Worldcoin (WLD) has been experiencing a strong uptrend since early September, gaining significant momentum over the past 24 hours. The altcoin’s recent rally has pushed its price to a five-month high, with WLD nearing a crucial psychological level of $4. 

This positive price action is driven by new initiatives aimed at fostering growth and increasing adoption, signaling that the altcoin could continue its upward trajectory.

Worldcoin Reaches New Regions

One of the key factors contributing to Worldcoin’s surge is the positive divergence seen in the Price DAA (Daily Active Addresses) indicator. This is a strong buy signal, as the divergence shows that more users are engaging with the platform, which often leads to higher demand and price increases.

Worldcoin has also rolled out its new World ID passport credential system in Chile, Colombia, Malaysia, and South Korea. This expansion has led to increased demand and greater user participation, further fueling the rally.

As the platform attracts more users and expands its utility, the market sentiment surrounding Worldcoin has become increasingly bullish. As demand grows, the value of WLD is expected to continue to rise, creating further opportunities for both short-term and long-term investors.

Worldcoin’s macro momentum looks promising, with active addresses currently at a six-month high. This surge in active participation suggests that investor interest in the project is on the rise. Increased activity and engagement on the network are often indicative of growing demand, which has been one of the primary drivers of WLD’s recent price appreciation.

The uptick in active addresses also signals that Worldcoin is gaining traction within the crypto community. As more investors and users engage with the platform, the cryptocurrency is building a strong foundation for continued growth.

This participation is a direct response to the increasing demand for Worldcoin’s services, particularly the World ID system, which has been gaining momentum in new markets.

WLD Price Prediction: Aiming Higher

Worldcoin’s price has surged by 20% over the last 24 hours, breaking above the critical support level of $3.36. This increase has propelled WLD to a five-month high, indicating a strong upward trend. With the support at $3.36 now holding, WLD has room to push higher, potentially reclaiming the $4.00 level.

The next target for Worldcoin is the $4.00 resistance, which could be pivotal for its continued growth. If the price manages to break through this level, it could signal a new phase of price appreciation, drawing in more investors and boosting confidence in the project. As adoption continues to grow, particularly with the expansion of World ID, WLD may continue to rise, reaching new milestones.

Looking ahead, if the current momentum persists, Worldcoin could see further gains in the coming weeks. The combination of increasing adoption, and positive market sentiment suggests that the cryptocurrency is well-positioned for long-term growth.

However, if WLD loses the support of $3.36, it could fall to $2.78. Losing this support would invalidate the bullish thesis completely

Crypto analyst Vincent has given reasons why the XRP price could rally to as high as $10,000 at some point. This comes amid the recent XRP rally, with the crypto now targeting its current all-time high (ATH) of $3.8. 

Why The XRP Price Can Reach $10,000

In an X post, Vincent revealed that he had consulted with ChatGPT, and the AI chatbot had told him that the XRP price could easily reach $10,000 per coin. XRP’s market cap is one reason that has been used as an argument as to why the crypto can’t achieve such a price level. The analyst stated that ChatGPT also invalidated the market cap argument, stating that monetary market cap is an invalid metric. 

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Vincent failed to provide a timeline for when ChatGPT said the XRP price could reach such an ambitious price target. However, he mentioned that he had discussed Ripple with the AI chatbot. This suggests that ChatGPT might have considered Ripple’s influence before making this $10,000 prediction. 

Indeed, Ripple could play a major role if the XRP price is to come close to or reach this $10,000 target. While predicting that XRP can reach $1,000, crypto analyst CryptoTank alluded to Ripple payments service and cited an instance where the crypto firm’s payment rails are used to process most cross-border transactions. 

XRP’s use case will increase as Ripple’s payment service enjoys mass adoption, providing a bullish outlook for the XRP price. Meanwhile, it is also worth mentioning the XRP ETFs, which are also bullish. The US Securities and Exchange Commission (SEC) could approve these funds next year, especially with reports that pro-crypto Paul Atkins could replace Gary Gensler. 

