Key Takeaways
- Bitcoin’s price rallies as Worldcoin (WLD) gains more bullish price action to the upside.
- WLD has seen a surprise rally in the last few days following news of institutional companies adopting WLD treasury assets, leading to a price rally.
- If the Worldcoin breaks above $2, we could see strong bullish price action to the upside of $2.8 short-term price target.
The news that Eightco is holding strategic treasury assets for Worldcoin (WLD) saw its price, which had been grounded for months in a range, break out with strong volume to the upside on the daily timeframe, a volume that had been missing for months.
This news for WLD treasury asset accumulation will be backed by $250 million to $270 million private placement from entities like BitMine, a move that could signal institutional adoption for the Worldcoin token.
Following institutional adoption, the price has rallied over 40% in a single day and 100% in the last seven days, as it continues to rise towards potential new daily highs of $2.5 to $3.
Crypto Market Sees Price Bounces as Worldcoin (WLD) Remains Bullish
Following the recent price bounce of the market after the price of Bitcoin crashed toward a key price low of $108,500 in previous weeks, the price of BTC has shown some price action to the upside in the past few days, reclaiming its price above $113,500 to $114,000 as the price gears up for a potential upward continuation.
A price continuation for BTC could positively impact the price of Worldcoin (WLD), as the price has demonstrated strong bullish gains, leading to strong market sentiment and speculation of a price rally to the next daily highs of $2.5 to $3.
The price of WLD currently appears bullish both fundamentally and technically, as traders and investors continue to seek buying opportunities for altcoins that have struggled to trend upward over the last six months.
WLD Technical Analysis
Source – Worldcoin Price Action from TradingView
Following a breakout of price from its downtrend to the upside of $2 for the first time in the last six to seven months, the price of WLD could be ready to continue a bullish price rally towards $3.
The price of Worldcoin could retest a key demand zone, confirming its bullish breakout and the flip of resistance into support, which could trigger its price continuation to the upside.
The short-term price prediction for WLD is $2.5 to $2.8, which appears more realistic as the next price target for traders and investors.
FAQs
How much is 1 Worldcoin worth today?
TRUMP coin currently trades around $1.8.
How much is $1 Bitcoin in US dollars?
One BTC is currently around $108,500.
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