Crypto Trader Predicts Worldcoin, Biconomy, and Terra Price Action Based on Technical Analysis

Crypto analyst says controversial altcoin Worldcoin could surge 11% or more to $2.
Keeping an eye on Biconomy token BICO as it retests a key level after big move up.
Trader bullish on Terra LUNA, expects retracement before another rally after bouncing from key support.
Article highlights crypto trader's outlook on Worldcoin, Biconomy, and Terra.
Trader provides technical analysis to back up predictions, referencing indicators like 200-day EMA.

dailyhodl.com

Relevant topic timeline:

7/26/2023

How Sam Altman’s Worldcoin Engineered Its Token Launch

- Worldcoin, the controversial crypto startup, has distributed 43 million worldcoins to users who signed up during the pre-launch period. - However, the majority of the tokens distributed in the launch are being loaned to market makers, who are trading firms that buy and sell large amounts of tokens. - These market makers will help promote trading of Worldcoin's new tokens and make money on the spread. - The move to involve market makers in the token launch highlights Worldcoin's efforts to create liquidity and increase trading activity. - This aspect of Worldcoin's token launch has been overlooked amidst the controversy surrounding the company's use of eyeball scanning technology.

8/2/2023

Kenya suspends Worldcoin scans over security, privacy and financial concerns

Main topic: Kenya suspends Worldcoin enrollment and expresses concerns about its activities and data protection. Key points: 1. Kenya was one of the first countries to launch sign-ups for Worldcoin. 2. The Ministry of the Interior has suspended Worldcoin enrollment, citing concerns about authenticity, legality, security, financial services, and data protection. 3. Kenya had numerous venues for Worldcoin enrollment, but now there is only one due to overwhelming turnout. 4. Relevant agencies are investigating the authenticity, legality, and data protection of Worldcoin's activities. 5. Worldcoin is co-founded by OpenAI CEO Sam Altman and has raised over $500 million. 6. Worldcoin registers "verified humans" through eye scans and offers free crypto tokens in exchange. 7. The suspension order's impact on the circulation and trading of Worldcoin tokens in Kenya is unclear. 8. Worldcoin tokens have become part of the grey market in Kenya. 9. The authorities are now considering the privacy, security, and financial transaction implications of Worldcoin. 10. The suspension follows an assessment by the country's office of the Data Commissioner. 11. Concerns have been raised about Worldcoin's practices and exploitation of economically-disadvantaged people. 12. Worldcoin has enrolled over half a million people in the last seven days and nearly one million in the last month.

8/25/2023

Just a Month After Launch, Sam Altman’s Worldcoin Is Already Dying

The price of Worldcoin's WLD token has dropped by 44% in the past 30 days, following its launch in July, with further declines expected, undermining the appeal of the biometric investment.

9/1/2023

Factbox: Scrutiny of iris-scanning crypto project Worldcoin grows

Governments around the world are investigating Worldcoin, a crypto project co-founded by OpenAI CEO Sam Altman, over concerns about its data collection methods and potential risks to public safety.

9/21/2023

Analysts See Potential Upside for XRP and Chainlink, Caution on Worldcoin

Crypto strategist Michaël van de Poppe believes that XRP, Chainlink (LINK), and the controversial altcoin Worldcoin (WLD) may present trading opportunities, with XRP potentially rallying above $0.70, LINK potentially reaching $8.59, and WLD offering short-lived rallies.

10/4/2023

Worldcoin Surges 92% But Now Risks Major Decline, Trader Warns

Crypto strategist Altcoin Sherpa warns that Worldcoin (WLD) is likely to decline by at least 34% and could ultimately drop to less than $1, while also keeping a close eye on Solana (SOL).

10/23/2023

Worldcoin switches payment to operators from USDC to native token, extends loans and grants amidst volatile launch

Worldcoin plans to start paying its Orb Operators with its native token, Worldcoin (WLD), instead of USD Coin (USDC) starting next month.

10/23/2023

Worldcoin to Switch Operator Rewards to WLD Tokens, Increasing Supply

Worldcoin's project involves switching operator rewards from USDC stablecoins to WLD tokens, thereby increasing the tokens' circulating supply and allowing more users access to them.

Topics

Posted 9/29/2023, 2:30:54 PM

Crypto Trader Predicts Worldcoin, Biconomy, and Terra Price Action Based on Technical Analysis

Crypto analyst says controversial altcoin Worldcoin could surge 11% or more to $2.
Keeping an eye on Biconomy token BICO as it retests a key level after big move up.
Trader bullish on Terra LUNA, expects retracement before another rally after bouncing from key support.
Article highlights crypto trader's outlook on Worldcoin, Biconomy, and Terra.
Trader provides technical analysis to back up predictions, referencing indicators like 200-day EMA.

dailyhodl.com

Relevant topic timeline:

7/26/2023

How Sam Altman’s Worldcoin Engineered Its Token Launch

8/2/2023

Kenya suspends Worldcoin scans over security, privacy and financial concerns

8/25/2023

Just a Month After Launch, Sam Altman’s Worldcoin Is Already Dying

The price of Worldcoin's WLD token has dropped by 44% in the past 30 days, following its launch in July, with further declines expected, undermining the appeal of the biometric investment.

9/1/2023

Factbox: Scrutiny of iris-scanning crypto project Worldcoin grows

Governments around the world are investigating Worldcoin, a crypto project co-founded by OpenAI CEO Sam Altman, over concerns about its data collection methods and potential risks to public safety.

9/21/2023

Analysts See Potential Upside for XRP and Chainlink, Caution on Worldcoin

10/4/2023

Worldcoin Surges 92% But Now Risks Major Decline, Trader Warns

Crypto strategist Altcoin Sherpa warns that Worldcoin (WLD) is likely to decline by at least 34% and could ultimately drop to less than $1, while also keeping a close eye on Solana (SOL).

10/23/2023

Worldcoin switches payment to operators from USDC to native token, extends loans and grants amidst volatile launch

Worldcoin plans to start paying its Orb Operators with its native token, Worldcoin (WLD), instead of USD Coin (USDC) starting next month.

10/23/2023

Worldcoin to Switch Operator Rewards to WLD Tokens, Increasing Supply

Worldcoin's project involves switching operator rewards from USDC stablecoins to WLD tokens, thereby increasing the tokens' circulating supply and allowing more users access to them.