{"id":627844,"date":"2024-07-04T20:00:01","date_gmt":"2024-07-04T20:00:01","guid":{"rendered":"https:\/\/uniquehot.com\/?p=627844"},"modified":"2024-07-10T04:19:57","modified_gmt":"2024-07-10T04:19:57","slug":"worldcoin-sentiment-improves-but-march-highs-remain-a-distant-dream","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/worldcoin-sentiment-improves-but-march-highs-remain-a-distant-dream\/","title":{"rendered":"Worldcoin Sentiment Improves, But March Highs Remain A Distant Dream"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:97\">Throughout the last few months, Worldcoin (WLD) has seen extreme volatility. The currency went into a downward spiral after reaching an all-time high of around $12 in March, falling more than 60% in the last three months. Investor anxiety has increased as a result of this sharp decline, with rumours of profit-taking and regulatory issues around the struggling cryptocurrency.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum-dapps-on-fire-volume-soars-over-90-good-for-eth-price\/\" target=\"_blank\" rel=\"noopener \">Ethereum DApps On Fire: Volume Soars Over 90% \u2014 Good For ETH Price?<\/a><\/div>\n<p data-sourcepos=\"5:1-5:112\"><span id=\"input-sentence~1\">But a recent price increase points to the token driving the digital identification application perhaps making a comeback. WLD is currently trading at $2.27, a little increase from its November 2023 lows but still a noteworthy one.<\/span><span id=\"input-sentence~2\"> Although experts are cautiously hopeful about this rising trend, a number of factors might influence whether WLD retraces its steps or bounces back.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_627846\" aria-describedby=\"caption-attachment-627846\" style=\"width: 692px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-627846 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_d297e5.png?resize=692%2C342\" alt=\"\" width=\"692\" height=\"342\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_d297e5.png?w=692 692w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_d297e5.png?w=460 460w\" sizes=\"(max-width: 692px) 100vw, 692px\"><figcaption id=\"caption-attachment-627846\" class=\"wp-caption-text\">WLD price down in the last 24 hours. Source: Coingecko<\/figcaption><\/figure>\n<h2 data-sourcepos=\"7:1-7:44\"><strong>From Gloom To Hope: A Shift In Sentiment<\/strong><\/h2>\n<p data-sourcepos=\"9:1-9:261\"><span id=\"input-sentence~2\">The mood around Worldcoin on social media is intriguing.<\/span><span id=\"input-sentence~3\"> A month ago, the &#8220;Weighted Sentiment&#8221; statistic showed a rather bleak view, and negativity dominated the internet debate. The precipitous drop in price, which made many doubt the project&#8217;s viability, was probably the cause of this hostility.<br \/>\n<\/span><\/p>\n<p data-sourcepos=\"9:1-9:261\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-627845\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_cc03c3.png?resize=1024%2C496\" alt=\"\" width=\"1024\" height=\"496\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_cc03c3.png?w=1602 1602w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_cc03c3.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_cc03c3.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_cc03c3.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_cc03c3.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_cc03c3.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_cc03c3.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p data-sourcepos=\"11:1-11:411\"><span id=\"input-sentence~3\">But there&#8217;s been a recent change in attitude.<\/span><span id=\"input-sentence~4\"> Now that the negativity has faded, cautious optimism has taken its place. There&#8217;s now a &#8220;wait and see&#8221; attitude in online conversation, with some investors showing fresh interest in the project. This optimistic outlook may be essential to WLD&#8217;s possible recovery.<\/span><span id=\"input-sentence~5\"> A positive online community may result in more people wanting to purchase the token, which would raise its price.<br \/>\n<\/span><\/p>\n<p data-sourcepos=\"13:1-13:440\"><span id=\"input-sentence~5\">There are several reasons for this change in mood. First off, there&#8217;s no denying that the recent price hike has raised spirits.<\/span><span id=\"input-sentence~6\"> Observing a token emerge from the depths and resurrect itself gives investors hope and motivates them to hang onto their investments.<br \/>\n<\/span><\/p>\n<p data-sourcepos=\"13:1-13:440\"><span id=\"input-sentence~6\">Second, astute investors may view the oversold signal from the Relative Strength Index (RSI) as a buying opportunity, adding to the optimistic chatter.<\/span><span id=\"input-sentence~7\"><br \/>\n<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/thOHo1Ow\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">WLD is currently trading at $2.27. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h2 data-sourcepos=\"15:1-15:53\"><strong>Bulls Charge Ahead, But Can They Stay The Course?<\/strong><\/h2>\n<p data-sourcepos=\"17:1-17:190\"><span id=\"input-sentence~7\">The behaviour of &#8220;whales,&#8221; or wealthy investors who have tremendous influence over a token&#8217;s price, is another intriguing trend. The Bulls and Bears Indicator shows that these whales are buying more than they are selling.<\/span><span id=\"input-sentence~8\"> This shows that investors are once again confident in WLD&#8217;s future, and if the purchasing pressure keeps up, the token may soon reach the much sought $3 level.<br \/>\n<\/span><\/p>\n<p data-sourcepos=\"19:1-19:384\"><span id=\"input-sentence~8\">But there can be obstacles in the way. Even though the RSI is showing a good balance right now, it might return to overbought zone.<\/span><span id=\"input-sentence~9\"> This would indicate a possible pullback, resulting in a brief decline if investors who purchased at cheaper levels cashed out. In addition, the recent gains might be rapidly erased if the bulls lose momentum and selling pressure increases.<br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin-examined-these-critical-points-are-very-bad-for-btc-analyst-says\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Examined: These Critical Points Are \u2018Very Bad\u2019 For BTC, Analyst Says<\/a><\/div>\n<h3 class=\"\" data-sourcepos=\"21:1-21:56\"><strong>Worldcoin Price Forecast: A Bullish Long-Term View<\/strong><\/h3>\n<p data-sourcepos=\"23:1-23:333\"><span id=\"input-sentence~9\">Several price prediction models provide an insight into WLD&#8217;s long-term prospects, extending beyond the near future.