Date: Fri, Oct 18, 2024, 06:47 PM GMT
The crypto market is shining as “Uptober” lives up to the hype, with Bitcoin (BTC) leading the charge, trading above $68,000 and eyeing the $70,000 mark. In this vibrant environment, Worldcoin (WLD) has emerged as a top gainer, surging over 14% in the past 24 hours and currently trading at $2.42, with a market cap of $1.32 billion.
Rebrand and World Chain Launch
A significant event for Worldcoin, titled “A New World,” took place yesterday with Sam Altman in attendance. During the event, Worldcoin announced two major updates: a rebranding to simply “World” and the launch of its Layer 2 blockchain network, known as World Chain.
The launch is supported by several notable platforms, including Optimism, Alchemy, Uniswap, Safe, Dune Analytics, and Etherscan. The World Chain will natively integrate World ID, providing all verified users with prioritized access to blockspace.
These announcements have fueled a rally in Worldcoin’s price, showcasing investor enthusiasm for the project’s new direction.
Big Targets Ahead?
With the market shifting toward a bullish sentiment as we approach Q4, analysts believe that Worldcoin (WLD) could see significant price movements.
According to crypto trader Mir Muneeb, WLD could realistically reach targets of $6.04 and even $10.73 in the near future. This potential is especially intriguing considering WLD already hit an all-time high of $11.82 earlier this year. It will be interesting to see if it can break this record in the coming days.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.