Altcoins

Worldcoin Price Prediction: How High Can WLD Go?

Published

9 months ago

July 29, 2023

Crispus

Worldcoin price has been trading higher for the past few days after its launch on Monday. The digital asset has over $171 billion in trading volume occurring within the past 24 hours, a 7.81% increase. The cryptocurrency boasts a market cap of $252 million, positioning it as the 118^th largest cryptocurrency. At the time of writing, WLD was trading 1.53% higher at $2.250.

Worldcoin Explained

Worldcoin and its native WLD token have been making headlines worldwide over the past week, capturing the attention of crypto investors. Worldcoin is among the newest projects in the crypto market, launched on Monday by its founders Alex Blania and Sam Altman, the co-founder, and CEO of OpenAI, the company behind the famous ChatGPT.

Worldcoin, a crypto and digital ID project was launched on Monday after years of development. The project is aimed at building the largest identity and financial networks as a public utility, giving ownership to everyone. The project consists of privacy-preserving digital identity (World ID).

To verify their humanness, Worldcoin is inviting its users for an iris scan using a physical imaging device called the Orb, giving users unique digital identities to verify if they are human or not. The WLD token is designed as a utility token with governance properties and has been issued to its users. According to its whitepaper, Worldcoin had an initial total supply of 10 billion WLD and will remain unchanged for the next 15 years.

Worldcoin has received more than $250 million across several funding rounds from investors, including a16z, Tiger Global, Bain Capital Crypto, Blockchain Capital, and Khosla Ventures. Worldcoin has more than 2 million users so far and is now set to ramp up its eyeball-scanning operations to 35 cities across 20 countries.

Worldcoin price has more than doubled since its launch on Monday when the digital currency was trading at around $1. WLD has jumped by more than 1,400% in the past week and in the year to date. With its fast-growing popularity in the markets, the Worldcoin price is likely to continue moving higher in the immediate term.

Worldcoin Price Technical Analysis

Worldcoin price has been moving higher for the past few days but at a slower pace than the first few days after the launch. The digital asset has failed to retest the important resistance zone of $2.500 as it struggles to move higher. On the 4-hour chart, the WLD price is slightly above the 20-day and 50-day exponential moving averages, as well as the 20-day and 30-day simple moving averages. Even so, its Relative Strength Index (RSI) remains below the neutral level.

With its fast-paced popularity in the crypto market, the Worldcoin price is likely to continue moving higher. As such, a move above the important resistance at $2.50 will pave the way for further price increases to $3.00. However, a move below the psychological support at $2.00 will invalidate this bullish thesis.

WLD Price Chart

Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

Published

4 months ago

December 27, 2023

Crispus

Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

Published

4 months ago

December 22, 2023

Crispus

Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5^th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama…

Altcoins

Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

Published

5 months ago

December 1, 2023

Crispus

Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6^th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…