Worldcoin (WLD) is currently trading at $8.85, representing an over 253% price increase in the last 14 days.

The recent surge was propelled by several factors:

• The launch of OpenAI’s Sora, an artificial intelligence-powered platform that converts text to lifelike videos (Worldcoin co-founder Sam Altman is also the CEO and co-founder of OpenAI)
• A whale wallet recently accumulated a substantial amount of WLD tokens — valued at $5.82 million — from Binance. This movement further contributed to the token’s upward momentum.
• Alameda Research’s recent ownership of $167 million in WLD tokens, accounting for 19% of Worldcoin’s circulating supply, has also spurred speculation and bolstered WLD’s price.
• Positive market sentiments, fueled by events like the Bitcoin halving and Ethereum ETF anticipation.
• The World App, designed to offer decentralized identity solutions, has seen an increase in users, with a record of 16,000 daily Orb verifications.

Meanwhile, the World project — designed to become the world’s largest digital identity and financial network — faces resistance and regulatory challenges in countries like France, India, and Brazil, where privacy concerns have forced the suspension of iris scanning, or so-called Orb verification services.

Still, Worldcoin has managed to Go to Source to See Full Article
Author: Ogwu Osaemezu Emmanuel

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