Today, two things have dominated the cryptocurrency markets. The first one was the announcement about Worldcoin listings. Following that, we witnessed a drop in the price of Bitcoin (BTC). We have been emphasizing the need to be prepared for the second one for days. What was surprising was that Worldcoin was supported by Binance, the largest global cryptocurrency exchange.
Worldcoin (WLD) Review
When it comes to on-chain, there are a few important names and companies that come to mind. CryptoQuant is one of them, and its CEO, Ki Young Ju, enjoys sharing his comments on current discussions. Today, the agenda is Worldcoin (WLD), and he is among those criticizing this project due to privacy concerns. He wrote the following on his social media account a few minutes ago:
“Worldcoin: ‘I will scan everyone’s iris in the world except people in the US because they know it’s illegal!'”
The US, criticized for its strict stance on cryptocurrency regulations, is now receiving indirect praise for its restrictive aspect. Collecting biometric data is something more dangerous for the US than cryptocurrencies. Especially considering the politicians who have caused an uproar against excessive surveillance, thinking about CBDC, Worldcoin may never be able to open up to the US.
Should You Invest in Worldcoin (WLD)?
Worldcoin has been the focus of discussions for a long time, and most people do not believe it is well-intentioned. Recently, the CEO of OpenAI claimed that data is not stored and is automatically destroyed after unique identity numbers are generated. This may be true, but there is no guarantee that it will not change in the future. Moreover, the fact that the US does not allow it clearly shows the risk here.
It seems that WLD Coin will gain more prominence in the cryptocurrency market agenda. Many names, like Ki, are expected to express their open anger, which is likely to have a negative impact on the token in the future. Especially considering the comments that will be made by the SEC and others, it is said that the Worldcoin project faces a challenging path.
At the time of writing, the price of WLD Coin continues to find buyers above $2.8. There is high interest on the Binance exchange. Especially due to the drop in BTC, daily traders are showing intense interest in this token to make profits from the high volatility.
