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\t\t\t\t\t\t\t\tPosted: September 12, 2023 The price of Worldcoin [WLD]<\/a> has been trading sideways since the beginning of September, but accumulation among daily traders has climbed, an assessment of the alt\u2019s price movement on a daily chart showed.<\/span><\/p>\n Source: CoinMarketCap<\/p>\n<\/div>\n Is your portfolio green? Check the\u00a0WLD Profit Calculator<\/a><\/p>\n At press time, WLD traded at $1.09. With a 63% decline in the alt\u2019s value since launch in July, recent accumulation activity becomes noteworthy.\u00a0<\/span><\/p>\n The steady decline in value has been due to the regulatory concerns that have plagued the project since it was launched.\u00a0<\/span><\/p>\n With mounting regulatory scrutiny, the social activity around the WLD token has dwindled, suggesting that interest in it has dropped significantly.\u00a0<\/span><\/p>\n On 7 September, WLD reached its highest level in two weeks and exchanged hands at $1.37. On-chain data showed that the day was marked by an uptick in the number of daily active addresses that traded the altcoin and new demand for it.<\/span><\/p>\n According to Santiment<\/a>, the count of unique wallet addresses that completed WLD transactions on 7 September totaled 246, growing by 15% from the previous day\u2019s 213 addresses. This represented the token\u2019s highest daily active address count since 16 August.<\/span><\/p>\n The token also saw an uptick in new demand on that day. About 86 new WLD addresses were created, and this demand contributed to the price growth recorded.<\/span><\/p>\n Source: Santiment<\/p>\n<\/div>\n Whales took advantage of the intraday price rally to execute large trades. Data from Santiment revealed a significant spike in the number of WLD transactions worth over $100,000 and $1 million completed on 7 September.\u00a0<\/span><\/p>\n On that day, 27 WLD transactions worth above $100,000 were executed. This represented a 1250% increase from 2 completed a day prior. Also, 9 whale transactions over $1 million were completed on the same day. Whereas on 6 September, only one was recorded.\u00a0<\/span><\/p>\n Source: Santiment<\/p>\n<\/div>\n Due to the jump in the network activity, the K line (blue) of the altcoin\u2019s Stochastic RSI indicator had crossed the 80 line by 8 September, suggesting that WLD was briefly oversold.<\/span><\/p>\n The Stochastic RSI indicator measures momentum and identifies overbought and oversold conditions in the market. With distribution outpaced by accumulation at press time, the K line of the indicator was spotted at 61.74%.<\/span><\/p>\n Source: WLD\/USDT on TradingView<\/p>\n<\/div>\n How much are\u00a01, 10, or 100 WLD worth<\/a>\u00a0today?<\/p>\n A look at how profitable WLD investments have been since the project launched revealed that 94.02% of all addresses holding the token do so below their cost basis. According to data from IntoTheBlock<\/a>, 5,900 addresses holding the asset are at a loss.\u00a0<\/span><\/p>\n Conversely, only 64 addresses were deemed to be \u201cin the money,\u201d data from IntoTheBlock showed.\u00a0<\/span><\/p>\n
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\nWhat has happened in the last week?<\/b><\/h4>\n
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\nWill it be worth it?<\/b><\/h4>\n
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