Optimistic Outlook for Worldcoin Token Amid Recent Developments
According to reports, the Binance address has received 600,000 WLD tokens from Amber Group, with a total value of $1.42 million. The transfers started on May 4, 2024, accumulating 4.15 million transfers worth approximately US$17.08 million. The current price of a single WLD token is $2.41, reflecting a 6.37% increase in the past 24 hours.
Positive Projections for WLD Token Price Movement
The WLD token is expected to rise to $3.07 in the next 5 days and to $7.78 in the next 30 days, aligning with the ongoing transfers. The anticipated surge would result in a 230.05% growth. The transfer of WLD tokens to a Binance address could indicate a forthcoming sale, leading to profit realization. With the 14-day RSI at neutral levels of 47.54, significant fluctuations are less likely unless influenced by the market’s impact on Ethereum.
Recent Events Impacting Worldcoin’s Market Performance
The market sentiment towards the Worldcoin token remains neutral, with investors showing interest, as evidenced by the coin’s Fear & Greed Index at 71 points. While there is a possibility of the coin rebounding from recent lows, reports of a $200,000 fine imposed on Worldcoin in Buenos Aires have garnered attention. Violations of consumer protection laws and identity verification lapses have raised concerns, prompting an investigation by the local regulatory authorities. The ongoing legal issues could potentially affect the coin’s price trajectory, although the forecast remains optimistic.
