Token

Worldcoin

ZachXBT

Coin

<ul class="news-points">
 <li>Worldcoin is facing risks of significant market capitalization devaluation.</li>
 <li>WLD is trading at $2.47, down 4.5% in the last 24 hours.</li>
 <li>ZachXBT recently called Worldcoin as the “biggest scam” in this bull run.</li>
</ul>
Worldcoin, a blockchain project from ChatGPT-maker OpenAI, has gained significant traction since its launch in July 2023. Now ranked among the top 100 digital assets by market capitalization, the project’s native token, WLD, is facing potential devaluation due to a small portion of its total supply being in circulation.
Data from IntoTheBlock suggests an <a href="https://x.com/i/web/status/1810943719777984656" target="_blank" rel="noopener noreferrer nofollow">increased risk of dilution</a> in WLD’s market cap over time, with future token unlocks potentially leading to significant losses for holders.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXc3jFKmcOXRcu0rTHnYWUB3rcH2o_dQU4Gb1br2fyVz_-PEpIO2cjfxjxSpbRwr_Cjr04mtSfXUxWSJkGBcv8VvT1Fjx-9jyFUFltLUmk7XStYpSEKLyQEeu41IqrJfH1IESm51R_Ex6ARc7O7E_iTblid3?key=y8lzYH2rX7x7Wc8khBD6QQ" alt="">
</figure>
To break down the effect of lower circulation on prices, IntoTheBlock <a href="https://x.com/intotheblock/status/1811314732017578329" target="_blank" rel="noopener noreferrer nofollow">gave the example</a> of a hypothetical cryptocurrency “A” priced at $1 with only 10% of its total supply in circulation. Since market cap is calculated using circulating supply, IntoTheBlock explained that if “the remaining 90% of the tokens enter circulation, the overall value must increase significantly to maintain the $1 price per token,” adding:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “In essence, as more tokens enter circu…
</blockquote>
The post <a href="https://coinedition.com/worldcoins-wld-token-faces-dilution-risk-amid-low-circulating-supply/" rel="noopener noreferrer nofollow">Worldcoin’s WLD Token Faces Dilution Risk Amid Low Circulating Supply</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Worldcoin’s WLD Token Faces Dilution Risk Amid Low Circulating Supply

Coin Edition

Andre artikler udgivet 22. jul. 2024

Kaspa (KAS) Rallies Under The Radar With Spotlight On Presale Casino Ace Rollblock (RBLK), Celest...

State-led amicus brief criticizes SEC’s power regulating cryptocurrencies

Golem (GLM) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Celestia Price Analysis: Will TIA Reclaim ATH as Crypto Market Re-Enters Greed Phase?

ApeCoin holders mull proposal for Bored Ape-themed hotel in Bangkok

Rollblock Has Become The Fastest Growing Crypto Presale Of July; Analysts Foresee Further Drops F...

Join our free newsletter for daily crypto updates!