Worldcoin (WLD) and the Looming Bull Run: Is it Time to Consider Chimpzee Coin?

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Worldcoin (WLD) price is trading at $2.054, down 1.35% over the last 24 hours and 9.15% over the last week. Its 24-hour trading volume stands at $64.29 million, up 9.74% on the day. With a live market cap of approximately $246 million, WLD is positioned at #120 according to the CoinMarketcap ranking.

Meanwhile, Worldcoin reports that registrations for the World ID have doubled in the week following its launch from beta, signaling increasing interest in the proof-of-personhood crypto.

The Sam Altman-backed startup said:

“What’s noteworthy here is that the rate of World ID verifications had already doubled once in 2023. Between January and July, World ID sign-ups went from one million to two million in less than half the time it took to reach the first million.”

The company added that the 2x growth in weekly World ID sign-ups witnessed last week demonstrated a “sustained increase in global demand for World ID as a standalone product.”

According to the project, this growth coincided with a three-fold increase in weekly active World App users and a more-than-10x increase in weekly account creations. World App is a Worldcoin network wallet built by Tools for Humanity, the firm behind WLD.

Learn more here.https://t.co/MkkO7mKw1l

— Worldcoin (@worldcoin) August 6, 2023

Traders expect that this increase in user activity will spark a bullish trend in the Worldcoin price. The technical setup indicates a possible uptick if a key barrier is shattered.

Worldcoin Price Could Climb 25% To $2.47

WLD price has formed a descending parallel channel on the hourly chart, as shown below. At the time of writing, Worldcoin was fighting to escape from the channel. An hourly candlestick close above the channel’s upper boundary at $2.053 would confirm a bullish breakout from the bearish chart pattern, setting the token on a recovery path.

Key levels to watch in its upward journey are the 50 simple moving average (SMA) at $2.082, the 100-day SMA at $2.16, and the $2.20 psychological level. Additional barriers are found at the 200-day SMA at $2,25 and the $2.33 significant resistance level.

Above that, Worldcoin bulls would push the price higher to collect the liquidity in its path toward the channel’s peak at $2.479. Such a move would represent a 20.58% climb from the current price.

WLD/USD Hourly Chart

Several technical indicators supported Worldcoin’s positive narrative. These included the upward movement of the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicator. The MACD is now positive, suggesting that more buyers are entering the market. WLD’s upward trajectory will gain momentum as both the RSI and the MACD cross their respective mid-lines into the positive territories.

On the downside, failure to rise above the channel’s upper boundary at $2.053 would ensure that Worldcoin remains within the descending channel, with $2.011 providing immediate support. Additional defense lines lie at the middle boundary of the channel at $1.987 and the lower boundary at $1.914.

Those seeking to place their long bets on Worldcoin must wait for a decisive close above the channel’s upper boundary. Since there is no telling with certainty when this will happen, investors may turn to a new cryptocurrency in presale with the potential to make handsome returns in 2023. One of these crypto is Chimpzee.

WLD Alternatives

Chimpzee places its emphasis on environmental conservation and the protection of animals. Chimpzee provides users with the opportunity to earn passive income while actively contributing to environmental causes. To support this mission, the platform offers a range of features, including Play-to-Earn, Shop-to-Earn, and Trade-to-Earn functionalities.

These include the Chimpzee shop, the NFT marketplace, and the Zero Tolerance Game. The team has committed to reserving 10% of the token supply, alongside allocating a portion of profits, to support organizations dedicated to environmental protection causes.

Are you enthusiastic about preserving our beautiful planet?🌿🌍

Do you hold a soft spot for wildlife conservation?🦋🐾

And would you like to generate passive income?💸🌟

Then join the #Chimpzee #Presale now and be a part of the change!🚀🌳https://t.co/Geog3EVuMC #EcoCrypto pic.twitter.com/20jXFYXHeA

— Official Chimpzee Project (@RealChimpzee) August 7, 2023

Moreover, Chimpzee will introduce a Chimpzee NFT passport, and owning this passport grants users the opportunity to earn the highest level of passive income. By utilizing it in various interactions within the ecosystem, users can acquire more CHMPZ tokens.

The ongoing Chimpzee presale allows participants to purchase these exclusive passports. Across four rounds, a total of 40 billion CHMPZ tokens are up for sale. At the current stage, 1 CHMPZ is priced at $0.00067, and by the final stage, the cost will be $0.0011, representing a 64% return on investments for early investors.

The team behind Chimpzee has now raised more than $1.1 million in the presale. Analysts believe this project could make a tremendous difference in the niche of blockchain projects focused on environmental protection and conservation.

Visit Chimpzee here for more details on how to participate in the presale.