Altcoin Performance Assessment: Future Outlook for Worldcoin (WLD), Solana (SOL), and 2 Other Alternative Cryptocurrencies

Worldcoin (WLD) – Short Term vs. Long Term

Worldcoin (WLD), an AI-based cryptocurrency co-founded by Sam Altman, is currently under scrutiny for its potential price trajectory. The market report suggests that WLD, launched in July with no history to compare, will experience a bearish movement for the years 2023-2024. Altcoin Sherpa’s recent series of posts indicated that WLD may undergo a significant correction, with a forecasted decline of nearly 40% from its current value. However, traders are cautioned to consider short-term goals over long-term aims.

“WLD: don’t buy this thing until low $1s”

Despite the promise held by its advanced blockchain technology and iris-scanning integration, WLD is expected to explore new lows before a potential rebound. As of reporting, Worldcoin (WLD) is valued at $2.03.

Solana (SOL) – Resilience and Key Support Levels

Solana is experiencing a meteoric rise due to its transformative impact on decentralized applications, according to Altcoin Sherpa. SOL’s current price hovers around its 200-day exponential moving average (EMA), a critical level that could influence its future movement.

The bullish market presents an opportune time to buy Solana (SOL) with higher chances of success. The current trading price for Solana is $23.07, while the key level to monitor is the $22.62 mark representing the 200-day EMA.

Maker (MKR) – Favorable Indicators and Accumulation

The analyst highlights positive indicators for Maker (MKR), which backs the stablecoin Dai (DAI). The 0.50 Fibonacci retracement level is in focus, indicating a potential buying opportunity around the $1000 mark. The psychological significance of this level is emphasized, with optimism for a positive outcome. Maker (MKR) is currently priced at $1,209.

Rollbit Coin (RLB) – Overcoming FUD and Potential Rally

Despite prevailing fear, uncertainty, and doubt (FUD), Altcoin Sherpa maintains faith in RLB’s long-term potential. A possible rally in RLB is forecasted, with a stop positioned above the $0.126 barrier level. The analyst’s confidence in Rollbit Coin is such that partial profits are planned while holding a “runner” position. While remaining undervalued, RLB could be a suitable long-term option. The current price of a single Rollbit Coin is $0.118.

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