Crypto_Analfabeta
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People waiting for a x50 on $WLD need a dose of reality, although the odds of this happening in the medium term are not 0, it is very unlikely due to the amount of tokens in circulation and even more difficult when the $10B of tokens are fully issued. Currently, approximately $860M of tokens have been issued with a market cap of around $1.8B. There is strong resistance at $2.2 and the bearish momentum threatens to push the token below $2, which would quickly increase the volume and the price would rapidly return to consolidation zones due to its high demand.
A market capitalization of $3-6B is somewhat more realistic, but if it is not reached in the coming months, the token would suffer significant inflation due to the new issuance of tokens.
Everything depends on the strategies of the company behind it, the interest of buyers, investors, token burning, behavior of the crypto market, launch of new features in the app, new announcements from the developers, among others. As of today, there are meme coins with absurd market capitalizations, so seeing a WLD hovering around $6 does not seem far-fetched.
Invest carefully and aim to increase your position in a currency if your plan is long-term.
A market capitalization of $3-6B is somewhat more realistic, but if it is not reached in the coming months, the token would suffer significant inflation due to the new issuance of tokens.
Everything depends on the strategies of the company behind it, the interest of buyers, investors, token burning, behavior of the crypto market, launch of new features in the app, new announcements from the developers, among others. As of today, there are meme coins with absurd market capitalizations, so seeing a WLD hovering around $6 does not seem far-fetched.
Invest carefully and aim to increase your position in a currency if your plan is long-term.
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