Worldcoin (WLD) Skyrockets After Listing on Major Crypto Exchanges
- Shams Ul Zoha
- July 25, 2023
- 4:11 pm
WHAT YOU SHOULD KNOW
- Worldcoin (WLD), founded by OpenAI co-founder Sam Altman, saw a significant surge in value after being listed on major crypto exchanges on July 24.
- Despite facing criticism from various sectors in the crypto community, WLD outperformed well-established cryptocurrencies like Bitcoin (BTC), Ether (ETH), and XRP, recording a one-day gain of 33%.
- Some traders are expressing concerns over WLD’s circulating supply, which currently accounts for only 1% of the total supply, leading to a fully diluted market capitalization surpassing $22 billion.
Worldcoin (WLD), the native token of the “World ID” project, founded by OpenAI co-founder Sam Altman, experienced a significant surge in value after being listed on major cryptocurrency exchanges on July 24. As of the latest update, WLD is trading at $2.22, marking an impressive 33% gain in just one day. Surprisingly, this performance outshines that of well-known cryptocurrencies like Bitcoin (BTC), Ether (ETH), and XRP, all of which saw declines in their prices during the same period.
Despite receiving criticism from various quarters within the crypto industry, Worldcoin’s rapid ascent has caught the attention of traders and investors. However, some are expressing concerns about the circulating supply of WLD compared to its supply cap. Currently, only 1% of the total token supply is in circulation, leading to a fully diluted market capitalization that exceeds $22 billion. This significant difference between the circulating supply and the total supply is a point of interest and caution for those evaluating the token’s potential.
The Worldcoin project aims to establish a “privacy-preserving digital identity” through its World ID initiative. As the token continues to gain traction in the market, traders and investors are closely monitoring its performance and the project’s development to gauge its long-term sustainability and impact in the cryptocurrency space.
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