Analyst de Crypto

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Solana Will Get Support for Worldcoin’s World ID
Wormhole will tap Solana-based protocols to verify user’s Worldcoin World IDs that were originally verified on Ethereum.
By Ryan S. Gladwin

2 min read

Jun 27, 2024

Worldcoin’s World ID is set to expand to the Solana ecosystem, after Wormhole Labs received approximately $70,000 in funding from the Worldcoin Foundation.

Sam Altman’s Worldcoin was all the rage last summer, as the project’s co-founder claimed that people were enrolling every eight seconds on average. In an attempt to push the project back into the public consciousness, the Worldcoin Foundation launched a grants program, which set aside over $830,000 worth of WLD tokens to fund projects.

One of those projects is the cross-chain protocol Wormhole, which intends to bring Worldcoin’s World ID to the Solana blockchain.$SOL
$WLD

Bitcoin long-term holder inflation rate nears a critical threshold$BTC

Capriole Investments founder Charles Edwards said multiple onchain metrics suggest that Bitcoin’s failure to print new highs after two retests is a “sign of weakness.”

In his latest newsletter, Edwards explained that the Bitcoin long-term holder (LTH) inflation rate has increased steadily over the last two years.

According to Glassnode, the LTH market inflation rate measures annualized accumulation or distribution rates over and above daily issuance to miners. Higher values indicate that LTHs are adding to sell-side pressure as their Bitcoin holdings diminish.

At bull market tops, market inflation peaks above nominal inflation at the 2% threshold, “which typically marks a high likelihood of the cycle top being in,” says Edwards.

Why is Bitcoin falling and when will it recover

The price of Bitcoin briefly dipped as low as $57,874 on Coinbase on July 4, the first time the asset has fallen below the $58,000 mark in more than two months.

Bitcoin $BTC
 has since leveled out to trade for $58,964 at the time of publication but is still down 3.4% on the week, per TradingView data. currently , $BTC does not show any bullish movement ... keep holding for the next one year

Next gold in the upcoming bullrun!!

Dogecoin (DOGE) is a novelty cryptocurrency originally launched as a “memecoin” within the cryptocurrency community. Over time, however, Dogecoin has grown into a large blockchain network and is one of the most popular altcoins available in the market.

There is also a serious basis and reason for the creation and development of Dogecoin. Co-founders, Jackson Palmer and Billy Markus, two software engineers by professional background and experience, wanted to make cryptocurrency accessible to individuals outside of Bitcoin.

It was expressed by the founders that the oversaturation and difficulty in mining Bitcoin from the time of its creation to the start of Dogecoin, made it difficult for the common person to participate in the mining process. This was because of limited resources as well as technological experience. Dogecoin was envisioned as an entry for the less experienced to become involved in the crypto industry.

The launch of Bitcoin in 2009 catalyzed the creation and launch of many different cryptocurrencies, each offering different use cases and functionality. Dogecoin, however, offers no specific use cases — DOGE was a collaborative effort by the crypto community and is now listed on most major exchange platforms.

Dogecoin was originally based on Litecoin and was launched in 2013. Primarily designed to provide a light-hearted means of communicating the basic function of cryptocurrency to mainstream audiences, Dogecoin is based on the “Doge” Shiba Inu meme.#doge
#bitcoinhalving $DOGE

Worldcoin now trading above 2.3 following a tremedous drop. The departure of Sama had triggered a notable drop on the wld token.