Worldcoin Status Seem Terrible Right Now And Things Don't Look Good In The Long Term

Worldcoin had a controversial launch collecting biometric data from users. Users trade their personal data for Worldcoin to be used in a decentralized manner according to Worldcoin developers.

The truth is that the data is collected and even if Worldcoin developers don't use it in a bad way, it only takes a leak for it to be out there for anyone to access.

Worldcoin is sitting right now at 1.54$, it has fallen from its all time high of more than 3 dollars and has also recovered from its all time low 10 days ago of 0,97$. Although it recovered from this low, it's worrying that Worldcoin as reached this value not so long ago. It now occupies only the 153rd place by market cap.

The biggest problem is its emition, Worldcoin is going to unlock more than 3 million coins a day, which will probably trigger a downtrend in the price. This is predicted to start happening in July of 2024.

When the project is so far in terms of price and rank from its objectives, it seems clear that when these token start to get unlock the price will probably start to drop aggressively.

Things don't seem good for Worldcoin and it has the potential to be called a money grab and only a data collection platform for the benefit of others.