- The World App has grown to more than 26 million users from different countries in the recent past.
- WLD price is over 86 percent down from its all-time high but rising institutional adoption signals a momentum shift.
Worldcoin (WLD) price dominated the top altcoin gainers in the past 24 hours after Bitcoin (BTC) price confirmed the onset of a crypto summer 2025. The mid-cap altcoin, with a fully diluted valuation of about $15.9 billion and a 24-hour average traded volume of around $1 billion, surged over 30 percent on Thursday to trade about $1.59 during the late North American trading session.
Following the WLD price rally today, the total Worldcoin futures open interest surged over 67 percent in the past 24 hours to hover about $411 million at the time of this writing.
Worldcoin Gets Boost from Institutional Investors
The Worldcoin project has grown significantly in the past year catalyzed by the significant adoption of the World App. According to the latest data, the World App has more than 26 million users, with over 12.5 million users having already verified their unique humaneness through the Orb device.
Following the notable Worldcoin adoption, the World Foundation announced a $135 million raised funds from a16z and Bain Capital Crypto. Most importantly, the investors purchased WLD tokens directly from the secondary market.
Short-Term Targets for WLD Price
As with the wider altcoin market, the WLD price has recorded bullish momentum since the first week of April 2025, following the easing of the trade war. In the four-hour time frame, the WLD price has been forming higher highs and higher lows, a characteristic of a rising trend.
Following the recent rebound from the established rising logarithmic trend, WLD price is now aiming for the next target range between $2.32 and $4.124. Furthermore, the daily Relative Strength Index (RSI) surged above the 70 percent level again, signaling bullish sentiment.
Additionally, the daily MACD line has already crossed the zero line amid growing histograms. The short term bullish sentiment for WLD price will be invalidated if the altcoin consistently closes below the support level around $1.
Credit: Source link