Worldcoin Price Prediction: Will WLD Price Dominate in 2025’s Altcoin Market?

Worldcoin originated from a simple yet profound query: Is it possible to freely and equally distribute a new digital token to every person globally?

Addressing this query requires tackling the broader issue of incorporating the essence of being human into global digital systems. Essentially, how can you allocate digital assets to every person if there is no digital method to verify human identity?

Currently, Worldcoin is composed of numerous project contributors and a burgeoning community that spans five continents, totaling 8,792,620 unique individuals. Its mission has expanded to facilitate universal participation in the global economy by creating the largest identity and financial network worldwide, ensuring open access to all while complying with regulatory standards.

Worldcoin is an innovative cryptocurrency project that merges AI and blockchain technology to redefine identity verification and global transactions.

Under the leadership of OpenAI CEO Sam Altman, Worldcoin employs a groundbreaking identification technique using iris scans. Your iris’s unique pattern serves as your digital identity, distinguishing you from bots and artificial entities.

This advancement is especially significant as cybersecurity challenges emerge with the development of Web3. In this article, we’ll explore Worldcoin price prediction with an in-depth analysis of the future WLD price forecasts.

Worldcoin: A Quick Overview

On July 24, 2023, OpenAI CEO Sam Altman unveiled Worldcoin, a novel cryptocurrency designed to enhance security and reduce fraud, capturing global attention — quite literally.

Worldcoin uses an eye-scanning technology to establish “personhood,” ensuring that users are humans rather than robots. Co-founded by Altman, Alex Blania, and Max Novendstern, Worldcoin is both a cryptocurrency initiative and an online platform. It integrates AI, blockchain, and cryptocurrencies within an open-source framework, granting universal access to the global economy.

Operating on a decentralized model similar to other cryptocurrencies, Worldcoin is not governed by a central authority like a bank but by its users. The development of this project spanned two years, aiming to tackle income inequality through a unique “World ID.”

This World ID serves to confirm human identity, safeguarding against bots and AI. The initiative comprises three main components:

• A globally recognized digital identity.
• A global currency facilitated through Worldcoin tokens.
• An application to manage payments, transfers, and purchases, whether in cryptocurrency or traditional assets.

The entities and groups backing Worldcoin are crafting the technologies essential for accomplishing its mission, which include:

• World ID: This is a digital “humanness passport” that allows you to establish your uniqueness and human identity on the internet, while maintaining privacy.
• The Orb: A bespoke, advanced device designed to privately and securely confirm humanness and individuality through iris recognition.
• WLD Token*: A digital token intended to be distributed freely to individuals for their uniqueness, serving both utility purposes and future governance roles.
• World App: A fully self-custodial application developed by the project contributor Tools for Humanity, which facilitates global payments, purchases, and transfers using digital assets, stablecoins, and traditional currencies.

Worldcoin: How Does It Work?

Worldcoin sets itself apart from established cryptocurrencies like Bitcoin and Ethereum by offering individuals a stake in the future economy without requiring any initial financial investment. The aim of the Worldcoin project is to foster an inclusive global economy accessible to people from every country and economic background.

To acquire Worldcoin, individuals are required to scan their eyes using a sphere-shaped device known as the Orb. This ensures that each participant is human and registers only once. As AI technology advances, establishing human identity becomes increasingly critical, making this unique identifier a central feature of the project.

Each person’s iris has a unique pattern, akin to fingerprints, which the Orb uses to generate a specific identification code. This code acts as the individual’s unique identifier and is securely stored on Worldcoin’s decentralized blockchain to prevent duplication.

The process anonymizes the scans, ensuring they cannot be linked back to the individual once the identifier is created. While the Orb retains no biometric data, it does keep an IrisHash, a numerical representation derived from the iris scan, which is used to identify the person.

After obtaining their IrisHash and a crypto wallet, participants receive their World ID, effectively their digital passport. Orb centers are available in 35 countries, with the device itself being roughly the size of a bowling ball. These centers, located in major cities across Africa, Asia, Europe, South America, and North America, including New York and California, facilitate the iris scanning process in-person.

