Worldcoin launched with a bang.
From their eye scanners, links to OpenAI founder, and the WLD airdrop, the resulting FOMO pushed prices to fresh highs by end of last year.
This uptick was just the start.
WLD Firm After H1 2024 Cool Off
By the end of Q1 2024, WLD has more than doubled from December 2023 highs, reaching $11 by March 2024.
But just like most coins, WLD fell and is now back to October 2023 levels.
Even so, WLD supporters are upbeat and expect the coin to fly even harder in the coming sessions.
While there are cracks (price-wise) and regulatory challenges, WLD is firm, up 61% from September 2024 lows.
At press time, WLD is trending above August highs, and the upside momentum is building up. The breakout above $2 was with rising trading volume.
Currently, bull bars are banding along the upper BB, pointing to high volatility and momentum.
There are several factors behind this confidence.
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The Vesting Schedule Change
Top of the list is the team’s decision to change their vesting schedule.
The announcement was made in July when the team said it would release 5.32 million WLD daily for 729 days, per Token Unlocks.
Worldcoin explained that per the original vesting schedule, early contributors were subject to a 3-year lock-up period.
However, due to the new changes, the vesting for 80% of these tokens would be extended from 3-to-5 years.
The change means tokens will be released more gradually – a net positive for prices.
Worldcoin Fined In South Korea
Despite these vesting changes, Worldcoin faces resistance, especially from some governments and regulators.
In South Korea, the Personal Information Protection Commission (PIPC) charged Worldcoin and Tools For Humanity $830,000.
The fine is for collecting and transferring its citizen’s data without following due process.
In their finding, the PIPC claims that Worldcoin did not correctly notify users of the purpose of the data they were collecting and transferring outside the country.
Most crucially, there was no consent form in Korean to inform the user.
The good news is that Worldcoin only has to address these issues and resume operations.
MemeBet Raises Over $270,000 In Presale
As WLD prints higher and Worldcoin overcomes challenges and benefits from regulatory clarity, eyes are also on meme coins and GambleFi.
One of them, MemeBet, is gaining traction by merging meme coins and GambleFi.
In the ongoing MemeBet presale, the project has raised over $270,000.
The interest in MEMEBET is that the platform would eventually allow users to gamble on various fronts, including sports betting and casino games using popular meme coins like Dogecoin and Shiba Inu.
MemeBet also plans to release loot boxes, trading games, and even airdrop MEMEBET to active users.
Accordingly, there is high hope that those who buy MEMEBET now can benefit from rapid price gains once the token hits popular DEXes at the end of the presale.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
