TLDR
- Worldcoin is integrating Circle’s USDC and CCTP V2 to improve global transfers
- World ID has launched in six key US cities including Atlanta, Miami, and Los Angeles
- WLD price is up approximately 12% weekly, trading around $1.04
- Bulls appear to be gaining control of the rally according to technical indicators
- Price analysis suggests potential for an 80% upswing if key resistance levels are broken
Worldcoin, the AI-powered blockchain project led by Sam Altman, has announced plans to integrate Circle’s USDC stablecoin and Cross Chain Transfer Protocol (CCTP) V2 into its network. This move comes shortly after the launch of World ID in six major US cities, developments that have caught the attention of crypto market participants watching the WLD token price.
The World team revealed on Friday that USDC and CCTP V2 will soon be available on World Chain. While bridged USDC is already accessible on the network, an upgrade to issue the digital dollar directly is in development.
Users from Buenos Aires to Busan have been using bridged USDC via ‘Mini Apps’ to send remittances without high transfer fees. With the upcoming integration, all existing bridged USDC on World Chain will convert to native USDC.
This change aims to provide users with coins that are fully backed by highly liquid cash and cash-equivalent assets.
The CCTP V2 upgrade will make cross-chain transfers more seamless and cost-effective. These developments are designed to improve user experience across the network.
Worldcoin has also expanded into the US market, launching its World ID verification system in Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco.
The project uses its “Orb” technology for identity verification and offers WLD tokens to users who complete the process. This expansion into the US market represents a major milestone for the crypto project.
Technical Analysis Points to Bullish Outlook
WLD is currently trading at approximately $1.04, with a weekly increase of about 12%. This upward movement has kept investors hopeful about a potential bull run.
The weekly chart shows that the price has reached the lowest level of consolidation, attracting bulls. Buying pressure has increased, pushing the price above the conversion line of the Ichimoku cloud.
If the price maintains an ascending trend, the conversion and base lines of the Ichimoku could experience a bullish crossover, indicating the start of a fresh bullish trend.
The weekly MACD indicates decreasing selling pressure. With rising buying volume, the price may begin to surge more dramatically.
The US launch coincided with Coinbase listing the WLD token for US customers. This is expected to increase trading volume in the coming days, potentially having a positive impact on the WLD price.
The next resistance zone appears to be between $2.2 and $2.4. A rise above this range could elevate the price to around $4, completing a double bottom pattern.
A breakout from these levels could trigger a strong upswing, with some analysts suggesting the potential for the token to reach double digits.
The token’s price at the time of reporting showed a marginal 0.25% daily increase while trading at $1.04.
