Worldcoin( WLD) price has experienced a notable rise, reflecting the overall market’s upward momentum. In the last 24 hours, WLD surged by 14%, driven by the successful debut of World Chain’s Layer-2 network. A recent project update in San Francisco has further fueled interest in Worldcoin. As upcoming token release events draw closer, Worldcoin’s value is positioned for potential gains, with an eye on the $2 level.
Three Reasons Worldcoin Price Will Explode Soon
Worldcoin is gearing up for its “A New World” event in San Francisco on October 17, where key project updates will be revealed.
Co-founders Alex Blania and Sam Altman will join members of the Worldcoin Foundation to discuss scaling the project. They aim to expand from 7 million verified users to 700 million. The updates will focus on enhancing technologies for broader access to the Worldcoin network. This would position Worldcoin as a key player in the AI-driven Intelligence Age.
The event will highlight strategies to bring more people into the ecosystem. The goal is to spread the benefits of AI advancements. With these developments, Worldcoin aims to be a major force in the digital economy. The presence of Blania and Altman emphasizes the event’s importance in shaping Worldcoin’s future.
Worldcoin Partners with Dune Analytics
Worldcoin price has unveiled a collaboration with Dune Analytics, a prominent blockchain data analysis platform, to expand data accessibility for its newly launched Ethereum Layer-2 network, World Chain. This partnership aims to boost the Worldcoin community’s ability to access and interpret on-chain data, fostering greater transparency within the ecosystem.
New: @DuneAnalytics is bringing enhanced data accessibility and insights to World Chain. pic.twitter.com/VCff6WrFMq
— Worldcoin (@worldcoin) October 11, 2024
Dune Analytics, recognized for transforming on-chain data into actionable insights, is set to play a crucial role in this endeavor. The platform also extends its support to public institutions, making this collaboration a significant step towards improved data analysis capabilities for Worldcoin.
Worldcoin Price Surges After Launching Layer-2 Network
World Chain, the Ethereum Layer-2 network introduced by Worldcoin, is already showing signs of progress. The network has recorded over 1,200 accounts with at least one externally owned account (EOA) transaction.
The Ethereum Layer2 network World Chain launched by Worldcoin may have been launched. Currently, there are 1,200 accounts on World Chain (who have sent at least 1 EOA transaction), more than 6 million txs have been generated, and 21 tokens have been created. World Chain is also…
— Wu Blockchain (@WuBlockchain) October 11, 2024
Additionally, it has generated more than 6 million transactions and facilitated the creation of 21 tokens, underscoring Worldcoin’s commitment to enhancing scalability and efficiency on the Ethereum network.
WLD Price Prediction: Analyst Forecasts Worldcoin to Revisit ATH
Crypto analyst iamRK has highlighted a significant development for WLD/USDT, with WLD surpassing a key resistance trend line on the daily chart. The next target is $2.18, marking the initial resistance zone. At the time of writing, the WLD price hovers around $1.92, with a strong bullish trend.
While a potential pullback may occur upon reaching this level, the analyst indicates that Woldcoin still exhibits substantial long-term profit prospects. This analysis displays a recent upward trend, signaling a break from previous downward movements.
WLD’s recent growth is fueled by World Chain’s launch and partnerships that enhance data insights and scalability. With upcoming events and project updates, analysts predict potential gains for WLD, possibly revisiting previous highs amid increasing ecosystem activity.
Frequently Asked Questions (FAQs)
The launch of World Chain primarily drives the price surge, Worldcoin’s new Layer-2 network, which processed over 6 million transactions, and upcoming project updates.
The collaboration with Dune Analytics enhances access to on-chain data insights, fostering greater transparency and understanding within the Worldcoin ecosystem.
The event on October 17 will reveal key updates about Worldcoin’s growth strategies, with co-founders Alex Blania and Sam Altman discussing plans to scale from 7 million to 700 million verified users.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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