Sam Altman-backed World Chain on Friday announced a strategic alliance to streamline cross-chain transactions across the layer 2 network. Notably, the AI-meets-crypto project is integrating Across to ensure affordable cross-chain transactions across multiple EVM-compatible chains, marking a monumental endeavor. Meanwhile, crypto market enthusiasts anticipate if the layer 2 network’s crypto Worldcoin (WLD) price may hit $10 ahead in the wake of the recent advancement.

World Chain Integrates ‘Across’ Streamlining Cross-Chain Transactions

According to an official World announcement dated November 1, Across has been integrated into the network to ensure secure and affordable cross-chain transactions. “This integration enables World Chain to expand into the broader Ethereum L2 landscape starting on day one,” the announcement pointed.

Primarily, the integration brings two vital features to the layer 2 network, magnetizing users from across the globe. Firstly, developers on the network can build powerful cross-chain applications with native interoperability. Also, users can seamlessly bridge ETH, wETH, USDC, and wBTC from other chains to the Sam Altman-backed ecosystem.

Further, the AI-crypto network now supports ERC-7683, a swapping standard co-developed by Across and Uniswap, with the collaborative endeavor coming into play. Overall, the announcement triggered noteworthy market discussions surrounding the AI coin’s crypto journey, with market watchers also gauging in on the coin’s price movements.

WLD Price To Hit $10?

At the time of reporting, WLD price dipped nearly 2% intraday and is trading at $1.93. The coin’s 24-hour low and high were registered as $1.85 and $1.99, respectively. The monthly time frame chart indicated 15% gains for Worldcoin, underscoring the AI crypto’s potential to offer gains. Simultaneously, market watchers remain optimistic about future movements in light of the abovementioned World Chain development.

However, a $10 price target remains highly optimistic, given the current dynamics. Coinglass data indicated a 4% drop in the coins futures OI to $214.60 million, birthing uncertain sentiments over a $10 price target.

Nonetheless, a recent WLD price analysis by CoinGape Media revealed key factors that the token should achieve in order to hit $10. These include overcoming hurdles such as the 200-day exponential moving average (EMA) and topping resistance at around $3.00. Crypto market participants continue to monitor the token for price action shifts amid recent developments.

The post World Chain Eyes Ethereum Layer 2 Expansion With New Integration, WLD Price To $10? appeared first on CoinGape.

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Filed under: News - @ November 1, 2024 1:21 pm