What is WorldCoin (WDC)?
WorldCoin (WDC) is a digital asset designed to facilitate global transactions and promote financial inclusivity. It operates on a decentralized network, utilizing blockchain technology to ensure secure and transparent operations. The project aims to create a universally accessible financial system.
Understanding the fundamental principles and current status of WorldCoin is crucial for anyone interested in the digital currency space.
WorldCoin (WDC) Real-Time Market Data
As of the latest update, key metrics for WorldCoin provide a snapshot of its market performance. These figures are essential for assessing the asset's current standing.
- Current Price: The value is subject to constant change due to market dynamics.
- Market Capitalization: Approximately $295,055.00, indicating the total market value of all circulating coins.
- 24-Hour Trading Volume: Around $94.81, representing the total value of WDC traded over one day.
- Circulating Supply: Exactly 140,480,247.00 WDC tokens are currently in circulation.
- Total Supply: The total supply is identical to the circulating supply at 140,480,247.00 WDC.
- All-Time High: The highest price ever recorded for WDC was $0.03.
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Historical Price Performance of WorldCoin
Analyzing historical trends helps investors understand an asset's volatility and potential cycles. The performance of WorldCoin over various periods shows characteristic market movements.
| Period | Price Change |
|---|---|
| Last Hour | 0.00% |
| Last 24 Hours | 16.67% |
| Last Week | -16.14% |
| Last 14 Days | -29.93% |
| Last Month | -23.15% |
| Last Two Months | -38.24% |
| Last 200 Days | -73.06% |
| Last Year | -58.43% |
This table reveals significant volatility, with substantial decreases over longer periods contrasted by short-term increases. Such patterns are common in emerging digital assets and highlight the importance of a long-term perspective and thorough research.
Key Factors Influencing WorldCoin's Value
The price of WorldCoin, like other cryptocurrencies, is influenced by a complex interplay of factors. Grasping these can provide valuable context for its price movements.
- Market Sentiment: Overall investor feeling towards the crypto market significantly impacts WDC. Positive news can drive prices up, while negative sentiment can cause declines.
- Project Developments: Technical upgrades, partnership announcements, and progress towards the project's roadmap goals can positively affect value.
- Adoption Rate: An increase in the number of users and businesses accepting WDC as payment is a strong fundamental driver for long-term price appreciation.
- Regulatory News: Government regulations and statements from financial authorities worldwide can create waves of buying or selling pressure across the entire crypto sector.
How and Where to Track WorldCoin
Staying informed with accurate and timely data is critical for making educated decisions. Numerous reputable websites and applications provide real-time price tracking, historical charts, and market analysis for WorldCoin and thousands of other digital assets.
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Frequently Asked Questions
What is the main goal of the WorldCoin project?
WorldCoin aims to build a new identity and financial network that is owned by everyone. Its objectives often focus on global inclusivity and providing access to the digital economy through innovative technology.
How can I purchase WorldCoin (WDC)?
WDC can be acquired on various cryptocurrency exchanges. The process typically involves creating an account on a supported platform, completing any necessary verification, depositing funds, and executing a trade for WDC.
Is investing in WorldCoin considered high risk?
Yes, like most cryptocurrencies, especially those with smaller market capitalizations, WorldCoin is considered a high-risk investment. Its price is highly volatile, and potential investors should only commit funds they are prepared to lose.
What does 'circulating supply' mean?
Circulating supply refers to the number of cryptocurrency coins or tokens that are publicly available and circulating in the market. It is a key metric used to calculate market capitalization.
Why is the 24-hour trading volume important?
Trading volume indicates the liquidity of an asset. A higher volume generally means the asset can be bought or sold more easily without causing a significant impact on its price, and it often signifies greater market interest.
Can the total supply of WorldCoin change?
The total supply is typically defined by the project's protocol. While some cryptocurrencies have a fixed maximum supply, others may have inflationary mechanisms. It's important to consult the project's official documentation for its specific monetary policy.
Conclusion
WorldCoin represents an interesting project within the vast digital currency ecosystem. Its market data shows the high volatility typical of the asset class, underscoring the need for careful analysis and a clear understanding of one's risk tolerance. Monitoring key metrics, staying updated on project developments, and using reliable tools for analysis are fundamental practices for anyone following WDC.
Always remember to conduct your own thorough research and consider your financial situation before engaging with any cryptocurrency.