Worldcoin ($WLD) Rockets Amidst Identity Tech Push and Key Partnerships, But Regulatory Clouds Loom

Worldcoin ($WLD) is making waves as its price increased 16.7% to $1.06, turbocharged by Sam Altman-backed World ID gaining global traction. Rising demand ignited as digital identity partnerships with Razer and Tinder were launched, signaling real-world utility.

However, regulatory scrutiny, particularly in Europe, casts a shadow over its otherwise bullish momentum.

Worldcoin ($WLD): Powering Global Digital Identity and Governance with World ID

Worldcoin ($WLD), launched in 2019 by OpenAI CEO Sam Altman, Max Novendstern, and Alex Blania, is carving out a unique niche with the aim of building a new global identity and financial network.

It aims to create a global, privacy-focused digital identity system that proves a person’s human identity online. This is crucial in an era dominated by AI and bots, where verifying genuine human users unlocks new possibilities in governance, economic inclusion, and digital interactions.

As of February 2025, there is a total supply of 10 billion $WLD tokens, with about 1.7 billion $WLD currently unlocked and in circulation. The majority of the $WLD tokens are locked.

The $WLD token also serves as gas fees on World Chain, a Layer-2 Ethereum-based blockchain, and serves roles in governance, gaming economies, and beyond.

To support essential use cases like UBI and AI governance, Worldcoin requires a secure Proof of Humanity (PoH) system. The World ID is issued through biometric verification devices like the Orb, which scans users’ irises to confirm their uniqueness.

The Orb is already being adopted globally, including by online streamers and developers, making it one of the most practical implementations of PoH so far.

Notably, Worldcoin partnered with Story Protocol to integrate World ID into its IP blockchain, enabling creators to prove human authorship and monetize content. This addresses growing concerns about AI-generated content saturation.

Concurrently, World ID usage surpassed 100 million verifications across third-party apps, with 2-10 million registered users in 160 countries. Strategic alliances with Razer (gaming IDs) and Match Group (Tinder pilot) suggest broadening utility beyond crypto-native use cases.

Worldcoin is partnering with Succinct to scale zero-knowledge (ZK) proofs to every transaction on World Chain. This move will help make World Chain faster, more private, and ready to become a full ZK rollup.

While Worldcoin faces regulatory scrutiny in regions like Germany, its momentum in forming strategic partnerships is a powerful counterbalance. With a 98.4% bullish community sentiment and expanding use cases, the project remains neutral-to-bullish in the mid-term.

Worldcoin Breaks Out: Rounded Base Sets Stage for Parabolic Rally Beyond $1.15

The $WLD/$USDT 4-hour chart displays a rounded base formation, a bullish reversal pattern, followed by a strong breakout. Over nearly three weeks, from late June to early July, the price consolidated in a tight range between $0.84 and $0.93.

This phase of low volatility and sideways movement indicated gradual accumulation, with buyers steadily absorbing supply as selling pressure diminished. The rounded base structure typically precedes a strong upward move once resistance is decisively broken.

The breakout occurred on July 10, when $WLD ran past the $0.93 resistance with a wide-bodied bullish candle, which, as could be seen from the chart, was not only clean but also aggressive, quickly attracting momentum traders and fueling a sharp rally.

Within hours, the price jumped 27% to reach $1.15. The price jump displays a near-vertical movement.

The $WLD rally exhibited parabolic characteristics, marked by consecutive large candles and minimal retracements, reflecting intense buying pressure and FOMO-driven participation.

The price now shows signs of tiring. The last candle has a long top shadow and a small body at $1.08. This tells us traders are taking profits after the fast rise.

When this happens, the price often takes a breather. It might pull back slightly or move sideways for a while, which market traders refer to as a “blow-off top.”

The coming candles will show which path the market picks. Watch for either a calm period of sideways action or a gentle retreat toward support. Either way, this pause would be normal after the recent sharp rally.

For the bullish structure to remain valid, $WLD must hold above the $0.93 breakout level, which now serves as critical support. Maintaining a position above the psychological $1.00 mark would further reinforce this bullish momentum.

However, a decisive break above $1.15 could reignite upward movement, while failure to sustain these levels may trigger a deeper correction toward lower support zones. Traders should monitor volume and price reaction at these key levels to gauge future direction.

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