Worldcoin’s native token, WLD, has grabbed the attention of the cryptocurrency community, registering an impressive 80% increase in value over the past fortnight. This surge has piqued the interest of everyday crypto users and caught the eye of industry experts.
Riyad Carey, a distinguished crypto analyst, recently highlighted a surge in WLD buying on Binance within 24 hours. Drawing on data from Kaiko, a leading cryptocurrency data provider, Carey pinpointed an influx of roughly $1 million into WLD on Binance in a mere six-hour window. This substantial buying spree propelled WLD’s value, culminating in a 5% boost for the Worldcoin token. Moreover, the analysis suggests that a phase of WLD accumulation could be on the horizon.
Carey’s insights don’t stop at Binance. A pattern emerges by examining WLD’s volume across various cryptocurrency exchanges, including giants like Uniswap, Bithumb, Bybit, Kucoin, OKX, and Binance. Only Binance, as of September 25, exhibited a remarkable uptick in the cumulative volume. Intriguingly, Binance had also witnessed the most significant drop in WLD’s cumulative volume over the previous week.
Launched in July 2023, Worldcoin swiftly climbed the crypto ranks after its debut on multiple exchanges. The fresh token’s introduction led to a soaring price, peaking at a staggering $5.290 before closing at $2.161 on its inaugural trading day. Such volatility, while noteworthy, is par for the course in the crypto sphere, especially for new, much-anticipated projects.
In the subsequent months, WLD’s trajectory remained stable, oscillating between $2.525 and $0.972. However, the token’s recent upswing has set a mid-term resistance pegged at $1.724, based on figures from TradingView. Currently hovering at $1.726, all eyes are on WLD as it endeavors to breach this resistance, potentially setting the stage for even loftier valuations.
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