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WLD coin began in 2023 with a value of $1 and ATH to $11 in 9th March 2024. Amazing? Yeah… If the founder can create OpenAI, He also can create proof of humanness protocols which is called as Worldcoin. What is Worldcoin? WLD is the token of Worldcoin, a project that aims to create a public utility for everyone to verify their humanness and claim free WLD tokens. WLD is an ERC-20 token on Ethereum and Optimism, and it can be used for governance, payments, and other purposes. Worldcoin uses a device called the Orb to scan people’s eyes and create a unique identity called World ID. Worldcoin is founded by Sam Altman, the CEO of OpenAI. $BNB $BTC $WLD #TrendingTopic

WLD coin began in 2023 with a value of $1 and ATH to $11 in 9th March 2024.

Amazing? Yeah…

If the founder can create OpenAI, He also can create proof of humanness protocols which is called as Worldcoin.

What is Worldcoin?

WLD is the token of Worldcoin, a project that aims to create a public utility for everyone to verify their humanness and claim free WLD tokens. WLD is an ERC-20 token on Ethereum and Optimism, and it can be used for governance, payments, and other purposes. Worldcoin uses a device called the Orb to scan people’s eyes and create a unique identity called World ID. Worldcoin is founded by Sam Altman, the CEO of OpenAI.

$BNB $BTC $WLD #TrendingTopic

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PEOPLE chart The chart indicates a strong upward price movement with significant volume, intersecting trendlines forming a wedge pattern, and positive MACD values suggesting bullish momentum. The highlighted area may serve as a support or target zone in case of a price pullback. Here's an analysis based on the chart provided: Technical Indicators: 1. Trendlines and Patterns: - The upward trendline suggests a bullish trend. - The formation of a wedge pattern indicates a potential breakout, but it could go either way (up or down). 2. Moving Averages: - The current price is significantly above the moving averages (MA50, MA100, MA150), which generally indicates strong bullish momentum. - However, being too far above moving averages can also mean the price is overextended and might correct. 3. Volume: - High volume confirms the strength of the recent move. 4. MACD: - The MACD is positive, indicating bullish momentum, but keep an eye on potential divergence or signs of weakening momentum. 5. Support/Resistance: - The highlighted range ($0.07173 - $0.05707) could act as a support if the price pulls back. Market Conditions: 1. Volatility: - Cryptocurrency markets are highly volatile. A significant price increase (21.59%) in a short period can lead to sharp corrections. 2. Fundamental Factors: - Consider any recent news, developments, or events related to the project behind the PEOPLE token. 3. Risk Management: - Never invest more than you can afford to lose. - Consider setting stop-loss orders to manage potential downside risk. Conclusion: While the chart shows strong bullish indicators, it is crucial to consider the following: - Risk of Overextension:The price being significantly above moving averages can sometimes indicate a risk of a pullback. - Market Sentiment and Fundamentals: Look into any news or events affecting the PEOPLE token. - Personal Risk Tolerance: Assess your risk tolerance and investment strategy. It might be wise to wait for a pullback to the support zone or look for confirmation of a breakout before buying.
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$PEOPLE TRAP Analyzing the chart for $PEOPLE: 1. Current Price and Recent Trend: The current price is $0.08558, showing an increase of 11.53%. The chart shows a recent bullish trend with a significant spike. 2. Moving Averages: - MA(7): $0.04519 - MA(50): $0.02359 - MA(100): $0.02323 The current price is above all these moving averages, indicating strong upward momentum. 3. Support and Resistance Levels: - Support: Around $0.050-0.065 (near the blue highlighted area). - Resistance: The recent peak at $0.09766. 4. Potential Trap: The sharp rise could indicate a potential bull trap, where prices rise quickly but may fall just as rapidly. Overall, while the trend looks bullish, caution is advised due to the possibility of a reversal. The support level will be consider ~0.055. Beware.
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I observed a consistent upward trend. Could this be a potential trap? What are your thoughts on the $PEOPLE $BOME $PEPE ?
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Weird statistical graph of $STG $STG on Spot trading around 0.85 but on Future trading is 0.77. There is because of different mechanism. The difference between the spot price and the futures price is called the "basis." This can be positive (contango) or negative (backwardation). The futures price can reflect the market's sentiment and predictions about future price movements, interest rates, inflation, and other economic factors. The increasing price significantly in both spot and futures trading is a bull trap for traders to buy in fomo. Please be aware of this kind of FOMO.
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Shitcoin and Memecoin. According to OpenAI, a “shitcoin" is a derogatory term used in the cryptocurrency community to describe a digital currency that has little to no value or potential. These coins often lack a clear purpose, robust technology, or community support. They are sometimes created quickly to capitalize on the hype surrounding cryptocurrency, with the intent of making quick profits for their creators rather than providing long-term value to users. In many cases, shitcoins are associated with pump-and-dump schemes, where the price is artificially inflated and then sold off by the creators, leaving late investors with worthless coins. Probability of shitcoin - $PEPE $PEOPLE $BOME While, a "memecoin" is a type of cryptocurrency that is often created as a joke or parody, based on an internet meme or a humorous theme. These coins usually have little inherent value or serious purpose beyond their novelty and entertainment factor. The most well-known example of a memecoin is Dogecoin, which started as a joke based on the popular "Doge" meme featuring a Shiba Inu dog. Despite their humorous origins, some memecoins have gained substantial popularity and market value due to community support, viral marketing, and social media hype. However, they are typically considered high-risk investments due to their speculative nature and lack of solid fundamentals. Probability of memecoin - $SHIB $DOGE
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