Worldcoin Soars 31%: Will Network Upgrades Push WLD Price Higher?

Christian Encila

8 months ago

3 mins read

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Worldcoin (WLD) is taking investors by storm as the token performs extremely well in the present market environment. Despite the market experiencing a slight pullback today, WLD surged 31% since last week, representing a huge jump in value as the protocol continues to expand its services.

Worldcoin’s identity-proving technology continues to expand. Just this week, several developments continue to arouse curiosity in the minds of retail investors. If the trend keeps up with the market’s seemingly continuous bullishness, WLD will cover ground in the long term.

Worldcoin Services Expand To Three New Countries

In a blog post, Worldcoin’s World ID services were announced to be available in three new countries: Guatemala, Poland, and Malaysia. The decision was made against the backdrop of the surprisingly quick advancement of artificial intelligence technology and its possible use in fraud worldwide.

Wordlcoin’s proactive technology concerning individual privacy in the world aims to combat this providing a decentralized way to check someone’s identity using the platform’s novel proof-of-personhood approach which is detailed in their whitepaper.

In Guatemala alone, majority of the population have a growing need to know whether the thing they’re communicating with is either human or a bot.

WLDUSD trading at $2.134 on the daily chart: TradingView.com

According to Worldcoin, 83% of the country desires to know whether the content they’re viewing was made by AI, 84% is concerned with the fast advancement in AI technology making it harder for them to discern humans from bots, and 88% support technologies that check whether the “person” they’re interacting with is a human or a bot.

With the growing need for AI in every facet of a person’s daily life, Worldcoin’s technology might have a place in keeping individual privacy safe.

Beginning September 25, orbs, physical locations where people can verify their identity, will become available in Guatemala. As of now, no word of further deployment in Poland, but the World ID service has been announced on Malaysia earlier this week.

Possible Pullback To Occur Later This Week

WLD has experienced exponential growth, but it may be hindered by the fact that the bulls have exhausted their momentum which leaves only room for the token to either stagnate or fall in the coming days.

The token’s relative strength index (RSI) shows that WLD might show weakness withnen the next 72 hours as continuing the upward trajectory will only hurt future gains even more. With this in mind, investors who are holding WLD in the long-term still have a great anchor to rely on as continued development of the platform maintains its relevance in an ever AI-reliant world.

Featured image from Forkast News, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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