Forecasting Worldcoin Price As WLD Hits $20 Billion Market Cap Immediately After Launch – Can Worldcoin Overtake Bitcoin? -TGN

The price of Worldcoin (WLD) has reached a market cap of $20 billion barely 24 hours after its launch, with the coin founded by Sam Altman hitting an all-time high of $3.30 shortly after its listing on exchanges.

However, WLD is now down 35% since hitting its peak yesterday, while the altcoin is also down 20% in the last 24 hours as the hype surrounding the launch settles and early buyers take their profits.

And while Worldcoin’s goal of providing a universal digital identity is certainly ambitious, its use of biometrics (e.g. iris scanning) has some commentators alarmed by the potential threat to privacy.

Forecasting Worldcoin Price As WLD Hits $20 Billion Market Cap Immediately After Launch – Can Worldcoin Overtake Bitcoin?

Worldcoin’s relative strength index (purple) is currently rising again and approaching 70 after falling to 30 (or lower) last night.

It is perhaps not surprising that a newly listed coin has shown such volatility, with the coin’s price rising again since it experienced a sharp drop in the early hours of the morning.

It will therefore be interesting to see if WLD can break through its current resistance level (red) at around $2.20.

If possible, we can expect the new altcoin to return to higher levels, something that could be a possibility as last night’s big dip has provided a real opening for new buyers to push the price higher.

As mentioned above, Worldcoin was co-founded by Sam Altman, who also happens to be the founder of OpenAI, the company responsible for generative AI sensation ChatGPT.

This kind of pedigree has unsurprisingly caused investors to sit up and take notice of Worldcoin, especially when the latter plans to give everyone in the world a digital ID.

However, in order to provide such an ID, Worldcoin plans to scan the irises of everyone on the planet, or at least anyone who agrees to voluntarily use their eyeballs.

This has led to numerous privacy concerns, with some commentators speculating that Worldcoin’s underlying technology could be a spin-off from a company owned by Ant Financial, which has been under pressure from the Chinese government in recent months.

As such, the cryptocurrency community’s mistrust of Worldcoin could prevent it from enjoying continued growth, even if its profit potential may cause more than a few investors/traders to give up their moral scruples.

Assuming Worldcoin proves to be a hit with the general public, it could easily soar higher, with WLD potentially returning to $3.30 in the coming weeks or months.

Other new altcoins with strong potential

If certain traders are frightened by Worldcoin’s potential threat to privacy, they may feel more comfortable investing in other new altcoins with strong growth potential.

And while the market has been up and down in recent weeks, one area that has been lucrative this year has been presale, with the best presale coins tending to go big once they hit exchanges.

One coin likely to fit this mold is BTC20, a new ERC-20 token that will provide an Ethereum-based version of Bitcoin that can be leveraged to earn passive income.

The presale began last week and has already raised more than $1.8 million, a figure that is testament to how much of an impact the coin has made on the market.

As a tribute to the price BTC reached in 2011, the presale will make BTC20 available for the fixed price of $1, with a total of 6.05 million BTC20 available.

BTC20 will also have a hard-capped maximum supply of 21 million, with the coin’s staking mechanism coded so that the remainder will be spent over the course of the next 120 years.

This steady release of a limited supply of tokens means that BTC20 will be a deflationary cryptocurrency, much like Bitcoin itself, something that could help raise the price over time.

Buyers can participate in the sale by visiting the official BTC20 website and connecting their cryptocurrency wallet, where the coin can be purchased using USDT, ETH or fiat currency.

As mentioned above, 1 BTC20 costs $1, but the price of the coin can easily rise much higher when listed on exchanges.

Visit BTC20 now

Disclaimer: Crypto is a high risk asset class. This article is for informational purposes only and does not constitute investment advice. You can lose all your capital.