• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Worldcoin: WLD Price Drops 17% After a Surge

user avatar

by Giorgi Kostiuk

8 months ago


Worldcoin (WLD) surged 25% last week, fueled by the success of its World ID project, now spanning over 40 countries. However, the token saw a 17% drop, currently trading at $2.21.

Impact of Profit-Taking

As Bitcoin's price hit a new all-time high, other altcoins followed suit, including Worldcoin, which rose impressively to $2.88 last week. However, after reaching a three-month resistance level, Worldcoin began to decline. A key factor in this drop is that 97% of Worldcoin holders are in profit, signaling a potential market top as investors lock in gains.

Rising Selling Pressure

Another reason for the decline is that over 25% of Worldcoin's active addresses are in profit, prompting holders to sell and adding to the selling pressure, which dampens upward momentum.

Worldcoin's Global Popularity

Worldcoin, co-founded by Sam Altman, is expanding globally, recently launching in Costa Rica, Poland, and Austria. Despite some regulatory challenges in Spain, Germany, and South Korea, the project continues to attract both individual and institutional investors, with over 16 million users verified. Altman expressed optimism about the future of cryptocurrency.

Worldcoin is facing resistance at $2.48. If the decline continues, the next support levels are $2.00 and $1.74. WLD is currently trading around $2.23.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

BTC Bull Token set to launch while BlockDAG partners with Seattle Orcas

chest

The BTC Bull Token is preparing to launch, and BlockDAG has formed a significant partnership with Seattle Orcas, enhancing its market position.

user avatarGiorgi Kostiuk

GameSquare Acquires 1,818.84 ETH for $5 Million, Strengthening Its Position in the Crypto Industry

chest

GameSquare announces the purchase of 1,818.84 ETH for $5 million, highlighting the growing interest in corporate investments in digital assets.

user avatarGiorgi Kostiuk

Cosmos and Lightchain AI: Foundational Approaches to Blockchain Adoption

chest

Cosmos focuses on modular architecture and cross-chain solutions, while Lightchain AI drives real-world adoption through incentives.

user avatarGiorgi Kostiuk

Bitcoin Pepe and BlockDAG: Market Trend Analysis

chest

We compare Bitcoin Pepe and BlockDAG: short-term successes versus real infrastructure in the crypto industry.

user avatarGiorgi Kostiuk

Ruvi AI (RUVI): A New Cryptocurrency That Could Outperform Solana

chest

The development of the new cryptocurrency Ruvi AI (RUVI) attracts investors' attention due to its unique offerings and growth opportunities.

user avatarGiorgi Kostiuk

Bitcoin Sets New All-Time High, Sparkling Optimism in the Crypto Market

chest

Bitcoin has reached a record of $116,868, prompting active movement in the cryptocurrency market.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.