Worldcoin's (WLD) price skyrocketed over 100% following Eightco Holdings' announcement of a substantial $250 million investment. This market uptick was supported further by a listing on Upbit and contributions from other investors.
Eightco's Investment and WLD Price Growth
Eightco Holdings announced an allocation of $250 million to acquire Worldcoin as its primary holding. This decision reflects the company's confidence in cryptocurrency as a viable treasury strategy. Consequently, WLD's value increased from approximately $0.95 to $2.21, representing a 132% gain.
Market Impact and Open Interest
There was a notable rise in trading volume and open interest for WLD. Analysts have observed that open interest reached $625 million, supporting the price action. VERTIX commented, 'I entered a WLD long at $0.90 and am holding my position as I see a path to $4 in the short term.'
Future Prospects and Steps in Crypto Investment
The listing on major exchanges like Upbit has drawn attention to WLD. Market participants, including notable investors, highlight potential shifts in financial strategies and increased liquidity. This also opens up avenues for technological advancements in AI identity sectors and DeFi protocols linked to WLD.
The recent price increase of Worldcoin demonstrates the growing confidence of institutional investors in crypto assets. Eightco's investments and the active involvement of other market players indicate potential changes in financial strategies and could create new opportunities in the cryptocurrency landscape.
