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Worldcoin, one of the most controversial cryptocurrencies, has experienced significant volatility since its launch at $1.9, peaking at $11.84 before falling back to $2.37. The coin, founded by Sam Altman, initially rose due to its promise as an AI token but faced controversies regarding biometric data usage. Investigations from multiple countries, including Germany, the UK, and Spain, contributed to its decline. However, recent developments suggest a potential recovery. Worldcoin has made strides with the creation of its own Ethereum Layer-2 solution, Worldchain, and surpassing 10 million users. Additionally, hiring top ex-Google executives to enhance security has bolstered confidence.

Technical analysis shows promising patterns for a price rally. Three patterns indicate a bullish trend: the end of a downtrend at $1.75, a minor downtrend ending at $2, and the formation of a “Shifting Bottom.” These patterns, along with positive RSI and MACD indicators, suggest Worldcoin could reach $8.7 if it overcomes resistances at $3.15 and $4.5. Analyst predictions for Worldcoin’s future price vary, with potential highs of $4.5 in 2024 and $50 by 2029, assuming favorable market conditions and technological advancements. ✨

In conclusion, Worldcoin’s journey has been tumultuous, but recent developments and technical indicators offer a glimmer of hope for its recovery and potential growth. 🚀🔮