Investor sentiment towards Worldcoin has dropped following a 5% decrease in its price in just 24 hours. The decline in trading volume has further confirmed this negative mood. This has led investors to consider other options with more potential for growth. The bearish momentum was triggered by concerns about the coin’s circulating supply, with investors questioning its legitimacy and the possibility of a rug pull. Technical indicators suggest that Worldcoin is likely to remain in a bearish trend, with the token trading below the 50-Day Simple Moving Average and the Moving Average Convergence/Divergence indicator indicating a bearish trend. The Relative Strength Index is also below 50, suggesting increasing selling pressure. Worldcoin has recently introduced the World App, a protocol-compatible wallet that aims to verify users and expand the network’s user base. However, given the current downbeat sentiment, it may be worth considering other alternatives. Evil Pepe Token has gained significant attention in its presale stage, raising over $1 million of its $1.9 million hard cap. The token aims to replicate the success of Pepe Coin and offers features such as locked liquidity and a reward scheme for token holders. Prospective investors can participate in the presale by visiting Evil Pepe’s website and following the steps outlined.
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