$WLD has reached its historical market cap peak, but don't be fooled โ the price has still plummeted by 80%. So where does the confidence come from that it can break the $10 mark? A price break above $3 would be a miracle at this point. Here's why the risk-reward ratio for going long on $WLD looks pretty grim:
๐ฅ Fundamentals Under Pressure:
A staggering 10 billion token supply with only 100 million tokens in circulation at launch is a major red flag. The constant token unlocks are diluting the market, and with the amount of unlocked tokens skyrocketing sevenfold, retail investors are left holding the bag.
โ The VC Coin Trap:
WLD has maxed out the disadvantages of VC-backed coins, with the project team seemingly unable to buy back tokens to support the price. As more tokens unlock daily, $WLD's price faces heavy downward pressure. $3 may be the highest we see this cycle, and $1 could soon become a struggle to achieve.
๐ The Reality Check:
Those buying in at current levels might be hoping for a miracle, but without a fresh narrative or strong fundamentals, WLD looks more like a sinking ship than a long-term investment.
๐จ Advice for Potential Buyers:
The ceiling is near, and the downside risk is high. Make sure to manage your expectations and beware if youโre still holding or thinking of buying. Can WLD rise further, or is it a price trap waiting to be unwound?
๐ฅ Stay Smart, Stay Safe in the Crypto Market!
#BinanceHODLerTHE #XRPMarketShift #BNBChainMeme #NotPriceSurge #Write2Earn!
