Worldcoin Value Drops 20%: Long-Term Prospects Remain Positive

Share on Facebook Share on Twitter

The Bottom Line

The price of Worldcoin has dropped by 20%, leaving many investors with a choice: should they hold or sell their shares? A detailed analysis of on-chain metrics and market sentiment suggests that despite the short-term bearish sentiment, the long-term prospects may not be as bleak. But what does this specifically mean for you as an investor?

Development Activity and Market Sentiment

In March, Worldcoin’s development activity showed a positive turn, which is generally a good sign. However, since April 1st, both the open interest and the price of Worldcoin have fallen, indicating a bearish sentiment. Speculators seem to be standing aside at the moment, rather than betting on a further price decline. The technical analysis suggests that the region around $4 is a key support zone, the breach of which could, however, bring the market into a bearish structure on the daily chart.

Technical Analysis and Price Prediction

The RSI and the Chaikin Money Flow indicate a strong bearish momentum and a significant capital outflow from the Worldcoin market. Should the price fall below $5.6 and close a daily session below it, this could be a signal for swing traders to reconsider their positions. It is crucial that investors keep an eye on the development of these indicators in order to make informed decisions.

Risk Management and Patience

Given the current volatility, prudent risk management is essential. Investors should identify higher time frames and demand zones to determine potential entry points. The development activity and the on-chain metrics offer some positive signs, but the market remains short-term uncertain. It might be wise to exercise patience and wait for clearer signals before taking larger positions.

Our Assessment

Although the price drop of Worldcoin may initially seem alarming, the development activity and some market signals suggest that the long-term prospects may not be as negative. However, investors should be cautious and practice strong risk management. It is important to closely monitor market developments and patiently wait for stronger buy signals before taking further steps. Ultimately, this phase could represent an opportunity for strategic investors willing to use the short-term volatility to their advantage.

Sources: Santiment, Coinalyze, TradingView

Share on Facebook Share on Twitter

The 3 best cryptocasinos

Up to 1 BTC + 100 Free Spins
Welcome bonus
BETSFTD
99 /100
Excellent
Cryptocurrencies (24)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Chainlink_Logo
  • dai-logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
  • Zcash Signet (black)
Bets.io review
Bonus Information Bets.io
Wagering requirements 40x deposit + bonus
40x free spins winnings
Minimum deposit 0.00034 BTC or equivalent
Maximum bet 0.00003 BTC or equivalent
Bonus validity 30 days to claim
14 days to wager
  • Minimum deposit: 0.048 BCH • 0.0068 ETH • 0.26 LTC • 154 DOGE • 20 USDT • 40 XRP • 180 TRX • 48 ADA • 0.04 BNB • 20 BUSD • 20 USDC.
  • Maximum bet per round: 0.005 BCH • 0.0007 ETH • 0.03 LTC • 15 DOGE • 2 USDT • 4 XRP • 19 TRX • 4.8 ADA • 0.004 BNB • 2 BUSD • 2 USDC.
  • Free spins are credited on “Max Miner” by Gamebeat, 20/25 free spins per a day.
How did we rate this casino

Bets.io is our number 1 among crypto casinos because they have kept everything great about Dama Casinos, such as their excellent game selection and well-known reliability, while eliminating the frustrating KYC processes and traditional payment methods that can hinder the full crypto casino experience.

Author & Responsibility: Steven Harper
Last update by Isabella Brown on 24. May 2024
Curaçao License
Curaçao
Licence
100% up to 1 BTC
Welcome bonus
Cryptocurrencies (9)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
Metaspins review
Bonus Information Metaspins
Wagering requirements 40x bonus
Minimum deposit 0,1 mBTC
Maximum bet $5 per spin
Bonus validity 7 days to wager
  • There is no cap on winnings or withdrawals.
How did we rate this casino

Metaspins is still a very young crypto casino, but it can already convince with a very modern website, a good selection of games and, above all, an excellent bonus.

Isabella Brown
Author & Responsibility: Isabella Brown
Last update by Abby Richards on 24. May 2024
Curaçao License
Curaçao
Licence
100% without limit + 100 Free Spins
Welcome bonus
Cryptocurrencies (11)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Ripple XRP Logo
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
CoinKings review
Bonus Information CoinKings
Wagering requirements 35x bonus
35x free spins winnings
Minimum deposit €20
Maximum bet €5
Bonus validity 14 days for deposit bonus
7 days for free spins
  • There is no maximum bonus amount.
  • 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
How did we rate this casino

In addition to an unlimited bonus, Coinkings.io has a lot to offer. We have a high tolerance for VPNs, an impeccable selection of cryptocurrencies and, above all, an experienced team that immediately provided a wide range of games. In combination, all of this is very convincing.

Author & Responsibility: Gregor Ziegler
Last update by Isabella Brown on 24. May 2024
Curaçao License
Curaçao
Licence

Latest News

Created by

I had my first experience with slot machines in 2011 during my semester abroad in Las Vegas. Back in Germany, I wanted to play the same slots, but that was only possible online. Since then, I've been playing slots in online casinos and love crazy ideas.
Reviewed by
Nerd of Numbers

Last update: 4. April 2024

kryptocasinos.com Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

🍪
We use cookies. By using this site, you accept them.
CoinKings.io - 100% unlimited Uncapped bonus for new customers Show Bonus