Recently, Worldcoin (WLD) has seen a remarkable rise, increasing by 40% within a day. This all started with the first announcement by Baiku Company of the world's first WLD asset management strategy. Amid this wave of excitement, some analysts have predicted that this Crypto Asset is expected to rise another 200% by the end of this year.

Baiku Company, as a well-known enterprise in the e-commerce infrastructure field, has just announced a significant financing plan, securing $250 million in private investment funds to implement this unique Worldcoin asset management strategy. In this plan, Baiku Company sold 171.2 million shares of common stock in a single transaction at a price of $1.46 per share, while also selling 13.7 million shares to the largest Ethereum asset management company, BitMine, at the same price.

In addition, BitMine made a strategic investment of $20 million in Baiku Company in early September, as part of the $270 million private equity investment in the public market for OCTO. This symbolizes the beginning of BitMine's "Moonshot" strategy, which plans to allocate 1% of the company's assets to support the strengthening of the Ethereum ecosystem.

Tom Lee, the chairman of BitMine, emphasized the hope to support innovative projects that create value for the Ethereum network. Worldcoin, as an ERC-20 coin, perfectly aligns with Ethereum, especially in establishing trust and security between future technology platforms and billions of users. The "zero-knowledge human proof" function is particularly important.

The Baiku company stated that through this round of fundraising, Worldcoin will become the company's primary asset reserve, while Ethereum may be used as a secondary reserve, with a core focus on WLD.

Since then, Worldcoin's performance in the market has also been noteworthy. Since the announcement, WLD has broken through the $1.50 mark and reached a three-month high of $1.58. Over the past few months, this Crypto Assets has been hovering in the range of $0.60 to $1.60, and while it failed to break this range during the spring and summer rally, its current rise seems to indicate a significant change.

Market analysts Alpha Crypto Signals noted that Worldcoin recently broke through a descending wedge that had lasted for nearly two months, which may indicate that the coin price trend is about to reverse. They pointed out that WLD has climbed back above the 9-day moving average after the breakout, successfully exceeding the key resistance level, giving the bulls the upper hand, as predicted, with buying pressure beginning to take control.

At the same time, some analysts believe that Worldcoin is approaching a historic multi-year trend line breakthrough, aiming for a rise of up to 200% by December 2024. Currently, this Crypto Asset has broken through significant resistance and is attempting to establish $1.50 as a new support level.

As of now, the trading price of Worldcoin is $1.51, which has achieved a 73% rise compared to last week.

For reference only, not constituting investment advice. Past performance does not guarantee future results.