Digital ID in the USA
World Network (former Worldcoin) launched the World ID service in six American cities: Austine, Atlanta, Los Angeles, Nashville, Miami and San Francisco. The system is designed to distinguish real people from robots. User authentication occurs by scanning the rainbow shell of the eye with a special ORB device. The latter is equipped with a Jetson processor from the American technological giant NVIDIA.
Next, a special code “Iriscode” is assigned. He is a direct confirmation that the user is a person, not a bot. After the end of the procedure, the participant receives a certain amount of WLD tokens. World ID in the future Maybe Used to enter any platforms that have an open API with Minecraft, Reddit, Telegram, Shopify and Discord.
In the future, World Network is going to improve their system on the basis of feedback from users. In addition, c plans Developers are expanding the geography of presence.
Listing on Coinbase
April 30 Coinbase Cryptos reportedthat the WLD token is added to the listing road map. The news is quite positive for the supporters of the coin in the United States, since for a long time certain fears have been preserved about World Network. The fact is that the current number of coins in the circulation is very limited, and a large number of unlocks are expected in the future. Also, certain fears were related to the collection of personal data of World Network. In March 2024, the Spanish data protection agency (AEPD) even released The mandate that prohibited such activities. It is worth noting that Add In a roadmap is not a guarantee of further listing, but only an indicator that cryptocurrency has a potential for this.
Integration with Openai
Openai, a research organization that, among other things, is behind the ChatGPT neural network, can announce the support of World Network in the United States. So far, these are only rumors, but they also gave confidence to the crypto -investors. If this really happens, then the WLD integration into Chatgpt is quite likely. Such a development of events is quite possible, given that one of the key figures in both Openai and World Network, protrudes Sam Altman.
World Card from Visa
On April 30, the World Card debit card was announced. It will become the result of the World Network collaboration and VISA payment company. World Card can be directly tied to the wallet in the World App will allow Users to pay digital assets in any online and offline stores where VISA is accepted.
Growth of the activity of large players
By data The analytical platform of Santiment, in the last week of April, the number of large WLD translations increased. Among the cryptocurrencies, World Network took eighth place. And although the activity of large players is a positive factor, Santiment has left an ominous warning:
“Historically, assets that do not relate to stablecoin have a much greater probability of price turn. At the same time, some players will receive a good point for entering (output) from which they can extract an advantage. ”
Technical analysis
Indeed, from April 27, WLD began to be adjusted. From April 7 to April 25, the WLD token increased in price by 119.72%. It was logical that at some point investors would begin to fix profit. In this regard, the current 28% correction is not surprising. It is noteworthy that despite such a fall, the general trend remains bull. This is confirmed by the fact that the price exceeds a 50-day sliding average (indicated in blue). However, the moment for purchases is now inappropriate. The fact is that the Parabolic SAR line is above the price. The levels of support and resistance are $ 0.81 and $ 0.986, respectively.
Source: TradingView.com
Conclusion
The main catalysts of World Network growth were the actions of its representatives in the United States. In six American cities, the World ID system was implemented, and the WLD token fell into the listing road map on Coinbase. The correction that began at the end of April is explained by the fact that investors decided to fix part of their profit after more than two times.
This material and information in it is not an individual or other other investment recommendation. The view of the editorial office may not coincide with the opinions of analytical portals and experts.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
