What happened?
Worldcoin’s market cap hit a new all-time high, despite its price being down by about 85% due to token inflation. A major factor contributing to this rise was the listing of Worldcoin on Upbit, Asia’s largest exchange, which significantly boosted its exposure. In addition, Worldcoin recently broke out of a falling trend with a significant surge, hitting a key resistance around $2.00, and its futures open interest reached a record $852M before cooling off to $775M.
Who does this affect?
This affects current holders of the Worldcoin (WLD) and potential investors who could be attracted by the rapidly increasing trading volume and market cap. The users and partners of Worldcoin, which are growing in number across LATAM, Asia, Africa, and the U.S., will also be affected. In addition, this development can impact crypto infrastructure providers like Best Wallet, which is gaining attention from traders looking for seamless, secure, and scalable solutions.
Why does this matter?
This matters because it highlights the unpredictability of the crypto market and the powerful influence of large Asian exchanges like Upbit. The listing of Worldcoin on Upbit and the subsequent increase in trading volume underscore the importance of exposure for cryptocurrency growth. Furthermore, this might serve as an example of how fresh stimuli and capital rotation can shape the larger market. As Worldcoin and other tokens gain mainstream adoption, the demand for reliable crypto infrastructure is likely to grow.