Worldcoin ($WLD) Crypto Forecast: Down 5.1% Today

What is Worldcoin?

Worldcoin (WLD) is a cryptocurrency token that has been experiencing a bearish market movement today.

Why is Worldcoin going down?

WLD crypto is down 5.1% on Nov 4, 2024 21:25

• The rejection at $2.1 for Worldcoin has sparked concerns of a prolonged downtrend, indicating strong resistance at that level.
• Speculations suggest $3.50 could be the next stop for Worldcoin, hinting at a potential further downward trend.
• World Chain's plans for Ethereum Layer 2 expansion and a speculated price target of $10 provide a sense of optimism amidst the current bearish sentiment surrounding Worldcoin.
• Trump's crypto token offering with minimal US participation might be drawing attention and investment away from Worldcoin, affecting its market performance negatively.

WLD Price Chart

WLD Technical Analysis

WLD News

Is $3.50 the Next Stop for Worldcoin? Market Experts Weigh In & A.I Social Dating Platform GoodEgg Attracts Worldcoin Whale To The Presale

Is $3.50 the Next Stop for Worldcoin? Market Experts Weigh In & A.I Social Dating Platform GoodEgg Attracts Worldcoin Whale To The Presale

https://coinpedia.org/press-release/social-dating-platform-goodegg-attracts-worldcoin-whale-to-presale/

Trump’s Crypto Token Offering: $300 Million Goal With Minimal US Participation – Details

Trump’s Crypto Token Offering: $300 Million Goal With Minimal US Participation – Details

https://www.newsbtc.com/news/trumps-crypto-token-offering-300-million-goal-with-minimal-us-participation-details/

Solana Q3 Digest: Total Value Locked Hits $5.7 Billion, Ranks Third Among Networks

Solana Q3 Digest: Total Value Locked Hits $5.7 Billion, Ranks Third Among Networks

https://www.newsbtc.com/news/solana/solana-q3-digest-total-value-locked-hits-5-7-billion-ranks-third-among-networks/

Worldcoin Rejection At $2.1 Sparks Concerns Of Prolonged Downtrend

Worldcoin Rejection At $2.1 Sparks Concerns Of Prolonged Downtrend

https://www.newsbtc.com/worldcoin/worldcoin-rejection-faces-at-2-1/

World Chain Eyes Ethereum Layer 2 Expansion With New Integration, WLD Price To $10?

World Chain Eyes Ethereum Layer 2 Expansion With New Integration, WLD Price To $10?

https://coingape.com/world-chain-eyes-ethereum-layer-2-expansion-with-new-integration-wld-price-to-10/

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Worldcoin Price History

30.09.2024 - WLD Crypto was down 5.6%

• A significant sell-off of $3.46M worth of WLD is likely a contributing factor to the bearish pressure on the token.
• Positive sentiment towards Dogecoin (DOGE) and other cryptocurrencies with bullish trends may have diverted investor attention from WLD.
• The unlocking of over $1.5 billion in various tokens this week might have prompted profit-taking behavior, negatively impacting WLD's price.
• Despite a rebound from a key demand zone, market uncertainty could be causing investors to remain cautious, leading to the bearish movement of WLD.

30.09.2024 - WLD Crypto was down 5.9%

• WLD faced a strong bearish movement today, possibly influenced by significant sell-off of WLD by a prominent entity, causing downward pressure on the token's price.
• The news of a privacy-focused project securing a large funding round may have diverted investor attention away from WLD, impacting its price negatively.
• The overall bearish sentiment in the cryptocurrency market, despite some tokens showing bullish trends, could have contributed to WLD's downward movement.
• With over $1.5 billion in tokens set for unlocking this week, investors might be reallocating their funds, leading to selling pressure on WLD, along with other tokens like TIA, SUI, and SOL.

28.09.2024 - WLD Crypto was down 5.1%

• The release of over $1.5 billion in tokens from different projects might have caused a rise in selling activity across the cryptocurrency market, impacting WLD.
• The decline in price and diminishing investor trust in Worldcoin could be linked to the downward trend as investors responded to financial losses.
• The considerable decrease in profits for Worldcoin investors due to an 18% price drop likely intensified the selling pressure on WLD.
• The strong market performance and positive capital flow witnessed by Dogecoin could have redirected investor attention from WLD, amplifying its bearish movement.

25.09.2024 - WLD Crypto was down 5.2%

• The bearish movement in Worldcoin (WLD) today could be attributed to profit-taking by short-term traders following a recent surge in price.
• The news about Dogecoin (DOGE) recording its first net inflow in days and the potential price drop due to long-term holders could have shifted investor focus away from Worldcoin temporarily.
• The unveiling of a new Layer-2 network by Worldcoin amidst the surge in Pepe Unchained's presale might have created some uncertainty in the market, leading to a sell-off in WLD.
• Traders speculating on Worldcoin rallying to $3.2 might have faced disappointment today, contributing to the bearish market movement.

