Mon July 18

Happy Saturday everyone! Today we talk about one of the most hyped projects which is Worldcoin!

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What The Heck Is Worldcoin?

🌐 Worldcoin, a digital identity platform with a twist! Aimed at separating the 🤖 bots from the 🧑‍🤝‍🧑 humans, this brainchild of Tools for Humanity and the creator of ChatGPT, Altman, wants to prove you're a real person with style! Forget mundane passwords; World ID is here! 🕶️

The "Orb" device scans your 👁️ iris, creating a unique "IrisCode" that's not linked to your personal info. Your World ID is then added to the Worldcoin blockchain 🗄️, and you've got your own cryptographically secure app for identification. No need for eye-scanning theatrics every time you verify yourself!

💼 But wait, there's more! Your World App is a VIP pass to a growing list of decentralized finance apps. Get your World ID, download the app, and voilà! You'll receive your very own WLD, listed on exchanges like KuCoin and Binance. You will get 25 free Worldcoin tokens, which are worth about $2 (£1.56) each once you sign up.

The Controversy: Worldcoin has faced privacy concerns due to its iris-scanning registration process. Despite claiming 2 million sign-ups before launch, actual numbers seem lower. Sam Altman, the co-founder, tweeted a video of users lining up to sign up, sparking reactions about the motivations behind the registrations. The situation remains a topic of debate and concern in the crypto community. The security of "The Orb" and the handling of sensitive data have been criticized, with notable figures like Jack, former Twitter CEO, and Vitalik Buterin, Ethereum's co-founder, voicing their reservations.

How Many Tokens Are In Supply?

For 15 years following the launch, the supply cap is fixed to 10B WLD (enforced by the WLD smart contract). After 15 years, governance may decide to implement an inflation rate of up to 1.5% per year if it deems it necessary for the long-term sustainability of the protocol. Governance will also decide how to allocate these newly minted tokens (if any). The WLD smart contract enforces the inflation cap of 1.5% per year. Per default, unless changed via governance, the inflation rate is set to 0%. The 10B WLD tokens are allocated to different stakeholders as follows:

• 75% of the WLD tokens are allocated to the Worldcoin community.

• 9.8% of the WLD tokens are allocated to the Initial Development Team.

• 13.5% of the WLD tokens are allocated to TFH Investors.

• 1.7% of the WLD tokens are allocated to the TFH Reserve.

Will Worldcoin Make You A Lot Of Money?

🌟 Worldcoin's funding journey has been quite the rollercoaster! They raised a whopping $125 million across two funding rounds. The Series A round led by Andreessen Horowitz hit $25 million, placing the project at a cool $975 million valuation. And then, the Worldcoin ICO came in swinging, scoring $100 million with investments from Andreessen Horowitz and Khosla Ventures, rocketing the valuation to a stunning $2.9 billion! 🚀💰

📈 The project's launch was nothing short of spectacular, with the WLD price soaring from $0.3 to a whopping $3.58! Of course, a little correction followed, and now it's settled around $2.11. Still, with a market cap of $229,393,529 and 106,022,783 WLD in circulation (out of 10 billion total), the project seems like a true crypto heavyweight, valued at a staggering $21.6 billion! 💹

🧐 However, despite the impressive beginning, retail investors are playing it cool until Worldcoin proves its security and decentralization game. So, predictions are in, and by the end of 2023, the estimated price range is between $3.5 and $4.8, with an average of $4.15. 🗓️ As we look forward to 2024, the Bitcoin halving might spark a crypto bull market, but it remains uncertain how it will impact Worldcoin's price.

With the unlocking of 3.5 billion tokens between launch and year-3 post-launch, liquidity will see a massive increase. Early investors and free token receivers may sell, bringing in some pressure. 📉 To sustain liquidity, speculation and utility become key. While governance might drive demand, the project will need more to win hearts. The whitepaper hints at other utilities like payments and store of value, which might be the ticket to success. But for now, the market cap might be a tad overblown. 💭

💭 So, the crystal ball shows a prediction for 2025 with a price range of $3.8 to $5.2, averaging at $4.5. Let's see where the journey takes Worldcoin!

What Do Other Analysts Think?

💹 CryptoBullsClub sees a range of $5.05 to $6.06 for Worldcoin's price by the end of 2023. 📉

💸 CoinCodex has a slightly different outlook, with a minimum of $1.776928 and a maximum of $2.87 for the same period. 📊

💭 Telagon joins the party, predicting a range of $3.85 to $5.62, with an average price of $4.72 in 2023. But hold on tight, as they also have grand visions for the future! They predict a maximum price of $35.19 by 2030. 🚀

🚀 Pick A Crypto chips in with their forecast, showing lows of $3.618 and highs of $9.449 for Worldcoin by the end of 2023. 📈

🌐 Worldcoin's use case is revolutionary, cryptographically proving identity while preserving privacy—endless potential indeed! But ethics and regulations could still play a role in how the price performs. 😬

💰 And let's not forget the tokenomics—there's room for improvement. Yet, even with that, Worldcoin has reached a whopping $22 billion FDV, giving it some limitations on the upside potential. 💭

Hey there! Just a friendly reminder: this article is not here to provide investment advice or recommendations. We're all about sharing information and knowledge, but when it comes to your investments and trading moves, it's important to remember that there's always risk involved. It's crucial for you, as the reader, to conduct your own research and analysis before making any decisions. So, grab your detective hat and dig deep into the information to make informed choices. Happy researching!