Crypto influencer Jordi Alexander believes Worldcoin could be the next LUNA. Alexander, who works at Mantle Network, expressed concerns about the crypto economy surrounding WLD, including biometric data collection through retina scans.
Alexander recently discussed Worldcoin, one of the most talked about projects in the crypto world, in an interview with Crypto Banter. Worldcoin was started by Sam Altman, the man behind ChatGPT. Worldcoin Foundation aims to build the world's largest decentralized identity and finance network.
Worldcoin's native token, WLD, is an important part of the project's ambitious roadmap. The Worldcoin Foundation acknowledges that its success depends on the adoption of WLD and its ability to produce, distribute and service Orbs, which are used to onboard new users through biometric scans.
Worldcoin follows LUNA's path!
Alexander stated that he did not mean to imply that he would see the degree of success when making a comparison between WLD and LUNA. He wanted to imply that WLD might be on the same path as LUNA and suffer a similar fate involving explosion and bankruptcy. According to the cryptocurrency phenomenon, Worldcoin's goal of becoming a digital base currency to facilitate monetary transactions put it in the same league as LUNA before its unfortunate collapse last year.
Alexander stated that WLD has all the characteristics of a bubble in the making and added that it could even become a trillion-dollar bubble if it is not stopped early. WLD has gained more than 36 percent since its launch a little over a week ago.
This momentum mobilized many investors, giving the token a market value of over $266 million. At the time of writing, WLD was trading at $2.27. The crypto commentator believes the momentum will reverse at around $2.80 when market makers will reach their strike price and sell the token.
