Worldcoin (WLD) Momentum Returns With a 3% Pump – Is Wall Street Memes the Dark Horse Worth Watching?

Worldcoin (WLD) price is trading with a bullish bias despite the gloom of the overall market. The altcoin, associated with Chat GPT developer Sam Altman, continues to consolidate within a bullish technical formation. This comes as the token’s momentum recovers from a recent slowdown attributed to recent controversy surrounding the project.

Worldcoin has been the subject of a lengthy debate, with regulators and privacy advocates asking questions about its purpose. Based on the white paper of the project, it aims to provide universal digital identities. The project’s premiere euphorized the market and catapulted its value to unprecedented levels.

The Worldcoin project is now live. pic.twitter.com/xZXG4w56Ps

— World Currency (@world currency) July 24, 2023

The project uses contemporary technology to transform identity verification. It assigns digital identities to willing participants via biometrics to do this. The digital sphere, metallic in nature, collects the participants’ data by scanning the iris of their eyes.

Worldcoin Controversies Threatening WLD Price

Authorities, including governments from various jurisdictions, have expressed concerns about Worldcoin. Particularly after the US criticized the project, the Kenyan government used the rejection of Sam Altman’s innovation from his native country as a likely alarm.

Joint Statement on the WORLDCOIN by Cabinet Secretary for the @InteriorKE @KindikiKithure and cabinet secretary @MoICTKenya @EliudOwalo. pic.twitter.com/pp5WnsmrcJ

— Ministry of the Interior | Kenya (@InteriorKE) August 3, 2023

Concerns arise because there is no clear information about what the company does with the collected data. Data security and possible privacy violations are the points of contention here. The authorities are investigating the method Worldcoin uses to assign identity, which contradicts conventional ways.

In a recent Reuters report, the CEO of Tools For Humanity, the sponsor of the Worldcoin project, revealed insights. Based on the informationWorldcoin “could make the collected data available to companies and governments, fueling fears of potential abuse.”

With such worrying information, there has been a lot of concern about Worldcoin and the project’s focus on privacy.

Worldcoin price prediction as WLD momentum grows back

The price of Worldcoin is moving north and consolidating along an ascending parallel channel. Investors will no doubt reap more profits if price action stays within the bounds of this bullish technical formation.

WLD is on the 100-day exponential moving average (EMA) at $1,805. This indicator, which serves as support, represents a buyer congestion level. An increase in buying pressure from these buyers could lead Worldcoin’s price to move above the upper limit of the channel. Such a move could tag WLD the 200-day EMA at $1,890. In a very bullish case, it could turn this vendor congestion level into support and move north to the $1,962 resistance level. Such a move would represent a 10% increase above the current level.

Conversely, if bulls give in, bears could take over and drive Worldcoin prices down. A slip below the 100-day EMA at $1,805 would further lower the odds in favor of the Bears. However, traders should be concerned once WLD moves below the 50-day EMA and falls out of the bullish pattern.

In particular, the Relative Strength Index (RSI) reinforces the bearish outlook and heads south to show declining momentum. Similarly, the Awesome Oscillator (AO) histograms are red and decreasing in volume, indicating that bears are gaining ground.

Demand zone

It is impossible to miss the order block, marked in red, which represents a demand zone for Worldcoin. To the layman, a demand zone is an area defined by buyers’ strong willingness to buy. As such, it marks a possible location for the Worldcoin price to correct north in case the price moves south.

However, if this order block fails to provide support, the Worldcoin price may slip through, turning the demand zone into a bearish breaker. Subsequent selling pressure could allow WLD to tag the support floor at $1,661. Such a move would amount to a 10% slump.

While Worldcoin basks in its uptrend, think of WSM as the ticker for the Wall Street Memes ecosystem. This token offers a promising alternative to WLD.

WLD alternative

In the digital money world, a new player is making waves: Wall Street Memes, with its own token, $WSM. This unique meme coin collected an impressive $23,690,151 before its official launch. This is mainly due to the excitement of the audience. You can buy one $WSM coin for only $0.0334.

#WSM grossed approximately $23,685,000

Enter Presale (ICO)#wsm #wallstmemes #wallstreetmemes #Dogecoin #SHIB $WSM $CRYPTO $BTC $USDT $XRP @RealCryptoJamie#ETH #Elon Musk #etherum #btc  @wallstmemes  @Elon Musk     
Last chance to buy it herehttps://t.co/C6uFnj60Uq pic.twitter.com/NdsAr7ngev

— Rates Al-Enany (@IAM_DIEEE) August 13, 2023

People are raving about $WSM, and more and more people are joining the project’s online chat group every day. The creators of the coin have big plans for the future, such as making sure $WSM can be traded on critical websites. The creators also expect the total value of all $WSM coins to reach a huge amount – $1 billion.

But what makes $WSM special is the large group of people it supports. Over a million people love what $WSM is all about. Even someone as famous as Elon Musk is a fan and pays attention to their updates on Twitter.

Literal

— Elon Musk (@elonmusk) March 18, 2023

So Wall Street Memes is not just a digital currency; it is a fun way for many people to be a part of something exciting in the digital money world.

@wallstmemes The presale is now LIVE ✅

The Community Token that takes the Wall Street Memes to a new level! ????

– 50% token supply in presale
– Reward 30% of their community
– More than $22 million already raised

Join the $WSM movement:https://t.co/P5mwxvZAjw pic.twitter.com/GAd6hMSAu6

— SHARK | ???? (@SharkyWeb3) August 9, 2023

Wall Street Memes has generated $23.69 million during its ongoing presale phase. WSM is in its 29th presale phase and is offering tokens for $0.0334 each. Once the presale reaches its target of $25.928 million, the token price will rise to $0.0337.

Don’t miss this early bird discount for any reason. Buy WSM here.

Read also:

Wall Street Memes – Next Big Crypto

• Early Access Presale now live
• Established community of stock and crypto traders
• Featured on BeInCrypto, Bitcoinist, Yahoo Finance
• Rated as the best crypto to buy right now in the Meme Coin sector
• Team behind OpenSea NFT Collection – Wall St Bulls
• Tweets answered by Elon Musk