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Worldcoin Consolidates Below $5 Amid New SMPC System, Deletes Iris Codes - Can It Trigger Bullish Breakout Amid Regulatory Hurdles?#CMEBitcoinSpotTrading #MemeWatch2024 #BinanceLaunchpool #BTC #MicroStrategy In a move to enhance data privacy and security, the Worldcoin Foundation has unveiled a new open-source system based on Secure Multi-Party Computation (SMPC) for handling biometric information more safely. This development comes amid increasing regulatory scrutiny and concerns around biometric data and personal data protection.As of press time, Worldcoin is trading at $4.89, down 1.94% in the last 24 hours. It has a market cap of $1 billion and a 24-hour volume of $181 million, a 31% drop in the same 24 hours. Worldcoin has faced probes in various countries, including Germany, Argentina, as well as a ban in Kenya. Recently, regulators in Spain and Portugal alleged that children were allowed to submit to eye scans and obtain a blockchain-based identity, leading to orders to stop collecting data. Worldcoin has been compelled to continue building new technologies that align with stringent data protection measures. The foundation, in collaboration with TACEO, has successfully applied the new SMPC system for Machine Learning to Iris codes, enabling the establishment of an individual's uniqueness while prioritizing data security. As part of this transition, the Worldcoin Foundation has successfully deleted the previously collected iris codes while retaining the ability to establish uniqueness among individuals. The new open-source software is currently available in the GitHub repository, allowing interested developers to use and improve the system. By open-sourcing the SMPC system, Worldcoin aims to establish a new standard for data security and encourage transparency and collaboration within the developer community.the Worldcoin Foundation made several significant announcements, including the opening of applications for Wave 1 of the Worldcoin Foundation Community Grants Program and the introduction of World Chain, a new designed specifically for humans.

Worldcoin Consolidates Below $5 Amid New SMPC System, Deletes Iris Codes - Can It Trigger Bullish Breakout Amid Regulatory Hurdles?#CMEBitcoinSpotTrading #MemeWatch2024 #BinanceLaunchpool #BTC #MicroStrategy In a move to enhance data privacy and security, the Worldcoin Foundation has unveiled a new open-source system based on Secure Multi-Party Computation (SMPC) for handling biometric information more safely. This development comes amid increasing regulatory scrutiny and concerns around biometric data and personal data protection.As of press time, Worldcoin is trading at $4.89, down 1.94% in the last 24 hours. It has a market cap of $1 billion and a 24-hour volume of $181 million, a 31% drop in the same 24 hours.

Worldcoin has faced probes in various countries, including Germany, Argentina, as well as a ban in Kenya. Recently, regulators in Spain and Portugal alleged that children were allowed to submit to eye scans and obtain a blockchain-based identity, leading to orders to stop collecting data.

Worldcoin has been compelled to continue building new technologies that align with stringent data protection measures. The foundation, in collaboration with TACEO, has successfully applied the new SMPC system for Machine Learning to Iris codes, enabling the establishment of an individual's uniqueness while prioritizing data security.

As part of this transition, the Worldcoin Foundation has successfully deleted the previously collected iris codes while retaining the ability to establish uniqueness among individuals. The new open-source software is currently available in the GitHub repository, allowing interested developers to use and improve the system. By open-sourcing the SMPC system, Worldcoin aims to establish a new standard for data security and encourage transparency and collaboration within the developer community.the Worldcoin Foundation made several significant announcements, including the opening of applications for Wave 1 of the Worldcoin Foundation Community Grants Program and the introduction of World Chain, a new designed specifically for humans.

