WLD Price Forecast: Sam Altman’s Worldcoin Targets 1B Users with Ethereum L2 Launch

Sam Altman Announces Worldcoin Rebrand to “World Network” and New Ethereum L2 Project to Onboard 1 Billion Users

On Oct 17, Worldcoin’s founder, Sam Altman, announced a major rebrand to World Network and unveiled plans to grow the digital identity initiative’s user base to 1 billion people during a keynote address.

The keynote, led by co-founders Sam Altman and Alex Blania, marked a significant shift in the project’s trajectory, coinciding with key updates designed to drive global adoption of its decentralized identity platform.

Among the updates announced were the launch of World Chain, an Ethereum-based Layer 2 blockchain, and the release of new versions of its biometric Orb devices and World App.

Promises of Accelerated Growth Trigger 22% WLD Price Breakout

The rebranding highlights World Network’s evolving mission, shifting from its original identity verification model to a more decentralized, scalable network.

According to the team’s official blogpost, 15 million World ID holders and World App users have either migrated or are in the process of migrating to World Chain as of Oct 17, 2024.

Blania, also the CEO of Tools for Humanity, noted that the project is now focused on scalability and decentralization. He said:

“Today, we are taking the next big step in our mission — scaling the World Network to reach 1 billion users.”

– Alex Blania, Co-founder of World Network, Oct 17, 2024.

World’s new version of the Orb, which scans a user’s iris to verify identity, is central to the project’s ambition to expand globally. Blania added that World would triple its production capacity and expand into new locations, including Buenos Aires and Mexico City.

Market trends suggest that this announcement was well-received. The WLD/USD price chart above shows a 22% surge, moving from $2.08 on Oct 17 to $2.53 on Oct 19.

The IntoTheBlock chart above also shows that there has been a noticeable increase in the number of,  new addresses joining the Worldcoin network since Oct 13. And as the new L2 project launched, the new entrants created another 231 new addresses.

One of the key elements catching traders’ attention was the promise of broader AI integration as part of the revamped World Network. During the keynote, Altman emphasized the growing importance of human identity verification in an AI-driven world. According to Altman:

“As AI becomes more integrated into our lives, having a trusted human verification layer is critical.”

– Sam Altman, Founder of OpenAI & World Network, Oct 17, 2024.

The updated Orbs, set to launch in public spaces such as cafes by spring 2025, will play a pivotal role in making identity verification more accessible, contributing to the network’s growth.

Uniswap Integrates World Chain Layer-2 Within 24hrs Post-Launch

Alongside the expansion of its biometric capabilities, World officially launched World Chain, a Layer 2 blockchain built on the Ethereum network to support millions of users. As of its launch day, 15 million users had registered, positioning World Chain as one of the largest human verification blockchains to date.

Within 24 hours of launching World Chain, Sam Altman’s project secured its first high-profile partnership. On Oct 18, Uniswap, the world’s largest decentralized exchange (DEX) by trading volume, announced the integration of World Chain into its platform.

“World Chain is now live on Uniswap Web and Wallet”

– Uniswap Labs, Oct 18, 2024.

Following the 22% price surge and the landmark integration with Uniswap, World Network is poised to gain significant traction in the near term. Increased network activity and improved accessibility to purchase and transfer WLD tokens through Uniswap could further bolster the bullish momentum.

WLD Price Forecast: $3 Breakout in Firm Focus

Linking its technical outlook to the narrative, WLD appears primed for further upside, with the $3 mark now a key psychological target for bullish traders.

Examining technical indicators on the WLD/USD daily chart below, the price has recently surged above a pivotal resistance at $2.45, with further upside targets aligning with the R2 pivot at $2.66.

A successful break above this level could pave the way for a push toward $3.15, near the R3 pivot, which coincides with a strong resistance zone.

Conversely, key support levels are visible around $2.08 and $1.97. The latter represents a significant pivot from its prior consolidation phase. Should any pullbacks occur, bulls will likely view these zones as buying opportunities, maintaining an overall upward trend in the short term.

Relative Strength Index (RSI) readings also support this bullish outlook. With the RSI currently hovering above 65, the market is approaching overbought territory, but it hasn’t crossed the critical 70-mark, signaling that there may still be room for further gains before momentum slows.

Given the recent 22% surge and Uniswap’s rapid integration, traders are closely watching the $2.66 resistance as the next key battleground for bulls. A breakout above that level could quickly attract additional buy orders, potentially pushing WLD price towards $3 and possibly higher in the coming days.