Main navigation

New Worldcoin (WLD) Soars 55% on Debut Day, Here's Why

Mon, 07/24/2023 - 16:37
article image
Tomiwabold Olajide
Newly launched Worldcoin (WLD) gains traction on first day with 55% gains
New Worldcoin (WLD) Soars 55% on Debut Day, Here's Why
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The newly launched Worldcoin (WLD) token of the Worldcoin crypto project gained ground on its debut day as investors jumped on the hype around artificial intelligence.

Worldcoin's price increased from $1.70 to $3.58 before reverting to $2.25 as of press time.

At the time of writing, Worldcoin was up 55% in the last 24 hours. The project's white paper states that the coin's initial supply is fixed at 10 billion tokens. The current circulating supply is 104,872,616 WLD tokens, per CoinMarketCap data.

Eyeball-scanning crypto project Worldcoin officially launched on Monday after three years of development.

Worldcoin Project: $100 Million Goal in Sight

The cryptocurrency initiative, which is now generating buzz, scans people's eyes with a tiny gadget called an "orb" to create a distinctive digital identity. According to Worldcoin lingo, the identification, or World ID, confers "proof of personhood" to its owner.

Worldcoin, co-founded by OpenAI Chief Executive Officer Sam Altman, has announced that it has begun the rollout of 1,500 orbs to meet global demand for world ID.

According to the cofounder's letter, if Worldcoin is successful, it may vastly expand economic opportunities and scale a solid method for differentiating real people from AI online.

Exchanges announce support for Worldcoin

Following its successful launch, some cryptocurrency exchanges have announced support for Worldcoin (WLD). Among the cryptocurrency exchanges that have listed the coin are Binance, and KuCoin.

Today, Binance launched trading for WLD under two pairs — WLD/BTC and WLD/USDT — according to an announcement. Withdrawals for the WLD token are expected to begin on July 25, 2023.

Sam Altman's WorldCoin Unveils Tech to Prove You Are Human

Bitmex crypto exchange just announced it will be listing a WLD/USD perpetual swap pair on July 25, 2023, at 4:00 a.m. UTC.

article image
About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.