Shiba Inu layer 2 blockchain platform Shibarium, has witnessed a notable surge in transaction activity carried out on the platform, with its daily transaction performance reaching a new monthly high.

Shibarium Daily Transactions Skyrocket

The number of transactions on the layer 2 blockchain has skyrocketed since Shibarium was introduced, surpassing multiple noteworthy benchmarks. Recent data from Shibariumscan has revealed an uptick in daily transactions, soaring to about 3 million.

The rise in daily transactions to the coveted 3 million milestone marks the highest the network has seen this month. This comes weeks after the number of daily transactions on the network plummeted to about 1.07 million.

Consequently, the notable rise showcases how quickly Shibarium has spread and gained widespread recognition in the past few weeks. This appears to be a significant development. However, it is still below the highest level it recorded in December. 

Shibarium has seen large increases in network activity before when its daily transactions reached a peak of around 7.5 million. After crossing the 7 million mark, it managed to maintain above this level for a month before dropping by almost 50% in January. 

Data from the Shibarium tracker also shows that the network has reached a major milestone in its overall transactions. According to Shibariumscan, the total number of transactions recorded on the platform since its launch has surpassed 357 million.

It is worth noting that Shibarium’s performance goes beyond the network’s transactions. There have been over 3.27 million blocks processed on the blockchain, suggesting a crucial increase in demand for scalable features.

Furthermore, the overall number of interacting wallet addresses recorded in the network has now crossed 1.35 million. In addition, the network utilization is up by over 51%, indicating an increase in adoption.

Due to this sharp rise in Shibarium network activity, investors’ interest in Shiba Inu is expected to increase. Hence, it buttresses all other projects and crypto assets in the SHIB ecosystem.

Shiba Inu Team To Burn Top Shibarium Tokens 

Lucie, Shiba Inu’s head of marketing, has revealed the team’s plan to burn SHIB and several other top Shibarium tokens. She took to the X platform to share the development with the SHIB community.

Lucie noted that funds made from the sale of the new NFT collection Shiboshis will be used to burn the tokens. These include Shiba Inu (SHIB), Bone ShibaSwap (BONE), LEASH, TREAT, and SHI.

Specifically, any Shiboshis that the holders fail to claim will be sent to Uniswap for sale. Then, the Shiba Inu team will use 10% of the total realized funds from those sales to burn the tokens. 4% of the funds will be set aside to burn BONE, LEASH, TREAT, and SHI, while 6% will be used to burn SHIB.

Worldcoin (WLD), a blockchain-based project fueled by biometric verification, has ignited a firestorm of investor interest, skyrocketing 170% in the past week to reach a record high of $7.48. This meteoric rise stands out against a backdrop of sluggish performance in many other altcoins, prompting questions about the driving forces behind this surge and its potential for longevity.

Worldcoin: Bullish Metrics And AI Hype Fuel The Flames

Several factors appear to be stoking the flames of Worldcoin’s current momentum. Trading volume has soared an impressive 44% to nearly $840 million, propelling the token into the top 10 by volume despite languishing at 91st place in market capitalization. This hyperactive trading suggests strong investor interest and hints at further growth potential.

Adding to the excitement, Worldcoin boasts over 1 million daily active users on its World App, signifying significant adoption. Moreover, the project basks in the reflected glory of its association with OpenAI, the renowned artificial intelligence (AI) research lab co-founded by Worldcoin’s creator, Sam Altman.

The recent release of OpenAI’s cutting-edge text-to-video generator, dubbed Sora, has generated a wave of positive sentiment towards Worldcoin, potentially spilling over to boost its token price.

Privacy Concerns Cloud The Horizon

However, Worldcoin’s path to success is not paved in gold. Regulatory scrutiny looms large, casting a shadow over its iris-scanning verification method and potential privacy violations. European countries, Argentina, Kenya, and Hong Kong have expressed concerns about this technology, raising the specter of regulatory roadblocks that could hinder future adoption and derail the project’s long-term goals.

Alameda’s Shadow Adds A Layer Of Uncertainty

Another layer of uncertainty comes from Alameda Research, a major cryptocurrency investment firm. Alameda currently holds a significant portion of WLD tokens, valued at a staggering $186 million, representing a whopping 33% of its portfolio.