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LUNC Price Prediction On Verge Of 26% Breakout, Time To Buy Terra Classic ? #BinanceLaunchpool #altcoins #BlackRock #BTC #bitcoinhalving Investor optimism has been on the rise since last week when cryptocurrencies generally rebounded in tandem with Bitcoin price’s surge above $67,000. Low-cap altcoins like Terra Classic woke up from the deep slumber with strength, accruing modest gains. However, the LUNC price prediction signals that it gets darker before dawn.In other words, investors could see another correction before Terra Classic readies for a 26% breakout to $0.0001474.Terra Classic price is back on the drawing board, seeking refuge from the demand zone at $0.0001. Last week’s bullish outlook was a breath of fresh air, calling vendors back into the market.However, due to the seller congestion at $0.00011 — an area reinforced by the 200-day Exponential Moving Average (EMA), a correction occurred clawing back the accrued gains. The pullback also served as confirmation for the trendline support, forming part of an ascending triangle pattern. Although respected as a key demand zone around $0.0001, a larger rebound targeting the x-axis (horizontal) resistance at $0.000117 will be required.Traders would target areas slightly above $0.000117 for buy orders, following the validation of the triangle. A 26% rally equal to the distance between the lowest and highest points of the pattern is anticipated thereafter and will propel LUNC price to $0.0001474.Such a move is bound to trigger FOMO, especially with the community focused on improving the ecosystem’s network efficiency. Improving LUNC and USTC values is also of great concern and is likely to gain momentum as prices in the crypto market rise, marking the 2024 bull run.A sell signal from the Moving Average Convergence Divergence (MACD) backs the correction from last week’s peak levels. Notice the position of the MACD line and the signal line below the neutral zone.Until the blue MACD line crosses above the red signal line, the path of least resistance will remain downwards.
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Worldcoin WLD Struggles at $4.70 as Bearish Sentiment Prevails !! #notcoin #altcoins #BinanceLaunchpool #BTC #bitcoinhalving Worldcoin (WLD) has shown a significant downturn in this week’s trading, marking it as the week’s most substantial loser with an overall decline of over 16%. The decline started sharply after a brief initial gain at the beginning of the week. Starting around $5.90, WLD saw a rapid descent, with a notable drop of 5.2% on May 13th and a steep 15.28% fall on May 14th. This series of declines brought its price down to around $4.70, struggling to regain its footing in the $5 region. Key technical levels have become apparent as WLD continues its downward trajectory. Recently, it tested a critical resistance at $6.188, a level previously identified as pivotal for a potential bullish reversal. However, rejection at this high has kept the bearish structure intact, with the price now hovering close to the $4.7 mark, near a significant demand zone on the daily timeframe. This zone previously acted as resistance in December 2023 and now poses a potential turning point for WLD if it can stabilize or bounce back from these levels. Worldcoin (WLD) demonstrates intriguing on-chain activity that contrasts with its recent price performance. Despite the overall negative trend, daily active addresses have been increasing since late March, indicating heightened user engagement and potential accumulation. The mean coin age also rose in April, suggesting that holders were confident in maintaining their investments, although this trend shifted as prices reached resistance levels and profit-taking occurred. The MVRV ratio for Worldcoin has dipped into negative territory, reflecting that the average holder might currently be at a loss. This scenario typically reduces selling pressure as holders await better prices. However, despite these positive signs of accumulation and engagement, the overall market sentiment remains bearish, influenced heavily by a negative social volume that continues to impact investor confidence and market dynamics.
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Pepe Price Prediction 2024 – Next Meme Coin to Watch? #notcoin #altcoins #BinanceLaunchpool #BlackRock #bitcoinhalving The weekend behind us was mostly calm in the crypto space, and meme coins experienced a slow price action. However, the PEPE price broke new all-time highs last week before cooling off slightly below the $0.00001 area. Let’s find out what prominent crypto analysts say about the PEPE price forecast. provided his analysis on the PEPE price prediction. He mentioned that he has exited his position in PEPE, although he sees potential for some more upside. According to his analysis, PEPE has seen a 197% move from the wave 4/B bottom, and he believes a pullback might be necessary for the bull market to continue.two possible scenarios for the PEPE price movement. In the first scenario, he suggests that wave 5 is now complete, and PEPE could experience a sizable correction of 50-80% for wave 2, considering the 1,600% move over the past