This week, the most important thing about World Network in the media was related to the exchange value of its token. Just like the rest of the market, the WLD token experienced considerable price fluctuations. The latter is of great interest to investors.
It should be noted that the project continued its expansion in different parts of the world. Likewise, data collection centers maintain their activity without generating additional concerns among global regulators. In any case, investigations against the project continue in some countries.
From CriptoTendencia we have been reporting some of the most important cases of national regulators against the old Worldcoin. Likewise, we present the constant advances and developments such as the current evolution and rebranding.
As is widely known, this project is one of the most controversial, and at the same time one of the most important, in the technological arena. Its goal is to create a digital identity system capable of addressing the rise of artificial intelligence bots. However, the mere collection of people’s private data to create that digital identity raises concerns.
The latter is the basis of all the problems facing the project and its WLD token. This digital currency has been losing ground and recently lost support of $2 per token once again.
Price behavior of the WLD token during this week. Source: CoinMarketCap
World Network token back below $2
Among the most important things this week for World Network, we must not fail to mention the technical aspect. The network appears to pave the way for advancement in Ethereum‘s second layer sector. In that sense, we would be working on evolution through cross-chain transactions. The latter is carried out through Across.
This news raised positive expectations about the future of the WLD coin price. Some investors even began to assess the possibility of a return to $10. However, so far the announcement does not seem to have the greatest impact on investors to buy the token.
At the time of writing, the price of WLD is $1.68 and its 24-hour performance is -7.78%. Within a week, the currency loses 16.13%. It is important to note that these red numbers occur largely as a consequence of the general collapse of the Cryptocurrency market.
The latter means that it is a fall related to the market and not to internal elements of World Network. In any case, investors in this token are among the most punished in 2024. Although the gains in the crypto world are constant this year, those who bet on WLD experience sharp losses.
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