SMPC and the storage of iris scans

On May 15, 2024, Worldcoin unveiled a new secure multi-party computation (SMPC) system aimed at bolstering the security and privacy of biometric data, notably iris scans. This innovative SMPC protocol encrypts iris codes into various segments that are distributed among multiple holders to foster a decentralized identity framework. These encrypted iris codes remain secure across different storage locations, requiring all components to be combined for decryption and access to the biometric data.

Worldcoin asserts that this system offers robust protection against potential quantum computing threats. However, due to its resource-intensive nature, SMPC has traditionally not been utilized for protecting biometric templates.

Furthermore, Worldcoin plans to eliminate all existing iris codes stored under the old system following their migration to this new SMPC framework.

The source code for the SMPC system is hosted on GitHub and has been made open source, allowing other entities to implement it as a standard for data protection.

User privacy concerns

Concerns have arisen among regulators and privacy advocates regarding the collection of data by Worldcoin, particularly regarding whether users have truly consented to a single business managing all their data.

Worldcoin maintains that its operations are fully confidential, asserting that all biometric data is either deleted or stored securely in encrypted form.

Additionally, there are worries that iris scans could end up for sale on the black market, potentially allowing unauthorized access to Worldcoin accounts.

Worldcoin’s Layer 2

Sam Altman’s Worldcoin, a project aimed at verifying human identity, is preparing to launch its own Layer 2 platform, known as World Chain, to facilitate user onboarding. As detailed in a recent announcement, World Chain will leverage the security protocols of Ethereum. Additionally, the statement highlighted that verified human users will have priority in block allocation over bots and will receive a certain amount of free gas.

Although the Worldcoin Foundation is leading the rollout of this new Layer 2, it is important to recognize that Tools for Humanity has been the primary developer and promoter of Worldcoin.

Worldcoin Historical Price Sentiment

Let’s review some significant dates in the price history of Worldcoin. Although historical performance is not a reliable indicator of future outcomes, understanding the coin’s past behaviour can provide valuable context when making or assessing a Worldcoin price prediction.

Worldcoin Price Prediction: Technical Analysis

WLD price has broken through the $3.3 resistance level, signaling the start of a potential upward trend. Currently, the price is experiencing a robust upward movement and is expected to continue rising in the coming hours. However, there is strong resistance at the $3.5 mark. As of now, the price of Worldcoin price stands at $3.25, having increased by over 4.5% in the past 24 hours.

If buyers maintain the price above $3.5, the WLD/USDT pair could advance towards the $4.1 mark, although this level might face significant opposition from the bears. On the flip side, if the price drops from its current level and falls below $3, it would suggest that the market has not maintained its upward momentum.

This could lead the pair to drop to $2.5, and potentially further towards the 50-day SMA at $2.2. Should there be a rebound from the 2.5 level, the bulls may attempt to push the price back above $4.1, aiming to sustain the upward trajectory toward $4.7.

Worldcoin Price Prediction By Blockchain Reporter

Worldcoin Price Prediction 2024

In early January 2024, Worldcoin’s value fell to $2.14, the lowest since January 2021, after peaking at $3.85. Market analysts and investors foresee the currency surpassing the $4.78 mark by year’s end. As of December 11, 2024, Worldcoin is trading at $3.09 with a 24-hour volume of $864.99 million, ranking it as the 59th currency in the cryptocurrency market.

Worldcoin Price Prediction 2025

Worldcoin could surpass the $8.00 mark by the end of 2025, with prices expected to stabilize around $7.44. Despite fluctuations and debates over its environmental impact, billionaire Tim Draper predicts the coin will hit $8.00 by late 2025 or early 2026.

Worldcoin Price Prediction 2026

Analysts project that Worldcoin will open 2026 at $9.11 and could average around $11.17 throughout the year, marking a significant increase from the previous year.

