Sam Altman's rebranded **cryptocurrency project**, Worldcoin, is ramping up its novel **iris-scanning** initiatives. Following the rebrand, Altman's Worldcoin token fell 10% but is now hinting at a bullish rebound as global adoption of the World ID grows. The token, now called World, showed a new iris-scanning device named Orb for user verification. The World project also announced a new layer-2 network, 'World Chain.' Despite the recent price drop, WLD token's price hit a 5-month high, indicating a possible bullish breakout soon. However, the price slump raised some questions about Worldcoin's potential in 2025. WLD coin showed signs of recovery amidst intensified selloffs by Alameda Research. Despite some negative sentiments due to rebranding and unveiling of Orb 2.0, it's price seems associated with meme coins. More developments were observed as Worldcoin announced creating a bridge with the **Solana ecosystem**, and launched the World ID verification service in Austria, pushing the WLD price up again. The coin has also made headway with its facial recognition technology. However, it faces legal challenges for violating data policies in Colombia. The recent coin selloffs by Alameda Research and some rumors of a 'fake AI coin' also cast a shadow over Worldcoin. However, the demand seems to be significantly growing, pushing the WLD price to historic high once again. The unveiling of **World ID** for its app, possible partnerships with OpenAI, token unlock schedule extended to 2028 and propelling of Worldcoin price to $2 are among other significant developments. Nevertheless, with multiple coins launching and rebranding, and the fluctuating market, it remains to be seen how high WLD can go in 2024 and beyond.
WLD Coin News Analytics from Mon, 19 Feb 2024 08:00:00 GMT to Thu, 31 Oct 2024 16:15:00 GMT -
Rating 4
- Innovation 5
- Information 6
- Rumor 2
