{"id":546045,"date":"2023-08-07T17:00:50","date_gmt":"2023-08-07T17:00:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=546045"},"modified":"2024-06-11T14:39:21","modified_gmt":"2024-06-11T14:39:21","slug":"is-worldcoin-just-another-luna-crypto-influencer-reveals","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/is-worldcoin-just-another-luna-crypto-influencer-reveals\/","title":{"rendered":"Is Worldcoin Just Another LUNA? Crypto Influencer Reveals"},"content":{"rendered":"

Worldcoin (WLD) has recently emerged as a subject of fervent discussion especially due to its biometric data collection through retina scans. Its launch came in amid the growing interest in decentralized finance (DeFi) and blockchain technology as well as new tokens and projects constantly striving to stand out and make a significant impact.<\/span><\/p>\n

Among the voices guiding investors through the labyrinthine world of crypto is Jordi Alexander, a renowned crypto influencer and the chief alchemist of the Mantle Network. Recently, he stirred conversations<\/a> by drawing a parallel between Worldcoin and LUNA, though not entirely for auspicious reasons.<\/span><\/p>\n

Related Reading: Short-Lived Hype: Worldcoin (WLD) Signups Dwindle Less Than A Week After Launch<\/a><\/div>\n

According to the crypto influencer, Worldcoin might just be the next LUNA given some factors that comes with the token’s objective which makes it similar to\u00a0LUNA which was portrayed<\/a> as a “new digital currency” that needed to “maximize adoption in order to become useful.”<\/span><\/p>\n

\n

The most important thing you need to know about Worldcoin is that it aims to become a currency.<\/p>\n

An unbacked currency used for monetary transactions.<\/p>\n

A.K.A. base money. Sound familiar? pic.twitter.com\/9MdLAnqqEQ<\/a><\/p>\n

\u2014 Jordi Alexander (@gametheorizing) July 29, 2023<\/a><\/p><\/blockquote>\n

The Rise Of Worldcoin And Its Ambitions<\/span><\/h2>\n

Worldcoin<\/a>, under the vision of Sam Altman – the brains also behind ChatGPT, has made headlines with its mission. The Worldcoin Foundation envisions creating the largest decentralized identity and financial network on the globe.<\/span><\/p>\n

Central to this vision is Worldcoin\u2019s native token, WLD. For the project to be successful, WLD’s widespread adoption is imperative, as is its ability to service the “Orbs” used in the new user onboarding process via retina scans<\/a>.<\/span><\/p>\n

\n

Lets put aside the eyeball scanning weirdness.<\/p>\n

And the VC allocations and Market Maker deals, the ZK-proofs and the Low-float tokenomics.<\/p>\n

—-> The crypto-economics of Worldcoin are ill-considered and potentially very dangerous.<\/p>\n

Here’s why $WLD<\/a> might become the next $LUNA<\/a>– \ud83e\uddf5 pic.twitter.com\/0LTjJMGI8s<\/a><\/p>\n

\u2014 Jordi Alexander (@gametheorizing) July 29, 2023<\/a><\/p><\/blockquote>\n

In his discussion<\/a> on Crypto Banter, Alexander elaborated on Worldcoin’s goal to position WLD as an alternative to fiat currencies. Their agenda to become a digital base currency mimics the aspirations that LUNA once held. <\/span><\/p>\n

The gravity of this comparison is substantial, especially when considering LUNA’s precipitous fall from grace due to financial challenges.<\/span><\/p>\n

Trillion-Dollar Bubble In The Making?<\/span><\/h2>\n

While drawing parallels with LUNA, Alexander’s intent wasn\u2019t to prophesize an equivalent success for Worldcoin<\/a> but rather to signal the risks of potential downfall. A primary concern\u00a0<\/span>centers around the controversial methods that Worldcoin employs, notably, collecting biometric data through retina scans.<\/span><\/p>\n

The rapid appreciation of WLD\u2019s value<\/a> further compounds these concerns. Since its inception just over a week ago, the token’s value has surged significantly from $0.1 to as high as trading above $5. This growth has inevitably attracted a slew of investors, catapulting its market capitalization to more than $200 million.<\/span><\/p>\n

Related Reading: Why Worldcoin (WLD) And PEPE Dominate The Crypto Market Trends This Week<\/a><\/div>\n

It’s this velocity of growth, coupled with Worldcoin’s overarching ambition, that leads Alexander to opine that the cryptocurrency might be veering into “bubble” territory. He even suggested the possibility of it snowballing into a trillion-dollar bubble if unchecked. <\/span>\"Worldcoin<\/p>\n

