Key Insights:
- Worldcoin price is showing strength by trading above its 7-day and 30-day moving averages.
- World Chain activated EIP-7928, enabling parallel transaction verification to boost network speed.
- An analyst remains bullish on WLD’s long-term outlook, with targets of $0.63, $2, $5, and $10.
Over the last 10 days, Sam Altman’s iris-scanning project Worldcoin (WLD) has been getting major market attention. The WLD price is showing strong signs of recovery, with 20% upside during this period.
With players like Grayscale filing for a Worldcoin ETF, it’s clear that institutional demand for WLD is catching up.
Key Factors Supporting WorldCoin Price Rally
On the monthly chart, Worldcoin (WLD) is showing a strong reversal following its brief price dip under $0.30. The sharp 20% recovery in the last 10 days has caught investors’ attention as WLD regains $0.36.
Analysts at 10x Research highlighted that investors should pay closer attention to WLD price movements. They cited improving technical momentum and several developments that could drive renewed market attention.
WLD is trading above both its 7-day and 30-day moving averages, which 10x Research considers bullish signals. The token has gained 14.2% over the past week. Moreover, the analysts noted that this move coincides with Grayscale filing an S-1 for a spot Worldcoin ETF.
Furthermore, the analysts added that Worldcoin’s supply pressure has eased. That happened after Worldchain implemented a scheduled 43% reduction in its aggregate daily WLD unlock rate. Thus, the daily emissions have dropped from around 5.1 million to 2.9 million tokens.
Meanwhile, Eightco Holdings holds 302 million WLD tokens, worth approximately $96 million. This represents nearly 8.4% of the total Worldcoin circulating supply. However, the WLD price is still sitting under the company’s average acquisition cost.
WLD Price Jumps on World Chain Upgrade
In the last 24 hours, the WLD price is up by 4%, beating the broader crypto market. This comes as Worldchain activated the EIP-7928 upgrade on August 17, 2026. The new Worldcoin network upgrade boosts network speed by enabling parallel transaction verification.
Most blockchain networks today process transactions sequentially. Such an execution can limit network throughput, regardless of the computing power available to validators.
World Chain’s implementation of EIP-7928 aims to remove this constraint. To do so, the firm is publishing a list alongside each block showing which accounts and storage locations each transaction will access.
Validators can use this information to identify transactions that do not interact with one another and verify them in parallel. Such an approach increases overall throughput without needing the validators to upgrade their hardware.
World Chain is the first production Layer-2 network to activate EIP-7928. Moreover, they have deployed this upgrade ahead of Ethereum’s planned Glamsterdam upgrade.
WLD Price In Accumulation Zone, Can Shoot 10x
Crypto Patel stated that Worldcoin (WLD) has gained approximately 215% from the long-term accumulation zone he identified in April. He also shared his long-term bullish outlook.
Previously, Patel identified an entry near $0.23, with WLD/USDT later reaching $0.7229, representing roughly 215% upside. Short-term traders had an opportunity to book profits in June. However, Crypto Patel said his long-term thesis remains unchanged.
He said WLD’s broader macro structure remains valid, with major targets at $0.63, $2, $5 and $10+. Based on the current structure, he believes WLD could potentially see a 5x–10x+ expansion if it completes its higher-timeframe trend reversal.
Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draws his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fiction novels and sometimes explores his culinary skills.
