Worldcoin (WLD) has become the best-performing of the top 100 cryptocurrencies as market positivity helps it rise.
With a price of $6.50 at the time of this report, WLD has gone up by an significant 23.6% in just 24 hours. The coin has reached this price level for the first time in three weeks, which is significant. The value of Worldcoin on the market is now $1.32 billion, making it the 70th greatest digital currency.
An incredible rise matches the huge WLD price rise in its daily trading volume, now $520 million. Also, Santiment data shows that WLD’s total open interest has grown by 21.5% in the last day, rising from $131.9 million to $160.3 million.
Worldcoin Trade, Volatility, Sentiment
The rise in trade activity and open interest points to more price volatility, which could be caused by more whale activity and possible liquidations. Over the same time period, the overall WLD funding rate dropped from 0.008% to 0.001%, mostly due to more short positions, which is another sign of a change in sentiment.
On the trading side, Santiment shows that 87,980 WLD coins have been sent out in the last 24 hours, even though a downward trend was expected. This shows that some investors are buying more Worldcoin even though the market isn’t bullish.
The Relative Strength Index (RSI) for Worldcoin has also increased from 40 to 54 in the last 24 hours, showing that the market is a little too hot. Santiment’s research shows that an RSI below 50 usually means a stable price increase.
