Worldcoin ($WLD) Crypto Forecast: Down 5.6% Today

What is Worldcoin?

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

Why is Worldcoin going down?

WLD crypto is down 5.6% on Nov 22, 2024 14:05

• The bearish movement of WLD could be attributed to the World Network requiring a $100 deposit from users to access its orbs, potentially leading to a decrease in demand for WLD.
• Additionally, the announcement of a new spot trading exchange by Crypto Intelligence Platform Arkham in the US may have diverted investor attention away from WLD, impacting its price negatively.
• The surge in RENDER price and the launch of a new digital identity platform to compete with Worldcoin could have also contributed to the bearish sentiment surrounding WLD, as investors may be exploring other options in the cryptocurrency market.

WLD Price Chart

WLD Technical Analysis

WLD News

World Network wants $100 deposit from users to work its orbs

World Network wants $100 deposit from users to work its orbs

https://protos.com/world-network-wants-100-deposit-from-users-to-work-its-orbs/

Crypto Intelligence Platform Arkham Announces New Spot Trading Exchange Coming to US

Crypto Intelligence Platform Arkham Announces New Spot Trading Exchange Coming to US

https://dailyhodl.com/2024/11/20/crypto-intelligence-platform-arkham-announces-new-spot-trading-exchange-coming-to-us/

RENDER Price Surges 48% In One Month, But Whale Activity and Trends Raise Doubts

RENDER Price Surges 48% In One Month, But Whale Activity and Trends Raise Doubts

https://beincrypto.com/render-price-surges-whales-doubts/

The Protocol: ENS on Bitcoin; Worldcoin, Without the Eyeballs

The Protocol: ENS on Bitcoin; Worldcoin, Without the Eyeballs

https://www.coindesk.com/tech/2024/11/20/the-protocol-ens-on-bitcoin-worldcoin-without-the-eyeballs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

New Digital Identity Y Platfrom Will Be Launched To Compete With Worldcoin

New Digital Identity Y Platfrom Will Be Launched To Compete With Worldcoin

https://coincu.com/292782-new-upcoming-digital-identity-y-platfrom/

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Worldcoin Price History

18.10.2024 - WLD Crypto was up 5.1%

• A new digital identity platform has been launched recently, potentially driving positive sentiment and interest in WLD as it competes with Worldcoin.
• The intention of Lido co-founders to create a competitor to Sam Altman's World Network could have stimulated a spirit of competition and progress, benefiting WLD.
• Notable amounts of WLD have been transferred from the 100 largest wallets to exchanges, indicating heightened trading volume and liquidity, supporting the uptrend.
• FET price struggles in comparison to AI crypto competitors may have steered focus and investment towards WLD, causing a surge in its price.

15.10.2024 - WLD Crypto was down 5.0%

• WLD faced a significant bearish movement of 17% after encountering a major resistance barrier, indicating strong selling pressure.
• The profit-taking pressure on WLD at a 3-month barrier suggests that investors may have decided to cash in on previous gains, leading to the price stall.
• The struggles of WLD to keep up with AI crypto rivals might have contributed to the bearish movement as investors may have shifted their focus to more promising projects in the market.
• The bullish momentum of Render (RNDR) amidst growing social dominance could have diverted attention and investment away from WLD, impacting its price negatively.

21.10.2024 - WLD Crypto was down 5.1%

• The bearish movement of WLD could be linked to the negative sentiment surrounding the cryptocurrency market overall.
• A new spot trading exchange set to arrive in the US by Arkham might have shifted focus and investments away from WLD.
• Uncertainty stemming from whale activity and trends in RENDER's price surge could have contributed to doubts in the broader cryptocurrency market, impacting WLD adversely.
• The forthcoming introduction of a new digital identity platform rivaling Worldcoin, along with a potential competitor to Sam Altman's World Network by Lido Co-Founders, could have intensified bearish pressure on WLD as investors contemplate their positions amid heightened competition and market saturation.

22.10.2024 - WLD Crypto was down 5.6%

• The bearish movement of WLD could be attributed to the World Network requiring a $100 deposit from users to access its orbs, potentially leading to a decrease in demand for WLD.
• Additionally, the announcement of a new spot trading exchange by Crypto Intelligence Platform Arkham in the US may have diverted investor attention away from WLD, impacting its price negatively.
• The surge in RENDER price and the launch of a new digital identity platform to compete with Worldcoin could have also contributed to the bearish sentiment surrounding WLD, as investors may be exploring other options in the cryptocurrency market.

13.10.2024 - WLD Crypto was down 14.4%

• Worldcoin (WLD) faced strong downward movement despite positive trends in the broader cryptocurrency market.
• Other cryptocurrencies like Render (RNDR) saw gains, while the launch of Lisk's Mainnet and Airdrop campaign may have drawn focus away from Worldcoin.
• The absence of specific positive updates or progress related to Worldcoin likely played a role in its decline.
• Although Sam Altman expressed positivity about the future of cryptocurrency, this sentiment may not have directly influenced Worldcoin's current performance, which is more likely steered by its internal advancements and market dynamics.

