Key takeaways WLD is approaching $0.50 after adding 3.7% to its value in the last 24 hours. The rally comes as a wallet linked to Multicoin Capital spent 30 millionKey takeaways WLD is approaching $0.50 after adding 3.7% to its value in the last 24 hours. The rally comes as a wallet linked to Multicoin Capital spent 30 million

Is Worldcoin heading towards $0.58? Check forecast

Key takeaways

  • WLD is approaching $0.50 after adding 3.7% to its value in the last 24 hours.
  • The rally comes as a wallet linked to Multicoin Capital spent 30 million USDC on Thursday to buy 60 million WLD tokens.

WLD, the native coin of the Worldcoin ecosystem, is one of the best performers among the top 100 cryptocurrencies by market cap.  The coin is up nearly 4% in the last 24 hours and is now trading close to $0.50. 

The rally comes after Lookonchain data on Thursday revealed that a wallet linked to Multicoin Capital, a thesis-driven investment firm, has spent 30 million USDC stablecoin to buy 60 million Worldcoin tokens at an average price of $0.50 through an over-the-counter (OTC).

This acquisition highlights strong institutional demand for the cryptocurrency. 

Furthermore, Santiment data shows that the WLD’s trading volume reached $1.46 billion on Wednesday, the highest yearly level and trading volume not seen since July 2024.

The growing volume indicates a surge in traders’ interest and liquidity in Worldcoin, boosting its bullish outlook. Furthermore, Santiment’s Supply Distribution data reveal that certain whales are buying WLD at recent price dips.

Whales holding between 10 million and 100 million WLD tokens and 1 million and 10 million WLD tokens have accumulated a total of 150.59 million WLD tokens from Sunday to Thursday.

WLD eyes the $0.58 resistance level amid bullish sentiment

The WLD/USDT 4-hour chart is bearish and inefficient despite WLD adding 4% to its value in the last 24 hours. At press time, the coin is trading around $0.498 and could rally higher in the near term. 

If the bullish momentum continues, WLD could extend the rally toward the daily resistance at $0.56. A successful close above this level could see WLD target the 50-day Exponential Moving Average (EMA) at $0.63.

The Relative Strength Index (RSI) on the 4-hour chart is at 49, pointing upward toward its neutral level of 50, indicating a growing bullish momentum. However, for the bullish momentum to be sustained, the RSI must move above the neutral level.

On the flip side, if the bulls fail to build on this momentum, WLD could face a correction and dip towards the recent low of $0.47.

The post Is Worldcoin heading towards $0.58? Check forecast appeared first on CoinJournal.

Market Opportunity
Checkmate Logo
Checkmate Price(CHECK)
$0.039921
$0.039921$0.039921
+1.80%
USD
Checkmate (CHECK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

XRP and SOL ETFs Attract Inflows Amid BTC, ETH Outflows

XRP and SOL ETFs Attract Inflows Amid BTC, ETH Outflows

Spot XRP and SOL ETFs gain inflows as BTC and ETH face outflows, signaling a market shift.
Share
CoinLive2025/12/26 05:14
SEC Backs Nasdaq, CBOE, NYSE Push to Simplify Crypto ETF Rules

SEC Backs Nasdaq, CBOE, NYSE Push to Simplify Crypto ETF Rules

The US SEC on Wednesday approved new listing rules for major exchanges, paving the way for a surge of crypto spot exchange-traded funds. On Wednesday, the regulator voted to let Nasdaq, Cboe BZX and NYSE Arca adopt generic listing standards for commodity-based trust shares. The decision clears the final hurdle for asset managers seeking to launch spot ETFs tied to cryptocurrencies beyond Bitcoin and Ether. In July, the SEC outlined how exchanges could bring new products to market under the framework. Asset managers and exchanges must now meet specific criteria, but will no longer need to undergo drawn-out case-by-case reviews. Solana And XRP Funds Seen to Be First In Line Under the new system, the time from filing to launch can shrink to as little as 75 days, compared with up to 240 days or more under the old rules. “This is the crypto ETP framework we’ve been waiting for,” Bloomberg research analyst James Seyffart said on X, predicting a wave of new products in the coming months. The first filings likely to benefit are those tracking Solana and XRP, both of which have sat in limbo for more than a year. SEC Chair Paul Atkins said the approval reflects a commitment to reduce barriers and foster innovation while maintaining investor protections. The move comes under the administration of President Donald Trump, which has signaled strong support for digital assets after years of hesitation during the Biden era. New Standards Replace Lengthy Reviews And Repeated Denials Until now, the commission reviewed each application separately, requiring one filing from the exchange and another from the asset manager. This dual process often dragged on for months and led to repeated denials. Even Bitcoin spot ETFs, finally approved in Jan. 2024, arrived only after years of resistance and a legal battle with Grayscale. According to Bloomberg ETF analyst Eric Balchunas, the streamlined rules could apply to any cryptocurrency with at least six months of futures trading on the Coinbase Derivatives Exchange. That means more than a dozen tokens may now qualify for listing, potentially unleashing a new wave of altcoin ETFs. SEC Clears Grayscale Large Cap Fund Tracking CoinDesk 5 Index The SEC also approved the Grayscale Digital Large Cap Fund, which tracks the CoinDesk 5 Index, including Bitcoin, Ether, XRP, Solana and Cardano. Alongside this, it cleared the launch of options linked to the Cboe Bitcoin US ETF Index and its mini contract, broadening the set of crypto-linked derivatives on regulated US markets. Analysts say the shift shows how far US policy has moved. Where once regulators resisted digital assets, the latest changes show a growing willingness to bring them into the mainstream financial system under established safeguards
Share
CryptoNews2025/09/18 12:40
New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together

New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together

The post New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together appeared on BitcoinEthereumNews.com. Stephen Miran, chairman of the Council of Economic Advisers and US Federal Reserve governor nominee for US President Donald Trump, arrives for a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Thursday, Sept. 4, 2025. The Senate Banking Committee’s examination of Stephen Miran’s appointment will provide the first extended look at how prominent Republican senators balance their long-standing support of an independent central bank against loyalty to their party leader. Photographer: Daniel Heuer/Bloomberg via Getty Images Daniel Heuer | Bloomberg | Getty Images Newly-confirmed Federal Reserve Governor Stephen Miran dissented from the central bank’s decision to lower the federal funds rate by a quarter percentage point on Wednesday, choosing instead to call for a half-point cut. Miran, who was confirmed by the Senate to the Fed Board of Governors on Monday, was the sole dissenter in the Federal Open Market Committee’s statement. Governors Michelle Bowman and Christopher Waller, who had dissented at the Fed’s prior meeting in favor of a quarter-point move, were aligned with Fed Chair Jerome Powell and the others besides Miran this time. Miran was selected by Trump back in August to fill the seat that was vacated by former Governor Adriana Kugler after she suddenly announced her resignation without stating a reason for doing so. He has said that he will take an unpaid leave of absence as chair of the White House’s Council of Economic Advisors rather than fully resign from the position. Miran’s place on the board, which will last until Jan. 31, 2026 when Kugler’s term was due to end, has been viewed by critics as a threat from Trump to the Fed’s independence, as the president has nominated three of the seven members. Trump also said in August that he had fired Federal Reserve Board Governor…
Share
BitcoinEthereumNews2025/09/18 02:26