year. He believes that the bottom of this eventual wave 2 correction would be extremely bullish if the meme coin ecosystem remains strong. In the second scenario, he proposes the idea that wave 4 is still in progress, and the PEPE chart might be forming a rarer wave 4 variation or a deeper C wave that would breach the previous wave A. Regardless of the scenario, the analyst’s analysis indicates that a pullback for PEPE is expected, although the extent and duration of the correction may vary. Moreover, the popular YouTube channel 99Bitcoins, with around 700k subscribers, posted their PEPE price prediction today. According to their technical analysis, the one-week chart shows a downward trend after breaking all-time highs, while the one-month chart indicates significant gains with overall bullish indicators. Conclusion As the PEPE price continues to be interesting topic in the meme coin ecosystem, analysts predict a potential pullback before further upside movements. While short-term corrections are expected, the overall sentiment remains bullish, with PEPE poised to benefit from the upcoming crypto bull market.
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Will Polygon Get Back To $1? Or Are Rollblock and DOGE More Likely To Break The Dollar Mark? #MemeWatch2024 #CMEBitcoinSpotTrading #BinanceLaunchpool #buythedip #BTC Polygon has been one of the worst-performing cryptocurrencies over the last year. Its value has plummeted by 20%, and Polygon’s (MATIC) trading volume has crashed as investors lose confidence. With a potential bull run incoming, investors are asking if Polygon will recover or if Dogecoin (DOGE) and Rollblock (RBLK) could be stronger investments. At first glance, Dogecoin and Rollblock appear to be better options, having both seen strong returns over the past month. Polygon Continues To Crash Despite Trading Volume Increases Polygon’s trading activity increased dramatically during the first two weeks of May. Whale transactions were up by 2% and Polygon’s daily trading volume was also rising. However, following a fortnight of disappointing returns, investors are losing confidence in Polygon. Over the last month, Polygon’s price has decreased by 3.07%. This decrease has worsened over the past week, with an additional 1.91% decline while other altcoins have started to rally. With Polygon now trading at $0.6692, experts fear additional decreases could take MATIC as low as $0.60. Dogecoin Breaks Key Resistance Cryptocurrency analyst Kevin recently predicted that Dogecoin needs to break above its $0.153 resistance level to gain any additional momentum. Following a 2.12% increase over the last 24 hours, Dogecoin has broken this level and is now trading at $0.159. This could trigger an additional rally over the next week, pushing Dogecoin up an additional 10%.Over the past 24 hours, Dogecoin’s daily trading volume is up by 10.07%, suggesting that a bullish sentiment could be building around the meme coin. With this in mind, many investors are buying Dogecoin (DOGE) to capitalize on a potential upcoming rally.
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Floki Inu surges 21.75% in 7 days: Should you sell or wait for more gains? #notcoin #MemeWatch2024 #altcoins #BinanceLaunchpool #BTC FLOKI’s price surged significantly over the past week as interest in the token grew.Network growth declined, indicating a waning interest from new users.Floki Inu [FLOKI] has been one of the memecoins that has been competing for the top spot for quite some time. FLOKI dominates the market Despite FLOKI’s attempts to grow, new and popular entrants have continued to take away market share from the FLOKI token. However, the tides for FLOKI changed over the last week.According to CoinMarketCap’s data, FLOKI witnessed a 21.75% surge in price over the last seven days. It was the third-highest cryptocurrency that appreciated so much during this duration. Since the beginning of May, the price movement of FLOKI has largely been positive. It has shown multiple signs of higher highs and higher lows, indicative of an upcoming bullish trend. If FLOKI manages to test the $0.00023076 levels again, it could surge past the resistance and aim for the $0.00025780 level in the future.Despite the surge in FLOKI’s price, the CMF (Chaikin Money Flow) for the FLOKI token had fallen significantly to -0.12 levels. This indicated that the money flowing into FLOKI had fallen significantly.The RSI (Relative Strength Index) for FLOKI had declined materially as well, implying that the bullish momentum around the token had taken a hit.Despite the surge in price, it was seen that it was mostly long positions that were getting liquidated. This could be attributed to traders taking highly leveraged bets on FLOKI. Due to this, the sentiment of traders turned negative. According to Coinglass’ data, the number of short positions taken against FLOKI had surged in the last few days.This indicated that there was a rise in bearish sentiment, and traders were expecting FLOKI’s price to drop. Even though the price of FLOKI had surged, the Network Growth had declined significantly, suggesting that the number of new addresses using FLOKI had fallen.
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