WLD Breaks New Heights; Shibie Coin Awaits Your Attention

The token’s price declined after the news spread about the Worldcoin (WLD) ban, raid, and investigation in Kenya.

The WLD price broke the support at $2 on August 8, but it seemingly found new support at $1.9. However, yesterday, August 9, this support broke also, allowing the token to spiral further down.

The WLD price has been balancing just above its next support at $1.8. At the time of writing, it sits at $1.81.

Furthermore, some in the crypto community believe that this will be the level that will allow the Worldcoin price to bounce back up. They think that the token will now see a wave of recovery.

Predictions say that WLD could go up to $2.5 before losing momentum. However, some believe that the support at $1.8 will also break before the token can recover.

These experts are eyeing the token’s next support at $1.7. They are also skeptical about the surge to $2.5, believing that WLD will struggle with resistance at $1.9.

Worldcoin Price Dip Attracts Attention of Crypto Whales

Worldcoin’s price surge predictions might still come to pass, although, as always, there are no certainties with cryptocurrencies.

If it happens, the increase could come due to the crypto whale activity, as the recent dip below the support at $2 has attracted the attention of crypto whales.

Recent data suggests that the whales continued buying WLD, despite the 18% drop in its price. As of August 1, the whales had a cumulative balance of 4.02 million WLD. However, by August 9, that figure climbed to 5.02 million WLD.

The attention of crypto whales is a good thing for the token, significantly since the number of new registered Worldcoin wallets interacting with the token dropped to 440 on August 8. Previously, there were 2,272 active addresses interacting on July 24.

The question now is whether this will be enough to turn the tide on WLD and bring back the dominance of the bulls.

WLD was Success Until Incident in Kenya

Worldcoin (WLD) was launched by the creator of ChatGPT, Sam Altman. Following the launch, the project attracted users from all over the world who downloaded its app.

In the days following the Worldcoin launch, World App downloads hit record highs around the world. pic.twitter.com/K4iV6llPfR

— Tools For Humanity (@tfh_technology) August 3, 2023

The downloads reached a record high until Kenyan authorities raided the project-owned warehouse and confiscated machines believed to contain user data.

Joint Statement by CA and @ODPC_KE on operations of #Worldcoin in Kenya. @ikassait @ezraCHILOBA @ntvkenya @StandardKenya @citizentvkenya @KBCChannel1 @K24Tv @KTNNewsKE @MoICTKenya @EliudOwalo @ekisiangani @PeopleDailyKe @TheStarKenya @CapitalFMKenya @tv47news @NationAfrica pic.twitter.com/bx2IkjFqOe

— Communications Authority of Kenya (CA) (@CA_Kenya) August 2, 2023

Their concerns with privacy and potential harm to Kenyan users forced the government to make the move and then ban the project in the country, at least until the investigation is over.

The move affected Worldcoin’s popularity globally, and the token is now suffering the consequences.

As Worldcoin Drops, Shibie Presale Explodes with Popularity

Following the recent success of the Barbie movie, a new meme coin emerged on the crypto scene.

Known as Shibie (SHIBIE), the project combines Barbie and Shiba Inu, the meme coin sector’s dog mascot. It emerged to become “The Bombshell Bitco of the Crypto World,” as its website suggests.

Its idea — to rewind time to 2021, when Shiba Inu was selling for only $0.00000005. The project expects similar success, so it is selling its token SHIBIE for $0.000167.

So far, Shibie (SHIBIE) had quite a successful presale which already raised over $261k, which is around 26% of its soft cap of $999,999. The presale will continue for another 4 days.

Anyone interested in buying Shibie can do so in exchange for ETH, BNB, or USDT.

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