coinedition.com
In a remarkable turn of events, the recently launched Worldcoin (WLD) has claimed a lofty position in the crypto market. WLD saw over half a billion dollars in trading volume in the last 24 hours, outstripping market leaders in certain metrics.
In a recent tweet, Tom Wan, a research analyst at a prominent firm, revealed that WLD commands a fully diluted valuation (FDV) of over $20 billion, a figure higher than that of Cardano (ADA) and Solana (SOL). Wan added that over 1.7 million WLD tokens have already been distributed to 68,000 crypto users, with the average profit per user hovering around $54.
.@worldcoin @DuneAnalytics dashboard WIP
— Tom Wan (@tomwanhh) July 25, 2023
With the current price, the FDV is as high as $21B, even higher than Cardano/Solana.
Over 1.7M $WLD token has been distributed to 68k users and their average profit is ~$54 pic.twitter.com/kfxYNtVEHL
According to data provided by CoinMarketCap, Solana has an FDV of about $12.7 billion, while Cardano boasts a larger FDV of $13.7 billion. Meanwhile, Worldcoin trades at $2.03, reflecting a 24-hour growth of over 22%, equally gaining more than 26% against the Bitcoin (BTC) pair.
On the other hand, the leading cryptocurrencies on the top ten rankings have been trading in the red over the past 24 hours, with their cumulative seven-day performance equally turning negative.
Cardano (ADA), for example, experienced a significant 2.94% drop over the past day, and a 1.43% decline over the week, putting its current price at $0.304. Similarly, Solana (SOL) declined by 4.96% in the last 24 hours, with a more significant dip of 12.25% over the week.
The recent price surge of WLD is likely due to several factors, including the excitement that it was a new crypto launched by Sam Altman of OpenAI and the widespread listing on major crypto exchanges.
According to an official announcement yesterday, Binance, the largest crypto exchange, listed WLD against the Bitcoin and USDT trading pairs WLD/BTC and WLD/USDT. Interestingly, the exchange promised to add WLD as a new borrowable asset with this new margin pair on an Isolated margin. Similarly, crypto exchanges KuCoin and Gate.io announced listing support for WLD.