Live Markets: Bitcoin bounces to $64,000 in classic oversold rebound - CoinDesk
DID coins defy market weakness with 20% gain in 24 hours Tokens associated with decentralized identifier (DID) protocols bucked the broader market weakness, with the category as a whole surging around 20% to $2.62 billion in market value in the past 24 hours, according to data source CoinGecko. The rally is led by Worldcoin’s WLD token, which gained 14% in the period. Worldcoin operates a decentralized identity protocol known as World ID, which uses iris-scanning Orbs to verify unique human identities and help distinguish real people from AI-generated accounts. The move comes after Arthur Hayes, CIO of Maelstrom and co-founder of BitMEX, projected a $10 price target for the WLD token, citing its strong potential in the growing AI-identity verification space. Other notable gainers in the category include Concordium’s CCD and BNB Attestation Service’s BAS token, both up over 6% in the last day. Decentralized identifiers allow individuals to prove their identity online without depending on a central authority. A decentralized identity is essentially a unique ID issued by a decentralized platform that acts as proof of digital identity ownership. Think of it as a digital passport, but not one issued by a government.