{"id":21130,"date":"2024-10-19T07:06:11","date_gmt":"2024-10-19T07:06:11","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=21130"},"modified":"2024-10-19T07:06:11","modified_gmt":"2024-10-19T07:06:11","slug":"worldcoin-rebrands-now-simply-known-as-world","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/worldcoin-rebrands-now-simply-known-as-world\/","title":{"rendered":"Worldcoin Rebrands: Now Simply Known as ‘World’"},"content":{"rendered":"\n

Market experts remain hopeful for the cryptocurrency World, previously called Worldcoin, as it might see a price surge despite a recent downturn.<\/p>\n

During a press gathering in San Francisco, Sam Altman announced that Worldcoin has officially rebranded to World, shifting its emphasis from just digital asset ownership to identity verification within an AI-driven framework. Alongside Alex Blania, Altman introduced Orb 2.0, a new and enhanced iris-recognition technology.<\/p>\n

There is a strong belief that the World<\/a> cryptocurrency will see a notable increase in value in the coming weeks, thanks to its significant growth potential.<\/p>\n

<\/span>World: Price Movements Indicate Possible Recovery<\/strong><\/span><\/h2>\n

The recent price changes of World crypto may indicate a bullish trend that could lead to a price increase for the digital coin.<\/p>\n

After its rebranding<\/a> from Worldcoin to World, the price of World dropped by 5%, settling at $2.19.<\/p>\n

<\/p>\n

Nevertheless, looking at the long-term trends, digital asset prices are on the rise. As per CoinGecko data, the price of World<\/a> has increased by 47.5% over the last month, which is a promising sign for this cryptocurrency.<\/p>\n

<\/span>Resistance Level at $2.47<\/strong><\/span><\/h2>\n

Experts suggest that if a breakout occurs, World may face its first resistance at $2.47. They are closely monitoring the price dynamics to see if World can sustain its upward trend or if it will revert to lower levels.<\/p>\n

<\/p>\n

Should the price rally gain momentum, analysts indicate that the next resistance level could be at $4.01, followed by a target of $5.41. Some analysts even predict a potential rise to $6.57, which would largely depend on the anticipated benefits from its identity verification technology and the launch of Orb 2.0<\/a>.<\/p>\n

Additional Technical Insights<\/strong><\/p>\n

In the near term, the Relative Strength Index (RSI) suggests that market sentiment for the cryptocurrency is in a neutral to cautiously optimistic range. With an RSI score of 56.41, the coin indicates a minor bullish trend.<\/p>\n

Conversely, the Chaikin Money Flow (CMF) conveys a negative reading, suggesting that selling pressure exceeds buying interest, which implies that traders are more hesitant.<\/p>\n

Encouraging Developments<\/strong><\/p>\n

Additionally, Grayscale, a digital asset management firm, has shown interest in investing in this cryptocurrency, indicating that World is gaining traction and trust among institutional investors.<\/p>\n

If Grayscale proceeds with its investment, it might attract more comparable investors to participate in the crypto market.<\/p>\n

Grayscale holds positions in other major cryptocurrencies like Bitcoin and Ethereum and typically enhances the visibility of listed digital assets, potentially drawing in more investor interest.<\/p>\n

Image sourced from Pexels, chart by TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Market experts remain hopeful for the cryptocurrency World, previously called Worldcoin, as it might see a price surge despite a recent downturn. During a press gathering in San Francisco, Sam Altman announced that Worldcoin has officially rebranded to World, shifting its emphasis from just digital asset ownership to identity verification within an AI-driven framework. Alongside […]<\/p>\n","protected":false},"author":1,"featured_media":21131,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Worldcoin Rebrands: Now Simply Known as 'World' - Bitrabo","description":"Market experts remain hopeful for the cryptocurrency World, previously called Worldcoin, as it might see a price surge despite a recent downturn. During a press"},"footnotes":""},"categories":[316],"tags":[880,806,626,5725,4249,1037],"class_list":["post-21130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-coin","tag-drops","tag-major","tag-rebrand","tag-world","tag-worldcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/21130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=21130"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/21130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/21131"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=21130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=21130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=21130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}