WLD has jumped by 5% in the past 24 hours, with the Worldcoin price moving to $4.74 as the cryptocurrency market enjoys another day of recovery today.
Despite this lift, Worldcoin remains down by 1% in a week and by 32% in the last 30 days, with the altcoin – founded by OpenAI CEO Sam Altman – also down by 59% from its all-time high of $11.74 (March 10, 2024).
However, the fact that WLD has underperformed within recent timeframes should mean that it continues to recover over the coming days and weeks, with the wider market likely to help it rebound.
Worldcoin Price Prediction as WLD Closes in on $5 – Is It Time To Buy?
Based on Worldcoin’s chart, now looks like a very good time to buy the token, with its indicators suggesting that it’s at the beginning of a short-term rally.
For instance, its relative strength index (purple) has risen from 25 at the end of April to 60 today, and it seems that it will continue rising in the near term.
Source: TradingView
Also bullish is WLD’s 30-day average (orange), which is rising towards the 200-day (blue) and appears ready to climb over the longer term average very soon.
And while Worldcoin’s volume is still relatively low at $200 million today, the lack of depth makes the coin ripe for a big swing.
#Worldcoin $Wld
Preparing… pic.twitter.com/XK9o7zDt6x
— FLASH (@THEFLASHTRADING) May 3, 2024
In the near term, Worldcoin is likely to recover in tandem with the rest of the market, which appears to be regaining some momentum after taking a hit earlier this week.
This was largely because of fears that the Fed might even raise rates during its FOMC this week, yet in the end the central bank kept its funds rate where it was, while also announcing that it would be softening its quantitative tightening policy.
This has seemed to calm investors, leaving the cryptocurrency market – and Worldcoin – to retrace its steps a little.
Looking at the bigger picture, Worldcoin could potentially be very big, given the pedigree behind it.
Recent news suggests that the project is aiming to secure partnerships with PayPal and OpenAI, both of which would be massive for WLD’s price.
Increased access to World ID’s verified proof of humanness is coming to Mexico. pic.twitter.com/5Fj6ixvIXf
— Worldcoin (@worldcoin) April 29, 2024
Worldcoin has also witnessed growing use in places such as Argentina, while it has also recently expanded to Mexico.
The Worldcoin price could therefore grow consistently in the next few months, potentially reaching $6 by the end of the summer.
Presale Tokens for Faster Above-Average Gains
Worldcoin may have to wait for the wider market to pick up before it can really move, which leaves traders having to look elsewhere if they want shorter-term profits.
Fortunately, there are many new meme coins in the market right now, and while it’s hard to pick potential winners, successful presales are one way of identifying which tokens have the best chance.
One new meme token with a very strong presale is Dogeverse (DOGEVERSE), a multi-chain cryptocurrency that has raised just over $13 million in its token offering.
Discover Speed & Savings with $DOGEVERSE #MultiChain! #DOGEVERSE is designed to optimize both costs & transaction speeds across various blockchains
By leveraging advanced tech and strategic chain selection, we minimize fees and maximize speeds #AltSeason #BabyDoge pic.twitter.com/jfCvtA9AVW
— DogeVerse (@The_DogeVerse) May 2, 2024
Priding itself on being the market’s first Doge-themed multichain cryptocurrency, DOGEVERSE will operate on Ethereum, Polygon, BNB Chain, Solana, Avalanche and Base.
What this means in practice is that DOGEVERSE could potentially attract usage on many more apps and platforms than it would have attracted as a single-chain token.
In other words, it’s likely to experience considerably higher demand, with its hard cap of 120 million tokens putting it in line to become a deflationary crypto.
On top of this, holders will also be able to stake DOGEVERSE to earn passive rewards, with staking likely to take a significant chunk of the coin’s total supply out of circulation.
Never underestimate the power of flexibility and choice!
$DOGEVERSE offers something uniquely different to others…offering yourself a preferred #Blockchain.
Whether it’s #ETH, #SOL, #BNB Chain, #BASE, #MATIC or #AVAX, align with YOUR needs for speed and cost!
— DogeVerse (@The_DogeVerse) May 2, 2024
Together, these features make DOGEVERSE one of the new meme coins to watch in the coming weeks, with investors able to join its sale at the official Dogeverse website.
They can currently purchase the coin at a price of $0.000305 per token, a level which DOGEVERSE is likely to eclipse once it lists on exchanges.
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