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Worldcoin Crypto Project Could Crash: Investor Warning

• Coin Bureau host Guy Turner is warning that controversial crypto project Worldcoin (WLD) could collapse within a year.
• The project uses iris-scanning technology to provide a decentralized digital ID in exchange for crypto.
• Turner has concerns that the token may not achieve utility within one year and could implode if so.

Controversial Crypto Project Worldcoin Could Crash Soon

Coin Bureau host Guy Turner is warning that the controversial crypto project Worldcoin (WLD) could collapse within a year. The project uses iris-scanning technology to provide a decentralized digital ID in exchange for crypto, but Turner believes it may not achieve utility within one year and could implode if so.

What is Worldcoin?

Worldcoin is an artificial intelligence-based altcoin which uses iris-scanning technology to develop what it claims is a decentralized digital ID in exchange for crypto. It was co-founded by the chief executive of OpenAI Sam Altman and has scanned over two million eyes around the world.

Concerns About Utility & Selling Pressure

The privacy-focused project’s whitepaper states that “the community of users will determine the token’s utility”, but according to Turner, there currently seems to be no way for this to happen. He worries that once hype has faded, selling pressure from those who hold WLD tokens might cause its price to crash significantly due its lack of utility.
At time of writing, Worldcoin is trading at $2.32, down 1.2 during the last 24 hours..

Speculation Around Future Price Action

Naturally, there have been plenty of concerns and opinions about Worldcoin and no shortage of speculation about whether its associated cryptocurrency is the next big thing or another VC (venture capital) pump and dump scenario. If utility isn’t introduced in a year’s time, selling by other WLD recipients could crush its price drastically – something investors should bear in mind when considering whether or not they should buy into this coin now or wait until further developments are made before doing so..

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