While this investment signifies potential confidence in Worldcoin, Alameda’s recent history of liquidating holdings in other cryptocurrencies casts doubt on their future plans with WLD. Their intentions remain shrouded in secrecy, adding a layer of speculation to the current price rally.

Can Worldcoin Overcome The Hurdles?

Only time will tell whether Worldcoin can overcome these challenges and navigate the treacherous waters of the crypto market. While the project boasts impressive user numbers and an exciting association with OpenAI, regulatory concerns and questions about Alameda’s motives pose significant risks.

Investors should carefully consider these factors and conduct their own research before placing bets on Worldcoin’s future. The coming months will be crucial for the project, as it navigates regulatory scrutiny, addresses privacy concerns, and clarifies the intentions of its major investors. Whether Worldcoin will emerge as a true innovator or fade into obscurity remains to be seen.

Featured image from iStock, chart from TradingView

Hedera (HBAR) has surged by 13.7% in the past 24 hours and a notable 31.5% over the last week. This uptick is part of a broader “altcoin season,” where select altcoins are experiencing significant gains. Scott Melker, a prominent figure in the crypto analysis space, today shared his insights into the altcoin market and specifically on HBAR’s potential for growth.

Altcoin Market Overview

Melker, also known as the “Wolf of all Streets,” has highlighted the significance of the Total 3 market cap, which excludes Bitcoin (BTC) and Ethereum (ETH), to gauge the health of the altcoin market. According to Melker, Total 3 reaching a new cycle high of approximately $550 billion on a weekly close is a clear indicator of a robust altcoin market poised for further expansion.

He stated, “Looking at it generally gives us a clearer picture of what is happening with altcoins. […] With that in mind, it is important to note that TOTAL 3 just made a new cycle high on the weekly close, around $550B. This indicates that the altcoin market remains healthy and likely to continue to grow.”

Technical Analysis Of Hedera (HBAR)

This dynamic is the basis for HBAR (1-week chart, HBAR/USDT), for which Melker’s analysis shows a very optimistic scenario. Currently, the Hedera price is challenging a significant resistance zone. Melker has identified the $0.10 level as pivotal for HBAR’s potential uptrend.

This resistance zone, highlighted by Melker in red, is crucial because a consistent close above this level on the daily and weekly charts would signal a shift in momentum favoring the bulls. At press time, HBAR was trading just above this key resistance zone, with yesterday’s daily candle closing above $0.10 for the first time since May 2022. The price closed at approximately $0.1117. Melker states:

HBAR is pushing hard into the key resistance zone that I discussed many months ago. To keep it more simple, a push above 10 cents should do the trick. Bulls want to see daily and weekly closes above the red zone. A retest of that zone as support would be an ideal entry.

Two Simple Moving Averages (SMAs) are plotted on the chart: the 50-day SMA at around $0.0615, which HBAR is currently well above, and the 200-day SMA at approximately $0.1241, which is slightly above the current price action. The price positioning between the two SMAs can be interpreted as a consolidation zone where the price needs to establish a firm direction.

Melker points out that past the $0.10 resistance zone, there appears to be minimal historical resistance until nearly a 2x increase around the $0.186 level. This lack of resistance suggests that if HBAR can maintain its position above the red zone, there is potential for a relatively unobstructed upward trajectory.

“As you can see on the left of the charts, there is almost NO RESISTANCE until nearly 2x, around .186. This coin dropped hard, leaving a vacuum. It should do well if it can push through here,” Melker remarks.

However, if HBAR manages to break through the $0.186 resistance zone, Melker’s final target is the blue zone around $0.25. This would net investors more than a 2x on their investment.

At press time, HBAR traded at $0.10647.

The creation of cryptocurrencies was a turning point for tech and finance. Cryptocurrencies changed investments. It spurred people to reimagine the concept of “money”.

Today, almost everyone appreciates the profitability of cryptocurrencies and invests accordingly. In a way, it has also become quite competitive. Crypto investing is now all about the question, “Which of these coins would be the most profitable?”

This is why holders of renowned cryptocurrencies like Tron (TRX) and Binance Coin (BNB) still invest in other coins. Tron (TRX) and Binance Coin (BNB) holders want to expand their crypto investments. Currently, they’re investing massively in DeeStream (DST), a token that helps them get their investment expansion dream.

What Do Tron(TRX) Investors Think About DeeStream(DST)?

