Worldcoin (WLD) Jumps 25% on Quantum-Secure Upgrade

Sean Williams
Worldcoin (WLD)

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  • WLD gains 25% to $1.25 amid APMC quantum-security upgrade.
  • Trading volume spikes 176% to $1B, open interest up 20%.
  • Analysts eye multi-year breakout with $4 price target.

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Worldcoin’s native token, WLD, surged 25% in the past 24 hours, climbing to $1.25 on the back of its latest security initiative. The cryptocurrency, backed by Sam Altman’s iris-scanning project, is gaining traction as investors respond positively to the launch of its anonymized multi-party computation (APMC) upgrade.

Quantum-Secure Push Boosts Investor Confidence

The APMC initiative is designed to bolster Worldcoin’s quantum-resistant infrastructure, addressing long-standing concerns about potential vulnerabilities from quantum computing. This advancement has sparked renewed confidence among long-term holders, with many choosing to accumulate rather than sell.

On-chain data supports this shift: the mean coin average (MCA) for WLD continues to rise, reflecting consistent accumulation and strengthening the foundation for further recovery. Analysts suggest this could be an early sign of sustained investor conviction.

Volume and Derivatives Data Show Bullish Momentum

WLD’s 25% rally was accompanied by a massive 176% spike in daily trading volume, hitting the $1 billion mark. Derivatives market activity also confirmed the bullish mood, with open interest climbing 20% to $447 million. CoinGlass data shows $112 million in new positions entered on the buyers’ side, while the long-to-short ratio edged higher to 1.05, suggesting market participants are leaning bullish.

Multi-Year Breakout on the Horizon?

Technical analysts highlight that Worldcoin is nearing a multi-year trendline breakout, a move that could potentially propel prices toward $4.00, its December 2024 high.

Interestingly, WLD’s daily chart also shows a Bearish Butterfly harmonic pattern. Despite its name, this formation often precedes bullish continuation once the token enters its Potential Reversal Zone (PRZ). With strong fundamentals and growing institutional backing, WLD could be setting up for an extended rally.

Worldcoin’s recent surge reflects more than short-term hype. The APMC launch, rising accumulation, and robust derivatives activity suggest that WLD could be preparing for a major breakout. If momentum continues, the token may have its sights set on reclaiming multi-dollar levels in the coming months.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

Also Read: Worldcoin Price Surges 11% as Bullish Momentum Builds Toward $1.5 Target

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