Is Worldcoin ($WLD) The Future Of CryptoKey Takeaway
1. Worldcoin’s WLD token has a market cap of more than $265 million, despite launching less than a fortnight ago.
2. Although there has been a lot of excitement about the project, some crypto experts claim it is a scam.
3. Can Worldcoin grow, or will it be another forgotten crypto?
Worldcoin, the iris-scanning, privacy boosting answer to artificial intelligence created by the man behind the most notorious AI platform around, was the hottest topic in crypto in the summer of 2023.
The system, which is designed to create a world where people can carry out transactions internationally, saw its coin hit a market cap of more than $265 million less than two weeks after it came on the open market.
WLD Price History
Now, let’s examine the, admittedly brief, Worldcoin price history . While we should never take past performance as an indicator of future results, knowing what the coin has achieved can provide us with some very useful context if we want to make or interpret a Worldcoin price prediction.
WLD first came onto the open market in July 2023. On July 24, it opened at an all-time low of $1.66 before reaching an all-time high of $3.58 later that day. Since then, it has fallen down and, on August 4 2023, it was worth about $2.30.
At that time, there were 117.89 million WLD in circulation out of a total supply of 100 billion. This gave the token a market cap of about $267 million, making it the 115th-largest crypto by that metric.
Worldcoin Price Analysis
WLD had a wild ride on its first day of trading. On July 24, it rose 115% before dropping nearly 40% to close at $2.19 and fell a further 12% to $1.91 the following day.
Since then, it has mostly traded between $2 and $2.50, suggesting that the latter price could be its upper limit for now.
Is Worldcoin a Good Investment?
It is hard to say. Keep in mind that WLD has only been openly available for less than two weeks at the time of writing. Therefore, we don’t know how well the token can respond to either massive bull markets or devastating crashes.
There are also some concerns about the platform and its token. It has been accused of not quite being all it makes itself out to be.
Will Worldcoin go up or down?
No one can really tell right now. While the Worldcoin crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.