Worldcoin (WLD) Price Prediction 2023-2025: Can WLD Recover After the FTX Debacle?

Amid the short-term crypto uncertainty, Worldcoin (WLD) price has suffered significant bearish sentiment in the recent past. The mid-cap altcoin, with a difference of over $17 billion between its market cap and fully diluted valuation, has dropped over 84 percent since hitting its all-time high (ATH) around $11.74 in March 2024.

Cryptocurrency price analysis for March 24 shows that WLD price dropped significantly in the past seven days, hitting a 12-month low. However, the mid-cap altcoin recovered quickly, showing strength and resilience against the broader market uncertainty.

On the other hand, on-chain data analysis showed that Alameda Research sold a portion of its WLD stash over ten batches in the last two months.

Worldcoin (WLD) price dropped significantly in the past seven days, hitting a 12-month low of about $1.34 on March 21. However, the mid-cap altcoin recovered quickly, showing strength and resilience against the broader market uncertainty.

At the time of writing, WLD price attempted to rally further, showing strength against the broader market uncertainty. The mid-cap altcoin price showed an impressive 20% gain in the past 24 hours.

WLD price dropped over 84% since hitting ATH in March 24After hitting its all-time high (ATH) around $11.74 in March 24, WLD price dropped significantly. At the time of writing, the mid-cap altcoin was trading at a price over 84% lower than its ATH.

On the other hand, the difference between WLD’s market cap and fully diluted valuation stood at over $17 billion.

Worldcoin Forms Bullish SentimentAfter hitting a 12-month low of about $1.34, WLD price attempted a bullish recovery in the past three months. In the daily time frame, WLD price formed a potential inverted double bottom coupled with a rising divergence in the Relative Strength Index (RSI).

Moreover, WLD price in the daily time frame retested the 50 MA, after successfully breaking out of a macro falling logarithmic trend.

On the Flip-SideAlmeda Research sells 1.56M $WLD ($2.51M) to Binance in 10 batches at an average price of $1.605, leaving 23.44M $WLD ($43M)According to on-chain data analysis, Alameda Research, the sister firm for FTX exchange, sold a portion of its WLD stash in the last two months.

As FTX and Alameda Research prepare to distribute up to $16 billion to their customers and creditors in stablecoins, the firms sold a portion of their crypto assets in the recent past.

Specifically, Alameda Research deposited 1.56 million WLD since August 9 in ten batches of about 143k.

Currently, Alameda Research still holds more than 23 million WLD coins, which will be sold soon.

Bigger PictureThe Worldcoin project has continued to grow in the recent past and currently has more than 6.8 million registered users on its network. Backed by OpenAI CEO Sam Altman, the Worldcoin project has immense potential to grow exponentially in the future.

Moreover, the Worldcoin ORBs have been legally registered in several countries on different continents led by Europe, Asia, and Africa.

The above is the detailed content of Worldcoin (WLD) Price Prediction 2023-2025: Can WLD Recover After the FTX Debacle?. For more information, please follow other related articles on the PHP Chinese website!