Lately, Tron (TRX) has been doing well in the crypto market. Tron (TRX) saw a good 8.43% rise in the last week, with some significant spikes in the last month too.

Nonetheless, Tron (TRX) investors desire so much more. They see DeeStream (DST) as an opportunity to improve their crypto investments. These Tron (TRX) holders realize its potential as a blue-chip cryptocurrency but are also focused on DeeStream dominating recent crypto conversations.

DeeStream (DST) is not just a token. DeeStream (DST) is a Web 3 streaming platform, fully decentralized to address all the issues with conventional streaming platforms like YouTube. This is one of the reasons Tron (TRX) holders find it appealing.

What Binance (BNB) Investors Think  About DeeStream (DST)

DeeStream (DST) operates with a collective governance model, one that allows users and DeeStream (DST) investors to determine the platform’s policies. Binance Coin (BNB) Investors find this intriguing.

Binance Coin (BNB) is relatively well-established in the crypto market. The coin has had significant spikes in recent months, yet, Binance Coin (BNB) Investors want more financial control and flexibility. That’s why they turn to DeeStream(DST).

DeeStream (DST) grants Binance Coin (BNB) investors who buy its token access to numerous rewards and benefits on the DeeStream (DST ) platform. These Binance Coin (BNB) investors will get a shared proportion of DeeStream’s (DST ) revenue for as long as they hold onto their DeeStream (DST) tokens.

DeeStream (DST), An Emblem Of Innovation

DeeStream (DST) is just in its first stage of presale, yet, Tron (TRX) and Binance Coin (BNB) investors are rushing in to invest massively. This hype is an indicator of DeeStream’s (DST) potential.

DeeStream’s (DST) presale price of only $0.035 is an additional incentive for Tron (TRX) and Binance (BNB) Investors to bring in massive capital. They know that early large investments in DeeStream’s (DST) guarantee a vital advantage of increased returns.

DeeStream (DST) is unlike any streaming platform and unique in comparison with Web 3 alternatives. It represents a convergence of two important technologies – Streaming and blockchain. This degree of innovation is unprecedented, even in the cryptocurrency era.

The world will evolve and so will technology. The best benefits of this evolution process will be obtained from the best combinations of innovations. The platform DeeStream (DST) is an excellent example of this kind of revolutionary innovation.

Find out more about DeeStream (DST) presale by visiting the website below;

Find out more about the DeeStream presale by visiting the website here

Some crypto projects are not as volatile as other projects on the blockchain, they are called stablecoins, Dai (DAI) is one of such coins. Dai (DAI) is linked to the US dollar by 1:1. Investors use stable coins like Dai (DAI) to escape the level of uncertainty that comes with regular coins. Bitcoin (BTC) is the oldest cryptocurrency on the blockchain. Bitcoin (BTC) paved the way for other cryptocurrency projects. We do not know the identity of the creator(s) of Bitcoin (BTC), they use the moniker, Satoshi Nakamoto.

Pushd (PUSHD) is the new project on the scene that has investors talking, they all want to get a piece of the action. Pushd (PUSHD) has now gone through four presale stages and is currently on its fifth. In these stages, Pushd (PUSHD) has been able to get over 25,0000 sign-ups.

Dai (DAI) and the end of stablecoins

The argument for stablecoins like Dai (DAI) is that even though it records red lines, it will not stray too far even if a stablecoin goes below the line by 0.05% it is still a cause for concern. Dai (DAI) has spent more than half of last week below the line. Dai (DAI) holders are worried because Dai (DAI) is not as stable as they would like and they would rather just make profits with projects with great predictions like Pushd (PUSHD).

Bitcoin (BTC) is still in good shape

Being the first decentralized cryptocurrency project, Bitcoin (BTC) has already made its mark in history. Bitcoin (BTC) holders are satisfied with their investments as Bitcoin (BTC) keeps climbing in the charts. In the last year, Bitcoin (BTC) has grown by 109% but experts believe that Pushd (PUSHD) will be a better investment for 2024.

Pushd (PUSHD) has the market singing its praise

The news of Pushd (PUSHD) has spread all over the decentralized market but what is this new project that even experts are excited about? Pushd (PUSHD) is going to be the first decentralized project that allows people to buy and sell items online. Pushd (PUSHD) will usher in the world to the era of decentralized online marketplaces. Pushd (PUSHD) will change the way the world looks at online shopping and the decentralized economy.

