{"id":423417,"date":"2023-07-26T15:43:14","date_gmt":"2023-07-26T15:43:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=423417"},"modified":"2023-07-27T15:48:46","modified_gmt":"2023-07-27T15:48:46","slug":"worldcoin-price-prediction-as-wld-continues-to-pump-despite-1-coin-circulation-will-it-dump-today","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/worldcoin-price-prediction-as-wld-continues-to-pump-despite-1-coin-circulation-will-it-dump-today","title":{"rendered":"WorldCoin Price Prediction as WLD Continues to Pump Despite 1% Coin Circulation. Will it Dump Today?\u00a0"},"content":{"rendered":"

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

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.<\/p>\n

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<\/a> could lead to a potential dump.<\/p>\n

Price Trends of Worldcoin (WLD)<\/h2>\n

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.<\/p>\n

In the last 24 hours, the trading volume of the cryptocurrency has decreased by 27%, resulting in a decline in its price action.<\/p>\n

Worldcoin Technical Analysis Shows Possible Bearish Trend Ahead<\/h3>\n
\"Worldcoin\"
Source: Tradingview.com<\/a><\/figcaption><\/figure>\n

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.<\/p>\n

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.<\/p>\n

The majority of traders view these indicators as a bearish signal, indicating a potential negative reversal in the near future.<\/p>\n

Factors That Could Influence WorldCoin (WLD) Dump<\/h2>\n

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.<\/p>\n

Investors are increasingly worried about the project team and early investors’ disproportionately large holdings of WLD tokens.<\/p>\n

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.<\/p>\n

Chimpzee as an Alternative for Prospective Investors<\/h2>\n

Chimpzee<\/span><\/a>, the eco-conscious coin, is dedicated to fighting climate change, saving animals, and, most importantly, helping its users earn money.<\/span><\/p>\n

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.<\/span><\/p>\n