Worldcoin

Date: Fri, Sept 13, 2024, 06:15 AM GMTWorldcoin (WLD), the ambitious project aiming to create the world’s largest privacy-preserving identity and financial network, has seen a notable surge in the market today. The token&#39;s price increased by 6.20%, bringing its current value to $1.49 and pushing its market capitalization to $648 million.However, despite this recent uptick, Worldcoin’s overall performance paints a different picture. The token has struggled to maintain its momentum since reaching an all-time high of $11.97 on March 11, 2024, during the height of the AI and ChatGPT hype. Currently, WLD is down a staggering 85% from its peak.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/badae3b9825d4557ac694032a3e1c9c6.png" />Amid this backdrop, concerns over Worldcoin’s tokenomics have been raised by crypto investor <a href="https://x.com/AltbriMarius/status/1834000864161476992" rel="noopener noreferrer nofollow">&#64;AltbriMarius</a> on the X platform. He expressed serious doubts about the sustainability of Worldcoin’s economic model, stating:<blockquote>“$WLD has the bad tokenomics right now. $WLD currently has a daily unlock of 3.4 million tokens ($4.75 million) and a monthly unlock of 102 million tokens ($140 million). Worldcoin investors receive 1.3 million WLD daily and the Worldcoin team receives 1.8 million tokens daily. That’s a high sell pressure of $140 million monthly considering that $WLD’s circulating market cap is only $600 million. I think short-term pump and dumps should be expected more often on $WLD to attract buyers for exit liquidity but for long-term price forecast…”</blockquote>The investor’s concerns highlight the potential risks associated with Worldcoin’s current token distribution strategy. With such a large volume of tokens being <a href="https://coinsprobe.com/top-token-unlocks-to-watch-out-sui-imx-and-zeta-in-the-spotlight/" rel="noopener noreferrer nofollow">unlocked </a>and distributed daily and monthly, there is significant selling pressure that could hinder long-term price stability.While the recent price increase may offer some optimism to short-term traders, the sustainability of WLD’s value remains uncertain in the eyes of some investors. As Worldcoin continues to develop and expand its network, how it manages these tokenomics challenges will likely play a crucial role in its future success.Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice.Recent Article: <a href="https://coinsprobe.com/top-real-world-asset-tokens-qnt-and-om-post-25-weekly-gains-whats-ahead/" rel="noopener noreferrer nofollow">Top Real World Asset Tokens QNT and OM Post 25% Weekly Gains—What&#39;s Ahead?</a>

Worldcoin Marks Major Gains, Yet Investor Highlights Concerns Over Tokenomics

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