Daily transactions with Worldcoin exceeded 241%

Sam Altman’s cryptocurrency project Worldcoin (WLD) continues to grow rapidly. The altcoin, which grew by 336% in a month, experienced a 40% rally in the last 24 hours alone. With only 1.5% of its maximum supply of 10 billion tokens in circulation, WLD still managed to raise its price to $ 10.9.

According to the analytical tracker CoinMarketCap, at the time of writing, WLD is trading for $ 10.6 with a market capitalization of $ 1.5 billion, an increase of 45%. Traders made daily trading deals worth $ 1.6 billion, an increase of more than 241%.

Nevertheless, crypto experts warn that since the coin’s turnover rate is very low, there are a large number of altcoins waiting to be unlocked.

The reason for the rise in the WLD price was that Worldcoin founder Sam Altman filed a lawsuit against Spain on Friday, March 8, for banning WLD and returned to the OpenAI board of directors.

Worldcoin is a digital identity verification project that pays users in its own cryptocurrency in exchange for scanning their irises. It was launched in July 2023 by OpenAI CEO Sam Altman and Alex Blania. The goal of Worldcoin is to try to introduce a worldwide universal basic income by giving everyone on the planet a small number of WLD tokens in exchange for verifying their identity.