Worldcoin Surges 10% As Global Fund Raises $135 Million!

Worldcoin has seen a 10% jump in the past day, fueled by a spectacular $135 million capital raise from the World Foundation.

Major capital increase for growth

As announced by the World Foundation on May 21, this new funding will be used to further expand its iris-based identity network, World ID. Leading the fundraise are Andreessen Horowitz and Bain Capital Crypto, who have purchased Worldcoin (WLD) tokens at market value, increasing the circulating supply of these tokens.

More users, more credibility

With over 26 million users and 12,5 million Orb verified IDs in over 160 countries, this institutional support gives the project an extra credibility. The market has responded positively to this news.

Increased trading activity

Trading volume has increased by 87% to over $508 million, while derivatives volume has even increased by 112% to $879 million. Open positions have also increased by 23%, now standing at $280 million, according to data from Coinglass. After months of declines, this sharp increase signals a change in trader sentiment as capital flows back into WLD. Despite this, the token is still 89% below its peak of $11,74 in March 2024.

Technical analysis points to strength

Technically, Worldcoin’s price action is showing signs of strength. After recovering from support around $1,00, it has moved up to $1,24. This rise is accompanied by strong momentum and increasing volume, indicating that the bulls may be regaining control. The price is above the short- and medium-term moving averages, which are currently trending up – a common bullish signal.

Growth and upside potential

The relative strength index is slightly above 60, indicating that there is still potential for growth without reaching overbought levels. The expanding Bollinger Bands suggest a possible breakout. If the bulls manage to break through the crucial resistance around $1,30, the next important barrier lies around $1,38.

Fundamentals and future perspectives

The on-chain fundamentals remain both a risk and a strength. The recent token sale has increased the supply of WLD, which could put pressure on the price in the short term. However, the fact that this was not a dump by venture capitalists, but a sale to two long-term investors at market price, changes the narrative.

Furthermore, if Worldcoin can effectively use the new money to expand its World ID infrastructure, especially in jurisdictions like the US where digital identity regulations are becoming stricter, it could establish a unique position at the intersection of AI, privacy and identity. “This could be the price of admission to a revolution in digital identity solutions!”

Price Movement Preview

If the current momentum continues, WLD could move in the range of $1,37 to $1,50. A breakout above that level could lead to a powerful rally while short sellers get squeezed. On the other hand, if buyers lose interest and the token drops below $1,20, a pullback to $1,10 or even $0,95 is still possible.

Frequently Asked Questions

What is the current price of Worldcoin?
The current price of Worldcoin stands at $1,24, with potential for further upside.

How does the recent capital increase affect the future of Worldcoin?
The $135 million capital raise will enable Worldcoin to expand its digital identity infrastructure, which could lead to more applications and users in the long term.

What can we expect from WLD's price movements?
If the upward momentum continues, we can expect a move between $1,37 and $1,50, with potential for a rally on a breakout above that level.