Worldcoin Price Prediction 2027

There is potential for Worldcoin to double its price in 2027, though it may not reach the maximum anticipated price of $14.05. Expectations set the possible high at $12.89 or $14.05, predicting a pivotal year for the cryptocurrency.

Worldcoin Price Prediction 2028

In 2028, Worldcoin is anticipated to experience substantial growth, with predictions suggesting it could exceed $14.05. The forecast for the year estimates a minimum price of $11.89, with potential highs reaching up to $14.05 over the next five years.

Worldcoin Price Prediction 2029

Experts predict that Worldcoin will achieve a price level of at least $16.33 in 2029, with the potential to climb to $16.83. The expected minimum for the year is around $14.65.

Worldcoin Price Prediction 2030

By 2030, it is predicted that Worldcoin will start at a price of $22.77 and maintain this level throughout the year, with the possibility of reaching $20.86.

Worldcoin Price Prediction 2031

Forecasters expect Worldcoin to reach an average price of $31.08 in 2031, with a minimum of $30.12 and a peak at $32.21, suggesting a significant market shift.

Worldcoin Price Prediction 2032

Worldcoin is expected to trade at a minimum of $42.49 in 2032, with an average price of $43.68 and possibly peaking at $44.38.

Worldcoin Price Prediction 2033

In 2033, Worldcoin aims to reach a floor price of $57.95 and could ascend to a high of $59.72, with an average trading price of $59.01. The year could witness a breakthrough to new levels, depending on market conditions.

Worldcoin Price Prediction: By Experts

According to Coincodex’s current Worldcoin price prediction, the price of Worldcoin is expected to increase by 230.45% and reach $9.66 by January 10, 2025. Coincodex’s technical indicators suggest that the current market sentiment is neutral, while the Fear & Greed Index indicates a reading of 74, representing ‘Greed’. Over the past 30 days, Worldcoin has experienced 16 green days out of 30, showing a 53% positivity rate with a price volatility of 20.00%.

Based on these forecasts, Coincodex suggests that now might be a good time to purchase Worldcoin. For 2025, it is predicted that Worldcoin will trade within a price range of $5.00 to $13.93. On average, the coin is expected to be priced at $8.03 throughout the year. January is forecasted to be the most bullish month for Worldcoin, with an expected increase of 357.99% from the current price.

According to AMBcrypto’s Worldcoin Price Prediction model, the price of WLD is projected to be $5.68 in 2028, with potential fluctuations ranging from $4.54 to $6.82. Similarly, the model predicts that by 2033, the price of Worldcoin could reach $11.28, with a possible price range between $9.02 and $13.53.

Is Worldcoin a Good Investment?

Since last year, Sam Altman and his startup OpenAI, the creators of ChatGPT, have garnered significant public attention due to growing interest in artificial intelligence.

Worldcoin has attracted investments from some of Silicon Valley’s top venture capital firms, including Andreessen Horowitz and Blockchain Capital.

Interestingly, after initially criticizing the project, Spencer Bogart from Blockchain Capital later praised it for offering the most effective solution to combat Sybil attacks. These attacks involve a hacker creating multiple fake identities to take over an online network.

Despite having many enthusiastic supporters, Worldcoin has also faced considerable skepticism. Following its high-profile launch in October 2021, the project quickly faced criticism, particularly about its privacy practices, as it had not yet published a white paper or opened its code for external review. Adding to the controversy, a report by Gizmodo claimed that in China, iris scans were being sold on the black market to access the Worldcoin beta network, which conducts KYC verification for the World App.

Further doubts arose regarding the company’s commitment to fairness, especially after it was revealed that 20% of the coins were pre-allocated, with 10% going to Worldcoin’s full-time employees and another 10% to investors like Andreessen Horowitz.

It is advised to invest in Worldcoin crypto at a price of $2 for a profitable return in the long term.

