Sharp Surge in Worldcoin Amidst Asian Language Support Expansion
Date: 2023-11-13 Author: Dima Zakharov Categories: IN WORLD
Cryptocurrency News: Worldcoin Token Skyrockets Amid Asian Support and Unique Identification Protocol
Surging by 20% in just a few hours, the native token of the Worldcoin project (WLD), founded by Sam Altman, reached $2.26. This sudden surge, as observed on the 5-minute WLD/USDT chart on the Binance exchange, is accompanied by a substantial increase in trading volume.
Experts also note the Relative Strength Index, which has approached the overbought zone but has not yet surpassed it. Despite a general market standstill, the market capitalization of WLD grew from $215 million to $241 million, with a daily trading volume reaching $76.6 million, according to CoinGecko data.
What makes this growth even more remarkable is that it occurs amid a lack of price movement for almost all major assets over the last 24 hours, highlighting the unique dynamics of Worldcoin against the backdrop of overall market stagnation.
It is interesting to note that this token's ascent may be linked to the expansion of support for Asian languages within the project. According to the official statement from the company, following a successful launch in Asia, the region has become one of the key markets for Worldcoin, attracting approximately 1.4 million accounts.
The startup's flagship product, the World ID protocol, represents an innovative method of identification using zero-disclosure proofs. This tool allows individuals to undergo identification using biometric data or a phone number, emphasizing the project's focus on security and privacy.
However, despite impressive metrics, Sam Altman has acknowledged the existence of challenges, particularly in operational processes and overcoming resistance to the collection of biometric data. These difficulties, in his opinion, present a challenge that needs to be addressed.
It is crucial to note that since its launch, Worldcoin has garnered attention from authorities in various countries, including the United Kingdom, France, Germany, Kenya, and Argentina. This underscores the broad interest in the innovative approach to cryptocurrencies and data privacy offered by this project.
In light of all these factors, including price growth, activity in the Asian region, and the diversity of supported languages, Worldcoin continues to capture the attention of the cryptographic community and investors, emerging as a key player in the dynamic world of cryptocurrencies.
