WorldCoin Price Prediction as WLD Continues to Pump Despite 1% Coin Circulation. Will it Dump Today?

Updated: 27 July 2023

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Worldcoin (WLD) is currently trending on multiple exchanges, showing a remarkable price surge of over 17% in the last 24 hours.

The asset’s upward momentum has been welcomed by its holders and investors, making it a notable performer as of 5:30 am EST, July 26.

Despite significant gains, skepticism surrounds the stability of WLD token as only 1% of the 110 million tokens are in circulation. Many traders speculate that the vast difference between the circulating supply and supply cap could lead to a potential dump.

Price Trends of Worldcoin (WLD)

The price action of WLD since its exchange launch resembles that of pump-and-dump tokens, with a 41% increase from its all-time low of $1.66 (on July 24) and a subsequent 34% drop from its peak of $3.58 on the same day of launch.

In the last 24 hours, the trading volume of the cryptocurrency has decreased by 27%, resulting in a decline in its price action.

Worldcoin Technical Analysis Shows Possible Bearish Trend Ahead

WLD’s Moving Average Convergence/Divergence (MACD) is indicating a weakening bullish momentum for the coin, as it is above the signal line and shows small green faded bars on the histogram.

Worldcoin’s Relative Strength Index (RSI) stands at 55.45, indicating a bearish trend reversal is likely as it moves downward in the neutral zone. The coin forms a red candlestick between the upper and middle Bollinger Bands, signaling higher selling pressure.

The majority of traders view these indicators as a bearish signal, indicating a potential negative reversal in the near future.

Factors That Could Influence WorldCoin (WLD) Dump

The rising Worldcoin (WLD) project is facing scrutiny amid concerns of being a pump-and-dump scheme, despite its initial pitch as a groundbreaking blockchain network focused on biometric identity verification.

Investors are increasingly worried about the project team and early investors’ disproportionately large holdings of WLD tokens.

Despite an impressive fully diluted valuation of $20 billion, the project’s current market capitalization is only $227 million, which raises concerns about its future. If not addressed, this news could potentially lead to a further decline in the value of the WLD token.

Chimpzee as an Alternative for Prospective Investors

Chimpzee, the eco-conscious coin, is dedicated to fighting climate change, saving animals, and, most importantly, helping its users earn money.

The project has successfully launched its native token, $CHIMPZ, aiming to incentivize active users who contribute to the initiative’s objectives and facilitate seamless transactions within the community.

Despite not being listed on exchanges yet, the token has attracted considerable investor interest due to its impressive features.

Attractive Features Investors Can Find on Chimpzee

Chimpzee differentiates itself by providing three unique avenues for earning rewards, making it a compelling and distinct choice among other projects.

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Which eco-friendly initiatives would you want them to explore?🌱🌍💚

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Also, remember only 6 days until the 125% bonus decreases!⏳

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— Official Chimpzee Project (@RealChimpzee) July 26, 2023

Even in its presale phase, Chimpzee is already taking significant steps toward fulfilling its mission. It has planted thousands of trees and donated massively to wildlife conservation parks.

Within the Chimpzee ecosystem, users can expect to find activities like:

Chimpzee shop, where users can make money via a shop-to-earn mechanism.

Chimpzee’s Zero Tolerance Game allows users to play and earn $CHMPZ coins by unlocking achievements.

The Chimpzee NFT Marketplace offers a transformative journey where trading contributes to a better world. As a pioneering platform, Chimpzee shares trading fee profits with users and ensures all projects undergo a thorough examination to prevent collection copying.
NFT Passports allow users access to premium features in the Chimpzee ecosystem. Four NFT Passport options exist, Diamond, Gold, Silver, and Bronze, and investors without a passport may risk income, rewards, and benefits limitations.

Chimpzee Presales Record Over 1.6million CHMPZ Sold

Chimpzee’s presale celebrates remarkable success, surpassing $900,000 from a hard cap of $1.4 million.

The token currently sells at $0.000775, with 1.6 million CHMPZ tokens sold out already. CHMPZ token price will increase to $0.00085 in the upcoming presale stage.

Notably, the token’s remarkable progress is most likely attributed to the early buyers’ bonus of 125% advertised on the site. Following the final presale stages, $CHIMPZ will launch on exchanges at $0.00185.

To purchase CHIMPZ, log on to the project website, connect your wallet, and swap tokens with ETH or USDT.

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