Crypto Analyst Altcoin Sherpa Warns That Top-100 Altcoin Worldcoin (WLD) Could Suddenly Collapse and Lose All of Its Value
- 王林Original
- 2024-07-19 11:35:01242browse
A widely followed crypto trader and analyst is warning that one top-100 altcoin could suddenly collapse and lose all of its value.
A crypto analyst is warning that one top-100 altcoin might suddenly collapse.
In a new strategy session, pseudonymous crypto analyst Altcoin Sherpa tells his 217,900 followers on the social media platform X that Sam Altman’s “proof-of-person” project Worldcoin (WLD) is at risk of sinking to $0.
“WLD is going to dump to $0 eventually but not sure when that happens. This will be an excellent short though and probably one of the best ways to hedge your exposure.”
The analyst points to another social media user’s post warning about the project's fundamentals, including upcoming Worldcoin token unlocks. Unlocks are often perceived as bearish due to the new sellable supply.
At time of writing, WLD is trading for $2.99, up 16.7% in the last 24 hours.
Next, the analyst speculates on possible paths forward for Bitcoin (BTC) after reclaiming the mid-$60,000 range by examining prior support and resistance levels.
“BTC three different scenarios:
Most hopeful is just breaking this level without pullback and going to $70,000. Fingers crossed…
Wouldn’t personally rush into a position if I were you. I think that we see some sort of pullback soon (which is healthy and good). When people are screaming it’s done, dead, you can bid on the next big red day.”
Bitcoin is trading for $64,657 at time of writing, up slightly in the last 24 hours.
Lastly, the analyst says memecoin Pepe (PEPE) will likely revisit Fibonacci retracement levels at $0.00001112 or $0.00001057.
“PEPE bidding these areas.”
Pepe is trading for $0.00001183 at Tim of writing, down nearly 2% in the last 24 hours.
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