Worldcoin Surges in Popularity: What You Need to Know
Worldcoin (WLD) has been creating waves in the cryptocurrency sphere, showcasing a remarkable surge in user adoption and price activity. With a 16% rally recently and over 1 million users onboarded, WLD might be on the verge of breaking the $1 resistance mark. But what’s fueling this momentum?
Growing Network Usage and Adoption
Since its launch, Worldcoin has experienced significant growth in network demand and on-chain activity. According to Token Terminal data, the altcoin saw a 170% increase in active addresses over the past 12 months. From May to November alone, the number of active users jumped by over 500,000, reaching a new milestone of 1 million active addresses. This growth has been supported by a robust average of 60k–90k daily active users, showing sustained engagement.
Spot and Futures Markets Signal Strong Interest
Worldcoin’s impressive performance hasn’t gone unnoticed in the trading market. Buyers have dominated both spot and futures trading of the cryptocurrency. CoinGlass reports indicate a notable negative Spot Netflow of -$2.18 million, signifying an outflow likely driven by increased accumulation by traders. Meanwhile, Futures data from CryptoQuant highlights a surge in whale activity, with consistent large buy orders throughout the past week.
On Hyperliquid’s perpetual market, buyers have shown strong control, recording 7.77 million buy contracts in the last 24 hours compared to 6.4 million sell contracts, according to Nansen data. This buyer-dominated activity hints at potential upward pricing pressure.
Price Analysis and Future Outlook
Currently, Worldcoin is trading at around $0.82 after hitting a recent high of $0.87. With strengthening on-chain demand and bullish market sentiment, analysts believe WLD could challenge the $1 resistance level soon and aim for a target near $1.2, supported by growing user growth. However, price retracement to $0.68 is possible if demand slows down.
Why Worldcoin Matters in the Crypto Landscape
Worldcoin’s exponential growth reflects broader trends of increasing cryptocurrency adoption globally. Its unique proposition as a project trying to blend blockchain technology and digital identity solutions makes it a standout in the altcoin space.
Product Spotlight
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Disclaimer: Cryptocurrency investments are high-risk and require thorough research. Make informed decisions before trading or buying.
