What happened?
Worldcoin broke through a year-long resistance with a massive volume spike, thanks to its recent listing on Upbit, South Korea’s largest exchange. This development has significantly increased Worldcoin’s exposure to Asia’s sizable crypto market and expanded its global liquidity, leading analysts to predict higher price levels for the cryptocurrency.
Who does this affect?
This development mainly affects traders and investors interested in Worldcoin, as well as the larger crypto market. With more than 15M users and over 800K monthly active users, Worldcoin has quickly climbed to the 7th place among all Ethereum L2s in less than a year, showing rapid expansion and user adoption worldwide.
Why does this matter?
The listing of Worldcoin on a major exchange like Upbit influences the crypto market by boosting Worldcoin’s price and increasing market volatility. Worldcoin’s rising user adoption and expanding global liquidity might pile-on bullish pressure on its price, potentially triggering new highs if demand continues to grow.