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.