With Worldcoin hitting a $20 billion market cap, the crypto world holds its breath in anticipation of the next Bitcoin. WLD achieved the milestone just days after launch, making it the fastest-gaining cryptocurrency in history.
The fast-rising token has taken the crypto market by storm, but many experts have raised concerns about its business model and mission. Their chief worry is that $20 billion is WLD’s fully diluted market cap. With just 1% of the total supply in circulation, Worldcoin’s real market cap is just $243 million at the current price of $2.23. Instead of rushing in to invest in WLD, some of the biggest analysts recommend taking a look at several other crypto projects that have been flying under the radar despite their massive potential. Wall Street Memes (WSM) and BTC-20 (BTC20) are among the most exciting cryptos on the market currently, setting up to deliver huge ROI to their early investors. With both of these tokens in presale, there is still time to grab some before they explode.
Sam Altman’s Brainchild Worldcoin Shakes the Crypto Market
Sam Altman is best known as the co-creator of the OpenAI platform. He also founded the “privacy-preserving digital identity (World ID)” project, and Worldcoin is its native token. The idea behind the project is to create a unique ID for every person on the planet by scanning their irises to prevent fraud, including ones performed with the help of AI.
Right from the start, the idea caused an uproar among privacy lawyers and activists, but then it took a turn for the worse. Rumors started circulating that the project is connected with Jack Ma, a controversial Chinese businessman with ties to the government in Beijing. Not only will this seriously hinder further WDL development, it casts a shadow of doubt on the whole World ID project. The entire crypto world, known for its devotion to privacy protection, is watching WLD with suspicion. Some even say that the entire project goes against the very idea behind cryptocurrency, claiming that WLD’s long-term sustainability and growth are in serious doubt.
If rumors that Jack Ma is behind the software World ID uses to scan irises it can very well torpedo the World ID project and spell the end of WLD. We are still waiting for Altman’s comments on the issue.
Experts Doubt WLD’s $20 Billion Market Cap
The news that WLD reached $20 billion in market cap caused a lot of attention in the market. However, experts were quick to point out that the number represents a fully diluted market cap, not the real one. With just 108 million tokens in circulation at $2.23, the real market cap is just $243 million. That represents just 1% of the 10 billion total supply.
Some analysts claim that the WLD’s price is inflated due to low circulating supply, artificially creating fake demand to drive the value up. They say that if more tokens were available, WLD wouldn’t be having such success, even accusing creators that it was their real goal.
It remains to be seen whether WLD is just another one-hit wonder, but at the moment there are far better investment options available on the market. Two that readily come to mind are Wall Street Memes and BTC-20. If you are looking for some perspective tokens to add to your portfolio, these are your prime suspects.
Wall Street Memes Offers Better ROI Than WLD
Even though WLD has made some significant gains early on, the opportunity for truly massive ROI has passed. At the moment, the token is peaking, and it is highly doubtful that it can go much higher, considering troubles besieging the Altman’s project.
On the other hand, Wall Street Memes is a new and upcoming meme coin that has been having one of the best presales of the year. With $17.6 million raised so far, it is very close to its hard cap goal and subsequent listings on crypto exchanges. Once that happens, all bets are off, as WSM is a prime candidate for mooning as soon as it hits the open market. All signs point out to 100x gains for the new king of meme coins and a million-strong community built around WSM is eager for their big payday.
BTC20 Can Be The Next Bitcoin
BTC20 is an homage to the original Bitcoin but with several major upgrades. The biggest one is that the new token is launched on the Ethereum network, offering many technical advantages over BTC. With its outdated network, Bitcoin can’t compete with new crypto technologies and is lagging more and more every year.
BTC20 is in the presale stage at the moment, with more than $2 million raised so far. The token’s price of $1 is a nod to Bitcoin in 2011 when the OG crypto first reached parity with the US dollar.
BTC20 offers a highly lucrative staking option for people who aren’t interested in crypto trading. The staking rewards depend on the number of tokens you stake and can be very profitable, especially in the long term. This makes it one of the best investment options on the market at the moment, especially if you get it on presale before the inevitable price increase.
Even though WLD is pumping like crazy right off the bat, some serious concerns about the token’s prospects have been raised. Several experts have pointed out that the $20 billion market cap evaluation comes from just 1% of the token’s total supply, claiming that the high price is the result of an artificially created shortage. With that in mind, perhaps it is better to look for profitable crypto investments elsewhere. Tokens like WSM and BTC20 are excellent opportunities for significant ROI, especially for early investors. Catching them on the ground floor can set you up on a path toward making your first crypto million.