A Crypto Trader Believes Worldcoin Could See Significant Growth
A popular cryptocurrency trader, known as Altcoin Sherpa, suggests that Worldcoin (WLD), a controversial altcoin project, has the potential for a surge in value. Altcoin Sherpa, with a large following on social media platform X, predicts that Worldcoin could increase by more than 11% from its current price.
According to the trader’s chart analysis, Worldcoin appears to be in an uptrend after successfully turning the 200-day exponential moving average (EMA) into support.
Currently trading at $1.80, Worldcoin has experienced a slight 0.3% increase over the past 24 hours.
Biconomy Token Retesting Key Level
Altcoin Sherpa also mentions that he is closely monitoring Biconomy’s native governance token (BICO), which offers plug-and-play relayer infrastructure to developers. The trader notes that the token is retesting an important level and highlights its recent significant price movement.
Biconomy is currently valued at $0.25, reflecting a substantial 26.6% increase in the last day.
Terra May Experience Short-Term Retracement
The trader’s attention also turns to Terra (LUNA), which recently bounced off a key Fibonacci level. Altcoin Sherpa anticipates a potential retracement in the near term before the cryptocurrency embarks on another rally.
LUNA is currently priced at $0.49, indicating an 11.8% decrease in the past 24 hours.
Hot Take: Altcoin Sherpa Shares Insights on Worldcoin, Biconomy, and Terra
Crypto analyst Altcoin Sherpa believes that Worldcoin has the potential for growth, with a projected surge of over 11%. The trader also updates his outlook on Biconomy and Terra. Biconomy’s native governance token, BICO, is retesting a key level, while Terra (LUNA) may experience a short-term retracement before another rally. It’s important to note that the trader advises against long-term investments in Worldcoin and warns against shorting it temporarily.
Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy’s insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding. A guiding star for both intrepid explorers and curious novices venturing into the crypto realm, Daisy’s insights form a compass for discerning decision-making amidst the ever-shifting currents of cryptocurrencies. With the touch of a literary artist, they craft a narrative that enriches the evolving mosaic of the crypto landscape.
