The crypto market is a high-paced, volatile space, with several tokens recording increases while others drop in value.
The crypto market is a high-paced, volatile space, with several tokens recording increases while others drop in value. Today, Bitcoin trades in the $52,000 range, setting the pace for tokens correlated to its price.
As a result, some altcoins and promising presales are enjoying the impact of the gains of this market leader. WLD, GRT, SPONGE, and BEAM are among the top crypto gainers making headlines today, February 19Worldcoin World’s Leading Financial and Identity Network
The native token, WLD, powering the biometric crypto project, Worldcoin, recently sparked intense excitement within the larger virtual currency market. According to a trusted crypto analytics site, Coinmarketcap, the token recorded a weekly surge of 179.72%, stirring attention toward it.
As a result of this pump, the coin’s value is at $7.35 today, with a daily increase of 39.98%. Notably, several factors are contributing to this pump. First, the World App wallet now has over 1 million users, according to the community’s tweet on February 17.
This significant milestone sparked excitement within the community and thus pushed WLD’s price up. Secondly, a whale accumulated a substantial 2.09 million WLD from a centralized exchange (CEX), boosting the coin by 25%.
According to CoinGape Media, a wallet address identified as 0x0007 strategically amassed $5.82 million worth of WLD from Binance, a top crypto exchange.
This voluminous accumulation triggered a pump for the coin throughout the week. Thirdly, the unveiling of a text-to-video platform, Sora, played a positive role in boosting confidence and positive sentiment around Worldcoin’s token, WLD.
According to Altman on X, Sora will revolutionize content creation for both individuals and organizations.
The announcement garnered widespread attention and optimism. Also, the anticipation of the AI platform has bolstered confidence in the broader potential of Sam Altman’s projects, including Worldcoin. So, this optimism has likely played a role in fueling the ongoing price surge of WLD.
Combining the impact of these positive events within the Worldcoin ecosystem, the WLD token could record more price gains in the coming days.Worldcoin’s Token Enjoys Green Candle Chain with High On-Balance Volume OBV– Where’s the Targeted Resistance?
Worldcoin’s price movement in the last week shows a bullish trend. It has formed 8 green candle sticks, indicating an upcoming series of higher highs and higher lows.
In the chart above, WLD is trading above the Bollinger Bands, which serves as its dynamic support level.
As such, BUY opportunities could be spotted by profit-taking traders, causing them to enter the market and reap from the potential uptrend. Again, the On Balance Volume (OBV) has spiked, trailing at the 16.326M level.
This confirms the strong buying pressure in WLD’s market. This massive volume suggests that accumulation may be ongoing.
Therefore, the bullish trend is likely to continue toward the $8 level in the coming days. However, traders should look for potential dips in the future as the Bollinger Bands are widening, showing increased volatility.
As such, strategic trade setups and adequate risk management strategies should be in place while trading.
