Only 10% of the total holders of Worldcoin (WLD), the token of the open-source digital identity protocol, are holding it in profits. While others are either at breakeven point or losing, WLD is torn between the actions of two key stakeholders.
At press time, Worldcoin’s price is $2.02, representing a 5.30% decrease in the last 24 hours. Who will emerge victorious between bulls and bears?
Balanced Battle Between Worldcoin Bulls and Bears
According to the Bulls And Bears Indicator, the difference between WLD bulls and bears over the last seven days is zero. For the purpose of this indicator, bulls are addresses involved in buying 1% of a cryptocurrency’s total volume.
Bears, on the other hand, are addresses that sold a similar percentage of the volume. When there are more bulls than bears, more tokens have been bought than those sold. In contrast, the opposite happens when there are more bears.
In WLD’s situation, bulls were involved in trading 124.40 million WLD tokens, while bears were involved in trading 124.48 million tokens.
Read More: Where To Buy Worldcoin (WLD): 5 Best Platforms for 2024
This close number suggests that the price may consolidate in the short term since selling pressure did not outrightly outpace the buying side.WLD’s recent decline could be attributed to the continuous unlocking of tokens.
The announcement initially drove the price up. However, the ongoing development prevents the cryptocurrency from experiencing a supply crunch.
In terms of supply distribution, data from Santiment shows that there has been a change that could favor the price. As of this wri
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Author: Victor Olanrewaju
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