Worldcoin Price Prediction - $WLD Outperforms Bitcoin, Ethereum, Solana As Crypto Market Bounces
The global crypto market has started to recover, leading to the price rise of many high-cap cryptos. However, the undervalued asset Worldcoin has managed to outperform Solana, Bitcoin, and Ethereum, experiencing double-digit gains in the last 24 hours.
This article gives Worldcoin’s price analysis and forecasts its price movements depending on overall market conditions.
Worldcoin Up 10% In the Last 24 Hours
Worldcoin (WLD) has increased in price by 10% in the last 24 hours. Currently, the token is trading around the $2.3 range while maintaining a market capitalization of more than $700 million. However, the token’s trading volume has declined nominally since yesterday and is down by 1.73%.
In comparison, Bitcoin's price has only increased by 5.1% in the last 24 hours. Similar price action has been seen for Ethereum and Solana, which are up by 2.8% and 6.6%, respectively.
Worldcoin Price Analysis
Even though the WLD price has increased 43% on the weekly chart, the token’s overall performance since reaching its all-time high has been bearish.
The AI crypto reached its all-time high of $11.96 on March 10, 2024, coincidentally with Bitcoin's reaching its ATH value. After that, the WLD price trended down until July 12, 2024.
It was only after Worldcoin lost 86% of its value that it has recently experienced a minor surge.
To retest its all-time high, WLD has to move past a significant resistance around the $9.75 mark (0.236 Fib), which would require it to pump by 324%.
Is it possible for WLD to reach its all-time high again?
An analysis of the hourly chart shows that it may not be easy. Even though there was some upward momentum behind the WLD price due to Bitcoin's recovery, the latest candle painted is red, indicating that the interest may be declining. Furthermore, the token’s Relative Strength Index (RSI) is around 65, putting it close to the overbought zone, indicating a corrective price action may be on the way.
Worldcoin Short-Term Prediction
In the short term, Worldcoin might try to retest its recent high, which it achieved on July 17, 2024, at around the $3.2 mark. This will require a surge of 38%, which may be possible if the token keeps up its momentum.
However, if there are consecutive red candles, the Worldcoin price may face a major decline and may try to find support around the $1.7 mark.
Worldcoin Long-Term Prediction
Worldcoin’s long-term performance will depend not only on the market fundamentals but also on how receptive the world becomes to its offerings.
The privacy-centric World App designed for people to help them easily authenticate their “proof of humanness” has been a hit. An announcement by Worldcoin made in April of this year showed that there are more than 10 million users of the World App.
Thank you x 10 million pic.twitter.com/FckxR2KqxW
— Tools For Humanity (@tfh_technology) April 11, 2024
If the project sees more adoption in the future, WLD may gain more value. Furthermore, 2025 may bring another bull run to the crypto market if historical patterns are to be believed. That could give Worldcoin a big boost and help it join the $1 billion market cap club again.
Is Worldcoin a Good Investment?
Following its launch, Worldcoin set the crypto world alight. However, talks around it became lukewarm shortly after, leading to its price correction. It was only after announcing in April that it would be launching its own blockchain that social media started to talk about Worldcoin again. A developer preview of the chain, named the World Chain, was eventually released on July 9.
This development could be attributed to the recent surge in price. However, the price action is still very volatile. Therefore, while this token is not recommended for short-term profits, long-term gain seekers could benefit from it, provided the World Chain sees more innovation and adoption.
WienerAI - Memecoin Bringing Memes and Utility
While Worldcoin is outperforming major cryptocurrencies, it is still being traded live on exchanges, and its developments don’t necessarily make it a suitable asset for short-term gains.
With WienerAI, however, users will get an asset with both short-term and long-term value. The project’s short-term strength comes from its iconic image of a cybernetic canine that tells a good fictional story about a science experiment gone wrong.
The project’s long-term value comes from its AI-driven utility, which is an AI trading bot that offers a GPT-style trading system to help users find the best crypto investment and make trading easier. Other perks include seamless sausage swaps and MEV protection. These features are provided at zero fees, which is another reason people are invested in this memecoin.
Jacob Crypto Bury, one of the leading crypto analysts on YouTube, has discussed this token’s 100x potential in a video released two months ago.
Other YouTubers like Clinix Crypto have also shown excitement around this project.
Due to many positive views from major YouTubers and positive social media engagement, WienerAI has been a presale hit, having raised more than $8 million to date. With just five days remaining to invest in this AI-meme crypto, investors should act now and visit wienerdog.ai to participate in this project.
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