Worldcoin (WLD) has seen a significant 2.81% price surge this week following the launch of its World ID verification system in Poland.
This rise has also been influenced by several key developments, including the integration of Worldcoin with Solana. The Solana integration provides cross-chain capabilities and thus extends Worldcoin’s possibilities to work on different blockchains.
Now, users are able to confirm their identity as unique human beings in Warsaw, Poland. This system thus allows organizations to differentiate between real users and bots. It has become vital due to the presence of bots in the online platforms.
WLD Price Performance
After the Poland launch, the WLD’s price has been ranging from $1.43 to $1.52 in the last 24 hours. At the current price of $1.46, the prices have risen by 1.75%. The trading volume increased by 35.37% to $100 million, indicating high market engagement towards the token.
World ID launch in Poland responds to the increasing fear of the users’ interactions being worsened by AI bots. Using this verification solution, users can confirm they are humans without providing personal information. This is convenient for businesses and users.
This has also resulted in increased trading volume and market value of WLD after the successful launch.
WLD Price Performance and Volatility
The Worldcoin’s WLD token has been steadily rising in the last week with a 2.81% price appreciation. It is currently hovering around $1.45. Currently, the token’s market cap stands at $655 million. It marks a 2.39% increase and the volume to market cap ratio of 15.20% shows good liquidity and trading activity.
7-day WLD trading chart: source Coinmarketcap
Although there were some fluctuations in the price, the token has been stable throughout the week. The price is ranging between $1.45. As of now, WLD has a circulating supply of 448 million WLD. The demand for this token is still on the rise as the token gets more and more adopted.
The Poland launch and market attention have been the main factors of the price increase. With the increasing adoption of World ID for secure and anonymous authentication in Poland and other areas, the price of WLD is expected to stay bullish.
Worldcoin is set to grow even more as the token’s stability is observed to continue its journey in the global market.
Global Expansion of Worldcoin Technologies
Worldcoin’s activity does not end in Poland. It has associated with the Malaysian government to implement the proof of human technology in the Malaysian digital framework.
Apart from World ID, World Chain which is the first blockchain that focuses on the identification of people is set to launch its mainnet soon. Some of its key partners include Safe, Alchemy, and Fireblocks, which has further cemented the company’s position in the world of blockchain.
The recent integration with Solana via the Wormhole interchangeability chain opens the possibilities for World ID to work on the other chains. This development means that the World ID holders can now verify their identity across a myriad of applications, including social media, web3 gaming, and e-commerce platforms.
The integration with Solana brings more flexibility and utility to Worldcoin’s services and increases the demand for the WLD token. Worldcoin’s strategic partnerships and advancements in technology are preparing WLD to further expand in terms of adoption as well as value.
