Worldcoin Price Prediction 2024: What Will Layer-2 Mean for WLD?
Can WLD benefit from founder Sam Altman’s OpenAI exit?
- Worldcoin’s WLD native token climbed after the OpenAI-Altman turmoil of late 2023.
- It jumped further on the news of OpenAI’s Sora launch but it dropped in mid-March.
- How will WLD react to Layer-2 news?
- One price prediction says it may reach $21.20 next year.
Worldcoin, Sam Altman’s cryptocurrency venture, has fallen after surging dramatically in February.
The driving forces behind the rise were straightforward, primarily stemming from widespread excitement ignited by OpenAI’s latest creation, Sora. This AI application lets users generate videos from text, sparking a wave of anticipation and fervor across the tech and investment communities.
While Sora and Worldcoin operate independently, they share a common founder in Sam Altman. His reputation is amplifying investor interest in both projects, further fueling their potential growth.
The coin had a mixed March and, after jumping on Sora’s news, it dropped in line with all the crypto market.
But Sam Altman’s Worldcoin, a proof-of-humanity project, is now gearing up to leverage its own Layer 2 blockchain to enhance efficiency during user onboarding. The upcoming Layer 2 solution, dubbed World Chain, will be bolstered by Ethereum’s security measures, as confirmed in a recent statement. Furthermore, verified human users will receive preferential treatment in terms of blockspace allocation over bots, along with some complimentary gas, according to the same statement.
While the Worldcoin Foundation is officially spearheading the launch of this new Layer 2, it’s worth noting that Worldcoin has been predominantly developed and promoted by Tools for Humanity.
Let’s examine some of the Worldcoin price predictions being made on April 22, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.
| 2024 | 2025 | 2030 | |
|---|---|---|---|
| Prediction #1 | $12.35 | $14.58 | $41.81 |
| Prediction #2 | $15.62 | $21.20 | $49.09 |
| Prediction #3 | $8.80 | $10.02 | $25.86 |
First, CoinCodex had a short-term Worldcoin price prediction which said that the token would be somewhat volatile in the coming weeks, with it dropping to $7.18 by April 27 and reaching $18.07 by May 21. The site’s technical analysis was neutral, with 17 indicators sending bullish signals and seven making bearish ones.
Worldcoin Price Prediction for 2024
DigitalCoinPrice said that Worldcoin could reach $12.35 this year. However, Bitnation said WLD could increase to $15.62 by December and SwapSpace said it would go up to $8.80 this year.
Worldcoin Price Prediction for 2025
DigitalCoinPrice’s Worldcoin price forecast had it reach $14.58 next year. Bitnation said it would trade at $21.20. SwapSpace thought WLD would be worth $10.02 in 2025.
Worldcoin Price Prediction for 2030
Looking at a more long-term Worldcoin price prediction, DigitalCoinPrice said it would be worth $49.09 in 2030. Bitnation thought it would reach $69.95 that year. SwapSpace’s WLD price prediction said it would stand at $25.86 at the start of the next decade.
Google Gemini AI Price Prediction for Worldcoin (as of March 21)
Google’s Gemini AI platform gave the following price prediction for Wordlcoin on April 22. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.
Short Term (Next three months)
- Expected price: $5.00
- Factors to Consider:
- Market volatility: The cryptocurrency market is highly volatile, meaning prices can fluctuate significantly in short periods.
- Project developments: Any significant news or developments related to Worldcoin, such as partnerships or technological advancements, could impact the price.
- Regulatory landscape: Changes in government regulations related to cryptocurrencies could also affect the price.
Medium Term (Next six months)
- Expected price: $7.00
- Factors to Consider:
- Overall market sentiment: If the general sentiment towards cryptocurrencies is positive, it could benefit WLD’s price. Conversely, negative sentiment could lead to a price drop.
- Worldcoin project development: Significant developments or partnerships within the Worldcoin project could positively impact the price.
- Regulations: Regulatory changes from governments could affect the entire cryptocurrency market, including WLD.
Long Term (Next five years)
- Expected price: $18.00
- Factors to Consider:
- Market sentiment: Overall market sentiment towards cryptocurrencies can significantly impact the price of WLD.
- Regulation: Government regulations on cryptocurrencies can also affect the price.
- Adoption and Use Case: The wider adoption and use cases of Worldcoin technology will influence its demand and subsequently, its price.
- Competition: The presence of competing cryptocurrencies with similar functionalities can impact the price of WLD.
WLD Price History
Now, let’s examine the, admittedly brief, Worldcoin price history . While we should never take past performance as an indicator of future results, knowing what the coin has achieved can provide us with some very useful context if we want to make or interpret a Worldcoin price prediction.
WLD first came onto the open market in July 2023. On July 24, it opened at an all-time low of $1.66 before reaching an all-time high of $3.58 later that day. Since then, it has fallen down and, on August 4, 2023, it was worth about $2.30.
It then ended 2023 at $3.6392 before moving slightly down in January 2024. The following month, it boomed, jumping to $7.9081 on February 29, 2024.
