As a seasoned crypto investor, I’ve seen my fair share of price surges and regulatory challenges in this space. The recent development with WLD, the native token of Worldcoin, has piqued my interest. With a 9% surge over the last day, WLD is currently exchanging hands for $2.36, making it the 98th-largest digital currency by market cap.
As a researcher studying the cryptocurrency market, I’ve noticed an intriguing development with WLD, the native token of Worldcoin’s digital identification platform. Over the past day, there has been a significant increase in its value, amounting to a robust 9% growth.
Currently on CoinMarketCap (CMC), each WLD unit is being traded for approximately $2.36. The total value of all existing WLD units amounts to around $357 million, placing it as the 98th largest digital currency by market capitalization.
As a crypto investor, I’ve noticed an impressive 116% increase in Worldcoin’s daily trading volume, reaching a significant figure of $357.8 million. However, despite this recent price surge, Worldcoin (WLD) is still significantly down, currently trading at around 20% of its all-time high of $11.82, which it reached on March 10th.
As a researcher studying the tech industry, I’ve noticed an intriguing development: following the announcement of key hires from top-tier tech companies like X, Google, Apple, Meta, and Tesla by Tools for Humanity, the team behind Worldcoin (WLD), there has been a significant surge in interest and investment towards this up-and-coming software company.
Worldcoin’s advancement faces scrutiny from data protection regulators in countries such as France, following earlier revelations of violations to data protection principles during their iris scanning and identification processes in Hong Kong. The Privacy Commissioner for Personal Data (PCPD) in the region reported that these operations failed to comply with Hong Kong’s data protection regulations.
Four experienced professionals were brought on board to guarantee that Worldcoin adheres to privacy laws and guidelines. Additionally, they will be responsible for making sure that privacy regulators, among other external parties, have a clear understanding of our processes and maintain transparency into our privacy-related tools.
During this 24-hour period, the cost of WLD experienced a significant rise just prior to the initiation of heightened daily token releases.
Based on Messari’s data, Worldcoin currently releases around 3.19 million WLD tokens per day, valued at roughly $7.91 million. However, this number is projected to nearly double by July 24, 2024, reaching approximately 6.61 million WLD tokens daily, with a value of around $16.39 million.
In simpler terms, token unlocking functions like stock vesting in conventional businesses. It’s a mechanism for slowly making available cryptocurrencies that were once restricted, preventing massive sales during a project’s initial stages.
As a market analyst, I would describe this phenomenon as follows: The release of these tokens through unlocking mechanisms increases their circulating supply, which often coincides with pessimistic market sentiment. This is due to the expanded accessibility of these coins in the marketplace.
As a crypto investor, I’ve noticed that the recent price dip of WLD comes during a broader market slump in the crypto sphere. The total value of the crypto market has dropped by around 4% over the past day, bringing it down to approximately $2.17 trillion.
Bitcoin, the trailblazing digital currency, experienced a setback with a 3.5% decrease, and its value stood at $58,760 during the report.
Read More
- BODEN PREDICTION. BODEN cryptocurrency
- GHST PREDICTION. GHST cryptocurrency
- BETA PREDICTION. BETA cryptocurrency
- STRD PREDICTION. STRD cryptocurrency
- Mango Markets Exploiter Found Guilty Of Fraud And Manipulation
- GBP EUR PREDICTION
- MATIC PREDICTION. MATIC cryptocurrency
- LOOKS PREDICTION. LOOKS cryptocurrency
- BRN/USD
- TNSR PREDICTION. TNSR cryptocurrency
2024-07-04 10:21