Cointime

Download App
iOS & Android

Analyst Predicts Deep Correction for Sam Altman’s Worldcoin, Updates Outlook on Solana and Two Other Altcoins

Altcoin Sherpa, a well-known analyst, has expressed bearish sentiments towards Worldcoin (WLD), the AI-based crypto project co-created by ChatGPT founder Sam Altman. The analyst predicts that WLD is likely to experience a 40% devaluation from its current price after losing the 0.618 Fibonacci level. Altcoin Sherpa also shared his thoughts on Solana (SOL), Maker (MKR), and Rollbit Coin (RLB), stating that SOL is currently in an area of interest, MKR is his favorite setup, and RLB looks primed for a rally up to its immediate resistance at $0.126.

Comments

All Comments

Recommended for you

  • Binance CEO: Bitcoin is expected to exceed $80,000 by the end of this year, and the crypto industry will be even better next year

    On June 18th, CEO of Binance, Richard Teng, stated on Bankless' YouTube channel that he expects Bitcoin to surpass $80,000 by the end of this year. Teng added that he believes 2025 will be a better year for the entire cryptocurrency industry than 2024, as the overall macroeconomic situation will be better. He explained that we may see interest rate cuts later this year, which will lead to an increase in cryptocurrency prices in 2025.
  • Citigroup raises year-end target for S&P 500 to 5,600

    Citigroup strategist has raised the year-end target for the S&P 500 index from the previous 5,100 points to 5,600 points, becoming the third Wall Street company to raise its expectations for the benchmark index since last Friday, following Goldman Sachs and Evercore ISI. Strategist Scott Chronert wrote in a client report on Monday that continued profit upgrades and profit growth expanding to non-tech stocks prompted the target to be raised. The latest forecast implies a 2% increase from Monday's level. Citigroup raised its full-year earnings per share forecast from $245 to $250.
  • South Korean court receives new evidence that Do Kwon intended to deceive investors with fake transactions

    On June 17th, according to a report from Yonhap News Agency, there is evidence to suggest that Terraform Labs founder Do Kwon and Chai CEO Daniel Shin planned to deceive Terra investors from the beginning of Terraform Labs. Conversation records between Kwon and Shin show that Kwon told Shin he could generate fake transactions that looked real. In response, Shin said, "Let's experiment on a small scale first and see how it goes." These conversation records have been submitted as evidence to the court by the prosecutor's office in the country.
  • Cointime June 16th News Express

    1.37.5 million BLUR were unlocked and transferred to Coinbase Prime half an hour ago 2.The number of EIGEN tokens claimed exceeded 90 million, with nearly 190,000 addresses participating in the claim3.10 hours ago Amber Group deposited 1.2 million STRK to Binance4.Solana Sandwich Bot Arbitrages Over $30 Million in MEV in Two Months 5.US spot Bitcoin ETF still had a net inflow of 17,134 BTC in June 6.Ethereum whales bought more than 700,000 ETH in the past three weeks 7.Tether CEO: More than 300 million people around the world use USDT, and Tether is the main buyer of US Treasury bonds8.Catizen's total number of users exceeds 20 million, and it plans to donate 1% of its revenue to non-profit organizations9.Ethereum Foundation-associated addresses transferred 18,000 ETH to other addresses in the past hour10.Arthur Hayes deposited 3,000 ETH to ether.fi, equivalent to $10.66 million
  • Why is Solana (SOL) price down today?

    Top catalysts driving the SOL price lower include weakness in the SOL/ETH pair and stagnant inflows into the Solana ecosystem.
  • Cointime June 15th News Express

    1. Chairman of the U.S. SEC: The economic substance of a product determines whether it is a security under the Securities Act
  • CSOP: Bitcoin futures ETF asset size exceeds HK$1 billion

    Li Yilin, Senior Vice President of Sales and Product Strategy at Southern Dongying Asset Management, revealed that the mainstream investment market's acceptance of virtual asset-related products is increasing. Currently, the asset size of Southern Dongying Bitcoin Futures ETF has exceeded HKD 1 billion. In addition, the market is eagerly anticipating the listing of spot Ethereum ETF in the United States, which may drive up the prices of virtual assets. Southern Dongying has seen a continuous inflow of funds into Southern Dongying Bitcoin Futures ETF and Southern Dongying Ethereum Futures ETF.
  • 10x Research: Crypto mining stocks may rise further, but it is recommended to invest in the bullish trend of Bitcoin

    According to a report by 10x Research titled "The Escalating Bitcoin Mining War - How to Participate?", Bitfarms is believed to be the primary beneficiary of the ongoing consolidation in the Bitcoin mining industry. While stocks of cryptocurrency mining companies like Bitfarms may continue to rise, it is more favorable to invest in the potential bullish trend of Bitcoin. Despite MicroStrategy's announcement of a proposed private placement of $500 million in convertible senior notes to purchase more Bitcoin, the market reaction has been relatively calm compared to the fourth quarter of 2023 and the first quarter of 2024, when these news led to a significant increase in retail speculation and funding rates.
  • Hong Kong Securities and Futures Commission: Promote the implementation of the mutual recognition arrangement between the Mainland and Hong Kong, and allow sales to public investors in the other marke

    Securities and Futures Commission (SFC) of Hong Kong welcomes the release of the "Hong Kong Mutual Recognition of Funds Management Rules (Revised Draft for Solicitation of Comments)," which promotes the implementation of optimized mutual recognition arrangements for funds. The proposed measures for revision in the draft for solicitation of comments include relaxing the proportion limit for Hong Kong mutual recognition funds sold in the Mainland and allowing Hong Kong mutual recognition funds to transfer investment management functions to overseas asset management institutions under the same group as the manager. Currently, the proportion of mutual recognition funds sold in the other market cannot exceed 50% of the total assets of the fund. After optimization, this proportion limit will be relaxed to 80%. The SFC of Hong Kong will work closely to promote the formulation and implementation of relevant measures and will announce the implementation details and formal launch date of the optimized mutual recognition arrangements in due course. Cross-border mutual recognition of funds is a mature institutional arrangement in the field of international asset management market opening. As early as July 1, 2015, the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission launched mutual recognition of funds, allowing Mainland and Hong Kong funds that meet certain conditions to be recognized or licensed for sale to the public in the other market in accordance with statutory procedures.
  • The listing of spot ETFs has caused Coinbase's Bitcoin reserves to decline rapidly since February

    CryptoQuant disclosed on X platform that the listing of Bitcoin spot ETF caused the Bitcoin reserves of Coinbase exchange to rapidly decline since February. Data shows that on February 18, 2024, Coinbase's Bitcoin reserves were about 1,044,997 BTC, but now this indicator has decreased to 878,000 BTC, a decrease of about 167,000 BTC.