Polkadot 2.0, the latest upgrade to the Polkadot network, will launch in Q1 2025. An early testnet version of the blockchain is already available on the Kusama network. 

The launch period was confirmed earlier today by Parity Technologies, the developers behind Polkadot. 

Polkadot 2.0 Will Introduce Much-Needed Scalability to the Blockchain 

Polkadot 2.0 represents a significant upgrade of the Polkadot network, introducing technical advancements to enhance scalability, flexibility, and accessibility for developers. 

According to Parity Technologies, the upgrade will have three key features – Async Backing, Agile Coretime, and Elastic Scaling.

The first two features have been successfully implemented in the network. The team is currently working on Elastic Scaling ahead of its Q1 2025 launch. 

“Last part of Polkadot 2.0 is Elastic Scaling. Projects will be able to add multiple Cores for one task, shorten block production time or add on-demand Cores if they have throughput problems,” Polkadot executive Emil Kietzman wrote on X (formerly Twitter).

These features will reduce the block time from 12 seconds to 6 seconds, increasing transaction throughput. DApps and other projects on Polkadot 2.0 will be able to access network resources on-demand, moving away from the traditional parachain slot auction model.

Most importantly, Elastic Scaling will allow the network to scale dynamically as needed. These enhancements on Polkadot 2.0 could potentially lower developers’ entry barriers. 

DOT has seen a significant rally in November, surging over 100%. The network’s high staking returns have attracted new users in 2024. According to an earlier CoinGecko report, Polkadot is among the top three blockchains that provide the highest staking yields. 

Furthermore, the network’s interoperability has received wider praise from developer communities. Another report earlier this year named Polkadot as one of the leading blockchains in development and community engagement. 

Despite these recognitions, the network has suffered extensively in the past few years due to the lack of scalability. As a result, the number of core developers on the network has gradually decreased. 

Polkadot 2.0 can potentially change this and introduce much-needed scalability and accessibility to the blockchain. A successful launch can bring more DApps to the ecosystem and drive DOT’s market prospects. 

Worldcoin’s (WLD) price has increased by 10% in the last 24 hours, making it one of the best-performing altcoins in the top 100. This Worldcoin price increase puts the token’s value at $2.90.

However, according to several indicators, this rise might just be the beginning of a sustained rally that takes WLD higher. Here is how.

Worldcoin Rises Past Bearish Dominance, Volume Follow

Between June 6 and November 21, WLD traded within a descending triangle. A descending triangle is a bearish chart pattern defined by a downward-sloping upper trendline and a flat, horizontal lower trendline. This formation typically signals potential downward price movement as sellers gain control.

When a cryptocurrency’s price breaks below the horizontal support, it indicates that the downtrend might intensify.  But as of this writing, Worldcoin has broken out of it, indicating that the altcoin is on a bullish path.

If sustained, the Worldcoin’s price increase could go higher than $3 in the short term. However, to validate that, one has to assess the position of other metrics.

One metric supporting a further hike is WLD’s volume. The volume shows whether the market is actively trading a token. When it increases, more liquidity is flowing into the cryptocurrency.

On the other hand, if the volume drops, the crypto is less liquid. Furthermore, the volume can tell the direction in which the price can move. Typically, when the volume rises alongside the price, it means the trend is bullish.

However, falling volume on rising prices indicates that the uptrend is weak. Since the Worldcoin price increase coincides with a hike in volume, it suggests that the altcoin’s value might continue to rise.

WLD Price Prediction: $4, Then $5 Could Come

On the daily chart, Worldcoin’s price has risen above the 20- and 5-period Exponential Moving Average (EMA), a technical indicator that measures a cryptocurrency’s trend. 

When the indicator goes downwards and is above the price, the trend is bearish. On the other hand, if the EMAs are below the price and rising, the trend is bullish. The last time such occurred, WLD price rallied above $11.

Should the pattern rhyme with the historical trend, Worldcoin’s price might rise to $3.92. If bulls sustain the trend, then the altcoin might climb above $4 and possibly to $5.10. 

However, should the token drop below the EMA again, the WLD price prediction might not come to pass. Instead, it might decline to $2.07.