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Bearish
💥INCREDIBLE: WORLDCOIN💥
🔸What's happening with the Worldcoin price?
Despite the rise of #Bitcoin and several cryptocurrencies, the WLD token has not recovered its all-time high reached days ago.
- WLD has touched the support of $6 and remains around that price.
- They may have regulatory problems and an "overheated" market influence the price of the token.
The Worldcoin token (WLD), which is delivered to those who undergo a biometric data scan and thus verify their humanity in the homonymous protocol, has had two weeks of intense movements in its price.
This cryptocurrency almost quadrupled its price, going from $2 to $9.33 at its highest point.
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But, for a week now, the bearish trend predominates.
It is normal for #Criptomonedas y tokens to rise and fall in price. But, in this case, it is striking that WLD is against the market. While bitcoin (BTC) reached its all-time high of $69,000 yesterday and several cryptocurrencies followed it on its rise, #Worldcoin has depreciated.
🔸Why doesn't the token price continue to rise?
We have three factors that can affect:
1️⃣ There were signs of an overbought market for WLD. This occurs when a financial asset has a very rapid price rise and the market interprets that its price is higher than it should be, according to its fundamentals.
2️⃣Advertising, the fervor over the news that initially drove the rise has passed. Recall that #WLD skyrocketed with announcements of news in Sora, the artificial intelligence software specialized in video production, from OpenAI (a company co-founded by Sam Altman, creator of Worldcoin).
3️⃣The regulatory conflict that Worldcoin faces in many parts of the world. Worldcoin say they comply with high standards of personal data protection. Despite this, many governments and regulatory entities are skeptical and put obstacles in the way of the Worldcoin organization.
Source: CriptoNoticias
🔸What's happening with the Worldcoin price?
Despite the rise of #Bitcoin and several cryptocurrencies, the WLD token has not recovered its all-time high reached days ago.
- WLD has touched the support of $6 and remains around that price.
- They may have regulatory problems and an "overheated" market influence the price of the token.
The Worldcoin token (WLD), which is delivered to those who undergo a biometric data scan and thus verify their humanity in the homonymous protocol, has had two weeks of intense movements in its price.
This cryptocurrency almost quadrupled its price, going from $2 to $9.33 at its highest point.
You might also be interested
But, for a week now, the bearish trend predominates.
It is normal for #Criptomonedas y tokens to rise and fall in price. But, in this case, it is striking that WLD is against the market. While bitcoin (BTC) reached its all-time high of $69,000 yesterday and several cryptocurrencies followed it on its rise, #Worldcoin has depreciated.
🔸Why doesn't the token price continue to rise?
We have three factors that can affect:
1️⃣ There were signs of an overbought market for WLD. This occurs when a financial asset has a very rapid price rise and the market interprets that its price is higher than it should be, according to its fundamentals.
2️⃣Advertising, the fervor over the news that initially drove the rise has passed. Recall that #WLD skyrocketed with announcements of news in Sora, the artificial intelligence software specialized in video production, from OpenAI (a company co-founded by Sam Altman, creator of Worldcoin).
3️⃣The regulatory conflict that Worldcoin faces in many parts of the world. Worldcoin say they comply with high standards of personal data protection. Despite this, many governments and regulatory entities are skeptical and put obstacles in the way of the Worldcoin organization.
Source: CriptoNoticias
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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