BEWARE if you are BUYING this COIN!
I previously mentioned this coin and explained why it's not advisable to buy at its current price point. Here's the link to the post :
đ - https://www.binance.com/en/feed/post/849756
The coin in question is WorldCoin ($WLD). Currently, the price is declining, which may make you consider investing in it. However, let me briefly explain why it is not worth buying this coin :
1) The circulating supply is less than 2%.
2) The fully diluted value is 17.5B, with a price of $1.7, indicating significant sell-off pressure.
3) They are giving away 50 WLD for those who undergo an iris scan, which may result in further sell-offs.
4) Be aware that around 500M new tokens are about to be added to the supply.
5) It's worth noting that certain investors, such as FTX (Sam Bankman Fried), are also involved in this project.
Before investing in any project, it's crucial to conduct thorough research. This will ensure that you have a clear understanding of what you're investing in and the potential returns you can expect.
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