Experts predict that there will be many more people joining the Web3 world because they want to shop on Pushd (PUSHD). Why would they come to shop in Pushd (PUSHD)? Because Pushd (PUSHD) has so many benefits that traditional marketplaces will not be able to keep up. For example, Pushd (PUSHD) will enjoy the lowest transaction fees possible, this is because, unlike traditional marketplaces, Pushd (PUSHD) has no middleman between buyer and seller. Users will also enjoy faster transactions and a safer shopping environment.

Pushd (PUSHD) has even more benefits that have investors buying into its fifth presale stage at $0.094. Find out more about the Pushd (PUSHD) presale by visiting the website here.

Find out more about the PUSHD presale by visiting the website here

Crypto analyst Miles Deutscher has spotlighted several altcoins, with a special focus on artificial intelligence (AI) tokens, that demonstrate strong breakout potential in the current market rebound. 

ETH On The Rise

In a recent post on X (formerly Twitter), Deutscher suggests that the upcoming Ethereum (ETH) Dencun upgrade, along with advancements in the AI industry, could drive significant price movements in related tokens. 

Deutscher emphasizes the upcoming ETH Dencun upgrade, noting that while much attention has been directed towards Bitcoin (BTC) and exchange-traded fund (ETF) flows, ETH has been steadily rising against BTC. 

Interestingly, the analyst expects an “aggressive” upward movement in ETH at some point, particularly with the first set of ETF decision dates approaching in May. 

Deutscher also highlights the strong performance of AI tokens, including AGIX, FET, WLD, and RNDR, attributing their recent success to significant advancements within the AI industry. According to the analyst, the upcoming earnings report from NVIDIA (NVDA) on Wednesday could further bolster the bullish sentiment surrounding AI coins. 

Highlighted Altcoins And Their Catalysts

BLUR: BLUR is nearing a significant announcement, and Deutscher notes the token’s recent strength, suggesting the $1 mark may soon be within reach. The founder’s association with BLAST, another project, adds to the intrigue.
BEAM: Deutscher points out that BEAM’s treasury holds large MAVIA bags, leading to increased balances. As the market begins to reevaluate the native token’s value, Deutscher is intrigued by the fact that BEAM has not gained widespread attention yet. He also mentions Pantera’s recent investment/partnership, further supporting his interest.
STRK: Token launch day is Tuesday for STRK, and Deutscher observes that new token launches often present opportunities for investors. He will closely monitor STRK’s performance, as success could lead to airdrop sellers buying back in at higher prices, while continuous selling pressure could result in price declines.

SEI: SEI is currently near all-time highs, and Deutscher notes positive sentiment surrounding the project, fueled by an “active team” and endorsements from key figures. If overall market sentiment remains positive, Deutscher sees potential for SEI to lead the way.
MAVIA: Deutscher highlights the buzz surrounding MAVIA, drawing parallels to Axie in its early days. The token’s successful launch and endorsements from influential figures have added to its long-term investment appeal. While acknowledging an initial strong run, Deutscher considers MAVIA a potential dip buying opportunity.

As identified by crypto analyst Miles Deutscher, various altcoins, especially AI tokens, are capturing attention due to their breakout potential. Factors such as the upcoming ETH Dencun upgrade and advancements in the AI industry are expected to influence price movements. 

Featured image from Shutterstock, chart from TradingView.com

Dogecoin is showing bullish signs above the $0.0875 zone against the US Dollar. DOGE could extend its rally toward the $0.100 resistance in the near term.

DOGE is showing positive signs above the $0.0875 zone against the US dollar.
The price is trading above the $0.0880 level and the 100 simple moving average (4 hours).
There was a break above a key contracting triangle with resistance at $0.0842 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).
The price could extend its rally above the $0.090 and $0.092 resistance levels.

Dogecoin Price Aims Higher

In the past few sessions, Dogecoin price started a decent increase from the $0.082 support zone. DOGE cleared many hurdles near $0.0850 to enter a positive zone.

There was a break above a key contracting triangle with resistance at $0.0842 on the 4-hour chart of the DOGE/USD pair. It even broke the $0.0880 resistance to move further into a positive zone like Bitcoin and Ethereum. A high was formed near $0.0914 and the price is now correcting gains.

