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

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. 

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.

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. 

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