<\/span><span id=\"input-sentence~10\"> According to one such forecast, the price might rise by 48% during the following seven days, to $3.56. The viability of this short-term forecast depends on ongoing purchasing pressure and a balanced distribution of bulls and bears.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_627850\" aria-describedby=\"caption-attachment-627850\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-627850 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_779b43.png?resize=1024%2C278\" alt=\"\" width=\"1024\" height=\"278\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_779b43.png?w=1358 1358w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_779b43.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_779b43.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_779b43.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_779b43.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/A_779b43.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-627850\" class=\"wp-caption-text\">WLD price forecast. Source: <a href=\"https:\/\/coincheckup.com\/coins\/worldcoin-org\/predictions\" target=\"_blank\" rel=\"noopener nofollow\">CoinCheck<\/a><\/figcaption><\/figure>\n<p data-sourcepos=\"25:1-25:99\"><span id=\"input-sentence~11\">The long-term picture seems much more optimistic. In a year, some economists forecast a price of $6.41, which would be a substantial rise over the current levels. This upbeat assessment is probably based on the Worldcoin identification application&#8217;s ongoing development and probable mass adoption.<\/span><span id=\"input-sentence~12\"><\/p>\n<p>Though the future is still unknown, there is some optimism because to the recent advancements made in the field of WLD. The beleaguered coin is looking cautiously hopeful thanks to a good shift in attitude, increasing buying activity, and a possibly bullish long-term prognosis.<\/span><\/p>\n<p data-sourcepos=\"27:1-27:571\"><em>Featured image from X\/@worldcoin, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Throughout the last few months, Worldcoin (WLD) has seen extreme volatility. The currency went into a downward spiral after reaching an all-time high of around $12 in March, falling more than 60% in the last three months. Investor anxiety has increased as a result of this sharp decline, with rumours of profit-taking and regulatory issues around the struggling cryptocurrency. Related Reading: Ethereum DApps On Fire: Volume Soars Over 90% \u2014 Good For ETH Price? But a recent price increase points to the token driving the digital identification application perhaps making a comeback. WLD is currently trading at $2.27, a little increase from its November 2023 lows but still a noteworthy one. Although experts are cautiously hopeful about this rising trend, a number of factors might influence whether WLD retraces its steps or bounces back. From Gloom To Hope: A Shift In Sentiment The mood around Worldcoin on social media is intriguing. A month ago, the &#8220;Weighted Sentiment&#8221; statistic showed a rather bleak view, and negativity dominated the internet debate. The precipitous drop in price, which made many doubt the project&#8217;s viability, was probably the cause of this hostility. But there&#8217;s been a recent change in attitude. Now that the negativity has faded, cautious optimism has taken its place. There&#8217;s now a &#8220;wait and see&#8221; attitude in online conversation, with some investors showing fresh interest in the project. This optimistic outlook may be essential to WLD&#8217;s possible recovery. A positive online community may result in more people wanting to purchase the token, which would raise its price. There are several reasons for this change in mood. First off, there&#8217;s no denying that the recent price hike has raised spirits. Observing a token emerge from the depths and resurrect itself gives investors hope and motivates them to hang onto their investments. Second, astute investors may view the oversold signal from the Relative Strength Index (RSI) as a buying opportunity, adding to the optimistic chatter. Bulls Charge Ahead, But Can They Stay The Course? The behaviour of &#8220;whales,&#8221; or wealthy investors who have tremendous influence over a token&#8217;s price, is another intriguing trend. The Bulls and Bears Indicator shows that these whales are buying more than they are selling. This shows that investors are once again confident in WLD&#8217;s future, and if the purchasing pressure keeps up, the token may soon reach the much sought $3 level. But there can be obstacles in the way. Even though the RSI is showing a good balance right now, it might return to overbought zone. This would indicate a possible pullback, resulting in a brief decline if investors who purchased at cheaper levels cashed out. In addition, the recent gains might be rapidly erased if the bulls lose momentum and selling pressure increases. Related Reading: Bitcoin Examined: These Critical Points Are \u2018Very Bad\u2019 For BTC, Analyst Says Worldcoin Price Forecast: A Bullish Long-Term View Several price prediction models provide an insight into WLD&#8217;s long-term prospects, extending beyond the near future. According to one such forecast, the price might rise by 48% during the following seven days, to $3.56. The viability of this short-term forecast depends on ongoing purchasing pressure and a balanced distribution of bulls and bears. The long-term picture seems much more optimistic. In a year, some economists forecast a price of $6.41, which would be a substantial rise over the current levels. This upbeat assessment is probably based on the Worldcoin identification application&#8217;s ongoing development and probable mass adoption. Though the future is still unknown, there is some optimism because to the recent advancements made in the field of WLD. The beleaguered coin is looking cautiously hopeful thanks to a good shift in attitude, increasing buying activity, and a possibly bullish long-term prognosis. Featured image from X\/@worldcoin, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":627872,"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":[142,6664,88164,88685,83778],"class_list":["post-627844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-memecoins","tag-wld","tag-worldcoin"],"acf":[],"yoast_head":"\n<title>Worldcoin Sentiment Improves, But March Highs Remain a Distant Dream<\/title>\n<meta name=\"description\" content=\"Throughout the last few months, Worldcoin (WLD) has seen extreme volatility. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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