The post Worldcoin Targets $2 as it Launches on Solana appeared on BitcoinEthereumNews.com.

Recent developments that include OPENAI’s launch of o1, its latest product has triggered a bullish momentum for WorldCoin (WLD). The price of the cryptocurrency started rising after OPENAi announced the launch of o1. As a result, the coin has gained by 5.2% within the last 24 hours and by 5.3% during the previous week. At the time of writing, Worldcoin is trading at $1.50 WLD/USDT at Gate.io crypto exchange.  The following graph shows the coin’s price performance within the last 7 days. WLD Price Weekly Chart – CoinGecko As observed on the graph, the coin recovered from a low of $1.39 recorded on 16 September. Although WLD is in an uptrend it is facing stiff resistance at $1.51. If it breaks above that level its next strong resistance point will be at $1.57. However, the outcome of the U.S FOMC meeting will likely determine the coin’s next move. Currently, there is uncertainty as to the magnitude of the Federal Reserve’s interest rate cut. There is a general consensus, though, that the Fed will cut interest rates.   WorldCoin Integration with Solana  That other good news that has strengthened WLD bullishness is about the integration of the coin with the Solana network. On 13 September Worldcoin shared with the world the prospect of the seamless integration of World ID with the Solana blockchain through cross-chain protocol from the Wormhole Foundation. The purpose of World ID, built on World Chain – a layer2 blockchain based on Ethereum- is to provide human verification service. That service will allow secure and authenticated logins to decentralized applications (DApps). World IDs have various functions in the digital space since they act as “global digital passports for the age of AI.” For example, they can be used for airdrop verifications.  The World ID integration will enable developers…

---

Filed under: News - @ November 12, 2024 8:22 am