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🧠 What is the WLD (Worldcoin) token?
WLD is the controversial digital project from Tools for Humanity, managed by one of the founders of OpenAI, 'Sam Altman'.
The goal? To create a global digital identity using a device called 'Orb' to scan the iris, and reward users with WLD tokens for registering their biometric identity.
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📈 The highest price WLD reached
On March 10, 2024, WLD reached its all-time high of $11.80, according to CoinMarketCap data, following a strong upward wave driven by digital identity launch trials in African and Asian countries.
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📉 From $7.5 to $1.4... What happened to the price?
Although the currency touched $7.5 in March 2024 due to media momentum, its price has currently fallen to about $1.41.
Reasons for the decline include:
Criticism regarding biometric privacy rights.
The absence of widespread practical applications.
The decline of media momentum and institutional support for the project.
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🔍 Can WLD return to the top?
A return is possible but conditional on several factors:
1. Government or institutional partnerships adopting WLD for digital identity verification.
2. Clear regulatory support for the biometric data collection mechanism.
3. Overall market recovery and increased interest in Web3 projects.
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⚖️ Expert opinion
An optimistic team sees the project as a long-term revolutionary endeavor if implemented safely and gradually.
Others consider it fraught with ethical and regulatory risks, especially concerning user privacy.
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💬 Should you invest now?
If you are a risk-taker and willing to hold long-term, you might find a unique opportunity in WLD.
If you are looking for quick and guaranteed profits, it might be better to wait for stronger signals of recovery.