There was a move below the 23.6% Fib retracement level of the recent wave from the $0.0820 swing low to the $0.0914 high. DOGE is also trading above the $0.0875 level and the 100 simple moving average (4 hours).

Source: DOGEUSD on TradingView.com

On the upside, the price is facing resistance near the $0.0892 level. The next major resistance is near the $0.0915 level. A close above the $0.0915 resistance might send the price toward the $0.095 resistance. The next major resistance is near $0.100. Any more gains might send the price toward the $0.120 level.

Downside Correction in DOGE?

If DOGE’s price fails to gain pace above the $0.0915 level, it could start a downside correction. Initial support on the downside is near the $0.0865 level.

The next major support is near the $0.0855 level or the 61.8% Fib retracement level of the recent wave from the $0.0820 swing low to the $0.0914 high. If there is a downside break below the $0.0855 support, the price could decline further. In the stated case, the price might decline toward the $0.0820 level.

Technical Indicators

4 Hours MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone.

4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.0865, $0.0855 and $0.0820.

Major Resistance Levels – $0.0915, $0.095, and $0.10.

Renowned Bitcoin analyst PlanB, known for his stock-to-flow model for BTC, has made a bold prediction regarding the future price of BTC. What sets this forecast apart is its evaluation in terms of gold ounces, shedding light on a unique perspective.

The PlanB Projection: Bitcoin Meteoric Rise

According to PlanB’s recent post on X, he foresees a monumental shift in Bitcoin’s value, expected to rise significantly in the coming years. Drawing a comparison with gold, PlanB highlighted that currently, one Bitcoin is equivalent to 26 ounces of gold, valuing an ounce of gold at $2,000.

Bitcoin = 26 ounces of Gold. It would surprise me if BTC would stay below 100 ounces of Gold in 2024/2025. pic.twitter.com/IghU4u7gCy

— PlanB (@100trillionUSD) February 19, 2024

Looking ahead to 2024-2025, PlanB predicts that Bitcoin’s price could skyrocket to roughly 100 gold ounces, translating to $200,000 in fiat currency terms.

Delving deeper into the charted trajectory, PlanB anticipates Bitcoin to climb to 35 gold ounces ($70,000) by 2024 and surge to 300 gold ounces by 2025. This projection would place Bitcoin’s value at a price target of $600,000, marking a monumental milestone in its journey.

Correct. And more if gold price rises too.

— PlanB (@100trillionUSD) February 19, 2024

Bullish Momentum Fuels Bitcoin’s Rise

As Bitcoin continues to capture the attention of investors, recent weeks have witnessed a notable bullish momentum propelling the cryptocurrency forward. With a surge of more than 20% over this period, Bitcoin has crossed the $1 trillion market cap threshold, accompanied by a trading volume hovering above $20 billion in the past week alone.

This surge in activity has ignited optimism among investors and traders, leading to a significant accumulation of the asset. Notably, Whale Alert data reveals that earlier today a substantial withdrawal of approximately $962.15 million from the leading US crypto exchange, Coinbase, to an undisclosed address, underscoring the heightened interest in Bitcoin.

9,322 #BTC (485,247,899 USD) transferred from #Coinbase to unknown new wallethttps://t.co/AEyqa8qFQ9

— Whale Alert (@whale_alert) February 19, 2024

Meanwhile, the Bitcoin open interest has surged to over $24 billion, marking a 50% increase since the start of 2024. This surge in open interest, a metric representing the total value of outstanding derivative contracts, signifies heightened market activity and interest in Bitcoin futures and options trading.

Notably, this surge in open interest levels has not been witnessed since the peak of Bitcoin’s price in November 2021 when it soared to an all-time high of $69,000.

JUST IN: #Bitcoin futures Open Interest hits highest level since 2021 bull market. pic.twitter.com/TseW6AosaN

— Bitcoin Archive (@BTC_Archive) February 19, 2024

This trend has been consistent across various crypto exchanges, with platforms like CME, Binance, and ByBit leading the charge and commanding over 50% of the open interest in the market, according to data from Coinglass,

Featured image from Unsplash, Chart from TradingView

Ethereum price is showing positive signs above the $2,850 support. ETH eyes more gains and might surge toward the $3,000 resistance zone.

