- The price of WLD has consistently advanced for the last 7 days.
- Less than 2% of the total supply of Worldcoin is in circulation.
Worldcoin (WLD) introduces the World ID system, utilizing the Orb biometric device for secure digital identity verification and efficient transactions.
WLD tokens facilitate payments and offer governance participation in the network. Founded by Sam Altman, Alex Blania, and Max Novendstern, Worldcoin aims for a globally inclusive identity and financial network.
The total value locked for the Worldcoin crypto on Uniswap V3 is $670K as of press time.
The volume/market cap ratio of the Worldcoin crypto is 33.87%, and its market cap value is $1.196 Billion. Moreover, the market cap of the crypto has witnessed a decline of 3.5% in the last 24 hours.
WLD crypto’s circulating supply is only 205.677 million WLD, 2.06% of the maximum supply. The max supply of the crypto is 10.0 billion WLD, and the fully diluted market cap is $58.212 Billion.
The all-time low price of the crypto is $0.9758, which was hit 8 months ago. Its all-time high (ATH) price of $11.82 was hit on March 10, 2024. Since hitting the ATH, the price has declined by 50.5%.
The market cap dominance of Worldcoin is 0.05%, and the volatility is also very high at 13.88%. The crypto’s sentiment is bullish, and the fear and greed index indicates greed at 64.
Worldcoin Crypto Derivatives Analysis
Recently, the volume of Worldcoin crypto’s derivatives has been slowly advancing, as seen in the chart.
Despite this, the derivatives volume has witnessed a decline of 40.9% in the last 24 hours from the time of writing. This further has resulted in a traded value of $1.18 Billion
The open interest further has witnessed a slight advance of 1.6%. Also, in the last 24 hours, the crypto has witnessed higher long liquidations worth $1.57 million against the short liquidation of $312.63K.
WLD Crypto Technical Analysis
The price of the WLD crypto has been making lower highs in the last few weeks, which has led to a decline of 60% in the trading price from the all-time high.
The crypto price further started to sustain the lower level and formed a double bottom pattern. It was further followed by a breakout above the most recent swing high in price.
WLD/USD Chart by TradingView
The price of the WLD crypto was rejected from the 200-day EMA and advanced above the 50-day EMA. A continuation to the higher levels can be seen if the price is further sustained above 50 EMA.
The MACD metrics are trading in negative territory, while the MACD and the signal line are trading in a bullish cross and heading towards a higher level.
The RSI further has broken above the 14-day SMA and the 50-level. This shows the rising momentum of price.
Summary
Worldcoin demonstrates bullish momentum as its price surges above recent highs. With less than 2% of its total supply in circulation, WLD showcases strong potential for further growth.
The support levels for the WLD crypto on the lower side are $2.16 and $4.00. Despite this, the price shows a higher potential to advance to a higher level; it might face resistance at $8.80 and $11.70.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.