Crypto News – Worldcoin‘s native token, WLD, has been causing quite a stir lately in the cryptocurrency market as a whole. The WLD crypto price chart has gained a lot of attention in the cryptocurrency world due to its amazing growth over the last few days.
WLD Crypto ATH: Token Hit $7.97 Today, But Why?
The token community on X has disclosed that the growing adoption of the AI project is the primary cause of this price increase, in addition to a host of other considerations. As of this writing, the price of Worldcoin has increased by 37.860% over the last day to trade at $7.40. According to CoinMarketCap data, the weekly charts also indicate a 195.14% rise.
There are many reasons for this price increase in WLD crypto. For example, even the upcoming Bitcoin halving could play a key role in this surge. As a bull run will probably affect all altcoins in the market, it wouldn’t be surprising if WLD was also affected.
On the other hand, the fact that Alameda Research still owns 25 million WLDs despite going bankrupt causes a lot of speculation. In this direction, it is even thought that Alameda will pay its debt to creditors by selling WLD.
A third possibility is the announcement of Sora, a text-to-video conversion platform. The fact that Sam Altman is at the helm of the project can be seen as both increasing confidence in artificial intelligence and increasing interest in the WLD token. But all three of these possibilities are, of course, hypotheticals. More realistic reasons seem to be the rise of project adoption and the increasing accumulation of whales.
More than 1 Million People Registered on the World App
This week, over 1 million people signed up for World App, the wallet developed by Worldcoin, according to a recent statement released by the community. The World App wallet users have reportedly crossed one million, according to a community post on X dated February 17. This represents a wave of successes for the Worldcoin project. Immediately following the WLD price boom, there was a sharp increase in the project’s widespread adoption.
A whale’s enormous 2.09 million WLD accumulation from a CEX, meantime, just resulted in an additional 25% pump. One of the top cryptocurrency exchanges in the world, Binance, provided 2.09 million WLD tokens worth $5.82 million to a wallet address called 0x0007, which drove up the price by more than 25% this week, according to a CoinGape Media report.
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