Worldcoin Token Unlocking Impact on Price
The recent announcement of Worldcoin token unlocking has raised concerns about its potential impact on the price of WLD. Let’s explore how this development could affect the cryptocurrency market.
Token Unlocking Schedule and Market Response
The unlocking of WLD tokens allocated to TFH investors and team members is set to commence, with 2 million WLDs being unlocked per day. This gradual unlocking process aims to mitigate any negative impact on the circulating supply and price of WLD. However, the crypto market remains cautious as token unlocks are typically viewed as bearish events.
Price Forecast and Market Outlook
Currently, WLD is on an upward trend, aiming to break resistance at $2.78. A successful breach could propel the price to $3.0 or higher, enabling the altcoin to recover its recent losses. Investors are closely monitoring this development, as any panic selling could lead to a price drop between $2.78 and $1.73, resulting in consolidation.
Strategies to Manage Market Volatility
In light of the upcoming token unlock, Worldcoin developers have implemented measures to regulate the growth of circulating supply. By extending the unlocking schedule over four years, they aim to minimize any sudden influx of tokens that could impact the price negatively. Investors are advised to stay informed and consider diversifying their portfolios to manage market volatility effectively.
