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Worldcoin is a new type of digital money, or cryptocurrency, created in 2021 by Sam Altman and his team. People use Worldcoin to buy things and trade online, similar to how Bitcoin works. Worldcoin aims to make digital money available to everyone around the world.
Recently, Worldcoin’s price went up a lot, but some traders are still unsure. Worldcoin released more tokens, which usually makes the market react. This time, the reaction was small. The plan is to release tokens over five years instead of three to keep prices steady.
Even though the price moved a bit, Worldcoin’s price increased by 11.74% on July 26th. But many traders are not positive. More traders are betting the price will go down than up. People are watching to see if the price will continue to rise.
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Vocabulary List:
6 words · tap to reveal
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Accent
Cryptocurrency/ˌkrɪp.toʊˈkɜːr.ən.si/noun
A digital or virtual currency that uses cryptography for security.
Tokens/ˈtoʊ.kənz/noun
Units of value or assets that are created on a blockchain.
Traders/ˈtreɪ.dərz/noun
Individuals or entities that engage in buying and selling assets in the market.
React/riˈækt/verb
To respond or behave in a particular way in response to something.
Steady/ˈstɛd.i/adjective
Firmly fixed or not likely to change; stable.
Positive/ˈpɒz.ɪ.tɪv/adjective
Having a good or optimistic attitude; indicating affirmation or agreement.