🧯$WLD : Continued signs of weakness !
Although Worldcoin's price nearly doubled from the bottom of early July, it still shows the main direction of its price is downward.
Whereas founders of the token lately decided that they will alter the unlock schedule of 80% of the token supply. From an initial plan having a 3 year period, it is extended to 5 years. But that's not helping too much.
I'd say the biggest selling pressure is coming from millions of already registered WorldID users who don't save their payouts. Instead, they are selling right away to buy essentials.
Price reached $3.23 on July 17. But today, only 6 days later, it fell again to the $2.20 levels. A decrease of 32%. That is very weak!
Be careful when investing in this. I wouldn't be surprised to see it going as low as $1 in the near future, simply because the selling pressure still seems so high and constant.
The overall market sentiment turned a little bearish after the big gains of last week. Stay cautious ✌️
Check my earlier post about worldcoin that I made a reference to. I was sharing some additional thoughts back then.
