Introduction to World Token (WORLD)
World Token (WORLD) is an Ethereum-based cryptocurrency launched in January 2021. It operates as a digital asset with a circulating supply of 95 million coins. As of the latest data, its market capitalization stands at approximately $178 thousand, ranking it #2110 among cryptocurrencies globally. The token's value has experienced significant volatility since its inception, reflecting broader market trends and specific project developments.
Detailed Price Analysis and Market Performance
Current Price Statistics
The live price of World Token is $0.00188, reflecting a slight decrease of 0.62% over the past 24 hours. During this period, the token traded within a range of $0.00183 to $0.00189. Over the past 52 weeks, its price fluctuated between $0.00107 and $0.00321, demonstrating the volatile nature of smaller market cap cryptocurrencies.
Historical Performance Context
World Token reached its all-time high of $0.1886 on March 27, 2021. Since then, the token has declined significantly from its peak, down approximately 98.33% from its initial recorded exchange rate of $0.1122. The lowest price ever recorded was $0.0005558 in September 2022, making the current price represent a 525.22% increase from that low point.
Trading Volume and Liquidity
Recent 24-hour trading volume stands at $37.90, with 20,208 WORLD tokens exchanged. The token is currently available on only one exchange, specifically the second version of Uniswap, where it can only be traded against ETH. This limited availability creates challenges for investors seeking to execute larger orders, as low volume can impact price stability and execution.
For those interested in exploring alternative investment options with potentially better liquidity, you can view real-time trading platforms that offer a wider selection of digital assets.
Technical Analysis and Market Indicators
Key Technical Indicators
The current technical analysis presents mixed signals for World Token:
- RSI (14): 45.19 (Natural)
- Commodity Channel Index (20): -7.06 (Natural)
- Average Directional Index (14): 47.43 (Natural)
- Moving averages show conflicting signals with both buy and sell indications across different time frames
Support and Resistance Levels
According to technical analysis, WORLD needs to maintain support above $0.00163 to potentially move toward the first major resistance level at $0.00605. Beyond this, subsequent resistance levels exist at $0.0107 and $0.0162. These levels represent critical price points that traders monitor for potential breakout or rejection signals.
Market Capitalization and Supply Metrics
Circulation and Valuation
With a circulating supply of 95 million coins, World Token's market capitalization calculation results in approximately $178 thousand. The fully diluted market cap, calculated using total supply, would be approximately $187.6 thousand. This places WORLD in the category of micro-cap cryptocurrencies, which typically exhibit higher volatility and lower liquidity compared to larger digital assets.
Wealth Distribution Analysis
The distribution of WORLD tokens shows significant concentration among top holders:
- Top 10 addresses hold 75.20% of total supply
- Addresses 11-100 hold 11.67%
- Addresses 101-1000 hold 10.76%
- Remaining addresses hold just 2.37%
This concentration indicates that a small number of entities control most of the supply, which can impact price stability and decentralization.
Ecosystem and Adoption Metrics
Blockchain Activity
Since its launch in January 2021, World Token has been acquired by 5,042 unique wallets, with 20,991 total token transfers recorded. These metrics provide insight into adoption rates and network activity, which remain relatively modest compared to more established cryptocurrencies.
Comparative Performance
When compared to other cryptocurrencies launched in 2021, WORLD demonstrates below-average trading volume. The average trading volume for 2021-launched coins is approximately $285K, while WORLD averages only $38 in daily volume. This suggests lower market interest and adoption compared to peers.
Investment Considerations and Risk Assessment
Return on Investment Metrics
Recent ROI figures present a mixed picture:
- 3-month ROI: +35.96%
- 6-month ROI: -30.95%
- 12-month ROI: -32.02%
- Maximum drawdown: -99.86%
These statistics highlight both short-term gains and longer-term challenges, emphasizing the importance of careful risk management when considering investment.
Volatility and Risk Factors
Volatility metrics show 0% across 3, 6, and 12-month periods in the provided data, though this may reflect calculation methodologies rather than actual price stability. The token's limited exchange availability and low trading volume contribute to potential liquidity risks and price slippage for larger orders.
For investors seeking diversified exposure to digital assets, it's worth to explore established trading platforms that offer enhanced security and liquidity features.
Frequently Asked Questions
What is the current price of World Token (WORLD)?
The current price is $0.00188 per WORLD token, representing a decrease of 0.62% in the past 24 hours. The price has remained relatively stable over the past week, trading within a narrow range despite broader market movements.
What was the highest price ever reached by World Token?
World Token reached its all-time high of $0.1886 on March 27, 2021. This represents a significant decrease from current levels, with the token down approximately 98.33% from this peak valuation.
How does World Token's market capitalization compare to other cryptocurrencies?
With a market cap of $178 thousand, World Token ranks #2110 among all cryptocurrencies. This places it in the micro-cap category, which typically experiences higher volatility and lower liquidity than larger digital assets.
What exchanges support World Token trading?
WORLD is currently available only on Uniswap V2, where it trades exclusively against ETH. This limited availability impacts accessibility for many investors and contributes to lower trading volumes.
How is wealth distributed among WORLD holders?
Wealth distribution shows significant concentration, with the top 10 addresses controlling 75.20% of the total supply. This concentration can impact price stability and governance decentralization within the ecosystem.
What are the main technical indicators suggesting for WORLD's price movement?
Technical indicators present mixed signals, with some moving averages indicating buy signals while others suggest sell positions. The token needs to maintain support above $0.00163 to potentially test higher resistance levels in the near term.
Conclusion
World Token represents a micro-cap cryptocurrency with specific challenges and opportunities. Its limited exchange availability, concentrated ownership, and low trading volumes present unique considerations for potential investors. While short-term gains have been possible, the token has struggled to maintain value since its all-time high in 2021. As with any cryptocurrency investment, thorough research and careful risk management are essential when considering exposure to WORLD or similar digital assets.