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Worldcoin (WLD), the brainchild of OpenAI CEO Sam Altman, has experienced a significant level of positive traction in the past month. Notably, Worldcoin gained by over 50% in mid-December to attain an all-time high of $4.6. Although the token soon fell from these heights trading at $3.35 on December 25, it appears that WLD may be gathering momentum for another bullish breakout.<\/span><\/p>\n According to data from CoinMarketCap<\/a>, Worldcoin has gained by 9.68% in the last seven days, signifying a steady rise in buying pressure from investors in the WLD market.\u00a0<\/span><\/p>\n Using data from IntoTheBlock, popular crypto analyst Ali Martinez has given more insight into this bullish trend. On December 30, he shared<\/a> via X that the number of WLD whales in possession of 10,000 to 100,000 WLD rose by 16.33% in the last week. <\/span>Interestingly, this price increase and network growth occurred a few days after Worldcoin announced its expansion into the crypto-friendly nation of Singapore.\u00a0<\/span><\/p>\n #Worldcoin<\/a> | The number of #WLD<\/a> whales holding between 10,000 and 100,000 $WLD<\/a> has increased by 16.33% over the past week! pic.twitter.com\/ps9xzcMtVd<\/a><\/p>\n \u2014 Ali (@ali_charts) December 30, 2023<\/a><\/p>\n<\/blockquote>\n \u00a0<\/p>\n In a blog post<\/a> on December 27, the crypto project stated that it had successfully set up physical screening locations in the Asian nation allowing interested users to undergo the World ID verification process and join its growing network.\u00a0<\/span><\/p>\n Beyond Singapore, Worldcoin also shared that it has registered an increased presence in several nations in the last month. These include Spain, Germany, Chile, and Japan. <\/span>Notably, in Argentina, the crypto project recorded a national record of over 10,000 World ID verifications in a single day. Apparently, these multiple strides appear to have increased investor confidence in Worldcoin, as indicated in the price action stated above.\u00a0<\/span><\/p>\n Based on recent developments surrounding Worldcoin, the token seems poised for a major boost in adoption which could translate into a price rise over the next few weeks. <\/span>Aside from its expansion into new nations, the launch of the World ID 2.0 in mid-December, which introduced integrations with various Apps such as Reddit, Shopify, and Telegram, is also regarded as a positive development by the project\u2019s growing number of users.\u00a0<\/span><\/p>\n Interestingly, Martinez predicts<\/a> that WLD could soon experience an 80% rally based on chart indicators alone. If this projection proves true, the altcoin could trade as high as $6.30.<\/span><\/p>\n However, despite all these indications, it must be noted that Worldcoin remains under heavy regulatory scrutiny in some nations due to privacy concerns in regard to user data.<\/span><\/p>\n Worldcoin operations have been actively suspended in Kenya<\/a> and are under investigation in Germany<\/a> and the United Kingdom. In fact, the crypto project recently halted its orb verification service in Brazil, France, and India although citing a \u201climited time access\u201d on the screening orbs provided in these markets.<\/span><\/p>\nSingapore Launch, Among Others Spurs Interest In Worldcoin<\/h2>\n
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