#BinanceHODLerBANANA #BinanceTurns7 #SOFR_Spike #MtGoxJulyRepayments #EarnFreeCrypto2024 Worldcoin (WLD) surged over 8% in the early hours of European trading after heightened investor confidence helped the coin gain momentum. At the press time, WLD is trading at $2.34, up over 8.27% as compared to the same time last day.
This price increase coincides with a significant Worldcoin team development. The WLD community witnessed the start of the main token unlock on July 24. The Tools for Humanity (TFH) team is in charge of organizing this event. People having legitimate World IDs will receive the majority of WLD tokens, according to the official release.
The team disclosed that they would receive these coins in recognition of being special humans. They also disclosed that, by utilizing this technique, about six million distinct people had interacted with the Worldcoin network. The unlocking event has been started by the team and will be carried out linearly every day.
Will WLD keep rising in the future?
Market participants at present expect the price of Worldcoin to increase by 228.37% to reach $ 7.63 in the coming month. However, other technical indicators indicate that the current mood for the coin is bearish, and the Fear & Greed Index is currently reading 68 (Greed).
If the coin keeps trading on bullish cues, it might keep its upward trajectory intact. However, if the bearish signals continue, the coin might take a fall in the future. With the overall crypto market taking a cautious stance, investors will be on a keen watch regarding the token's development.
Over the previous 30 days, Worldcoin had 13/30 (43%) green days and 15.85% price volatility. Data also indicates that there is an overall bearish feeling for Worldcoin price prediction, with 23 technical analysis indicators indicating bearish signals and 1 technical analysis indicator indicating positive signals.By August 25, 2024, Worldcoin's 200-day Simple Moving Average (SMA) will have increased by $ 4.90. During the same period of time, Worldcoin's short-term 50-day SMA is predicted to reach $ 3.81. The momentum oscillator known as the Relative Strength Index (RSI) is a widely used indicator that indicates when a cryptocurrency is overbought (above 70) or oversold (below 30). The WLD market is neutral at the moment, as indicated by the RSI reading of 43.03.
