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What happened to the price of Worldcoin (WLD)? What is the reason for the sudden increase? Becomes the third most valuable altcoin on FDV
Interestingly, Worldcoin (WLD), the cryptocurrency project founded by OpenAI CEO Sam Altman, continues its rapid rise.
The altcoin has gained 336% in the last month and 40% in the last 24 hours. Despite having only 1.5% of its maximum supply of 10 billion tokens in circulation, WLD managed to increase its price to $10.90. Currently, WLD's fully diluted market capitalization (FDV) has increased to approximately $103 billion. In other words, if all WLD coins were circulating at the current price, its market capitalization would surpass Tether and it would become the third largest altcoin.
However, due to the low circulation rate of the currency, there are a large number of altcoins waiting to be unlocked. WorldCoin scans the irises of people around the world and in return distributes WLD. The increase in WLD price comes as Worldcoin founder Sam Altman filed a lawsuit yesterday against the ban of WLD in Spain and rejoined the OpenAI board of directors.
Worldcoin also postponed its next coin distribution, which was scheduled for two days later, until two weeks later on March 25. This eliminates $150 million of new supply that was priced at most of the market.
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$Did you know that only 1.49% of the currency #WLD is on the market? And it has a market capitalization of $1.6 billion, so if it were all on the market, it would have to be $109 billion to be at this price, and this would require 40 percent more investments than BNB. Remember, the developers of these projects create them to make a profit. Everything related to this currency is now in the hands of its developers!!! If you want, you can't throw coins into the market and earn 10 times more within this supply limit, this can happen, but do you know what will happen if you decide to increase the supply to 50 percent? It will decrease by 84 percent and your $1,000 will remain at $160. I see it as extremely risky. Extreme! These are my thoughts. Good night.