Recently, Worldcoin's Token WLD has shown exceptionally strong performance, attracting widespread attention from the market. There are several key factors worth discussing behind this rise.



First, the large-scale entry of institutional funds has become an important catalyst for the rise in WLD prices. A listed company named Eightco Holdings (stock code OCTO) announced a remarkable decision - to finance 250 million USD entirely for the purchase of WLD, making it the company's main reserve asset. After this news was made public on September 8, the price of WLD rose sharply, and Eightco's stock even saw an astonishing 3000% increase. This phenomenon is unprecedented in the cryptocurrency field, comparable to MicroStrategy's large-scale acquisition of Bitcoin.

Secondly, the participation of well-known institutional investors has further boosted market confidence. Institutional heavyweight Tom Lee and mining company BitMine invested $20 million, which is equivalent to labeling WLD as "trustworthy." This endorsement effect has triggered smart money and other institutional investors to follow suit, leading to a surge in WLD's trading volume to $4 billion, ten times that of before.

At the same time, the user base of Worldcoin is rapidly expanding. Currently, the total number of users has surpassed 33.5 million, with an additional 1 million users added in just the past week. Notably, the number of verified "real" accounts has exceeded 5.3 million. The daily transaction volume of the Worldcoin wallet has surpassed 2 million, and network activity has reached a new high.

However, the market also showed typical volatility characteristics. The price of WLD began to plummet sharply after reaching a high of 2.2 dollars, likely due to profit-taking by large holders. Analysis suggests that the price may pull back to the range of 1.2-1.4 dollars.

For investors, the current price may be at a relatively high level. Unless adopting a very short-term strategy, entering the market at this time requires extra caution. The market trend is still full of uncertainty, and investors should closely follow subsequent developments and make prudent decisions.
WLD2.32%
BTC2.61%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
ChainMaskedRidervip
· 09-09 14:51
Entering a position means death.
View OriginalReply0
AirdropNinjavip
· 09-09 14:47
When can I purchase for zero dollars?
View OriginalReply0
CryptoPunstervip
· 09-09 14:45
The retail investors haven't entered a position yet, and this train is about to arrive at the station.
View OriginalReply0
CafeMinorvip
· 09-09 14:23
Don't, it's another altcoin playing people for suckers.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)