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binancecoin
BNB (BINANCECOIN)
$873.31 -0.77%
solana
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pepe
Pepe (PEPE)
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bonk
Bonk (BONK)
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bitcoin
Bitcoin (BITCOIN)
$110,969 -1.44%
ethereum
Ethereum (ETHEREUM)
$4,288 -1.86%
binancecoin
BNB (BINANCECOIN)
$873.31 -0.77%
solana
Solana (SOLANA)
$212.93 -1.02%
ripple
XRP (RIPPLE)
$2.95 -1.15%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.21%
pepe
Pepe (PEPE)
$0.000010 -0.83%
bonk
Bonk (BONK)
$0.000023 -1.89%
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Worldcoin Price Prediction: WLD Could Rally to $3 Amid Wallstreet Spotlight

Highlights:

  • Worldcoin has rallied over 50% after EightCo announced the WLD treasury 
  • The deal also involves the entry of a major Wall Street player into EightCo
  • Deal could see Worldcoin hit $3 soon as risk-on sentiment takes root 

Worldcoin (WLD) has made significant gains in the last 24 hours. In the day, Worldcoin has gained 53.54% to trade at $1.89. At the same time, Worldcoin trading volumes have gone parabolic, up by 280.34% to $3.65 billion. This is a sign that investors are coming strongly into Worldcoin in anticipation of another significant leg up in the price. The euphoria around Worldcoin is not random but backed by substantial events that point towards institutional adoption. 

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EightCo’s Worldcoin Treasury Driving Bullish Momentum

Worldcoin’s big pump in the day is driven by the move by EighthCo Holdings Inc to pivot into a cryptocurrency company that will have a Worldcoin treasury. The news sent both Worldcoin and EightCo rocketing in a matter of hours. While Worldcoin is up by over 50%, EightCo, the company seeking to build the treasury, rocketed by over 4000% yesterday. The market was excited that the treasury involved a significant amount, about $250 million, in a private placement. Investors expect such a big investment to have a major impact on the price of Worldcoin, going into the future.

Another aspect of the EightCo deal that is pushing Worldcoin higher is the fact that a major Wall Street player is set to join the board of EightCo. The entry of Dan Alves is a big deal because he could draw in major Wall Street spotlight on Worldcoin. Money could flow into Worldcoin in a big way and help push the price to new highs in the short to medium term. The market is also excited that EightCo is set to set its trading ticker to ORBS. This aligns with the ORB that Worldcoin uses to scan eyes for its proof-of-identity technology.

Worldcoin Network On An Exciting Growth Trajectory

However, it is not just the hype around EightCo that is driving Worldcoin momentum. There is also actual growth within the Worldcoin ecosystem itself. Over time, Worldcoin has been making big strides in its core infrastructure. For instance, the University of Engineering and Technology in Peru joined the anonymized multi-party computation network (AMPC). This is a big deal as it will help strengthen Worldcoin’s decentralized identity network.

Worldcoin user numbers also continue to grow at an impressive rate despite many regulatory hurdles around the world. Currently, the Worldcoin network has 16 million Proof-of-Human identifications that are spread across 45 countries. The target is to hit 100 million users by 2026, and at the current pace of growth, it is achievable. This gives Worldcoin an underlying value that many other cryptocurrencies do not have. 

Pivot to Risk-On Assets Could Send Worldcoin Higher

The best part is that all this is happening at a time when risk-on assets, particularly cryptocurrencies, could be set to enter a new bull cycle. That’s because the Federal Reserve is set to cut interest rates sometime this month. Once it happens, all cryptocurrencies, including Worldcoin, could rocket.

Technical Analysis – Worldcoin Making Higher Lows In a Bullish Channel

From the intraday charts, Worldcoin is making higher lows while trading in a bullish channel. This is a strong indicator that bulls are firmly in control and that Worldcoin is headed much higher.

Source: TradingView

For confirmation on the continuation of the rally, the key level to watch is the day’s high of $2.04. If this price level is broken, Worldcoin could rally to $3 or higher in the short term. On the other hand, if the price drops below $1.81, which is an intraday support level, the bull rally could be invalidated. A break to $3 is more likely, though, due to the strength of the news supporting the rally.

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