$WLD Without a new narrative, the fundamentals are completely rotten.
The market cap of WLD has returned to its historical peak, but unfortunately, the price has still dropped by 80%. Where does the confidence come from that the price can break 10? Breaking 3 would be a miracle, right? The risk-reward ratio for going long on this coin is extremely poor!
The reason is that $WLD has maximized the disadvantages of VC coins, completely losing face. A supply of 10 billion coins and an initial circulation of 100 million is simply a joke. The knife is directly aimed at the retail investors.
In just a few months, the unlock amount has increased sevenfold. Who picked up the tab? You don’t really think it was the project team buying back, do you? 😅
With the continuous daily unlock, it's very difficult for the coin price to rise any further. $3 will be the ceiling for this bull market of $WLD. It won't be long before even $1 becomes a height that WLD struggles to reach.
All the advice has been given. Those still buying now can only hope you can still smile next year.