As a seasoned analyst with over two decades of experience in the tech and finance sectors, I’ve seen my fair share of strategic alliances and partnerships that promise to revolutionize the industry. However, the recent announcement by Sam Altman-backed World Chain integrating Across to streamline cross-chain transactions is one that truly catches my attention.
On Friday, the World Chain – supported by Sam Altman – revealed a partnership aimed at simplifying cross-chain transactions within their layer 2 network. This innovative AI and cryptocurrency project plans to incorporate Across for cost-effective cross-chain transfers across various EVM-compatible chains, which represents a significant step forward. Cryptocurrency market followers are curious to see if the price of Worldcoin (WLD) on the layer 2 network could potentially reach $10 due to this latest development.
World Chain Integrates ‘Across’ Streamlining Cross-Chain Transactions
As of November 1, it was announced that Cross has been linked to the network for secure and cost-effective cross-chain transactions. This linkup will allow World Chain to extend its reach into the wider Ethereum Layer 2 ecosystem immediately, as stated in the announcement.
Mainly, this integration introduces two crucial aspects to the layer 2 network, drawing users worldwide. First, developers on this platform can create robust cross-chain applications with inherent interoperability. Second, it enables users to effortlessly transfer ETH, wETH, USDC, and wBTC from other networks into the ecosystem supported by Sam Altman.
Additionally, it’s worth mentioning that the AI-crypto network has incorporated ERC-7683, a swapping standard jointly developed by Across and Uniswap. This collaboration has been fruitful. The announcement about this development has sparked significant conversations in the market about the AI coin’s cryptocurrency journey. Market analysts are also closely observing the price fluctuations of the AI coin.
WLD Price To Hit $10?
As I write this analysis, it appears that the price of Worldcoin dipped approximately 2% intraday, currently trading at $1.93. Today’s 24-hour range has seen a low of $1.85 and a high of $1.99. On a positive note, the monthly time frame chart reveals that Worldcoin has experienced a 15% growth, highlighting its potential as an AI cryptocurrency to deliver returns. Meanwhile, market observers remain hopeful about future price movements, primarily due to the ongoing development of the World Chain.
Nevertheless, a $10 price prediction appears extremely hopeful at this point, considering the present market trends. Data from Coinglass shows a 4% decrease in the coins’ futures Open Interest to $214.60 million, which has sparked some uncertainty regarding achieving a $10 price target.
As an analyst, I’ve recently delved into a price analysis of WLD tokens by CoinGape Media. The report highlights crucial milestones that the token needs to reach in order to surge to $10. These include successfully navigating obstacles like the 200-day exponential moving average (EMA) and breaching resistance at approximately $3.00. Intriguingly, the crypto market is keeping a keen eye on WLD’s price movements, especially in light of recent updates.
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2024-11-01 16:29