Worldcoin (WLD) is taking investors by storm as the token is doing very well in the current market environment. Despite the market facing a slight pullback today, WLD is up 31% since last week, representing a huge jump in value as the protocol continues to expand its services.
Worldcoin’s identity verification technology continues to evolve. This week alone, several developments continue to spark curiosity in the minds of retail investors. If the trend is in line with the market outlook going forward, WLD will work over time.
Worldcoin Services Expands to Three New Countries
In a blog post, Worldcoin’s World ID services were announced to be available in three new countries: Guatemala, Poland, and Malaysia. The decision was made against the backdrop of the astonishingly rapid development of artificial intelligence technology and its potential use in fraud worldwide.
Wordlcoin’s world-leading privacy technology aims to combat this by providing a decentralized way to verify identity using the platform’s human proof approach detailed in their white papers.
In Guatemala alone, the majority of people have a growing need to know whether the thing they are interacting with is a human or a bot.
According to Worldcoin, 83% of the world wants to know that the content they are watching is created by AI, 84% are worried about the rapid development in AI technology that makes it difficult for them to distinguish people from bots, and 88% support. technology that checks whether the “person” they’re interacting with is a human or a bot.
With the growing need for AI in all aspects of human daily life, Worldcoin’s technology may have a place in keeping individual privacy safe.
From September 25, orbs, physical places where people can confirm their identity, will be available in Guatemala. Currently, there is no word on further distribution in Poland, but the World ID service was announced in Malaysia earlier this week.
Possible Pullback Later This Week
WLD has experienced significant growth, but it can be prevented that the bulls have exhausted their momentum leaving only room for the symbol to falter or fall in the coming days.
The relative strength indicator (RSI) of the token indicates that WLD may show weakness during the next 72 hours as a continuation of the upward trend will further damage future gains. With this in mind, investors holding WLD for the long term still have a good anchor to rely on as the platform’s continued development maintains its relevance in a world increasingly dependent on AI.
Featured image from Forkast News, chart from TradingView