Is Worldcoin (WLD) the Subsequent LUNA? Crypto Influencer Shares His Take

• Crypto influencer Jordi Alexander believes that Worldcoin (WLD) would be the subsequent LUNA.
• The influencer highlighted Worldcoin’s makes an attempt to push WLD’s utility as a mode of cost like fiat currencies.
• Alexander expressed considerations about Worldcoin turning into a trillion-dollar bubble.

Crypto influencer Jordi Alexander believes that Worldcoin might grow to be the following LUNA. Alexander, who additionally serves because the chief alchemist of the Mantle Community, expressed considerations concerning the crypto economics surrounding Worldcoin along with its controversial real-world actions, together with biometric information assortment by retina scans.

Alexander not too long ago appeared in an interview with Crypto Banter the place he mentioned one of the vital hyped tasks within the crypto house, Worldcoin. Worldcoin was launched by Sam Altman, the person behind ChatGPT. The Worldcoin Basis goals to determine the world’s largest decentralized identification and monetary community.

Worldcoin’s native token, WLD, is a vital a part of the challenge’s formidable roadmap. The Worldcoin Basis acknowledges that its success is contingent on WLD’s adoption and its skill to supply, distribute and repair the Orbs which might be used to onboard new customers by biometric scans.

When Alexander drew a comparability between Worldcoin and LUNA, he didn’t imply to suggest that Worldcoin would see the diploma of success that the latter noticed. He needed to suggest that Worldcoin could also be on the identical path as LUNA and undergo an identical destiny involving implosion and insolvency. Based on the influencer, Worldcoin’s goal of turning into a digital base forex for facilitating financial transactions put it in the identical league as LUNA earlier than its unlucky crash final yr.

Alexander said that Worldcoin bore all of the hallmarks of a bubble within the making, and added that it may even grow to be a trillion-dollar bubble if not stopped early on. WLD has gained greater than 36% since its launch just a little over per week in the past. The momentum has prompted a number of traders, giving the token a market capitalization of over $266 million. On the time of writing, WLD was buying and selling at $2.27. The crypto influencer believes its momentum will reverse at round $2.80 when market makers will hit their strike worth and promote the token.