• 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. 

Read CRYPTONEWSLAND on google news

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.

Don't interact with #WadzPay fudders they said
Don't feed the algorithm they said
Well I can't resist 😁
So let me explain how a scam in crypto works
A thread 1/6

1. You put your name, picture and resume for everyone to see pic.twitter.com/hBjpD47WhK

— Michael Dentzer (@MichaelDentzer) August 31, 2024

WTK Community Holds Strong, Expects Major Price Rally Soon

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.

$WTK fam, take your popcorn🍿
As we see in the chart below,price moves in a pattern of descending triangles from 2022 till now. Only in the second triangle we had a little more than 6 months of consolidation,the other ones are much less,
based on chart,34 days left till the break pic.twitter.com/t5VZprWydE

— CryptoHunter(WTK) (@Crypt0_Hunter_) August 30, 2024

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.

disclaimer read more

Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.