• 02 July, 2024
Market News

Worldcoin (WLD) Challenges Optimism’s (OP) Dominance in Optimism Ecosystem

Worldcoin (WLD) has emerged as a formidable contender, posing a significant challenge to Optimism (OP) within the Optimism ecosystem. WLD is stealing the spotlight, overpowering OP. 

Optimism, with its flagship token OP, stands as the backbone of the Optimism network. Nevertheless, it appears that OP is not the sole dominant cryptocurrency within this thriving ecosystem. Worldcoin (WLD), alongside a few others, is making its mark.

Worldcoin (WLD) is asserting itself as a formidable competitor within the Optimism ecosystem, giving Optimism (OP) a run for its money. WLD’s recent performance has attracted attention and sparked discussions in the crypto community.

Worldcoin, currently trading at $1.85, has experienced a 0.44% increase in the past seven days. With a market capitalization of approximately $209,817,753, it holds the 158th position in the cryptocurrency market rankings. In the last 24 hours, the trading volume for WLD reached $51,025,827, accounting for 19.80% of its market cap. The volume/market cap ratio stands at 26.08%.

WLD’s circulating supply is 113,375,273 tokens out of a maximum total supply of 10,000,000,000 WLD. The token boasts 8,043 holders, making up 0.087% of the total. With a total of 57,955 transfers recorded, it’s evident that WLD is actively changing hands in the market.

The recent price movement for WLD is a noteworthy point of discussion. It currently trades at $1.85, marking a 2.82% increase when paired with Ethereum (ETH), where it is at 0.000969 ETH. WLD’s fully diluted market capitalization stands at a whopping $18,500,000,000.00, while its circulating supply market cap hovers around $211,004,536.00.

On the other hand, Optimism (OP), the native token of the Optimism network, seems to face some competition from WLD. OP currently has 159 holders and has seen a total of 268 transfers. However, it holds no fully diluted market capitalization, which suggests that there might be unique considerations for this token.

WLD’s recent performance and growing number of holders indicate a promising future for this cryptocurrency within the Optimism ecosystem. As investors weigh the potential for long-term gains, WLD’s 10.46% profit over a 90-day period has turned heads. This profitability surpasses OP, which saw a 0.96% drop in value during the same period.

Optimism (OP) currently trades at $1.55, showing an impressive 11.02% increase over the past seven days. With a market capitalization of $1,364,774,829, it holds the 41st position among all cryptocurrencies by market cap

While OP maintains the lead in trading volume, with $41.1 million exchanged in the last 30 days, WLD is not to be underestimated, especially as 88.49% of whale concentration favors WLD over OP’s 68.58%. This suggests that large investors may be betting on WLD’s superior price performance in the near future.

As the battle for dominance within the Optimism ecosystem continues, both WLD and OP are poised for potential price fluctuations and market dynamics. Investors will closely monitor these tokens as they seek opportunities in this fast-evolving crypto landscape. 

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