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Information about Worldcoin (WLD)
Worldcoin is a protocol for developing personal identity-related products, created to make it easier for users to identify themselves in the booming era of AI.
Worldcoin uses a product called “The Orb” to scan a user’s retina, then uses a Proof of Personhood mechanism to verify their identity and store the data on the blockchain. In addition, Worldcoin also developed the World App to help users store digital assets in a simple and convenient way.
WLD is a native token of the Worldcoin ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
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News
This week, over 235 million USD in tokens are set for release, with VENOM and ALT leading cliff unlocks worth over 15 million USD. Solana is the top linear unlock with 465,770 SOL valued at 66.03 million USD.
Cliff unlocks, such as those from VENOM and ALT, create quick supply impacts by releasing tokens all at once. In contrast, Solana’s linear unlock of 465,770 SOL offers a steady market supply.
Following a 20% rally, Worldcoin (WLD) is confronting resistance at $0.8, with waning demand noted. Key technical indicators signal an impending bearish market tendency as traders remain wary of upcoming corrections.
The critical levels to monitor are $0.8 and $0.66, as both could trigger reversals due to significant liquidation areas. Despite some bullish signals earlier in April, continuous lack of buying pressure indicates a cautious trading environment.
Worldcoin’s market cap has surged to about 945 million USD, driven by a 30% gain in the past week. The 1 USD level is crucial as breaking it could trigger FOMO among investors, fueled by rising interest in the AI sector.
Key indicators like RSI and MACD suggest possible bullish continuation for WLD. However, caution is advised regarding resistance levels. Current liquidity metrics indicate an accumulation phase, requiring confirmation to surpass the psychological barrier of 1 USD.
Crypto whales have ramped up their purchases of altcoins amid ongoing market uncertainty. The notable attraction of Dogecoin (DOGE), Worldcoin (WLD), and Ondo (ONDO) indicates a potential upswing in these digital assets.
Dogecoin (DOGE) saw a substantial spike, with 1.41 billion coins bought for over 220 million USD. Worldcoin (WLD) and Ondo also gained whale interest, suggesting strong market confidence.
If DOGE manages to break past the 0.17 USD resistance, it may target 0.23 USD. Similarly, increased accumulation of WLD could lead to positive price momentum in the near future.
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