Worldcoin (WLD) Price Recovers Ground After Spanish Deal Revealed
The currency is now approaching the $5 mark. However, it has not yet managed to breach it.
After the news broke that Worldcoin had asked for a ceasefire in Spain, the price of its token, WLD, experienced a new surge. However, this new upward move should not be fully interpreted as the start of a larger rally.
It should not be overlooked that this project is facing problems with regulators around the world, which makes a bullish outlook uphill. Recently, Hong Kong authorities ordered the protocol to immediately cease operations within that Chinese jurisdiction.
In any case, the project has agreed with the Spanish Data Protocol Agency (AEPD) to stop its operations in that country. The suspension of retinal scanning activities in the European country will last for one year or until the completion of the ongoing investigations into the Protocol’s data handling.
Worldcoin is a project that aims to create a global digital identity and a universal income. These goals, set by the company Tools for Humanity, are presented as a form of escape from the harshness of AI. In fact, the so-called Proof-of-Personhood will allow digital creators to sign their projects and distinguish them from the creations of AI bots.
Worldcoin (WLD) Price Reacts, But It’s Not Enough
The price of the Worldcoin token, WLD, reacted positively to the agreement in Spain. However, the deal does not seem to be enough to warrant a more consistent rise in the price of the digital currency.
The exchange value of the WLD token is $4.92 per unit. This represents a return of 0.12% in 24 hours and over 4% in a week. Over the last month ending this Friday, the coin shows a negative performance of -12.26%.
According to Messari’s data, the price of the currency is 57.85% away from its historical maximum of $11.71. This maximum price was reached in March, but was followed by a dramatic plunge that was precisely related to the controversy with the Spanish regulators. At the time, the protocol appealed to the courts, but now the situation seems to be changing with an agreement.
An important aspect of this agreement with the Spanish agency is that it is subject to an investigation by the German BayLDA. According to the findings of that other agency, Worldcoin may or may not continue its operations in the Iberian country. If it has a positive outcome, the matter could lead the price of Worldcoin (WLD) to a new rally. However, this seems to be a long way off.
Worldcoin (WLD) Price
The current price of Worldcoin (WLD) today is $4.11 with a volume of $382 million in the last 24 hours. The monthly high is 5.55 €. The monthly low is $4.07. There are currently 234 million Worldcoin in circulation, with a total market capitalization of $963 million.
According to CryptoPredictions, Worldcoin started in June 2024 at $4.847 and is predicted to finish the month at $3.729. During June, the maximum forecasted WLD price is $5.796 and the minimum price is $3.729.
The WLD Price is forecasted for today (08.06.2024) to be in the $4.164 – $6.124 price range. Worldcoin is predicted to end today at $4.899.
By Leonardo Perez