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Worldcoin’s banking launch, 23% leverage jump and WLD’s $0.55 test – Explained!

Worldcoin’s banking launch, 23% leverage jump and WLD’s $0.55 test – Explained!

Photo: AMBCrypto

On the 18th of October, identity project Worldcoin [WLD] launched a version of its ID verification product for banks and financial firms. Unveiled at the Money20/20 conference by World cofounder Alex Baina, the suite combines three existing products that World said can help institutions guard against deepfake fraud and AI-driven impersonation. The altcoin has rallied 17.44% from Sunday's low of $0.4565. In a recent report, AMBCrypto highlighted the importance of the $0.46-$0.47 demand zone. The positive reaction from this area, alongside the higher timeframe bullish structure after the rally to $0.723 in June, could give short-term traders some bullish hopes.

Source: AMBCrypto

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