Is Worldcoin doomed? 😨 Worldcoin (WLD) is scrutinized for

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Is Worldcoin doomed? 😨 Worldcoin (WLD) is scrutinized for a potential long-term price decline, driven by several key concerns. The Worldcoin Foundation has revealed plans to sell $200 million worth of tokens to trading firms. This move involves selling 18% of the supply in circulation at a discount 📉 The current WLD market cap is $1.05 billion while the Fully Diluted Valuation is at $49.39 billion. Such a big ratio is always bearish in the long run 😳 A critical phase is approaching in about two months when WLD vesting will be unlocked and issuance will dramatically increase WLD supply by 4% per day. This influx will result in nearly $50 million worth of tokens (calculated at 1 WLD = $6) hitting the market every day 🧮 Taken together, these factors make for a bleak outlook for WLD. How are you positioned? #ETFvsBTC #CryptoWatchMay2024 #EarnCommissions #ScamRiskWarning

Is Worldcoin doomed? 😨
Worldcoin (WLD) is scrutinized for a potential long-term price decline, driven by several key concerns.
The Worldcoin Foundation has revealed plans to sell $200 million worth of tokens to trading firms. This move involves selling 18% of the supply in circulation at a discount 📉
The current WLD market cap is $1.05 billion while the Fully Diluted Valuation is at $49.39 billion. Such a big ratio is always bearish in the long run 😳
A critical phase is approaching in about two months when WLD vesting will be unlocked and issuance will dramatically increase WLD supply by 4% per day.
This influx will result in nearly $50 million worth of tokens (calculated at 1 WLD = $6) hitting the market every day 🧮
Taken together, these factors make for a bleak outlook for WLD. How are you positioned?
#ETFvsBTC #CryptoWatchMay2024 #EarnCommissions #ScamRiskWarning 