Key Highlights:
- World ID launches in major U.S. cities, including SF, LA, and Miami, boosting visibility
- WLD forms a bullish falling wedge pattern as Coinbase confirms Optimism listing
- Visa and Match Group team up with WorldCoin to expand WLD’s real-world use cases
World ID, WorldCoin’s digital identity service, has launched in the U.S. This has renewed attention on its native token, WLD, as adoption grows.
The rollout and upcoming exchange listings have renewed focus on the WorldCoin price. New partnerships further strengthen market confidence. Technical charts indicate a potential breakout ahead. However, price action remains cautious amid market uncertainty.
World ID Expands to U.S. Cities
The team behind WorldCoin announced that its identity verification service, World ID, is now available in six major U.S. cities. San Francisco, Los Angeles, Miami, Austin, Atlanta, and Nashville are among them.
The biometric verification system will be accessible to residents through World’s signature Orb devices at standalone kiosks or stores like Razer. This system scans people’s eyes to verify their identity and create a World ID that can be used on different platforms.
Now, the technology has been integrated with Reddit, Discord, Telegram, Shopify, and Minecraft services. The system prevents fake accounts and bots in digital spaces by providing a verifiable human identity online.
World also announced a partnership with Visa to launch a “World Visa card” at an event in San Francisco. The card will allow you to make payments using WLD and other cryptocurrencies. Match Group will test World ID in its dating apps, including Tinder and Hinge, to ensure real users.
WLD Token’s Exchange Exposure Expands
The identity system of WorldCoin is gaining popularity. Coinbase responded that it will list the WLD token on the Optimism network. Liquidity requirements and jurisdictional compliance will determine the phases of trading.
Coinbase’s move could give WLD better access to retail traders and institutional investors. An increase in visibility and trading volume is often aided by listings on major exchanges. WLD’s availability will be subject to local regulatory approvals, and Coinbase monitors these.
WorldCoin says that over 12 million users have already Orb-verified, bringing the total user base to 26 million. This scale of expansion brings the World closer to creating a global, blockchain-based identity system.
Technical Chart Hints at Bullish Breakout
WorldCoin price has been mixed despite a strong news flow. WLD climbed over 10% after the U.S. launch announcement, retraced, and is currently trading at $1.05, up 3.97% on the day.
We can see a bullish pattern forming on the 4-hour TradingView chart. WLD price action has been consolidating into a falling wedge, a technical setup that leads to upward breakouts.
The MACD indicator is a momentum-tracking indicator that can tell when momentum converges, a condition often preceding price movement. The key resistance is $1.50, and the price must break above this level to confirm a new upward leg.
The Alligator indicator also indicates the convergence of the moving averages. This signals consolidation and a possible change in momentum.
Long-Term Price History and Market Sentiment
Although there is recent optimism, WLD is still a long way off its all-time high of $11.82 set in March 2024. Prices have fallen over 90% from those levels. Short-term recovery is ongoing, but long-term holders are still far from breaking even.
The pullback in WLD may also be indicative of broader regulatory issues. The project has investigated how biometric data is collected and stored in Spain and Portugal. These regions paused some of WorldCoin’s operations to address privacy issues.
But U.S. adoption could bring back investor confidence. WorldCoin’s decision to expand into the American market likely comes from the new administration’s more crypto-friendly stance. This timing could be good for WLD, especially since other AI tokens have difficulty with user adoption.
World also introduced a new in-app feature called Morpho Mini, allowing lending and borrowing through the World App. This opens up new use cases for WLD beyond ID verification. With adoption spreading, if user onboarding continues to grow, so may the demand for WLD.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
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