Worldcoin (WLD) Adoption Skyrockets in Chile, Price Reaches $1.70

Worldcoin recently revealed a pivotal achievement as over 200,000 Chileans have created a World ID, representing 1% of the country’s population. The initiative utilizes the “Orb,” a device designed for privacy-conscious digital identification. Consequently, once verified, users can confidently prove their unique human identity.

More than 200K Chileans have now verified their World ID 🫡https://t.co/KOfcq8yh53

— Worldcoin (@worldcoin) September 24, 2023

Moreover, Worldcoin’s development company, Tools For Humanity (TFH), champions the World ID’s “Proof of Personhood, ” distinguishing between humans and bots. Worldcoin claimed to pave the way for a global economic opportunity that could elevate the platform’s significance.

Global Engagement and the Path Forward

Beyond Chile, the global outreach of Worldcoin continues to impress. The TFH team has already authenticated almost 2 million individuals globally. This rapid expansion underlines Worldcoin’s growing clout in the crypto universe. However, this doesn’t mean they’re exempt from regulatory hurdles. But, the dedication to bringing digital currency benefits to the masses remains evident.

Furthermore, during a chat on the Ethereum Argentina Mainnet Stage, Alex Blania, Worldcoin’s co-founder and TFH’s CEO delved into the positive Chilean response. Blania emphasized Chile’s tech-savvy environment and its welcoming approach to cryptocurrencies. According to him, this combination positions Chile as a potent hub for crypto innovation.

In addition to their Santiago base, TFH, seeing the rising demand, has established footprints in Vina del Mar and Concepcion. This move testifies to Worldcoin’s capacity to connect with diverse demographic segments in Chile.

WLD Price Analysis

Consequently, positive momentum has regained market dominance in the Worldcoin (WLD) market, leading to a jump from the 24-hour low of $0.9758 to the 30-day record high of $1.70.

If buyers get enough traction to push prices over $1.70, the next level of resistance to watch is $2.00. However, if bears take control of the market, a fall to the downside is possible, with $1.50 and $1.30 serving as potential support levels.

WLD/USD 24-hour price chart (source: CoinStats)

WLD’s market capitalization and 24-hour trading volume increased by 7.28% and 62.68%, respectively, to $220,968,779 and $128,491,025. This increase in market capitalization and trading volume demonstrates high investor interest in Worldcoin (WLD).

Additionally, it indicates a great deal of activity and liquidity in the market, both of which may help sustain the price growth of WLD.

In conclusion, Worldcoin gains momentum as over 200,000 Chileans embrace the World ID, while WLD’s market soars to new heights at $1.70.

Disclaimer: The views, opinions, and information shared in this price prediction are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be liable for direct or indirect damage or loss.

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