It’s worth $5.61 on April 22, 2024.
At that time, there were 191.6 million WLD in circulation, out of a total supply of 10 billion. This gave the token a market cap of about $1.07 billion, making it the 83th largest crypto by that metric.
Worldcoin Price Analysis
WLD climbed to a high in early March, but fell down by the middle of April.
The daily chart Relative Strength Index signaled that WLD was oversold then, hinting at a possible short-term rebound. It recovered, but is now approaching its price resistance.
Wave structure analysis indicates WLD has completed a five-wave uptrend, implying the following downturn was a correction. If WLD makes a breakout above resistance, that could signal a larger recovery, with the potential to surpass its all-time high.
However, should we see a rejection the price could make another downturn and continue its downward trajectory below $4.
Recent Updates from Worldcoin
Worldcoin introduced World Chain, “a new blockchain designed for humans,” it said.
“World Chain will be open to everyone. Verified humans, including more than 5 million verified World ID holders, will get priority blockspace over bots & a gas allowance for casual transactions.”
Is Worldcoin a Good Investment?
It is difficult to tell. Worldcoin is under the spotlight after the news regarding Sora. Whether it can capitalize on that, and whether investors can remain interested in it, is another matter. It is worth noting that Worldcoin is a long-standing token and it has never quite broken through into being a major crypto. We shall have to see whether the upgrade will change that.
As ever with crypto, you will need to make sure you do your research before deciding whether or not to invest in WLD.
Will Worldcoin go up or down?
No one can tell right now. While the Worldcoin crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Should I invest in Worldcoin?
Before you decide whether or not to invest in WorldCoin, you will have to do your research, not only on WLD but on other, related, coins and tokens such as The Graph (GRT) or Ethereum Name Service (ENS). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
Who are the Founders of Worldcoin?
Worldcoin project was started by a company called Tools for Humanity (TFH), founded by Sam Altman, Max Novendstern and Alex Blania in 2019.
Who Owns the Most Worldcoin (WLD) Tokens?
On April 22, 2024, one wallet held 20.67% of WLD’ supply.
Richest WLD Wallet Addresses
As of April 22, 2024, the five wallets with the most WLD tokens were
- 0x24089292d5e5b4e487b07c8df44f973a0aab7d7b. This wallet held 103,373,378 WLD, or 20.67% of the supply.
- 0xb419e04e52e7a9e00a9d1661d7533872b6d3a026. This wallet held 48,141,056 WLD, or 9.63 % of the supply.
- 0x085b1a2427f6118b6d303f49652e73090ce9d2f0. This wallet held 38,408,214 WLD, or 7.68% of the supply.
- 0x2074f7a64a860daff3a43adddae872638339f1e1. This wallet held 35,751,471 WLD, or 7.15% of the supply.
- 0x626d1129831bace1b963853a076b4eed09b4f14b. This wallet held 30,000,000 WLD, or 6.00% of the supply.
Fact Box
| Supply and distribution | Figures |
|---|---|
| Maximum supply | 10,000,000,000 |
| Circulating supply (as of April 22, 2024) | 191,604,435 (1.92% of maximum supply) |
| Holder distribution | Top 10 holders owned 70% of supply, as of April 22, 2024 |
From the Whitepaper
In its technical documentation, or whitepaper , Worldcoin says it was founded with the mission of creating a globally-inclusive identity and financial network, owned by the majority of humanity. If successful, Worldcoin could considerably increase economic opportunity, scale a reliable solution for distinguishing humans from AI online while preserving privacy, enable global democratic processes, and show a potential path to AI-funded UBI.
Worldcoin consists of a privacy-preserving digital identity network (World ID) built on proof of personhood and, where laws allow, a digital currency (WLD). Every human is eligible for a share of WLD simply for being human. World App currently complements World ID and WLD, the first frontend to World ID and the Worldcoin Protocol, developed by the contributor team at Tools for Humanity (TFH).
Worldcoin (WLD) Explained
The Worldcoin protocol is intended to be the world’s largest identity and financial public network, open to everyone regardless of their country, background, or economic status. World ID is a privacy-preserving digital identity designed to help solve important, identity-based challenges, including proving an individual’s unique personhood. WLD is a token providing utility and giving users a say over the direction of the Worldcoin protocol. WLD is the first token to be globally and freely distributed to people just for being a unique individual.
How Worldcoin Works
It developed a device called Orb, which scans the iris of individuals to prove their uniqueness and humanness and assigns them a World ID that they can use as a global digital passport.
Worldcoin Attention Tracker
Here is a chart for the Worldcoin Google search volume for the past 90 days. This represents how many times the term “Worldcoin WLD” has been Googled over the previous 90 days.
FAQs
Will Worldcoin Reach $100?
It might do but all main price predictions don’t see it reach a three-figures value in a decade.
What is Worldcoin used for?
Worldcoin is a digital identification platform that aims to provide each person on earth with a convenient way to verify that they are a real human and not a bot or an AI algorithm.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
