Worldcoin ($WLD ) presents a promising opportunity for investors who prefer to buy and hold rather than engage in leveraged trading. To maximize potential gains, consider employing a dollar-cost averaging (DCA) strategy when purchasing on the spot market. While the price may dip to as low as $0.50, the upward potential is substantial, with projections reaching $5 to $10 in the long term. This asset holds immense promise for patient investors who are willing to accumulate steadily.
At its initial launch two years ago, Worldcoin was priced similarly to current levels, making this an attractive entry point. Interestingly, in Germany, the platform is offering an impressive โฌ40 referral reward for each friend invitedโa testament to the projectโs expansive growth efforts and significant incentives to drive adoption.
The price pressure on $WLD this year can be traced back to the collapse of FTX and Alameda Research, who were among the earliest backers of the project. Following FTXโs downfall and subsequent bankruptcy, these entities were forced to liquidate their Worldcoin holdings, contributing to the decline in market value. However, recent developments indicate that these large-scale sell-offs have now concluded, signaling a potential end to downward pressure on the price.
With these factors in mind, Worldcoin appears poised for a turnaround. This could be the ideal time to steadily accumulate in anticipation of its upward trajectory. As always, approach your investments with diligence and research.