Worldcoin (WLD) price is moving sideways on the 4-hour chart. Source: WLD\/USDT on TradingView.com<\/a><\/p>\n

Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Worldcoin (WLD) has recently emerged as a subject of fervent discussion especially due to its biometric data collection through retina scans. Its launch came in amid the growing interest in decentralized finance (DeFi) and blockchain technology as well as new tokens and projects constantly striving to stand out and make a significant impact. Among the voices guiding investors through the labyrinthine world of crypto is Jordi Alexander, a renowned crypto influencer and the chief alchemist of the Mantle Network. Recently, he stirred conversations by drawing a parallel between Worldcoin and LUNA, though not entirely for auspicious reasons. Related Reading: Short-Lived Hype: Worldcoin (WLD) Signups Dwindle Less Than A Week After Launch According to the crypto influencer, Worldcoin might just be the next LUNA given some factors that comes with the token’s objective which makes it similar to\u00a0LUNA which was portrayed as a “new digital currency” that needed to “maximize adoption in order to become useful.” The most important thing you need to know about Worldcoin is that it aims to become a currency. An unbacked currency used for monetary transactions. A.K.A. base money. Sound familiar? pic.twitter.com\/9MdLAnqqEQ \u2014 Jordi Alexander (@gametheorizing) July 29, 2023 The Rise Of Worldcoin And Its Ambitions Worldcoin, under the vision of Sam Altman – the brains also behind ChatGPT, has made headlines with its mission. The Worldcoin Foundation envisions creating the largest decentralized identity and financial network on the globe. Central to this vision is Worldcoin\u2019s native token, WLD. For the project to be successful, WLD’s widespread adoption is imperative, as is its ability to service the “Orbs” used in the new user onboarding process via retina scans. Lets put aside the eyeball scanning weirdness. And the VC allocations and Market Maker deals, the ZK-proofs and the Low-float tokenomics. —-> The crypto-economics of Worldcoin are ill-considered and potentially very dangerous. Here’s why $WLD might become the next $LUNA– \ud83e\uddf5 pic.twitter.com\/0LTjJMGI8s \u2014 Jordi Alexander (@gametheorizing) July 29, 2023 In his discussion on Crypto Banter, Alexander elaborated on Worldcoin’s goal to position WLD as an alternative to fiat currencies. Their agenda to become a digital base currency mimics the aspirations that LUNA once held. The gravity of this comparison is substantial, especially when considering LUNA’s precipitous fall from grace due to financial challenges. Trillion-Dollar Bubble In The Making? While drawing parallels with LUNA, Alexander’s intent wasn\u2019t to prophesize an equivalent success for Worldcoin but rather to signal the risks of potential downfall. A primary concern\u00a0centers around the controversial methods that Worldcoin employs, notably, collecting biometric data through retina scans. The rapid appreciation of WLD\u2019s value further compounds these concerns. Since its inception just over a week ago, the token’s value has surged significantly from $0.1 to as high as trading above $5. This growth has inevitably attracted a slew of investors, catapulting its market capitalization to more than $200 million. Related Reading: Why Worldcoin (WLD) And PEPE Dominate The Crypto Market Trends This Week It’s this velocity of growth, coupled with Worldcoin’s overarching ambition, that leads Alexander to opine that the cryptocurrency might be veering into “bubble” territory. He even suggested the possibility of it snowballing into a trillion-dollar bubble if unchecked. Worldcoin (WLD) price is moving sideways on the 4-hour chart. Source: WLD\/USDT on TradingView.com Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":546064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,6664,83641,88730,83778],"class_list":["post-546045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-crypto","tag-luna","tag-wldusdt","tag-worldcoin"],"acf":[],"yoast_head":"\nIs Worldcoin Just Another LUNA? 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Is Worldcoin Just Another LUNA? Crypto Influencer Reveals","url":"http:\/\/uniquehot.com\/news\/is-worldcoin-just-another-luna-crypto-influencer-reveals\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/is-worldcoin-just-another-luna-crypto-influencer-reveals\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/a-12-750x536-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/a-12-750x536-1.jpg?fit=750%2C536"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto","luna","wldusdt","worldcoin"],"dateCreated":"2023-08-07T17:00:50Z","datePublished":"2023-08-07T17:00:50Z","dateModified":"2024-06-11T14:39:21Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Is Worldcoin Just Another LUNA? 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