Worldcoin Price: What’s happening With Worldcoin Today ?

Pooja Khardia
Updated
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Worldcoin Debuts World ID Verification In Poland, WLD Price Soars 5%

With the market’s volatility, the Worldcoin price has seen significant changes recently. From reaching the ATH value of $11.82 to falling to a week low of $7.24, the token is trying to manage to stay stable.

Despite the ongoing crypto market volatility issues, the Worldcoin team has introduced some new changes to the platform.

In this blog, let’s discuss the Worldcoin price analysis and newly mentioned changes in the platform.

WorldCoin Price Performance

Worldcoin price is currently at $8.25 after a 3.22% hike in a day, which isn’t the best value for this crypto. On the 10th of March, WLD, the native token of Worldcoin, rose to a high of $11.82, an ATH value.

Worldcoin Price Analysis

Despite the continuous falls here and there, Worldcoin has presented the best performance of its entire career. It is ranked 81st on the CoinmarketCap with a market cap of $1,283,646,023 after a 3% surge. Also, the trading volume has surged by 35%, pushing the value to $386,403,934.

The ongoing issues with Kenya have led to the Worldcoin price falling yesterday. Kenya is quite persistent in their decision to decline the removal of the ban on the project. The nation has put a ban on Worldcoin from August 2023 over privacy concerns.

Worldcoin Introduced Personal Custody

Worldcoin is built with this unique approach as only humans are qualified to be a part of this crypto community. Strangely enough, the Worldcoin creator Sam Altman, the CEO of OpenAI, known for ChatGPT and Sora, has envisioned this project revolving around World ID, a privacy-preserving global identity network.

Also Read: Altcoins to Buy Today Under $1 with 100% Potentials

Earlier, to be a part of the network, users had to verify their humanness by providing their biometric information. But now that’s going to change as Worldcoin has announced Personal Custody options where the users no longer have to store their biometric data on the network. Instead, they can hold it on their own mobile devices. It is possible with the iris code generation by Orb during the world ID creation process. It will verify the Biometric information and only share the code with the network, keeping the details private and safe.

Orb is single-handedly responsible for data curation, encryption, and authentication processes. It will sign and transmit the packets to users’ phones. The public key creation will also happen on the mobile device, and Orb will use the keys to create the verification process.

Upon the ID creation, the user can prefer to delete the metric data or keep it safe on their devices. As a result, only encrypted data will be available, that too, on the user’s device, and a public key will be used for encrypting the data.

The platform tested this feature back in December. At the same time, they announced the details for the World ID 2.0 version, which is like “a human passport for the internet.”

Advertisement
Advertisement

Conclusion

As the Worldcoin team has introduced the Personal Custody program, it’s anticipated to get some leniency from the Kenya government. Among this fight between Kenya and the platform, the Worldcoin price finally seems to recover after falling 5% on Friday. The personal custody program will help manage the user’s data on their system only while maintaining the purpose of World ID.

Read more about BOME Vs PEPE: Which Meme Coin Might Cross $1 in 2024

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.