- WLD hit $5.50 after the project’s wallet registered 1 million daily active users.
- If WLD closes below the 9 EMA, the price might decrease to $4.17.
- Open Interest climbed by 24.61%, suggesting a further price increase
The price of Worldcoin (WLD) jumped by a staggering 17% in the last 24 hours, CoinMarketCap data showed. At press time, WLD’s price was $5.26. But the token had initially attempted to reach $5.50 earlier before it pulled back a little.
Interestingly, this was coming at a time when market prices of most cryptocurrencies declined. However, Coin Edition was able to identify one of the major reasons for the hike. On February 17, Worldcoin, through its official X handle, announced that World App has surpassed 1 million daily users.
World App, the first wallet built for the Worldcoin project, passed 1M daily users this week. This community is incredible pic.twitter.com/Mf6Y51gscQ— Worldcoin (@worldcoin) February 17, 2024
For those unfamiliar, World App is the native wallet of the Worldcoin project. It is designed to bring digital identity and global finance to its users. Therefore, the milestone implied that adoption of the project has be…
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