Worldcoin (WLD) Price Prediction – When will WLD hit $10?

The market capitalization of Worldcoin has reached a remarkable $20 billion, causing the cryptocurrency community to anticipate the emergence of the next Bitcoin avidly. Surprisingly, the milestone was reached within days of Worldcoin's debut, establishing a record for the cryptocurrency with the fastest growth rate in history.

While this token's meteoric rise has captivated the crypto market, some experts have expressed skepticism regarding its business model and purpose. The primary concern is that the $20 billion market capitalization is diluted. With only 1% of the total supply in circulation, Worldcoin's genuine market cap at the current price of $2.23 is only $243 million.

The value of the Worldcoin (WLD) token has fluctuated since the launch, reaching a high of $3.58 s before falling to $1.92 overnight and then regaining by more than 25% to $2.43.

Should you try investing in Worldcoin (WLD)?

Let’s have a look at the Worldcoin (WLD) Price Prediction from the WLTDUSDT technical analysis:

WLD/USDT Shows An Uncertainty From The Extensive Volatility

Since the lance, the gap between the all-time high and low was more than 3000%, which indicates extensive volatility.

This volatility reflects the crypto community's apprehension regarding the project's use of an Orb hardware device, which verifies individuals by detecting their irises. Worldcoin believes this verification procedure will be essential in a future digital economy where artificial intelligence (AI) is profoundly ingrained in society. Where regulations allow, Orb-verified users can claim WLD tokens through the project's app.

The initial supply of Worldcoin is 10 billion WLD, but only 143 million will be in circulation at commencement. A one-year restriction will be placed on the tokens allocated to investors and the development team.

Since its introduction, the amount of WLD in circulation has increased by approximately 3 percent. According to its website, Worldcoin has migrated to the Optimism network following its launch, touting 155,000 wallets and over 2 million Orb-verified users.

The volume structure shows potential to bulls as it is below the current price in the H4 timeframe. Despite the lack of history, the current high volume level is spotted at the 2.187 level, which is below the current price.

The RSI started moving higher but still remains below the 50.00 line, suggesting that upward pressure needs a stable position above the neutral level.

Based on the Worldcoin Price Prediction, the upward possibility depends on how the project reacts to the security concern. Primarily a bullish continuation is possible from the high volume level, but a bearish recovery and a false break from the 1.843 could be a potential area to look for the 5.00 target level.

Worldcoin (WLD): Is The Price Inflated?

Sam Altman is renowned as the co-creator of the Open AI platform and the founder of the World ID initiative, for which Worldcoin is the native token. The project seeks to create a unique identifier for every person on the planet by scanning their irises in an effort to combat fraud, including possible abuses involving artificial intelligence.

Nonetheless, privacy lawyers and activists opposed this concept from the beginning. The situation deteriorated when rumors suggested a connection between the initiative and Jack Ma, a controversial Chinese businessman with ties to the Beijing government. 

Such allegations pose a substantial barrier to further WLD (Worldcoin) development and cast doubt on the World ID project's integrity as a whole. The crypto community, renowned for its emphasis on privacy protection, is observing WLD skeptically. Some have even asserted that the project contradicts the fundamental tenets of cryptocurrency, which raises questions about its long-term viability and growth.

On the other hand, experts quickly pointed out that the $20 billion market cap for WLD represents the diluted market cap. With only 108 million tokens in circulation, each worth $2.23, the actual market valuation is only $243 million, representing only 1% of the total supply of 10 billion tokens.

Some analysts assert that the price of WLD is artificially inflated due to its limited supply, which creates a false sense of demand to boost its value. They argue that WLD would not be as successful if more tokens were available, implying that this may have been the creators' true intention.

Based on the WLD Price Prediction, the current Pump and Dump scheme could be activated if sellers show an interest in the ascending channel breakout. A bearish H4 candle below the 1.1850 level could be an alarming sign for bulls.

WLD/USDT Intraday Price Action Analysis

This technical analysis shows the m15 chart of WLD/USDT, where the current price is trading within an ascending channel. The buying pressure is supported by the visible range high volume level at the 2.187 level, which is below the current price.

The dynamic 20 EMA is working as a support, while the current Traders Dynamic Index (TDI) shows an upward pressure by remaining above the 50.00 line.

Based on the Worldcoin (WLD) Price forecast, the bullish range extension might see the 2.550 resistance level in the coming hours. However, the upside pressure is solid as long as the price trades above the 2.049 static support level.

Is WLD/USDT A Buy?

Based on the Worldcoin Price forecast, privacy is the main threat to the WLD/USDT buy, which may eliminate major bullish price actions. Despite the volatility and uncertainty, the price trades above some crucial intraday support levels, which could resume the bullish trend.

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