The price of Worldcoin (WLD) has recently surged significantly, coinciding with the altcoin season. Analysts point to bullish trends in its movement, supported by strong technical indicators and an increase in trading volumes. These factors suggest that the price of Worldcoin may continue to rise in the near future.
Recently, the price of WLD bounced back from a local low of $2.25, reaching $2.98, marking a 20% increase. At the time of writing, the asset is trading at $2.92, according to CoinMarketMap. The market capitalization has risen by more than 14% to $2.06 billion, while trading volume surged by 149% to $1.43 billion.
Analysts believe this growth reflects an increasing interest in altcoins as market conditions improve. At this stage, altcoins are experiencing heightened investor interest and capital inflow, often outpacing Bitcoin. Analysts link this to a broader market breakthrough, signaling the beginning of a bullish phase for altcoins, including Worldcoin.