25.09.2024 - WLD Crypto was down 7.0%

• The bearish movement in Worldcoin (WLD) today could be attributed to profit-taking by short-term traders following a recent surge in its price.
• Long-term holders potentially triggering a price drop may have created a negative sentiment towards cryptocurrencies in general, impacting Worldcoin as well.
• The unveiling of Worldcoin's new Layer-2 network could have initially sparked interest, but the market reaction might have been overshadowed by profit-taking and broader market trends.
• The unlocking of over $400 million in various crypto tokens this week, including Worldcoin, could have added selling pressure to the market, contributing to the bearish movement in Worldcoin today.

25.09.2024 - WLD Crypto was down 5.5%

• The decline in WLD's value may be linked to rumors about Dogecoin's long-term holders causing a decrease in market sentiment.
• Though the introduction of Worldcoin's new Layer-2 network and its rebranding to "World" with significant project updates initially generated excitement, it ultimately resulted in profit-taking and a downward trend in WLD.
• The release of more than $400 million in coins this week, including Worldcoin, likely prompted selling pressure on WLD as investors diversified their holdings.
• The substantial growth of Pepe Unchained, surpassing $21M in presale, might have drawn attention and funds away from WLD, further influencing its decline.

02.10.2024 - WLD Crypto was down 5.3%

• The rejection of WLD at $2.1 has sparked concerns of a prolonged downtrend, indicating strong resistance at this level.
• Despite the potential for expansion with an integration on Ethereum Layer 2, the current market sentiment seems to be bearish, possibly due to profit-taking or lack of significant positive catalysts.
• The significant sell-off of $3.46M WLD by Alameda Research could have contributed to the downward pressure on the token's price.
• The funding secured by the privacy-focused project Nillion led by Hack VC may have diverted investor attention away from WLD, impacting its price negatively amidst the ongoing Bitcoin season.

21.09.2024 - WLD Crypto was down 5.6%

• The downward movement of WLD today might be due to investors taking profits following a period of significant increases.
• The introduction of a new Layer-2 network by Worldcoin initially generated enthusiasm but failed to maintain positive momentum, resulting in a sell-off.
• The rebranding of Worldcoin to "World" and the release of new project updates may have caused uncertainty among investors, prompting some to sell their holdings.
• The release of over $400 million in coins this week among various crypto tokens could have also added to the selling pressure on WLD as traders diversified their portfolios.

29.09.2024 - WLD Crypto was up 5.5%

• WLD had a strong bullish movement today, possibly fueled by the rebound from a key demand zone.
• The positive sentiment in the overall cryptocurrency market, as seen in the strong bullish movement of Dogecoin (DOGE), could have also contributed to WLD's upward trend.
• The news of over $1.5 billion in tokens unlocking this week might have created a positive market sentiment, benefiting WLD as well.
• Despite the recent price drop and erosion of investor confidence in Worldcoin, the bullish movement today could be a sign of a potential recovery in the token's value.

03.10.2024 - WLD Crypto was down 6.1%

• WLD encountered resistance at $2.1, raising concerns about a potential prolonged decline. This price level acted as a catalyst for selling pressure among traders.
• Speculation surrounding World Chain's expansion on Ethereum Layer 2, along with discussions about a target price of $10, may have set unrealistic expectations. The failure to meet these targets likely resulted in disappointment among investors.
• The downward trend in WLD's value could also be impacted by broader market trends. Investors are possibly shifting their focus to more established cryptocurrencies, such as Bitcoin, which could be affecting the performance of smaller tokens like WLD.

03.10.2024 - WLD Crypto was down 6.6%

• WLD witnessed a significant bearish movement today, leading to concerns about a potential prolonged downtrend after encountering resistance at $2.1, indicating a lack of bullish momentum.
• Despite the news about World Chain's potential Ethereum Layer 2 expansion and speculations of WLD's price reaching $10, the token's performance did not see a positive impact, hinting at current trends having a stronger influence on market sentiment than future possibilities.
• The increasing prominence of Solana, ranking third among networks with a Total Value Locked of $5.7 billion, could have shifted investor focus away from WLD, contributing to its bearish trend.
• The recent funding secured by privacy-focused project Nillion, backed by Hack VC, underscores the competitive landscape in the cryptocurrency market, where tokens must differentiate themselves to attract investors, potentially leaving tokens like WLD susceptible to market fluctuations.

04.10.2024 - WLD Crypto was down 5.1%

• The rejection at $2.1 for Worldcoin has sparked concerns of a prolonged downtrend, indicating strong resistance at that level.
• Speculations suggest $3.50 could be the next stop for Worldcoin, hinting at a potential further downward trend.
• World Chain's plans for Ethereum Layer 2 expansion and a speculated price target of $10 provide a sense of optimism amidst the current bearish sentiment surrounding Worldcoin.
• Trump's crypto token offering with minimal US participation might be drawing attention and investment away from Worldcoin, affecting its market performance negatively.