{"id":430436,"date":"2024-10-06T14:30:25","date_gmt":"2024-10-06T09:00:25","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=430436"},"modified":"2024-10-06T12:21:11","modified_gmt":"2024-10-06T06:51:11","slug":"worldcoin-gains-traction-is-2-within-reach-for-wld","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/worldcoin-gains-traction-is-2-within-reach-for-wld\/","title":{"rendered":"Worldcoin gains traction: Is $2 within reach for WLD?"},"content":{"rendered":"<ul>\n<li><em>WLD was up 10% in the last 24 hours despite mixed on-chain metrics.<\/em><\/li>\n<li><em>Sentiment remained bearish, as only 11% of holders were in profit at the current price.<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/predictions\/worldcoin-wld-price-prediction\" target=\"_blank\" rel=\"noopener\">Worldcoin [WLD]<\/a> has been one of the outstanding performers in the crypto market over the past week, boasting significant bullish gains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Data from <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/worldcoin-org\/\"><span style=\"font-weight: 400;\">CoinMarketCap <\/span><\/a><span style=\"font-weight: 400;\">indicated that at the time of writing, WLD had jumped about 10% in the past 24 hours alone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This sharp increase mirrored a growing interest in WLD, as market participants took note of the recent market momentum.<\/span><\/p>\n<h2>WLD active addresses are on the rise<\/h2>\n<p><span style=\"font-weight: 400;\">Worldcoin&#8217;s trading activity was also on the rise, further driving its altcoin price movement. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Active addresses interacting with the coin were up 8% in the last 24 hours, signaling increased market participation in the cryptocurrency. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This rise in active addresses usually pointed to increased buying and selling activities, adding more liquidity to the coin.<\/span><\/p>\n<p><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_wld_daily_active_addresses_ethereum_2024-10-05T14_01_59.886Z.png\"><img decoding=\"async\" class=\"aligncenter wp-image-430439 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_wld_daily_active_addresses_ethereum_2024-10-05T14_01_59.886Z.png\" alt=\"\" width=\"1200\" height=\"800\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_wld_daily_active_addresses_ethereum_2024-10-05T14_01_59.886Z.png 1200w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_wld_daily_active_addresses_ethereum_2024-10-05T14_01_59.886Z-300x200.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_wld_daily_active_addresses_ethereum_2024-10-05T14_01_59.886Z-1024x683.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_wld_daily_active_addresses_ethereum_2024-10-05T14_01_59.886Z-768x512.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a> Source: IntoTheBlock<\/p>\n<h2>Profitability remains low<\/h2>\n<p><span style=\"font-weight: 400;\">While WLD&#8217;s price has surged significantly, only 11% of its holders were in profit at press time. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This pointed to broader bearish sentiment, indicating that the majority of investors have not yet reached break-even on their initial investments. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The contrast between this price increase and the levels of profitability was an indication of uncertainty in the market.<\/span><\/p>\n<figure id=\"attachment_430440\" aria-describedby=\"caption-attachment-430440\" style=\"width: 1332px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-430440 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Active-adresses-WLD.jpg\" alt=\"\" width=\"1332\" height=\"418\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Active-adresses-WLD.jpg 1332w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Active-adresses-WLD-300x94.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Active-adresses-WLD-1024x321.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Active-adresses-WLD-768x241.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Active-adresses-WLD-1200x377.jpg 1200w\" sizes=\"(max-width: 1332px) 100vw, 1332px\" \/><figcaption id=\"caption-attachment-430440\" class=\"wp-caption-text\">Source: IntoTheBlock<\/figcaption><\/figure>\n<h2>Can WLD hit $2?<\/h2>\n<p><span style=\"font-weight: 400;\">The main question among many traders now would be whether WLD can sustain this rally and break the $2 level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although the spike in active addresses was a positive sign, most on-chain metrics would suggest a more conservative expectation due to the low profitability rate. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This slight bearish sentiment will probably limit the upside potential of the coin, at least in the near future.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/worldcoin-wld-price-prediction\">Worldcoin&#8217;s [WLD] Price Prediction<\/a> 2024\u20132025<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">The recent WLD\u2019s 10% surge has undoubtedly gained the attention of many in the crypto space, despite its on-chain metrics telling a different story.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With only 11% of holders currently in profit, along with general bearish sentiment, this hike to $2 may not be straightforward.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p> WLD jumps 10%, but on-chain metrics raises concerns with only 11% of holder in profits.<\/p>\n","protected":false},"author":93,"featured_media":430358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[6427],"class_list":["post-430436","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Worldcoin gains traction: Is $2 within reach for WLD? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"WLD surges 10% in 24 hours.However, on-chain metrics paint mixed signals, with only 11% of holders in profit.\" \/>\n<meta name=\"robots\" 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