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Worldcoin Up 36%, What Is Driving This Bullish Run?

Worldcoin Up 36%, What Is Driving This Bullish Run?

The recent bullish run in Worldcoin (WLD) appears to be driven by several factors:

  1. Price Surge: Worldcoin has experienced a significant price surge, with a 36.93% increase in the past 24 hours. This price movement has likely attracted the attention of traders and investors looking for profitable opportunities.
  2. Increased Trading Volume: The trading volume for Worldcoin has surged by 356% to $424.6 million. High trading volume can indicate increased interest and activity in the cryptocurrency, which can contribute to price volatility and upward momentum.
  3. Sam Altman's Visibility: Sam Altman, the co-founder of OpenAI and associated with Worldcoin, has a high profile in the tech and cryptocurrency space. His visibility and involvement with the project may be contributing to investor confidence and interest in Worldcoin.
  4. Rewards for Registration: Worldcoin offers rewards for individuals who register to be scanned by the protocol's Orb. This incentive may be attracting users to participate in the Worldcoin ecosystem, contributing to its positive price momentum.
  5. Decentralized and Permissionless Nature: Despite regulatory challenges and concerns about data privacy in various countries, Worldcoin has continued to operate in a decentralized and permissionless manner. This resilience and commitment to its principles may be garnering support from the crypto community.

It's important to note that the cryptocurrency market can be highly speculative and volatile, and price movements can be influenced by a variety of factors, including market sentiment, news events, and trading activity. As such, investors should exercise caution and conduct thorough research before participating in any cryptocurrency investment. Additionally, the regulatory challenges mentioned in the article may continue to pose risks to Worldcoin's future prospects.

Phone 15 Pro is still missing some key features

Here are the main ones:

1. iPhone 15 Pro Missing Features:

  • The article discusses the recent launch of the iPhone 15 series by Apple, with a focus on the iPhone 15 Pro.
  • It mentions that despite the new features and improvements, there are still some areas where the iPhone 15 Pro falls short.
  • Notable concerns include the device's battery life, as Apple didn't use the new A17 Pro chip to improve it, and the absence of a Touch ID fingerprint scanner on the power button.

2. SpaceX's Starlink Falling Short:

  • SpaceX's Starlink satellite internet service is reported to have fallen short of its ambitious projections.
  • The company aimed to have 20 million subscribers and generate nearly $12 billion in revenue by 2022, but it ended the year with only 1.5 million subscribers and $1.4 billion in revenue.
  • Starlink's slow customer adoption is attributed to challenges in regions with access to cheaper, high-speed broadband.

3. TikTok Launches Shop in the US:

  • TikTok has expanded its e-commerce feature, TikTok Shop, to the United States, following its success in the UK.
  • Users in the US can now make purchases directly within the TikTok app, potentially reshaping the e-commerce landscape.

4. Bluesky Surpasses 1 Million Users:

  • Bluesky, a social media platform with an exclusive membership policy, has reached over 1 million users.
  • Access to the platform is granted through invite codes, and demand for access has grown steadily.

5. Google Cuts Recruiting Jobs:

  • Google is reducing the size of its global recruiting organization as part of a broader slowdown in hiring over the coming quarters.
  • The decision is attributed to a decrease in the volume of recruiting requests and the need to operate more efficiently.

These developments provide insights into the tech and business sectors, with a focus on Apple's latest iPhone release, the challenges faced by SpaceX's Starlink, TikTok's expansion into e-commerce, Bluesky's exclusive membership model, and Google's adjustments to its hiring and recruiting efforts.

Here Are Bitcoin's Critical Resistance Levels Right Now

  1. Current Price: Bitcoin (BTC) is approaching the $27,000 threshold, indicating some positive momentum in its price.
  2. Order Book Analysis: The current view of Bitcoin's order book suggests that there are more buying bids than selling offers. This dominance of buying interest indicates strong demand in the market, potentially signaling an upcoming upward movement.
  3. Recent Price Movement: On September 15th, Bitcoin faced a slight downward momentum and couldn't surpass the intraday high of $26,699. It found support at around $26,240, which is currently preventing further declines.

Support and Resistance Levels:

  • If Bitcoin stays above $26,240, it may attempt to break the $26,699 resistance level.
  • Breaking $26,699 resistance could change the market dynamics and push Bitcoin towards $27,000.
  • However, if Bitcoin falls below $26,240, the next support levels are around $26,000 and $25,800.
  1. Market Cap and Trading Volume: Bitcoin's market capitalization is $516 billion with a 0.56% decrease in the last 24 hours. The trading volume during the same period has declined by 12.24% to $11.3 billion.

Technical Analysis:

  • The Chaikin Money Flow (CMF) indicator is currently at 0.03 and trending upward, indicating buying pressure. If CMF surpasses 0.05, buying pressure may strengthen.
  • The Relative Strength Index (RSI) is at 14.30, suggesting that Bitcoin is oversold. An increase in the RSI above 20 could attract more investors and support price increases.

In summary, while Bitcoin faced some downward pressure recently, it appears to have found support at $26,240. Positive indicators like the CMF and RSI suggest potential for upward movement. Breaking the $26,699 resistance level could lead Bitcoin towards $27,000. However, it's essential to monitor these support and resistance levels and market indicators for a more accurate assessment of Bitcoin's future price action.