Worldcoin Joins In Increasing Bitcoin And Ethereum

JAKARTA - Worldcoin (WLD) is a crypto project aimed at building an inclusive and democratic global identity and financial network. The project is led by Sam Altman, CEO of OpenAI, a leading artificial intelligence research organization.

Worldcoin uses a technology called Orb, a physical imaging device that can verify humanity and uniqueness of users without revealing their identity. Any verified Orb user is entitled to a free WLD token, which can be used to participate in Worldcoin protocol governance and utilities.

Recently, WLD experienced a significant price increase, in line with the positive trend in the overall crypto market. According to data from CoinMarketCap, WLD is currently trading at 3.93 US dollars (Rp 61,468.35), up 22.40% in the last 24 hours. In the past week, WLD has jumped 61.50%, reflecting high demand from investors. WLD trading volume also increased 53.72% to 304,528,264 US dollars (Rp 4.75 trillion) in the last 24 hours, indicating high market activity.

With this price increase, WLD's market capitalization has also experienced a significant increase. WLD currently has a market capitalization of 508,613,121 US dollars (Rp 7.94 trillion), up 22.78% in the last 24 hours. This makes WLD the 120th largest cryptocurrency by market cap, placing it among the top digital assets in the world.

One of the factors that might contribute to the increase in WLD prices is the presence of a "whale" (crypto asset holder) that removes large amounts of tokens from the crypto exchange. According to Spot On Chain, a crypto analytics firm, a whale moved 2.09 million WLD from Binance, the world's largest crypto exchange by market cap, on Wednesday at a price of 2.78 US dollars (Rp 43,410.70) per token. At the time of transaction, the asset was worth about 5.82 million US dollars (Rp 90.86 billion). However, after the recent WLD price spike, the asset value jumped to 8.03 million US dollars (Rp 125.36 billion).

The surge in WLD prices occurred in line with a broader spike in the crypto market, with Bitcoin and Ethereum leading the way. The two largest crypto assets in the industry hit new milestones above $52,000 and $2,800 respectively following a growing interest in the economy following the introduction of the first BTC ETF spot in the United States.

BTC spot ETF is an investment product that tracks the price of Bitcoin directly and allows investors to buy and sell Bitcoin without having to physically own the asset. BTC spot ETF is considered an important step to increase Bitcoin adoption and legitimacy among institutional and retail investors.

Worldcoin is one of the most innovative and ambitious crypto projects in the space, with a vision to create a fair and inclusive network of identities and finance for everyone. With a significant price increase and trading volume, WLD shows the potential to become an impactable and valuable digital asset in the future.