Exploring OP and WLD Tokens: What You Need to Know
When it comes to cryptocurrency, there are always interesting insights to uncover. Recently, a comparison was made between the native token of the Optimism network, OP, and the Worldcoin (WLD) token. Let’s take a closer look at these tokens and what the data reveals.
OP vs. WLD: A Look at Holder Count
Optimism’s native token, OP, has the highest number of holders in the Optimism ecosystem with 978,000 holders. Following closely behind is WLD, with 788,000 holders.
This data suggests that while more holders believe in the long-term potential of OP, WLD also has a significant number of supporters who see potential gains.
Profitability: OP vs. WLD
When it comes to profitability, the data tells an interesting story. OP’s value dropped by 0.96% over a 90-day period, while WLD gained 10.46% within the same timeframe. Additionally, 59.36% of WLD holders were in profit, surpassing OP and Velodrome.
Trading Volume and Whale Concentration
In terms of trading volume, OP leads the pack with $41.1 million in the last 30 days. On the other hand, WLD had a lesser volume than some other tokens.
However, WLD had more whale concentration, with 88.49% compared to OP’s 68.58%. This means there is a better distribution among OP holders, but it also suggests that large investors are focusing on WLD, potentially indicating a superior price performance.
Taking the Market Cap into Account
When comparing these tokens, it’s essential to consider their market cap and the distribution of large investors. Extras Finance had the highest whale concentration, followed by VELO, and then WLD.
Ultimately, while OP may have more holders and a higher trading volume, WLD’s profitability and whale concentration are noteworthy. These factors could indicate exciting opportunities for both tokens in the future.
### News source: ambcrypto.com