Worldcoin Launches World ID Passport Credential Pilot, WLD Surges 15%
Worldcoin (WLD) is making major progress in its global growth, with the announcement of a new World ID Passport Credential pilot and a substantial price spike—currently selling at $2.88, up 15% in the past 24 hours and nearly 40% in the past month.
What is Worldcoin’s World ID Credential?
Four nations are now piloting the World ID Credentials, which were first presented at the “A New World” event in San Francisco: South Korea, Malaysia, Colombia, and Chile. This cutting-edge feature seeks to protect user security and privacy while significantly expanding worldwide access to the World Network.
How World ID Credentials Work
Without disclosing personal information to third parties, the new method enables users to link legitimate forms of identification—specifically, passports with NFC capabilities—to their World ID. Unprecedented privacy is offered by the secure storage of all identifying information alone on the user’s device.
Key Benefits of the Passport Credential
There are numerous noteworthy benefits to the new credentials:
- Enables approximately 1.2 billion passport holders worldwide to join the World Network
- Allows anonymous verification of select identity attributes
- Provides opportunities to claim additional WLD tokens
For passport holders from the chosen countries who are physically present in those countries, the pilot is presently accessible on iOS. With intentions to eventually extend to more nations, Android support is anticipated to be rolled out shortly.
WLD/USD Technical Analysis
Worldcoin’s latest developments have driven a remarkable price performance in the WLD token. The value of the cryptocurrency has increased by almost 15% to $2.88, while trading volume has increased by 157% to $1.39 billion. Bullish technical signs and the continuing altcoin season are credited by market watchers for this rise.
Experts have identified a promising Cup and Handle pattern in Worldcoin’s price chart, suggesting potential breakout targets ranging from $11.97 to $40.24. The current market structure shows strong support at $1.70 and resistance levels at $2.60 and $4.78.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals