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Worldcoin (WLD) has emerged as a significant identity verification technology globally in the past year. This blockchain-based protocol incentivizes new users with the WLD coin and has registered over 6.6 million users worldwide.
Worldcoin Project is Committed to Global Growth
This growth is attributed to the developer community led by OpenAI co-founder and CEO Sam Altman. Recently, the Worldcoin network has transitioned from the Ethereum 
$2,473 ecosystem to the Solana 
$166 ecosystem, aiming to facilitate global adoption.
Despite facing legal obstacles regarding personal data collection in some jurisdictions, World ID has continued to grow. The Worldcoin team announced plans to distribute more Orbs devices globally to expedite the registration process. This development may increase interest in the token as more individuals scan their eyes for identity verification.
Medium-Term Impact on WLD Price
In the past six months, WLD’s price has fallen by over 85%, trading at around $1.46 on Wednesday, September 18. The altcoin, with a fully diluted market cap of approximately $14.5 billion and an average daily trading volume of about $175 million, is signaling a potential reversal in the near term.
In the weekly timeframe, the Relative Strength Index has begun to show a bullish divergence in the declining market. Additionally, the altcoin is poised to break out of a macro-descending logarithmic trend.
Worldcoin’s rapidly growing user base and global expansion strategies demonstrate the project’s potential for the future. However, fluctuations in cryptocurrency markets and regulatory challenges may impact WLD’s price performance. Experts predict that as the adoption of technology increases, Worldcoin could enhance both its user count and market value.
