These Overlooked Worldcoin Metrics Could Explode WLD Price Soon

Worldcoin has experienced a significant downturn in its market performance this year. The WLD price has seen a substantial decline, dropping approximately 60% within the last month and currently trading near $0.87. While many might interpret this as a cautionary signal, some market observers suggest it could represent a shift from speculative trading towards a focus on long-term value creation.

A notable perspective on this potential transition was shared by a market watcher named Spermix on X. Spermix posits that Worldcoin is not overvalued but rather underappreciated. This viewpoint emphasizes how markets can sometimes overlook assets that are steadily building genuine utility, while attention is diverted to more prominent or trend-driven narratives.

A Discrepancy Between Market Value and Potential Value

One of the key observations made by Spermix is the notable difference between Worldcoin's current market capitalization and its fully diluted valuation. The Worldcoin token currently holds a market cap of around $2 billion, while its fully diluted valuation, which represents the total value if all tokens were in circulation, stands close to $9 billion. This substantial gap highlights a significant disparity.

Such discrepancies can be indicative of unrealized potential. When tokens begin to bridge this valuation gap, they can sometimes experience what traders refer to as "re-rating events," where the market collectively recognizes previously overlooked value. While not a prediction, historical market behavior suggests that these setups can precede strong price movements once fundamental value gains traction.

Despite the recent price decline, WLD continues to record substantial daily trading volume, exceeding $130 million. This level of activity is considerable for a token that has experienced a period of sideways price movement. Consistent and large trading volumes during periods of price stability often suggest that liquidity providers and institutional investors remain engaged in the market.

In essence, there is ongoing participation even as market excitement has diminished. This combination of a stable price and deep liquidity is frequently observed before accumulation phases, where positions are built gradually and discreetly.

Growing Distribution Indicates Organic Demand

Another often overlooked metric is the consistent increase in Worldcoin holders. WLD now boasts over 1.35 million holders, and this number continues to grow. Even with the price facing downward pressure, more wallets are being added, while long-term holders are maintaining their positions. This pattern typically signifies healthy organic growth rather than short-term speculative activity.

This trend suggests that interest in Worldcoin extends beyond mere trading. A base of users and supporters appears to view the token as an integral part of a larger ecosystem, rather than solely as a factor on a price chart.

Building Infrastructure, Not Just Hype

Worldcoin's ecosystem, particularly through its World ID system, is undergoing continuous expansion. An increasing number of applications are integrating World ID, the number of verified users is rising, and on-chain activity continues to grow. This type of development shifts the market's focus from price volatility to tangible, real-world utility.

When a project successfully develops practical use cases such as identity verification, establishing online trust, or providing privacy authentication, it moves closer to becoming essential infrastructure rather than just another cryptocurrency token. This transition may require time, but it often determines which projects demonstrate longevity across multiple market cycles.

The Perspective of a "Value Phase"

Spermix characterizes this current stage as a potential "value phase," where the market begins to acknowledge the established infrastructure and utility, rather than solely focusing on past price highs. Every market cycle features certain tokens that transition from being misunderstood to becoming indispensable, and Worldcoin may be progressing along this trajectory.

The WLD token appears to be evolving from a speculative asset into one supported by increasing adoption and demonstrable utility. While this is a gradual process, these foundational elements are often the bedrock of enduring projects.

Worldcoin is establishing a stable foundation characterized by a growing user base, consistent liquidity, and practical applications. Although the WLD price still faces challenges, the underlying structure of the project appears more robust than its current market performance might suggest.

This phase may not be generating widespread headlines, but it is often during these quieter periods that the groundwork for the next significant market move is laid. Regardless of whether this proves to be Worldcoin's "true value phase," it is undoubtedly a moment worthy of close observation.