Conclusion

Ethereum co-founder Vitalik Buterin cautiously praised the Worldcoin project for its potential in privacy protection, despite feeling uneasy about the “dystopian vibes” from its deep eyeball scans. He also warned that relying heavily on their specialized scanning orbs might give Worldcoin too much power and hinder its global acceptance.

On another note, Twitter founder and cryptocurrency enthusiast Jack Dorsey seemed less impressed, sarcastically calling the project “cute” and issuing a playful yet ominous warning, “Visit the Orb or the Orb will visit you…”.

Meanwhile, Sam Altman, the mastermind behind Worldcoin, has openly embraced the criticism. He expressed on social media that negative feedback energizes his team and admitted the project’s bold nature, tweeting, “Maybe it works out and maybe it doesn’t, but trying stuff like this is how progress happens.”

As artificial intelligence (AI) continues to advance, it will increasingly challenge our ability to distinguish between humans and machines.

Despite mixed opinions, there is still an expectation that Worldcoin will stay true to its mission of improving online identity verification and promoting the concept of proof of personhood.

While the immediate success of Worldcoin is uncertain, its ambitious goals and potential to make a significant impact mark it as one of the most audacious endeavors in the field.

Overall, it is advised to do your own research and conduct experts’ opinions before investing in the volatile crypto market.

Frequently Asked Questions (FAQ):

What is Worldcoin?

Worldcoin is a cryptocurrency project led by OpenAI CEO Sam Altman. It combines blockchain technology and AI to create a global financial and identity network that prioritizes privacy and inclusivity. Users verify their identity using unique iris scans, creating a digital ID.

How does Worldcoin work?

Worldcoin uses a device called the Orb to scan users’ irises, generating a unique, anonymous identifier. This identifier verifies a person’s identity and prevents duplication, ensuring that only humans — not bots — participate in the system.

What is the purpose of the WLD token?

The WLD token serves as the native cryptocurrency of the Worldcoin ecosystem. It facilitates payments, governance, and incentivizes users through staking and participation in the network.

What are the components of Worldcoin?

• World ID: A digital identity verifying humanness.
• Orb: A device for secure iris-based identity verification.
• WLD Token: The native cryptocurrency for utility and governance.
• World App: A platform for managing payments and transactions in cryptocurrencies and fiat.

What is the significance of Worldcoin’s SMPC system?

The Secure Multi-Party Computation (SMPC) system ensures the secure storage of iris scans. It splits encrypted biometric data across multiple locations, enhancing privacy and protection against quantum computing threats.

What are the predictions for WLD’s price in 2025?

Analysts project that Worldcoin could reach an average price of $7.96, with a potential high of $8.55, driven by increased adoption and technological advancements.

Is Worldcoin a good investment?

Worldcoin has shown strong investor backing and innovative technology, making it a promising option. However, concerns about privacy and centralized data storage remain. As with all cryptocurrencies, it’s crucial to research and assess risks before investing.

What challenges does Worldcoin face?

Privacy concerns, potential misuse of biometric data, and regulatory scrutiny are major challenges. The project has addressed these through decentralized protocols and encryption measures.

What is Worldcoin’s impact on identity verification?

Worldcoin aims to redefine online identity verification by providing proof of personhood. This is particularly relevant as AI advancements blur the lines between human and machine.

How does Worldcoin compare to other cryptocurrencies?

Unlike Bitcoin or Ethereum, Worldcoin focuses on universal inclusivity and identity verification, aiming to create a global economic system accessible to all. It uniquely integrates AI and biometric technology into blockchain systems.

What are the expert opinions on Worldcoin?

Ethereum co-founder Vitalik Buterin praised its privacy potential but expressed concerns over its centralized aspects. Sam Altman, the project’s leader, acknowledges its boldness and sees criticism as a catalyst for innovation.

Should I invest in Worldcoin?

Worldcoin offers long-term potential for growth and innovation, particularly in online identity verification. However, the crypto market is volatile, and you should consult expert opinions and conduct thorough research before investing.