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Worldcoin’s World App surpasses vital user milestone amid steady community support

By:
on Feb 19, 2024
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  • The WLD wallet recorded over 1 million daily users last week.
  • Enhanced enthusiasm saw WLD price gaining over 160% on its weekly chart.
  • Soaring open interest indicates more surges for the altcoin.

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Sam Altman’s Worldcoin (WLD) has battled to maintain and attract users since its somewhat rough debut. The project revealed that its native World App wallet exceeded 1 million 24-hour users last week. Meanwhile, the milestone underscored the impressive adoption of the project and increasing WLD demand.

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Worldcoin designed the World App to offer users access to global finance and digital identity.

WLD price riding bullish waves

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Worldcoin maintained bullish charts at press time as it defied market trends over the last few sessions. It jumped more than 26% over the past day and a staggering 165% in the previous week to its current value of $6.71.

WLD 7D Chart on BitGet

Meanwhile, the Exponential Moving Averages display a bullish near-term outlook as the token overcame the resistance at $4.55. WLD broke past the 9- and 20 EMAs, suggesting buyer dominance.

Worldcoin seems poised for extended surges upon a decisive close beyond the EMAs. Nevertheless, enthusiasts should watch for possible profit-taking in the near term. Such events might push the WLD price to close beneath $4/83 to postpone the upward journey.

Increasing open interest suggests continued upsides

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Invezz.com highlighted that the ongoing WLD recovery comes amid soaring futures and spot volume. Also, the asset’s open interest remained elevated in the past few weeks, signaling surging demand among Worldcoin investors.

Coinglass stats show WLD’s open interest jumped 25.41% to press time values of $270.13 million.

WLD price might extend the current upside if open interest continues to surge. However, possible profit-taking and broad market influence remain crucial for Worldcoin’s price trajectory.

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