On July 24, 2023, Sam Altman’s startup, the company behind ChatGPT, launched its own token called Worldcoin. The token hit an all-time high of $11.82 on March 10, 2024, but its value started to decline after that.
By July 24, 2024, the team at Tools for Humanity, the group behind Worldcoin (WLD), began unlocking 80% of the WLD tokens allocated to investors, developers, and early participants in the project. This news led to a price surge from around $1.80 to $3.20 between July 14 and 17. However, the token’s value dropped afterward due to accusations of insider trading. As of today, August 6, the coin is trading at $1.64.
Worldcoin is currently ranked 96th among cryptocurrencies by market capitalization. What is the Worldcoin price prediction for the short and long term?
What is Worldcoin
Worldcoin is a project aiming to build the world’s largest identification and financial network, operating as a public company where everyone can have ownership. The core of the project is the World ID — a global identification network that keeps your privacy intact. This digital ID acts like a passport, proving that you’re a real person and not an AI, using zero-knowledge proofs to maintain privacy.
To join the network, you first need to download the World App. This wallet app supports the creation of a World ID — a digital identification number and signature. After downloading the app, users must visit an Orb center to have their iris scanned.
Based on the iris scan, a World ID is created. The original image is deleted after generating the digital ID, completing the identification process. With this World ID, users can seamlessly connect to various platforms, Web 3.0 systems, social networks, and government programs, verifying their humanity. When you create your World ID, you’re rewarded with WLD tokens. These tokens aren’t just for show; they give participants a voice in how the protocol is run, letting them help shape its future.
What lies ahead for the controversial WLD token? Let’s look at the Worldcoin price prediction for 2024 and beyond.
Worldcoin coin price prediction
What are the expectations for WLD in the near term?
Worldcoin crypto price prediction: short-term outlook
According to CoinCodex, the latest prediction for WLD suggests it might skyrocket by 222.52%, potentially hitting $4.71 by September 4, 2024. At the moment, market sentiment is quite negative, with the Fear&Greed Index at 26, suggesting fear. In the past month, Worldcoin has had a positive price trend on 12 out of 30 days, with its price swinging around by 14.84%. Given these factors, CoinCodex advises that now might not be the best time to invest in Worldcoin.
Worldcoin price prediction 2024
Wallet Investor’s Worldcoin price forecast indicates a bright future for WLD, with potential for growth that might make it a solid investment choice. Since trading tends to be more favorable in bull markets, it’s worth considering this token, but make sure to research investment strategies if you’re just starting out. Wallet Investor’s projections hint that by the end of 2024, WLD could hit a maximum price of around $5.628.
Worldcoin price prediction 2025
According to CoinCodex’s WLD price prediction for 2025, Worldcoin’s price could range from $1.459399 to $6.76. If WLD reaches the higher end of that range, it could see a remarkable increase of up to 307.05% from its current value.
Worldcoin price prediction 2030
Worldcoin’s price could vary between $3.54 and $5.73 by 2030. If it hits the higher end of this spectrum, it might see a boost of up to 244.94% from its current value.
Deciding whether to invest in WLD crypto should hinge on your personal comfort with risk and investment objectives. Whether you’re considering investing or holding back, take your time to weigh the risks involved.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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