Can the Partnership with Visa Skyrocket Worldcoin?
The price of Worldcoin (WLD) has seen a dramatic increase of 10% following reports of discussions between its parent company, World Network, and payment giant Visa. This potential partnership could enable users to make payments using stablecoins across Visa’s vast network, bridging the gap between traditional finance and cryptocurrencies.
According to available information, World Network is exploring ways to integrate payments with stablecoins into its World Wallet. By partnering with Visa, users could settle their purchases in stablecoins at millions of merchants accepting Visa cards worldwide.
Visa has been a pioneer in adopting stablecoins, recently adding support for USDC for cross-border payments and integrating it with Visa acquirers like Worldpay. This potential partnership with World Network aligns with their strategy to bridge traditional and decentralized systems.
Additionally, World Network is rolling out other initiatives to enhance its identity verification solutions. A recent addition to its ecosystem is World Chat, a secure messaging feature in the World app that requires identity verification through facial and voice recognition.
The company has also partnered with Razer, a gaming hardware specialist, to address issues related to bots in online gaming. They have launched Razer ID and World ID to authenticate users’ humanity. These efforts are part of World Network’s overall strategy to expand its impact across sectors such as gaming, communication, and finance.
Technical Analysis : Will the WLD Price See a 50% Pump ?
The analysis of the WLD/USDT chart reveals a recent downtrend followed by a consolidation phase. A support zone around $0.80 has proven strong, providing a base for a potential uptrend. This $0.80 level has served as robust support through recent price fluctuations.
If the Worldcoin price remains above this level, a positive momentum is likely. The price is now approaching the resistance zone between $1.00 and $1.10, which has previously capped price movements.
An “inverse head and shoulders” pattern is forming, typically seen as a bullish reversal signal. If the Worldcoin price manages to break above the $1.00 resistance, it could confirm this pattern and push the price even higher. Currently, the Relative Strength Index (RSI) is around 47-50, indicating a neutral market sentiment.
However, if the RSI crosses above 50, it would signal increased bullish momentum, supporting a breakthrough above the resistance. If the price surpasses $1.00, the bullish pattern would likely be validated, pushing the price towards the next resistance zone around $1.10 or higher.
The 50-day moving average is at $1.05 and the 100-day moving average at $1.60. Maintaining above the 50-day MA would likely propel it close to this 100-day MA, enabling a 50% increase.
Despite this, the Chaikin Money Flow, indicating capital inflows, does not show significant interest to validate a substantial WLD rebound in the coming days.
How to Buy WLD on Bitget ?
As WLD prepares to challenge its key resistances, here is a practical guide to buying WLD on the Bitget platform right now:
- Register on Bitget
Visit the official Bitget website and create an account using your email or phone number. - Verify your identity (KYC)
Complete the KYC verification by submitting an ID document and, if required, proof of address. This quick step is necessary to trade without restrictions. - Fund your wallet
In the “Deposit” section, add funds via cryptos (USDT, BTC, etc.) or fiat (credit card, bank transfer). Select your method and follow the instructions. - Find the token
Go to “Spot Market” or “Trading,” type “WLD” in the search and select the WLD/USDT pair to open the trading interface. - Make the purchase
Choose a market order to buy immediately or a limit order to set a specific price. Enter the desired quantity of WLD and confirm the purchase.
