WLD Surges 19 Percentage as Worldcoin Rolls Out World ID Passport Credential Pilot

Worldcoin’s native token, WLD, experienced a sharp 19% rally in the past 24 hours, fueled by the launch of the World ID Passport Credential pilot in several countries. The token hit a five-month high of $3.03 on November 29 before stabilizing at $2.88, bringing its market capitalization to over $2 billion. Daily trading volumes surged by 122%, reflecting increased market interest.

Worldcoin Rebrands and Expands With World ID Pilot

Recently rebranded as World, the project announced a new initiative allowing users in countries like Chile, Colombia, Malaysia, and South Korea to link NFC-enabled passports to their World ID. This pilot enables individuals to claim WLD tokens without undergoing the traditional iris scan using the Orb device. Currently, the feature is exclusive to iOS devices.

The announcement has sparked significant market activity. Open interest in WLD futures jumped 21.8% to $418.31 million, according to CoinGlass data, highlighting growing demand among traders and further contributing to the rally.

Analysts Set Bullish Targets for WLD

The launch has spurred optimistic price projections for WLD, with some analysts targeting a potential rise to $12. Crypto strategist Trader Koala hinted at "double-digit" growth in a recent tweet, supported by strong technical signals.

Another analyst, CryptoBull_360, pointed out an ascending triangle pattern on the 4-hour chart, suggesting a bullish breakout above the $2.8–$3 resistance zone could result in a 50% price surge. Similarly, trader Han Ji Ahn highlighted a multi-month cup-and-handle pattern, indicating a long-term target of $12, with a possibility of reaching $20 in the coming months.

Technical Indicators Signal Room for Growth

WLD’s bullish momentum remains robust. The token is trading above its upper Bollinger Band, signaling steady buying pressure. Its Relative Strength Index (RSI) currently stands at 65, while the Average Directional Index (ADX) measures 27, both indicating the potential for continued upward movement.

Conclusion

Worldcoin’s rollout of the World ID Passport Credential pilot marks a significant milestone for the project, driving heightened interest in WLD and reinforcing its bullish outlook. With technical indicators and analyst projections aligning, the token is well-positioned for further gains in the evolving cryptocurrency market.