Worldcoin (WLD) price partially recovers after recent crash

This Tuesday, the broad cryptocurrency market experienced a sharp shake amid fears about economic conditions in the United States. The price of the Worldcoin coin, WLD, was one of those that experienced a dramatic moment. During this Wednesday it partially recovers the lost territory.

On Tuesday, it was thought that year-on-year CPI inflation in the United States would bring some negative surprises. Such a situation motivated a general pessimistic sentiment in all markets, with massive sales in all risk stocks. However, the matter was simply a false alarm that unleashed an unwarranted wave of panic. In the end, the year-on-year CPI fell to 3.3%.

In the midst of this selling madness, the prices of the main cryptocurrencies fell sharply. With this, they dragged the rest of the alternative currencies to the bottom, including WLD, which was already doing poorly. The shakeup for the token of the project led by Sam Altman was such that it was placed below the bearish limit of the current cycle, which was slightly above $4 per token.

In this way, the digital currency fell to the alarming price of $3.73 dollars per unit. At the time of writing, the price is recovering, but with strength well below what it needs.

Worldcoin token price in trouble

Although the price of Worldcoin (WLD) is in a not comfortable position, its consistency is remarkable. Any other project would have quickly succumbed to synchronized attacks by regulators around the world. However, the token remains constant and with a minimal base of loyal investors.

In fact, CoinMarketCap data shows that it only lost the $1 billion barrier in market capitalization yesterday. For weeks, the currency clung to that floor and will likely regain it in the coming hours.

Either way, nothing that happens in the short term can guarantee a rally for the coin price. It is even noted that it has difficulty getting back above $4 per token. The pressure on the protocol is enormous and only a forceful demonstration of its reliability could change its course.

Among the most recent news that could be considered positive is the withdrawal of Elon Musk’s lawsuit. The electric car mogul sued Sam Altman’s firm, OpenAI, for allegedly going out of its way and becoming an arm of Microsoft. Recently, the surprising news of the withdrawal of the lawsuit was known.

Be that as it may, the price of the Worldcoin currency remains stagnant and waiting for an unlikely catalyst in the short term.

Disclaimer: This work is for informational purposes only and should under no circumstances be taken as an invitation or investment advice. Cryptocurrencies are highly volatile assets and placing capital in them can lead to total losses.