant strides in Latin America, with new operations established in Colombia, Ecuador, and Guatemala.
By introducing Orbs in these regions, the project aims to secure identity verification and address digital fraud concerns. Regulatory scrutiny remains an ongoing concern, as authorities in Spain, Germany, South Korea, and Kenya have questioned the privacy implications of biometric data collection. Sam Altman, co-founder of the World project, recently celebrated the team’s progress, noting that over 16 million users have been verified via World ID.
Worldcoin’s global presence has driven increased interest in WLD, with the rising adoption and visibility of the World project contributing to WLD’s recent price momentum. The recent 28% price increase aligns with a rise in trading volume, which has jumped by 76.56% to reach $2.38 billion. Technical indicators also show positive trends for WLD, with the Money Flow Index (MFI) standing at 70.51 and the Chaikin Money Flow (CMF) indicator reflecting moderate buying pressure.
With institutional interest and large transactions indicating market confidence, Worldcoin’s price could approach the $3.00 resistance level, though there is a risk of a pullback if buying pressure decreases.
