TLDR
- Eightco Holdings made a $250 million treasury investment in Worldcoin through private placement at $1.46
- South Korea’s Upbit exchange listed WLD, expanding Asian market access for investors
- WLD price surged 70% in 24 hours reaching $2.00 with trading volume up 257%
- Technical indicators show bullish momentum with RSI at 61.81 and MACD turning positive
- Price targets point to $4.00 representing potential 92% upside from current levels
Worldcoin (WLD) experienced its biggest rally in months after two major catalysts drove institutional and retail demand higher.
Eightco Holdings announced a $250 million treasury strategy focused on WLD. The company completed a private placement of 171,232,877 shares priced at $1.46 each.
BitMine led an additional $20 million investment round. This marks one of the largest institutional commitments to WLD since its launch.
The market reacted swiftly to the treasury news. WLD price jumped 70% within 24 hours to reach $2.00.
Trading volume exploded by 257% during the same period. Current data shows WLD trading at $1.80 with a market cap of $3.64 billion.
Daily volume reached $4.23 billion. Weekly gains now total 105.81% for the token.
Upbit Listing Opens Korean Market
South Korea’s largest cryptocurrency exchange Upbit announced WLD trading support. This development provides Korean investors direct access to the AI identity token.
The listing represents Upbit’s expansion into Web3 and artificial intelligence projects. Korean exchanges have been increasingly adding tokens focused on digital identity verification.
Market analysts expect the Upbit listing to increase liquidity flows. South Korea remains a major cryptocurrency trading hub in Asia.
The timing of both announcements created strong momentum. Institutional backing combined with exchange access drove the price surge.
Worldcoin Price Prediction
Technical analysis reveals strong bullish signals for WLD. The Relative Strength Index (RSI) climbed to 61.81, well above the neutral 50 threshold.
MACD indicators moved into positive territory. The MACD line sits at 0.08496 above the signal line at -0.05224.
WLD broke above critical $1.60 resistance during its recent rally. This breakout cleared both the 200-day exponential moving average and a descending price channel.
Support holds at $0.5730 for potential pullbacks. The previous resistance at $1.6484 now acts as support.
Analysts project the next target at $4.00, matching December 2024 highs. This level represents 92% potential upside from current prices.
Traders watch for consolidation near $2.00 before further gains. The technical setup suggests bullish momentum could continue.
Worldcoin uses iris scanning technology through specialized devices called “orbs” to create verifiable digital identities. The project aims to provide “proof of humanity” verification systems.