These funds would drive institutional inflows into the XRP ecosystem, sparking a significant price rally. However, it remains to be seen if they could drive the crypto to five figures. 

A Rally To Double Digits In This Cycle

Amid this lofty XRP price prediction of $10,000, crypto analyst Mikybull Crypto has predicted that the crypto could rally to double digits in this market cycle. This came as the analyst stated that XRP was giving 2017 kind of rally vibes, indicating that the crypto could replicate its legendary rally of over 61,000% in that 2017 bull run. 

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In line with this, the crypto analyst predicted that XRP price would hit $2, experience a pullback, and then continue its vertical hated rallies to a new cycle top of probably $10. Using the Elliott Wave theory, crypto analyst Dark Defender predicted that XRP could rally as high as $18 in this bull run. 

At the time of writing, the XRP price is trading at around $1.90, up over 18% in the last 24 hours, according to data from CoinMarketCap. 

Featured image created with Dall.E, chart from Tradingview.com

Bitcoin is on the verge of reaching a historic milestone, with its price inching closer to the coveted $100,000 mark. This remarkable rally has fueled optimism among investors, signaling Bitcoin’s continued dominance in the cryptocurrency market. 

However, despite the bullish outlook, Bitcoin is not entirely immune to potential bearish pressure. The backbone of Bitcoin’s price stability — long-term holders (LTHs) — appears to be wavering, raising concerns over possible downward movements in the near term.

Bitcoin’s Support Is Wavering

Long-term holders of Bitcoin have recently shown signs of bearish sentiment. The HODLer net position change indicator, which tracks the behavior of LTHs, has turned negative.

This shift indicates that a significant number of long-term investors are taking profits by selling their holdings. Negative values on this metric often signal a reduction in confidence, which could put pressure on Bitcoin’s price.

Since LTHs are considered the backbone of Bitcoin’s price, their selling activity has the potential to disrupt market momentum. These investors typically hold assets through market fluctuations, contributing to price stability.

When they begin to sell, it can lead to increased volatility, and if the trend continues, it could trigger a price correction. This potential selling pressure is something that Bitcoin investors are closely monitoring, especially with the $100,000 threshold so near.

The broader macro momentum for Bitcoin remains strong despite the short-term bearish sentiment among LTHs. A key indicator to watch is the Bitcoin Network Value to Transactions (NVT) Golden Cross, which is currently sitting in the neutral zone.

While it’s not yet in the bullish territory (under -1.6), the NVT Golden Cross is an important signal for Bitcoin’s future price movements. Historically, when the NVT indicator enters the bearish zone (above 2.2), it has often been considered a short signal for the market.

However, Bitcoin has not yet reached this bearish zone, giving it room for further growth. The NVT Golden Cross is still a positive sign, indicating that Bitcoin has enough momentum to rise further before any potential downturn.

As long as the indicator remains in the neutral zone, Bitcoin has the opportunity to push towards $100,000 without facing immediate significant bearish pressure.

BTC Price Prediction: Making History

Bitcoin’s price is moving at $96,572, inching closer to the historic $100,000 mark. The cryptocurrency has seen significant upward movement in recent weeks, spurred by institutional interest and increased adoption. If the current trend continues, Bitcoin is poised to break through this psychological barrier, reaching a new all-time high of $99,595.

Should Bitcoin break the $100,000 mark, the next target could be $120,000. A successful push above $100,000 would likely trigger additional buying pressure from both retail and institutional investors. However, the potential for profit-taking from LTHs remains a concern, as any significant selling could cause a temporary pullback.

Despite the short-term concerns, Bitcoin’s overall trend remains positive, and the recent NVT Golden Cross suggests that the path to $100,000 is still achievable. As long as Bitcoin maintains its position above key support levels, the long-term outlook remains bullish.

While LTH selling could create some volatility, Bitcoin is likely to continue its upward trajectory in the coming months, barring any major market disruptions.