Worldcoin token climbs 20% in a few hours

On November 13, the project’s native token Worldcoin (WLD), associated with Sam Altman, rose from $1.87 to $2.26 — up 20%.

Judging by the chart, the rise is accompanied by a spike in trading volume.

The Relative Strength Index reached the overbought zone boundary, but did not breach it.

WLD’s market capitalization rose from $215 million to $241 million, according to CoinGecko. The 24-hour trading volume reached $76.6 million.

Notably, the coin’s rise occurred amid a broad market lull. Over the past 24 hours, almost all leading assets barely moved in price.

The positive momentum may be linked to the addition of support for Asian languages, including Korean, Simplified Chinese, Hindi and Japanese.

Learnings from Asia in preparation for new Worldcoin launches ?https://t.co/B6FzwRrHZz

— Worldcoin (@worldcoin) November 12, 2023

Since the launch of Worldcoin, Asia has become one of the project’s largest markets, according to a company statement. As of publication, around 1.4 million accounts had been created in the region.

Since the launch of Worldcoin Asia has become one of the project’s largest markets, according to a company statement. As of publication, around 1.4 million accounts had been created in the region.

The World ID protocol is based on zero-knowledge proofs. It is a tool that allows people to verify their identity using biometric data or a phone number.

Altman admitted there were problems with Worldcoin. In his view, the operational processes and overcoming resistance to collecting biometric data remain challenging tasks.

The United Kingdom, France, Germany, Kenya and Argentina have shown interest in Worldcoin since the project’s launch.