Worldcoin’s blockchain, known as World Chain, recently went live, as reported in the last 24 hours. During this period, the altcoin experienced a 2.30% dip in price. The regulatory landscape for cryptocurrencies has also been active, with several key developments. The U.S. SEC made a last-minute appeal in the Ripple case, and the FBI arrested the hacker responsible for compromising the regulator’s X account in January 2024. Despite this, prices across the market have remained mostly bullish, though without significant upward movement.
The Worldcoin Foundation officially launched World Chain on Thursday, following the announcement at yesterday’s World event where Worldcoin rebranded to “World,” updated its X account handle, and introduced several new features. According to the altcoin community, all users successfully migrated to the new blockchain on October 17.
The foundation also outlined the blockchain’s intended use cases, aiming to reach 1 billion users by integrating anonymous human verification and biometric technology. Another major update was the release of World App 3.0, which includes a new feature called Mini Apps. This addition allows third-party applications to run within the World App and supports anonymous World ID verification. So far, the crypto community has not shown a strong reaction to these recent updates. Additionally, the WLD token saw a decline in value over the past day.
Worldcoin Recent Price Action Overview
Over the last 24 hours, Worldcoin deviated from its bullish trend, facing a brief 2.30% price drop. The altcoin peaked at $2.24 on the morning of October 17 but later declined to an intraday low of $2.08. Currently, WLD is trading at $2.18, according to CMC data.
Looking at the past week, the altcoin surged by 27%, climbing from $1.70 to a weekly high of $2.64. This recent price increase has garnered significant market attention, although the recent price dip following the announcements is noteworthy.
Meanwhile, the crypto market has also shifted its focus to Donald Trump’s World Liberty Financial (WLFI) token.