13.10.2024 - WLD Crypto was down 9.1%

• Worldcoin's value fell by 17% following a key resistance level breach, signaling a notable increase in selling activity.
• The currency's price stagnation near a 3-month high indicated that investors were capitalizing on gains, prompting the downward trend.
• Despite positive developments such as Render (RNDR) gaining momentum and Lisk launching its mainnet and airdrop campaign, Worldcoin failed to see a corresponding boost in value.
• The prevailing market sentiment, highlighted by price updates of various cryptocurrencies like SHIB, DOGE, BTC, ETH, BONK, and XRP, likely influenced the decline of Worldcoin, with investors potentially diverting their attention to other assets.

20.10.2024 - WLD Crypto was down 9.2%

• The bearish movement in WLD today could be attributed to the emergence of new digital identity platforms and competitors in the market.
• The transfer of a significant amount of WLD from the 100 largest wallets to exchanges might have caused selling pressure on the token, leading to the bearish movement.
• Speculation around co-founders of Lido plotting a competitor to Sam Altman's World Network could have raised concerns among investors about potential competition and market share loss for Worldcoin.
• Additionally, the overall uncertainty and volatility in the crypto market due to upcoming US economic events could have also contributed to the bearish movement in WLD today.

20.10.2024 - WLD Crypto was down 5.5%

• An increase of 48% in RENDER's price over the last month might have shifted investor focus away from WLD, resulting in a selling pressure.
• The introduction of a new digital identity platform as a potential rival to Worldcoin may have raised doubts about WLD's future adoption and usefulness.
• The intentions of Lido co-founders to establish a competitor to Sam Altman's World Network could have introduced uncertainty among investors, influencing WLD's price negatively.
• Pending US economic events impacting the crypto market this week may have sparked a risk-averse attitude, leading to a decline in WLD's value as investors search for safer assets.

16.10.2024 - WLD Crypto was up 6.3%

• The transfer of WLD worth $2.3M from Worldcoin's 100 largest wallets to exchanges could indicate profit-taking or a shift in investment strategy, potentially leading to increased selling pressure.
• The price struggles of FET, an AI crypto rival, could be diverting investor attention away from WLD, impacting its price movement.
• The 17% price drop after hitting a major resistance barrier and stalling at a 3-month barrier amid profit-taking pressure suggests that WLD may be facing strong selling pressure and struggling to maintain its bullish momentum.
• The bullish momentum of Render (RNDR) amid growing social dominance could be drawing investors away from WLD, contributing to its price drop.

12.10.2024 - WLD Crypto was up 5.8%

• The recent launch of Lisk's Mainnet and Airdrop campaign is speculated to have had a positive impact on the cryptocurrency market sentiment, particularly increasing interest in tokens like Worldcoin.
• Positive remarks from Sam Altman regarding the future of cryptocurrency may have further instilled confidence in innovative projects such as Worldcoin among investors.
• Favorable price movements of leading cryptocurrencies like BTC and ETH have contributed to a bullish market atmosphere, playing a role in Worldcoin's substantial 50% price surge.
• Market anticipation for Worldcoin to potentially surpass the $2.5 mark within a week signifies the escalating excitement and optimism surrounding the token, propelling its upward trajectory.

12.10.2024 - WLD Crypto was up 11.7%

• Worldcoin (WLD) spiked by over 50% as a result of its expansion into international markets, catching the eye of investors and driving up demand.
• Positive remarks made by Sam Altman on the future of cryptocurrency may have influenced the optimistic outlook on Worldcoin and the wider market.
• The announcement of Worldcoin's price surge after expanding its global ID verification to 40 countries likely enhanced confidence among investors in the token's functionality and adoption.
• There are concerns raised by Chilean authorities regarding Worldcoin's pilot program involving domiciliary eye scanning, which could potentially pose regulatory challenges in the future and impact the token's price stability.

12.10.2024 - WLD Crypto was up 11.7%

• WLD experienced a strong bullish movement today, likely fueled by its global expansion efforts and the positive sentiment surrounding the cryptocurrency market.
• The surge of over 50% in Worldcoin's price and the expansion of its ID verification system to 40 countries have likely attracted investors seeking growth opportunities in the crypto space.
• An optimistic outlook on the future of cryptocurrency from an influential figure may have also contributed to the positive momentum of WLD, aligning with the overall bullish sentiment in the market.
• With Worldcoin's price increase and the potential breakthrough of the $2.5 threshold, investors are closely monitoring to observe if the bullish trend will persist in the upcoming days.