Worldcoin (WLD) token is set to undergo an astonishing 986.4% emission increase over the course of the next 365 days, according to a post from the tokenomics tracking platform Token Unlocks. This will result in the issuance of a staggering 1.22 billion new WLD tokens.
If you know that $WLD has a 986.4% emission in the next 365 days (1.22b $WLD), what are your thoughts on holding this token for the long term?
That is the point you should consider, right? 🤔
With a 1-year emission, you will see the rate of tokens unlocked and newly issued in… pic.twitter.com/Ab4fG6uyNN
— Token Unlocks (@Token_Unlocks) August 14, 2023
Token Unlocks pointed out that this exponential surge in token supply has ignited intense discussions among investors and enthusiasts alike, with many scrutinizing the long-term implications of such a significant emission. Furthermore, investors are grappling with the decision of whether to hold onto their WLD tokens for the long haul.
4-hour chart for WLD/USDT (Source: TradingView)
WLD tried to break above the negative trend line that had formed on its 4-hour chart over the past 24 hours, but was rejected by the line. Consequently, the altcoin’s price corrected to a low of $1.755 before initiating another attempt to break above the trendline. Should the cryptocurrency succeed in this latest attempt, then it may look to overcome $1.840.
Thereafter, WLD’s price will have a fairly clear path to rise toward the next major resistance mark at $2.035. On the other hand, not closing a 4-hour candle above the negative trendline before the end of today’s trading session will put the altcoin at risk of plummeting to $1.650 in the next 24 hours.
With regards to WLD’s 24-hour performance, the market tracking website CoinMarketCap indicated that the cryptocurrency saw its price drop by 1.85% over the past day, leaving it trading hands at $1.76. WLD was thus trading just above its daily low of $1.75.
Along with its price drop, WLD’s intraday volume fell by 14+% throughout the past day. This left the altcoin’s volume standing at around $47,104,801. WLD also claimed the 10th position on CoinMarketCap’s trending list with its weekly performance being down by more than 8%. However, its monthly performance was still up by 5.91%.
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