Introduction To WorldCoin Crypto
Worldcoin is a buzzworthy topic in the crypto world during the summer of 2023 and offers an innovative solution to privacy concerns in artificial intelligence. Created by the mastermind behind a well-known AI platform, this system uses iris-scanning technology to enhance privacy and enable international transactions. Surprisingly, within just two weeks of its market debut, Worldcoin’s coin reached a market cap exceeding $265 million, drawing significant attention.
However, criticism has emerged. Podcaster Peter McCormack labeled it a “shitcoin,” and a review from the Massachusetts Institute of Technology suggested it might be a scam. Despite these concerns, detailed explanations from Worldcoin about its workings and purpose remain elusive, leaving many questions unanswered in the crypto community.
Worldcoin Crypto Overview
Worldcoin Crypto is a new cryptocurrency that aims to act as a digital passport, attracting two million users since its launch. Founded in 2019 by Sam Altman, Max Novendstern, and Alex Blania, the project received $125 million in funding from investors like Andreessen Horowitz, Coinbase Ventures, and Khosla Ventures. Despite its explosive start, privacy concerns have surfaced within the crypto community. Currently, Worldcoin has a market capitalization of $229 million and a fully diluted market cap of $21.6 billion. Predictions suggest its price might reach $4.15 by the end of 2023 and an average of $5.25 by 2025.
Worldcoin Historical Analysis
Worldcoin, founded in 2019 by Sam Altman from OpenAI, along with Max Novendstern and Alex Blania, is a project developed by Tools for Humanity, based in San Francisco and Berlin. It aims to create a “digital passport” using a concept called “proof of personhood.” To obtain a Worldcoin ID, users need to undergo an in-person iris scan using Worldcoin’s AI-powered scanners called orbs.
According to information from Crunchbase, Worldcoin raised $125 million through two funding rounds. The Series A round occurred on October 21, 2021, led by Andreessen Horowitz, raising $25 million and valuing the project at $975 million. Subsequently, the Worldcoin ICO was launched, gathering $100 million in investments from Andreessen Horowitz and Khosla Ventures, pushing the project’s valuation to $2.9 billion. Within the first 24 hours of its launch, Worldcoin’s price surged from an initial value of $0.3 to an impressive $3.58. Although there has been a slight correction, the current price stands at $2.11.
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Worldcoin Crypto Current Analysis
Examining Worldcoin price predictions made on August 4, 2023, it’s essential to recognize the potential inaccuracies in such forecasts, especially for volatile assets like cryptocurrencies. These predictions, often generated by algorithms, can change abruptly.
Considering Worldcoin (WLD) is relatively new, predictions may be less reliable. CoinCodex anticipated a drop to $2.22 by August 9, with a recovery to $2.33 by September 3. Their technical analysis was pessimistic, with 10 indicators signaling caution and only one indicating positivity.
Other predictions for 2023 vary. DigitalCoinPrice estimated $4.82, Bitnation predicted $3.40, and Techopedia suggested $4.15. It’s crucial to approach these forecasts with caution due to the unpredictable nature of the crypto market.
How to buy Worldcoin Crypto using a Debit Card?
To buy Worldcoin and various cryptocurrencies easily and securely, Binance provides multiple options. Here’s a straightforward guide to help you get started:
Create an Account:
Sign up for a free account on the Binance website or app. You’ll need to verify your identification before using the platform.
Choose How to Buy Worldcoin:
Click on the “Buy Crypto” link at the top of the Binance website to explore available options for purchasing Worldcoin in your country.
For better compatibility, consider buying a stablecoin like USDT first and then using it to buy Worldcoin.
Payment Options:
- Credit Card and Debit Card: If you’re a new user, this is the easiest way. Binance supports Visa and MasterCard.
- Bank Deposit: Transfer fiat currency from your bank account to Binance and use it to buy Worldcoin.
- Third-Party Payment: Explore various third-party payment channels available in your region.
Check Payment Details and Fees:
Confirm your order within 1 minute at the current price. After 1 minute, your order will be recalculated based on the current market price. You can refresh the page to see the new order amount.
Store or Use Your Worldcoin:
- Once you’ve purchased your crypto, you can store it in your personal crypto wallet or keep it in your Binance account.
- You can also trade it for other cryptocurrencies or stake it on Binance Earn for passive income. If you prefer decentralized exchanges, you can consider Trust Wallet, which supports millions of assets and blockchains.
Following these steps will help you buy and manage your Worldcoin on the Binance platform easily and conveniently.
Where to buy wld( Worldcoin)?
If you want to purchase Worldcoin and are uncertain about where to do so, Binance is a reliable option. It provides a platform to buy various cryptocurrencies, including Worldcoin, with competitive fees and strong security measures. Visit the Binance website or download the app, and create a free account. Binance is a centralized exchange that offers the opportunity to buy a wide range of cryptocurrencies, including Worldcoin.
How to invest in Worldcoin?
The entire process is quite straightforward and can be completed in as little as 10 minutes. All you’ll need is a smartphone or computer, a valid photo identification, and a payment method. Here’s a quick summary of the steps:
- Compare Crypto Exchanges: First, compare different cryptocurrency exchanges that offer the option to buy Worldcoin (WLD) cryptocurrency.
- Create an account: Register for an account on your chosen exchange, and complete the email verification and identity verification steps.
- Make a deposit: Fund your account using options such as a debit card, credit card, wire, or even bitcoin.
- Buy Worldcoin: Once your account is funded, use your deposited funds to purchase Worldcoin (WLD) or any other cryptocurrency you desire.
Conclusion
Considering WLD has only been available for less than two weeks, its response to market fluctuations remains unknown. There are concerns about the platform’s authenticity. While Worldcoin aims to revolutionize authentication in the Web3 cryptocurrency sphere and create a new consumer base, doubts persist about its claims.
It’s crucial for potential investors to conduct thorough research before considering WLD. Despite its ambitious goals, there are uncertainties, making other cryptocurrencies potentially better options. Worldcoin intends to expand its user base globally and offer its iris-scanning technology for identification verification, aiming to prevent fraud and scams.
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FAQs
What is the price of 1 Worldcoin?
The price of 1 worldcoin is US$0.008703.
Is Worldcoin listed on Binance?
Its not listed yet.
Who sells Worldcoin?
Binance sells worldcoin.
Is Worldcoin a good investment?
Currently its not a good investment as in the past month, Worldcoin had 17 out of 30 days, or 57%.
Can I sell Worldcoin?
Yes you can sell Worldcoin.
Is Worldcoin safe?
Yes its safe as your privacy and data is encrypted and safe.
Can I withdraw Worldcoin?
Yes you can withdraw Worldcoin.
Is Worldcoin free?
No its not free but you can get free in some ways.
Is Binance safe or not?
Yes binance is highly secure.
Is Worldcoin on Coinbase?
Yes its available on Coinbase.
References
https://www.binance.com/en/how-to-buy/worldcoin-org
https://nexo.com/buy-crypto/worldcoin-wld
https://www.crunchbase.com/organization/worldcoin/company_financials
