The Worldcoin (WLD) token is poised for a new rise, with analysts pointing to a potential upside of 80%. A bullish flag has appeared on the 4-hour chart, which could be a signal to investors of an upcoming rally.
Dynamics of Growth and Decline:
Worldcoin's native token (WLD) has seen an impressive 130% growth over the past year. However, after a brief upward impulse, profit taking occurred and the price fell by 20%, falling to $4.68 in just 10 days.
Growth Prospects:
Crypto analyst Ali Martinez highlights that the 4-hour chart shows signs of a bull flag breakout for Worldcoin. If this is confirmed, the WLD token could head towards the $6.30 level, giving investors the opportunity to cash in on gains of up to 80%.
History of Worldcoin:
Worldcoin has been making headlines since its inception and has raised $3 billion in funding over the past year, attracting high-profile backers such as Andreessen Horowitz, Khosla Ventures and Reid Hoffman.
However, the token has faced a number of difficulties, including regulatory issues and the suspension of its Orb verification service in some countries. Despite efforts to expand into various regions, Worldcoin has faced difficulties in India, Brazil and France.
Criticism and Challenges:
The Worldcoin biometric project, which uses iris verification, has caused controversy in the community. Despite efforts to attract new users with the opening of kiosks in various parts of India, the token has faced difficulties in achieving its ambitious plans.
Experts have also raised doubts about the security and effectiveness of the Worldcoin model, highlighting its centralized nature and limited verification options for users.
Conclusion:
Despite the challenges faced by Worldcoin, the appearance of a bullish flag on the chart highlights the possible ascent of the token. Investors are waiting for developments and monitoring the further dynamics of Worldcoin against the backdrop of expected growth.
