Why Worldcoin (WLD) And PEPE Dominate The Crypto Market Trends This Week
July 28 2023 - 06:00PM
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Worldcoin and its native token WLD have been taking the attention
of crypto investors, according to recent data from Coingecko. The
project recently announced its worldwide launch inviting users to
“visit the orb” and receive rewards by onboarding the platform.
Related Reading: Bitcoin Rally May Not Resume Until This Happens
WLD has doubled its value from its launch on July 24th, when the
cryptocurrency was trading at around $1. The token rose to $2.19
the following week and has been moving sideways since amid a surge
in controversy from different angles. Worldcoin (WLD) Leads Crypto
Tendencies In addition to WLD, Coingecko shows that Bitcoin (BTC),
Unibot (UNIBOT), Chainlink (LINK), HarryPotterObamaSonic10Inu, and
Pepe Coin (PEPE) have been trending along with other tokens.
Bitcoin remains the leader on this chart despite the crash in the
BTC.D chart. This metric gauges the percentage of the crypto total
market cap comprised solely of Bitcoin’s market capitalization.
Often, when the chart trends to the upside, altcoins, such as
Worldcoin (WLD) and PEPE, experience a drop in their prices and
vice versa. In that sense, WLD’s launch came at a favorable time
for small tokens. The project has promised a reward for every user
willing to scan their eyeballs with one of the devices scattered
around different countries. Thus, sparking controversy about their
practices from the crypto community and regulators, some of which
are already looking into the project’s legitimacy. Via his Twitter
(X) account, Adam Cochran wondered if the hype around WLD is
organic or fabricated by a marketing strategy. Cochran wrote: So
either Worldcoin, or some group of Orb operators are legit paying
plants to stand in line at orbs both for videos and to create
demand for the orbs. Got pinged by an old marketing firm friend who
does field event marketing, who was asking if Worldcoin is legit.
PEPE Leads Trends In The United States While WLD took over the
global attention in the nascent sector, PEPE Coin is still the king
of the top trending tokens in 2023. Research conducted by
Marketplace Fairness indicates that the token has been trending
across 23 of the 50 states in the U.S., including Florida,
California, and Texas. Related Reading: UK Regulator To Enquire
About Worldcoin, As WLD Declines By 17% One Day Post-Launch The
cryptocurrency was launched a few months ago but has already
garnered more interest than Cardano (ADA), XRP, Litecoin (LTC),
Dogecoin, etc. Most of these tokens only trended in 2 of the 50
states in the U.S. in 2023.
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