Ethereum is slowly moving higher above the $2,800 support zone.
The price is trading above $2,850 and the 100-hourly Simple Moving Average.
There is a key bullish trend line forming with support at $2,910 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move up toward the $3,000 resistance zone.

Ethereum Price Remains Supported

Ethereum price remained well-bid and slowly moved higher above the $2,850 level. ETH even cleared the $2,920 resistance zone and outperformed Bitcoin.

However, there was no test of the $3,000 resistance zone. A new multi-week high is formed near $2,984 and the price is now consolidating gains. Ether is stable near the 23.6% Fib retracement level of the recent wave from the $2,723 swing low to the $2,984 high.

There is also a key bullish trend line forming with support at $2,910 on the hourly chart of ETH/USD. Ethereum is now trading above $2,850 and the 100-hourly Simple Moving Average.

Immediate resistance on the upside is near the $2,940 level. The first major resistance is near the $2,985 level. The next major resistance is near $3,000, above which the price might rise and test the $3,050 resistance zone.

Source: ETHUSD on TradingView.com

If the bulls push the price above the $3,050 resistance, Ether could even rally toward the $3,120 resistance. In the stated case, the price could rise toward the $3,250 level in the near term. Any more gains might call for a test of $3,350.

Downside Correction In ETH?

If Ethereum fails to clear the $2,940 resistance, it could start a downside correction. Initial support on the downside is near the $2,910 level and the trend line zone.

The next key support could be the $2,850 zone or 50% Fib retracement level of the recent wave from the $2,723 swing low to the $2,984 high. A clear move below the $2,850 support might send the price toward $2,840 or the 100-hourly Simple Moving Average. The main support could be $2,780. Any more losses might send the price toward the $2,720 level in the coming sessions.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 level.

Major Support Level – $2,850

Major Resistance Level – $2,940

Worldcoin, the digital identity token ERC-20 project on the Ethereum (ETH) blockchain, has garnered significant attention. Its native token, WLD, emerges as the top performer among the top 100 cryptocurrencies by market capitalization. 

The token has experienced a remarkable 31% uptrend in just 24 hours and a staggering 217% surge over the past fourteen days. This surge not only marks a new all-time high for WLD but also positively impacts Alameda Research, the now-bankrupt trading arm of the defunct FTX exchange, which holds a substantial stake in Worldcoin.

Alameda Research’s Stake In Worldcoin Reaches $186 Million

According to on-chain data, Alameda Research, a cryptocurrency trading firm co-founded by Sam Bankman-Fried and Tara Mac Aulay in 2017, has witnessed a surge in its Worldcoin holdings. 

As WLD reached a new all-time high of $7.9788 on Monday, the trading firm’s investment in the project surged by $50 million, reaching a new record. Currently, Alameda Research holds 25 million WLD tokens, valued at $186 million, representing 33% of their total portfolio. 

This portfolio also includes other digital assets such as Bitcoin (BTC), BitDAO (BIT), Ethereum (ETH), Stargate Finance (STG), and the FTX token FTT.

Whale Activity And AI Hype Drive WLD’s Price Surge

Analysts such as Zameer Attar attribute the WLD price spike to strong whale activity, with one notable whale wallet withdrawing 2.09 million WLD tokens ($5.82 million) from Binance.

This withdrawal caused a 25% surge in the price of Worldcoin, resulting in the whale’s holdings reaching an impressive $8.03 million. Additionally, the launch of OpenAI Sora by Sam Altman, one of the founders of Worldcoin, has triggered bullish action in WLD tokens. 

Interestingly, Sora can create videos of up to 60 seconds with highly detailed scenes, complex camera movements, and multiple characters with emotions, which surrounding the hype of artificial intelligence (AI) has spurred investor interest, leading to more bullish sentiment surrounding WLD.

Worldcoin, founded by Sam Altman, Alex Blania, and Max Novendstern, aims to revolutionize the global identity and financial network by creating a public utility known as World ID. 

This privacy-preserving identity network enables users to verify their humanness online while maintaining their privacy through zero-knowledge proofs. The project has garnered significant funding, raising over $250 million across various funding rounds from investors, including a16z, Khosla Ventures, Bain Capital Crypto, Blockchain Capital, and Tiger Global.

The combination of whale activity and positive market sentiment surrounding AI technologies has contributed to the considerable surge in Worldcoin’s price.

Featured image from Shutterstock, chart from TradingView.com