The Worldcoin token has sunk by more than 41% since its launch
Date: 2023-08-26 Author: Karina Ziganova Categories: BLOCKCHAIN
Mainnet and Worldcoin token were launched on July 24, 2023. A month later, the price of the asset fell by 41.5%, according to TradingView.
At the time of writing, the token is trading at $1.32. At the same time, at the project launch stage, the rate of income is up to $2.6:
“The recent drop in the price of the WLD token is a wake-up call, especially when compared to XRP and some other altcoins that are showing signs of recovery,” BTSE COO Jeff May told The Block.
According to him, the main factor influencing the drawdown of the WLD rate is the increased attention of supervisory authorities. As an example, he referred to the situation in the US and Kenya.
The authorities of the latter banned Worldcoin in the country. It also allegedly set up a parliamentary committee to investigate the company and its product.
The collection of biometric data by the company has also interested regulators in other jurisdictions - France, the UK and Germany.
The company later said it would allow authorities to use its database. This, too, likely affected WLD's market performance.
This is confirmed by the capitalization indicator of the token. Since August 2, 2023, it has fallen by more than $120 million, according to CoinMarketCap.
