2023-7-24 17:58 |
In recent days, the cryptocurrency community has been abuzz with the launch of Worldcoin’s token, $WLD. Promising to build a global identity and financial network owned by all of humanity, Worldcoin has captured the attention of investors and enthusiasts alike. However, opinions on the project’s potential are divided, with some hailing it as the biggest airdrop of all time, while others remain skeptical, hinting at predatory tokenomics and an outrageous fully diluted valuation.
The excitement surrounding Worldcoin’s launch stems from its major listings on various centralized exchanges (CEXs). Some claim that the airdrop offered by Worldcoin has proven attractive, particularly to individuals from lower-income countries. According to Orb-verified reports, one individual received $62 USD worth of $WLD tokens for registering, an amount that could be considered significant in certain parts of the world.
However, as with any emerging project, questions and doubts are inevitable. Worldcoin’s fully diluted valuation, currently standing at a staggering $18.7 billion, has raised eyebrows within the cryptocurrency community. Comparisons have been made to established players like ADA, SOL, DOGE, TRX, MATIC, and even stETH, putting Worldcoin in the same league as some of the major cryptocurrencies. Yet, there are concerns about the limited circulating supply of less than 1.5%, making some investors wary of jumping on board.
Notable figures in the cryptocurrency space have also expressed their reservations. The DeFi Investor, known for their keen insights, has warned about Worldcoin’s VC-backed project status and what they see as predatory tokenomics. While the project may have potential, they strongly advise staying away from its token until further clarity emerges.
Furthermore, the association of Worldcoin with Sam Altman, the prominent figure behind OpenAI, adds an extra layer of intrigue. Some believe that this connection might lead to unpredictable price movements, making it risky for short-sellers.
As with any investment decision, caution and careful consideration are essential. While Worldcoin’s token may present an opportunity for some, others see it as a speculative endeavor. As the cryptocurrency market evolves, more clarity may emerge regarding Worldcoin’s true potential, and investors will need to keep a close eye on developments in the coming days.
In the end, the future of Worldcoin’s $WLD token remains uncertain, and its success will depend on how the project unfolds and addresses the concerns raised by some parts of the community. Whether it becomes the future of cryptocurrencies or not, only time will tell.
The post WorldCoin’s Diluted Market Cap Surpasses ADA, SOL and DOGE But Buying WLD Is a Risky Bet appeared first on CaptainAltcoin.
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