Hello everyone, I am Lei Gong. Today I will learn about the huge selling pressure of WLD and how those of us who hold spot goods should choose to stay or go.
First of all, Worldcoin (WLD) is an open source protocol designed to help everyone participate in the global economy. It consists of World ID (a privacy-preserving digital identity), Worldcoin token (a token distributed to people for free worldwide), and World App (a fully self-hosted application that supports global payments, purchases, and transfers). WLD is a native utility token with governance attributes.
WLD coin price development history
It will be launched on the exchange on July 24, 2023. The price dropped from 5.29 to 0.97, which is nearly 4-5 times the price. Basically, most people can’t stand it.
After hitting a new low of 0.97 on September 12, 2023, it began to rise until March 9, 2024, a rise of more than 12 times in 177 days, with the highest price of 11.97
From the highest point on March 9, 2024 to the current July 1, the coin price is 2.43, which is a retracement of nearly 5-6 times.......
Judging from the above price development, WLD's market makers are still very strong, and the market washing and pulling are fierce enough. Next, let's take a look at the basic situation of its currency price. $WLD
Total amount is 10 billion, and currently 258 million are in circulation. After July 24, 20 million worth of WLD will be released every day. Currently, Binance's 24-hour trading volume is 59 million. Can the market take up the huge selling pressure? In fact, unlocking seems to be bad news, and it may become an opportunity for project parties and market makers to ship goods. Often, unlocking will first pull up and then ship goods. If the price keeps falling and shipping, it is definitely not what the dealer wants to see. The smartest way to ship goods is to pull up and ship at the same time.
Operation suggestion: At the current price of 2.43, you can arrange one lot in batches. In the short term, it is the bottom position of 90%. The stop loss is 2u. The target is between 3-5. After all, the public chain will be launched in July and August. The market maker will definitely cooperate with the project party to push up the price and sell. Then you can follow the main force to sell! #WLD #非农就业数据即将公布 #币安合约锦标赛
Leave a comment in the comment section. What do you think about WLD releasing 20 million US dollars every day?
