- As Bitcoin (BTC) struggles to regain its $60,000 price mark, FUD seeps into other projects.
- WadzPay faces off against major FUD as WTK community members rally over WPC launch.
- Diamond hands look over facts as expect major upturn for WTK price in 34 days.
As the price of Bitcoin (BTC) struggles to reclaim the $60,000 price level again, more fear seeps into the crypto market. Presently, the Crypto Fear & Greed Index is at a score of 29, leading to greater FUD sentiment in the space. While many analysts preach of the glorious bullish pump head, many traders are losing faith and giving in to selling their holdings.
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Another reason for the tug-of-war between bullish and bearish expectations is the fact that altseason has yet to occur. Altcoins have yet to experience a bullish pump that could take their price values to new ATHs. Yet, many altcoins face the same bearish sentiments as the crypto market continues its sluggish sideways movements.
WadzPay Faces Off Against Growing FUD
One of the most popular crypto projects to have been hit hard by the growing FUD this crypto bull cycle is WadzPay (WTK). Expectations for a bullish WTK price surge after its promised double tier-1 listing instead led to a brutal price dip for WTK. This is because the WadzPay team failed to deliver 2 tier-1 listings as they promised.
After a short delay, MEXC was announced as the tier-1 listing for WTK. However, this was seen as a letdown by many in the WTK community who were hoping for an OKX and Binance listing. This paired with a departure from a WTK team member led to a further fall in the WTK price.
A devastated community is now split into two specific factions, a diamond hand faction that believes in the future that WadzPay is trying to build and the latter that believes WTK is a scam. In response to this one dedicated WTK member shares a thought out post highlighting the many transparent and forward-looking moves that WadzPay has establish to remind the paper hands that WTK is not going anywhere and therefore cannot be a scam.
Adding to this steady fire and faith in WadzPay is another voice in the community that talks about WadzPay’s presence at an upcoming official crypto event. This user believes that WTK will return incredibly high ROI to investors due to its current small market cap.
Lastly, as we can see from the post above, an analyst highlights the historic price data for WTK and expects to see a highly bullish upturn for WTK after the next 34 days. This analyst sees the closure of a descending triangle pattern which will lead to an expected WTK price surge.
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