It has been just revealed the fact that there is a controversial altcoin that could surge by double digits. Check out the latest reports about the matter and find out the latest price predictions below.
Altcoin could skyrocket
According to a well-known cryptocurrency trader, there is potential for growth in a controversial altcoin project.
Altcoin Sherpa, a pseudonymous crypto analyst, has informed his 196,400 followers on the social media platform X that Worldcoin (WLD) may experience a surge of more than 11% from its current value.
The trader mentions that he has already taken the majority of his profit in the $1.70-$1.85 range and believes that Worldcoin could ultimately run up to $2.00 or more.
However, he advises against investing in this coin for the long-term and also warns against shorting it. The trader is optimistic about the coin’s uptrend after observing the 200-day exponential moving average (EMA) providing support.
At the moment of writing, Worldcoin is trading at $1.80, showing a 0.3% increase in the past 24 hours. The trader also mentions keeping a close eye on Biconomy’s native governance token, BICO.
This network provides plug-and-play relayer infrastructure to developers, and the token is currently retesting a crucial level.
Although Biconomy is trading for $0.25, with a 26.6% increase in the past 24 hours, the trader advises against buying at the current level since the 200-day EMA is acting as resistance.
Lastly, Terra (LUNA) has bounced off a key Fibonacci level and may retrace gains in the near future before taking off on another rally. The trader mentions having bids in the $0.49 area and considers it their favorite setup.
The latest in the crypto space
CommEX, a local exchange, has acquired Binance’s entire business operations in Russia. Binance will exit the Russian market in a process that may take up to a year to ensure a smooth transition.
The decision to leave Russia was made because Binance believes it is no longer compatible with their business model, although no specific reasons were given. Binance will focus on expanding its business in the over one hundred other countries where it operates.
Noah Perlman, Binance’s Chief Compliance Officer, remains confident in the long-term growth of the Web3 industry worldwide.
