In a surprising rally, WLD, the top cryptocurrency native to OpenAI’s Sam Altman’s eccentric Worldcoin eye-scanning protocol, ranks among the top three cryptocurrencies by fully diluted valuation.
In a surprising rally, WLD, the top cryptocurrency native to OpenAI’s Sam Altman’s eccentric Worldcoin eye-scanning protocol, ranks among the top three cryptocurrencies by fully diluted valuation.
Worldcoin (WLD) Price Almost Doubled in Three Days Despite Legal Issues
Worldcoin (WLD), the key utility cryptocurrency of the protocol of the same name, reached an ATH price today, March 9, 2024. The price of Worldcoin (WLD) touched $11 on major centralized spot exchanges. Its market capitalization surpassed that of The Sandbox (SAND), Axie Infinity (AXS) and peaked at over $1.6 billion.
At the same time, with its monstrous supply, Worldcoin (WLD) managed to become the third largest cryptocurrency by fully diluted valuation, that is, by the hypothetical aggregate price of the net supply at the current market price.
The FDV of Worldcoin (WLD) is now estimated at $106 billion. Today, it replaced US dollar Tether (USDT), a dominant stablecoin, as the third largest FDV crypto. For now, it is only surpassed by Bitcoin (BTC) and Ethereum (ETH).
In the last 24 hours, the price of WLD rose by more than 50%. At press time, Worldcoin (WLD) price bounced but rose again.
WLD is available at $10.62 on major spot and derivatives trading platforms; The volume of operations points to 1.5 billion dollars in equivalent.
As Guru-Investingpreviously reported, a Spanish data protection regulator ordered Worldcoin (WLD) to stop all operations in the country.
Is the NVIDIA conference to blame?
Worldcoin’s (WLD) pump comes amid its team’s decision to postpone the next round of the grant program on March 25 to coincide with the NVIDIA-backed GTC AI 2024 Conference.
As noted by pseudonymous DeFi researcher and trader who goes by @thiccyth0t on X (formerly Twitter), this move costs the Worldcoin Foundation $150 million in tokens that were already “valued” by the markets.
In a thread shared with his 38,200 followers, @thiccyth0t adds that he won’t be surprised by an increase in Worldcoin’s (WLD) fully diluted valuation to $200 billion.
For context, the FDV of Ethereum (ETH), the second largest cryptocurrency, is $472 billion, while Bitcoin (BTC) sees this metric at over $1.4 trillion.
