Every altcoin has a standout feature, and for this one, it’s the global influence of its founder. Worldcoin (WLD), initiated by Sam Altman, emerged in the Web3 world with the motivation to verify real identities. Now, it is preparing for new lows due to the fluctuations in the BTC price.
Worldcoin (WLD)
Friday’s sales were challenging for everyone, and we witnessed significant support levels being tested. Today is the big day, and finally, the moment of truth will arrive. WLD Coin, which fell below the 200EMA, was one of the most shaken altcoins on Friday, experiencing a 21% drop in a single day’s candle.
Steps taken by artificial intelligence, especially OpenAI, have supported the price of WLD Coin due to Sam Altman. However, this also caused a certain degree of bubble formation in the price. While some investors waited for more good news and a rise, the BTC decline forced them to exit. This was not illogical.
WLD Coin Price Prediction
WLD Coin price is hovering around $3.69 and is below the key resistance level of $4.45. If the resistance area is reclaimed, we could see the continuation of medium-term bullish sentiment. However, closures below $3.69 could trigger another downward move towards $2.55. The outlook on the price front is largely clear.
Looking at the on-chain side, we can more clearly confirm investor interest. For example, the number of active addresses on the network was at 1963 in mid-May, which was a good number for WLD Coin. However, by June 9, this had dropped to 1267.
Between May 12 and June 12, the WLD Coin price fell by 34%, while active addresses decreased by 35%, returning to February levels, showing the correlation. In addition to the general market sentiment negativity, the lack of interest from investors was also a significant factor for WLD Coin.
In an optimistic scenario, $4.45 is regained, and the direction turns upward. For this, inflation data and the Fed statements coming in a few hours are of key importance. We also mentioned the risk of a drop to $2.55 above.
