The sharp drop in Worldcoin's fully-diluted market valuation summed up the difficulties the Sam Altman-backed project has endured lately.
Unlike the more commonly used circulating market cap, fully diluted market cap is derived by multiplying the market price by the maximum supply of the asset.
This capitalization method estimates how popular a crypto project has the potential to be, once all the coins are released or mined. It’s also used to assess the fair value of a project before and after its launch. The sharp drop in WLD’s valuation summed up the difficulties the Sam Altman-backed project has endured lately. The market price of the tokens, distributed freely in lieu of users’ iris scans, plummeted by more than 40%, data fromApart from issues inherent to its ecosystem, such as concerns over data privacy and mining, the coin became entangled in the broaderAlthough the price made a robust recovery at the time of writing, the temporary dip flagged a possible concern.
However, concerns around data privacy have bogged down the project which started with a bang. Countries like
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