Worldcoin (WLD) is capturing the attention of investors as the token shows remarkable performance in the current market landscape. Although the market suffered a minor pullback today, WLD climbed 31% since last week, marking a significant increase in value as the protocol continues to broaden its services.
Worldcoin’s technology for identity verification is steadily gaining traction. Just this week, several developments have piqued the interest of retail investors. If the trend continues with the market’s ongoing bullish sentiment, WLD is likely to make significant progress in the long run.
Worldcoin Services Expands To Three New Nations
In a blog post, Worldcoin announced that its World ID services will be available in three additional countries: Guatemala, Poland, and Malaysia. This decision comes amid the rapid evolution of artificial intelligence technology and its potential implications for fraud globally.
Worldcoin’s forward-thinking solution regarding individual privacy aims to tackle this issue by offering a decentralized method for verifying someone’s identity through the platform’s innovative proof-of-personhood model, which is explained in their whitepaper.
In Guatemala alone, a significant portion of the population is increasingly interested in determining whether the entities they interact with are human or automated.
According to Worldcoin, 83% of the population wants to verify if the content they consume was generated by AI, 84% are worried about the rapid development of AI technology making it more difficult to distinguish between humans and bots, and 88% back technologies that confirm whether the “person” they’re engaging with is real or not.
With the rising necessity for AI in various aspects of daily life, Worldcoin’s technology could play a crucial role in safeguarding personal privacy.
Beginning September 25, orbs—physical locations where individuals can verify their identity—will be launched in Guatemala. Currently, no updates regarding additional rollouts in Poland, but the World ID service was unveiled in Malaysia earlier this week.
Possible Pullback Anticipated Later This Week
While WLD has witnessed significant growth, it may face challenges as bullish momentum appears to be waning, leaving limited possibilities for the token to do anything other than stabilize or decline in the coming days.
The token’s relative strength index (RSI) suggests that WLD might encounter weaknesses within the next 72 hours, as maintaining the upward trajectory could adversely affect future gains. Nevertheless, investors holding WLD for the long-term still have a solid foundation to depend on, as ongoing development of the platform keeps it pertinent in an increasingly AI-dependent world.
Featured image from Forkast News, chart from TradingView
Dutch
English
French
German
Greek
Italian
Portuguese
Russian
Spanish