Worldcoin Soars 11% With World ID Credentials Launch and $9.6M Token Unlock

• Worldcoin gains 11% as World ID Credentials launch in key markets, boosting token utility.
• $9.6M worth of WLD tokens set to unlock on November 29, fueling market anticipation.
• WLD price rises 36% in 30 days, with bullish MACD signals suggesting further short-term growth.

Worldcoin (WLD), a decentralized identity and financial network founded by OpenAI’s Sam Altman, has surged 11.22% in the past 24 hours and trades at $2.82. This price increase may be due to the debut of the new World ID Credentials and an ongoing token unlocking event.

Worldcoin introduced World ID Credentials at its “A New World” event in San Francisco and is now piloting the program in select countries, including Chile, Colombia, Malaysia, and South Korea.

World ID Credentials allow individuals to connect valid forms of ID (starting with NFC-enabled passports) to their World ID without sharing any information with Tools for Humanity (TFH), the World Foundation, or any other third party.

This new, highly secure and anonymous World ID feature increases global access to World Network and allows for greater World ID utility. It also enables people to claim additional WLD tokens.

Meanwhile, around 3.42 million WLD tokens will enter the market following the unlocking event of November 29th, according to DropsTab data. The 3.42 million WLD tokens ($9,644,400) will continue to be unlocked over five years until 23% of the supply held by TFH investors and the development team is fully unlocked.

WLD Price Action

WLD has risen 26.15% in the past week and 36.94% in the last 30 days. The Moving average convergence/divergence (MACD) indicator shows that WLD is currently bullish, with dark green bars on the MACD histogram.

Read also: Worldcoin (WLD) Price Prediction 2024-2030: Will WLD Price Hit $100 Soon?

Interestingly, the signal line is crossing below the MACD line, which means that buyers are in control and demand for the digital asset will likely continue to rise in the short term. The trading volume of WLD rose 145.22% to $1.40 billion in the past day, which supports the bullish reading provided by the MACD indicator.

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