The price of Worldcoin (WLD) surged an impressive 21.2% in the last 24 hours, reaching $2.36 at the time of writing. This bullish rally comes amidst a broader market recovery and follows a key announcement from Tools for Humanity (TFH), a major contributor to the Worldcoin project.
TFH announced that it is extending the lockup period for WLD tokens allocated to its investors and team members. These tokens, initially scheduled to unlock over three years, will now see a gradual release spread over five years. This move signifies a long-term commitment from TFH to the Worldcoin project and its mission.
The extended lockup period has instilled confidence in the market, leading to a significant increase in trading volume for WLD. Daily trading volume has skyrocketed by 286%, exceeding $443 million. This surge reflects heightened investor interest and optimism surrounding Worldcoin’s future.
While WLD enjoys a particularly strong week, the broader cryptocurrency market also exhibits positive signs. Following a period of sideways trading, major coins like Bitcoin (BTC), Ethereum (ETH), BNB, and Solana (SOL) are experiencing upward trends. Bitcoin, for instance, has regained lost ground after the German government’s Bitcoin sales, with its price currently hovering around $63,467, a 10% increase this week. Notably, Ripple’s (XRP) price has outperformed the market, witnessing a significant 30.4% surge in the past seven days.
Analysts believe that WLD’s extended token lockup, coupled with the overall market recovery, could propel the price further in the coming months. However, some experts caution that the cryptocurrency market remains volatile and that future price movements depend heavily on various factors, including regulatory decisions and wider economic trends.
In a bullish week for cryptocurrencies, Worldcoin (WLD) stands out with a staggering 21.2% price increase. This surge follows the announcement by Tools for Humanity (TFH), a key contributor to Worldcoin, that they are extending the lockup period for investor and team member tokens.
This long-term commitment from TFH has instilled confidence in the market, sending trading volumes soaring by 286%. With the wider market also experiencing positive trends, analysts see potential for further WLD price growth. However, they advise caution due to the inherent volatility of the cryptocurrency market.