Worldcoin (WLD) experienced a significant surge in price, climbing 23% to reach $2.14 and surpassing all other top 100 coins by market cap in terms of 24-hour gains. This spike in WLD price coincided with the expansion of Worldcoin’s World ID verification system to three new countries: Guatemala, Malaysia, and Poland. The token’s value had previously dipped to lows of $1.35 on September 6 before rebounding and reaching its highest level since August 1, 2024.
The rapid increase in WLD price made it the top gainer among cryptocurrencies in the top 100 by market cap on Wednesday. With an intraday high of $2.14, Worldcoin’s token outperformed other digital assets such as Sei (SEI), Popcat (POPCAT), and Starknet (STRK). SEI and POPCAT tokens were showing gains of 18.8% and 12.5% respectively, while STRK was up by 8.5%. Starknet’s rise was attributed to the announcement of phase one of its staking being live.
Worldcoin’s latest milestone involved the expansion of its World ID verification system to three new countries. The project’s announcement on September 25 highlighted the addition of Guatemala, Malaysia, and Poland to the list of countries where World ID is now available. This expansion follows Worldcoin’s successful entry into the European market in July. The World ID serves as an AI-related digital passport and is an integral part of Worldcoin’s ecosystem.
Furthermore, Worldcoin introduced a new feature called Face Auth on September 19. This feature enables individuals to verify their World IDs using a Worldcoin orb, ensuring a private and secure 1:1 face comparison for online authentication. The integration of World ID on Solana through the Wormhole interoperability platform earlier this month allowed users to authenticate their World IDs initially verified on Ethereum on the Solana blockchain.
In conclusion, Worldcoin’s price surge and the expansion of its World ID verification system to new countries demonstrate the project’s commitment to innovation and growth in the cryptocurrency space. With the introduction of features like Face Auth and partnerships with platforms like Solana, Worldcoin continues to position itself as a key player in the evolving digital economy.