On November 13, the native coin of Sam Altman’s Worldcoin (WLD) project rose from $1.87 to $2.26 in a few hours – by 20%.
Judging by the graph, the growth is accompanied by a surge in trading volume.
The relative strength index reached the border of the overbought zone, but did not overcome it.
WLD’s market capitalization increased from $215 million to $241 million, according to CoinGecko. The daily trading volume reached $76.6 million.
It is noteworthy that the growth of the coin occurred against the backdrop of general market stagnation. Over the past 24 hours, almost all leading assets have remained virtually unchanged in price.
Dynamics of the top 10 coins by capitalization. Data: CoinGecko.
The asset’s positive performance may be due to the addition of support for Asian languages, including Korean, Simplified Chinese, Hindi and Japanese.
Learnings from Asia in preparation for new Worldcoin launches https://t.co/B6FzwRrHZz
— Worldcoin (@worldcoin) November 12, 2023
After the launch of Worldcoin, Asia became one of the project’s largest markets, the company said in a statement. At the time of publication, approximately 1.4 million accounts have been created in the region.
The startup’s main product, the World ID protocol, is based on zero-knowledge proofs. It is a tool that allows people to authenticate themselves using biometrics or a phone number.
Previously, Altman admitted that Worldcoin had problems. Operational processes and overcoming resistance to biometric data collection remain challenges, he said.
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.