Worldcoin Price Prediction: Rallying Strong, Should Investors Swap for Wall Street Memes Coin?

Updated: 08 August 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The crypto industry has been quite excited about a new initiative led by Sam Altman, the man behind ChatGPT.

After capturing the world’s attention in late 2022 with a revolutionary AI chatbot, Altman has another venture — a cryptocurrency called Worldcoin (WLM).

The digital asset was launched on July 24, and since then, it has seen chiefly more minor fluctuations that took its value from $2.02 to $2.5 and back.

However, the token then experienced a dip in the last several hours of August 8, when it dropped under $2 for the first time since July 25. The day after launch was the first and only time it went below $2 before today.

August 8 took it to its all-time low at $1.91, which is about two cents under its previous all-time low of $1.93. Even so, the market expects the token’s price to bounce back up in days to come.

Kenya suspends Worldcoin over data safety concerns

Likely the most significant reason the token is seeing negative performance right now is the situation in Kenya.

According to recent reports, the country has suspended all Worldcoin activities within its borders.

The move is due to the current investigation, which revolves around data safety. The project’s financial transactions’ integrity has been brought into question.

The suspension was announced last week on August 2nd, which was only about a week and a half following Worldcoin’s launch.

The government has suspended the activities of Worldcoin in Kenya until relevant agencies in Kenya establish their are no risks to the general public: pic.twitter.com/FuPhNtw2Ht

— Mwango Capital (@MwangoCapital) August 2, 2023

Interior Cabinet Secretary Kithure Kindiki announced it, stating that the project and any other entity that may be similarly engaging Kenyan locals have and will be suspended.

The current state of things will remain unchanged until the relevant state agencies certify the absence of risks to the general public.

Kenyan police allegedly raided a WorldCoin-owned warehouse in Nairobi, seizing machines believed to house local users’ data.

The current investigation assesses whether the project respected the strict privacy rights of Kenya’s locals.

Worldcoin expects more company integrations

Despite the controversy, Worldcoin seems unbothered by the current situation. It even stated that it expects to support new company integrations in months.

Worldcoin became quite popular and well-known mere days after its launch. The project uses a unique iris-scanning ID system that sparked interest and opinions.

The idea of using biological identification offers greater security, which is why many are pretty excited about this technology.

On the other hand, skeptics are still waiting for the project to answer crucial questions, including universal basic income.

If Worldcoin intends to grow and continue the utilization of its project, it will need partnerships and supporters.

Is Wall Street Memes a good alternative?

Considering the success of ChatGPT, it seems clear that Worldcoin’s CEO knows how to create a successful, helpful product.

However, the crypto industry is used to projects with great potential facing scrutiny, and it knows not to put all of its eggs into one basket.

This is why many have turned to alternative investments, with one of the best options now being Wall Street Memes (WSM). This is a meme coin inspired by a Reddit group called WallStreetBets.

The project’s presale raised over $22.2 million and is still ongoing. The project’s token, WSM, sees a slight price increase every few days, so buying the token as early as possible has been the preferred strategy.

Right now, the token is selling for $0.0331, but in about four and a half days, it will go up to $0.0334. Anyone can buy the token in exchange for ETH, BNB, USDT, or via credit/debit card.

Smog (SMOG) - Meme Coin With Rewards

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