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Worldcoin (WLD) token is set to undergo an astonishing 986.4% emission increase over the course of the next 365 days, according to a post from the tokenomics tracking platform Token Unlocks. This will result in the issuance of a staggering 1.22 billion new WLD tokens.
If you know that $WLD has a 986.4% emission in the next 365 days (1.22b $WLD), what are your thoughts on holding this token for the long term?
— Token Unlocks (@Token_Unlocks) August 14, 2023
That is the point you should consider, right? 🤔
With a 1-year emission, you will see the rate of tokens unlocked and newly issued in… pic.twitter.com/Ab4fG6uyNN
Token Unlocks pointed out that this exponential surge in token supply has ignited intense discussions among investors and enthusiasts alike, with many scrutinizing the long-term implications of such a significant emission. Furthermore, investors are grappling with the decision of whether to hold onto their WLD tokens for the long haul.
WLD tried to break above the negative trend line that had formed on its 4-hour chart over the past 24 hours, but was rejected by the line. Consequently, the altcoin’s price corrected to a low of $1.755 before initiating another attempt to break above the trendline. Should the cryptocurrency succeed in this latest attempt, then it may look to overcome $1.840.
Thereafter, WLD’s price will have a fairly clear path to rise toward the next major resistance mark at $2.035. On the other hand, not closing a 4-hour candle above the negative trendline before the end of today’s trading session will put the altcoin at risk of plummeting to $1.650 in the next 24 hours.
With regards to WLD’s 24-hour performance, the market tracking website CoinMarketCap indicated that the cryptocurrency saw its price drop by 1.85% over the past day, leaving it trading hands at $1.76. WLD was thus trading just above its daily low of $1.75.
Along with its price drop, WLD’s intraday volume fell by 14+% throughout the past day. This left the altcoin’s volume standing at around $47,104,801. WLD also claimed the 10th position on CoinMarketCap’s trending list with its weekly performance being down by more than 8%. However, its monthly performance was still up by 5.91%.
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