Worldcoin (WLD) has experienced a significant price increase of over 10% in the past 24 hours, reaching highs of $3.96 as the bulls attempt to reclaim the $4.00 area. This surge comes as Worldcoin opens verification in Singapore, signaling the platform’s continued growth and expansion.
In addition to the recent launch of World ID 2.0 and the open sourcing of the Worldcoin iris recognition pipeline, the platform has seen significant user growth and increased transaction volume. Worldcoin’s World ID-compatible wallet has surpassed 5 million users and now boasts over 30 million transactions.
The price of WLD reached a new all-time high of $4.69 on December 17, further indicating the platform’s growing popularity and adoption. Despite a slight pullback from this peak, the price was still up by 55% over the past 30 days, according to CoinGecko data.
The expansion of Worldcoin continues with the recent launch of World ID verification for the public in Singapore. This move follows the project’s expansion across Asia, Europe, and South America. Despite facing regulatory hurdles in countries like Brazil, Kenya, Germany, and France, Worldcoin’s growth metrics remain positive.
Notably, the platform’s World App wallet has crossed the 5 million user mark, with over 1 million weekly active users and 350,000 daily active users. With the project launching in July, it has achieved significant milestones in a relatively short period.
As Worldcoin continues to expand its user base and transaction volume, the price of WLD has also seen substantial growth. Despite facing regulatory scrutiny in various jurisdictions, the platform’s positive growth metrics and user adoption bode well for its future prospects.