Right now, I'm bullish on World Coin ( $WLD ) Recent news about extending the vesting period for core contributors' token distribution is a positive sign, as it reduces token inflation over the next couple of years. We've seen open interest spikes, indicating that many large positions are being opened. While this is bullish, it also suggests a potential sell-off in the future.
1️⃣ Price Targets and Technical Analysis:
Worldcoin has broken above a significant level between 2.8 and 2.6 with strong momentum on the 4-Hour time frame. Potential price targets include 2.8, 2.7, 3.5, and 4-4.5. However, expect some resistance at the 3.5 and 4-4.5 levels.
2️⃣ Final Thoughts
Despite the current bullish trend, I remain bearish on Worldcoin in the long term. Pumps like this will happen, but they ultimately end with big spikes down and liquidations. Be careful, use spot trading, and keep your position sizes low with low leverage. Be prepared for spikes down and a potential big dump in the future.

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Worldcoin, co-founded by Sam Altman, Max Novendstern, and Alex Blania in 2019, aims to create a decentralized digital ID using biometric technology. With over 2 million eyes scanned, the project seeks to address wealth concentration from AI advancements through Universal Basic Income (UBI).
1️⃣ Technology:
The Orb scans eyes to generate a World ID, preserving privacy by uploading a hash to Ethereum's Optimism. The World app facilitates QR code creation and scanning associated with iris scans.
2️⃣ Tokenomics and Market Conditions:
WLD tokens have an initial supply of 10 billion, with a large portion allocated to the community. Concerns include rumors of OTC deals and daily token unlocking, potentially leading to price drops. The price is currently between $2 and $2.25, with a breakout above $2.5 needed for a rally to $100. Without it, the price may fall to around $1.8.
3️⃣ Risks and Criticisms:
Potential risks include regulatory challenges, data privacy breaches, and misleading claims about decentralization. Critics highlight the project's mission shift and the possibility of governments adopting Worldcoin's technology.
4️⃣ Future Prospects:
Worldcoin's open-source roadmap focuses on decentralization, governance, and expansion to Solana. Plans include introducing on-chain credit scores and enabling users to create their own orbs.
While Worldcoin's ambitions are lofty, it faces significant hurdles that require careful management to achieve its goals.

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