Worldcoin Price Struggles as Bitgert Attracts More Investors

Bitcoin’s reclaiming the $66K price level on Friday could set up the market for a bullish breakout in October. BTC’s bullish flag on its price charts shows Bitcoin could attempt $70K ahead of next month. 

As Q4 approaches, investors are increasingly optimistic about a bullish market trend. While investment in the cryptocurrency market might seem a good strategy at this time, investors are urged to take caution. 

Worldcoin’s price performance stagnated shortly after an impressive one-week rally. Worldcoin’s recent performance displayed market volatility; Bitgert, on the other hand, has kept intriguing investors. 

Let’s discuss why Worldcoin’s price is struggling while Bitgert sees increased investor interest.

Worldcoin $WLD is Struggling

Worldcoin has grown in adoption since it was launched in 2023, registering over 16 users through Worldcoin IDs in the US, UK, Germany, and a dozen other countries. 

Guatemala, Malaysia, and Poland Worldcoin’s IDs recently joined the Worldcoin orb. These developments coincided with AI project rallies and the current bullish swing, pushing Worldcoin’s $WLD to higher highs in this period.

Worldcoin’s price chart shows $WLD moved sideways from late August to mid-September before a final breakout above the $1.80 resistance level. This breakout saw Worldcoin witness consecutive green candles after a solid green candle, confirming a bullish trend reversal.

Worldcoin was recently fined by South Korea’s PIPC (Personal Information Protection Commission) for breaching personal protection laws. Korea’s PIPC announced imminent steps to fine Worldcoin over $820,000 for violating the PIPA—Personal Information Protection Act. In the heat of the announcement, $WLD has suffered a 3.25% intraday dip.

Bitgert: Attracting More Investors

Bitgert is a foundational blockchain layer that hosts innovative solutions and hundreds of partner projects. As a Layer-1 platform, Bitgert provides developers with easy user onboarding, EVM compatibility, enhanced scalability, and top-level security. 

Market metrics show increased market activity on Bitgert’s blockchain. In addition to Bitgert’s user-centric capabilities and solutions, the improved market traffic on the Bitgert ecosystem can also be traced to Bitgert’s latest partnerships and the ongoing campaigns on the ecosystem, like the Bitgert Hackathon. Bitgert expanded its number of project partners after confirming alliances with DigiBuy, MOW, Terminus, and FlareSwap. Bitgert’s strategic developments centered around driving innovation and improving the overall digital experience of users are attracting a fresh wave of investors ahead of Uptober.

Worldcoin’s ongoing legal tussle with South Korea’s PIPC could trigger increased panic levels for Worldcoin adopters, leading to more sell-offs before the expected bull cycle. In contrast, the developments within Bitgert’s ecosystem would continue to drive investor interest. 

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