As we continue to analyze the market, it’s crucial to look at some of the most influential tokens in the crypto space, including Worldcoin ($WLD), Solana ($SOL), and Lido ($LDO).
Each of these tokens presents unique challenges and opportunities, particularly concerning their token unlock schedules and market cap to FDV ratios.
WorldCoin
$WLD (Worldcoin) has become a hot topic in the crypto community, primarily due to its strikingly low market cap to FDV ratio of just 3%. Linear vesting began on July 26, 2024, releasing tokens to investors and the development team. The circulating supply of $WLD is expected to double by July 2025, with full vesting scheduled for completion by July 2028. Since its all-time high in March, $WLD has plunged by 88%, highlighting the risks associated with its inflationary pressures.
Solana
$SOL (Solana) is a token with a storied history in Web3, known for its remarkable performance in 2021 and 2023. On January 7, 2021, 318 million $SOL tokens were distributed, tripling the circulating supply at the time. Despite trading at just $2.36 after a 79% correction, $SOL went on to achieve a 109x increase by November 2021, thanks to favorable market conditions. While the current market environment is less forgiving, Solana’s past performance underscores its resilience. However, with a current staking inflation rate of 7.33% APY, the token faces ongoing inflationary pressure.
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there's been a ton of discussions around VC-backed tokens and those sky-high FDVs with low floats. But how much of it is really backed by solid research?
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Lido Finance
$LDO (Lido) experienced a rapid increase in circulating supply, which nearly quadrupled between December 2021 and December 2022. This aggressive release schedule led to a 71% decline from August to December 2022, followed by a swift 280% recovery. With a market cap to FDV ratio of 100%, $LDO presents an interesting case for investors considering its potential to outperform if a bull market resumes. However, it’s important to note that $LDO is currently down 73% from its January 2024 high.
These tokens illustrate the diverse challenges and opportunities within the crypto market, particularly in how token unlocks and inflationary pressures can influence price performance. Investors should remain cautious and consider these factors when making decisions in this volatile environment.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.