At the time the article was being prepared, the price, which was stalled at the 2 dollar limit, dropped below the key support. What is the reason for the decline? In this week’s important developments, we mentioned that there will be a WLD Coin event between 20:00 and 21:00. These events do not always cause an increase. Sometimes the reaction is bearish.
WLD Coin Falls
worldcoin (WLD) is at $2.13 at the time of writing and continues the day with a 7 percent loss. The price, which dropped rapidly from $2.3, started to retreat during the event. The most striking detail at this event was the rebranding announcement of the project. The project will be rebranded as World and World Network.
While the event was going on, some community members said, “worldcoin “This incident is now turning into a disappointment.” The community member with the username Horus went further and advised people not to buy WLD Coin and explained his reasons.
“Don’t buy WLD unless you understand circulating and maximum supply, vesting schedules, and their impact on price.”
Altman and co-founder Alex Blania will announce a series of updates during this event, including a new version of the Orb iris scanning technology, but what we see in the chart is that this has become a sell the news case.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
