Worldcoin launches in three more countries; WLD token spikes

Worldcoin rose for the third day in a row after developers expanded their product launches to more countries.

Worldcoin launches in more countries

Worldcoin (WLD) retested the key resistance level at $2, its highest level since Aug. 2. The token is up over 54% since its August low.

The developers announced in a statement that they have launched World ID in Guatemala, Malaysia, and Poland. In addition to these countries, Worldcoin is also available in places like Argentina, Chile, Austria, Mexico, and the United States.

According to the information on the developers’ website, 155 thousand accounts have joined in the last seven days, while more than 6.7 million World ID verifications have been performed.

At the same time, the number of wallet transactions increased to 142 million, while the daily number of wallet transactions reached approximately 400 thousand.

Started by Sam Altman, Worldcoin also runs on World Chain, an Ethereum (ETH) layer-2 network. Altman is the co-founder and CEO of OpenAI, the company behind ChatGPT.

Developers hope that the chain launch will reduce gas fees and ease the scaling process. Additionally, the chain will include World ID data to prevent automated bots. Additionally, verified users will share a portion of the gas fees generated by the network.

A key concern among users and policymakers is data privacy. For example, World ID registrations were halted in Kenya for several months as thousands of people queued to get verified. It has also faced privacy issues in places like Hong Kong and Portugal.

Worldcoin may have bottomed Worldcoin price chart | Source: TradingView

WLD’s recovery came after it found strong support at $1.3245, where it formed a double bottom formation.

The coin has since broken out above the neckline of this pattern at $1.95. The Average Directional Index is pointing upwards, while WLD has moved above the extended Bollinger Bands indicator. Additionally, the Relative Strength Index has risen to the overbought point of 70.

Worldcoin’s rise is likely to continue, with the next reference level to watch being $3.25, which was its highest volatility level in July.

This recovery will likely depend on the performance of other cryptocurrencies, especially Bitcoin (BTC). If Bitcoin reaches a record high as Polymarket users predict, altcoins like WLD will also rally.