You're about to get a realistic price prediction and an honest crypto review of Worldcoin. I'm extremely negative on Worldcoin, as I am with most of crypto, and I'm going to walk you through exactly why. In my opinion this is the most important Worldcoin review you could read, because to me there are some massive, obvious problems with it.
And I told you so. I made a video about eight months ago when the price was around $2, and I said you're all going to get destroyed on this. I made that call when the price was roughly $2 and I warned you that you would lose money on it. So what's happened since? The price is down about 50% since my last review, and from where I sit things only get worse.
The valuation makes no sense
First off, Worldcoin's fully diluted valuation is around $11 billion. That's about three times as much as what I consider the best technology in crypto, which is Internet Computer Protocol, and ICP actually does on the blockchain everything that Worldcoin only talks about. So you've got a speculative coin that, from what I can see, does nothing, valued at three times the best tech in crypto. That looks bad on its face.
It already had its big pump earlier. To me, I don't see why anyone would buy this unless you're completely uninformed and not doing your own research. And I'm not talking down to anyone here, because I've bought plenty of things in exactly that state myself. But if I happened to be holding this, I would dump all of it right now, and here's a huge reason why: right now about 72% of the coins are still locked. You are going to get absolutely dumped on as a holder by all of those unlocks coming.
It talks a big mission about building the world's largest identity and financial network, but in my experience the execution is shockingly disappointing, and the coin itself appears to have no real value.
Where's the actual ownership?
The pitch is that the Worldcoin system revolves around World ID, a privacy-preserving global identity network. But here's the reality. If you actually go into the documentation, which honestly how many people ever do, it says Worldcoin is built on the Superchain and it points you to Optimism. So this looks like it's basically built on, or is a kind of clone of, Optimism, which is an Ethereum Layer 2.
That means almost everything they build with World ID is going to live off the blockchain on centralized tech. So if you're holding the coin, or using the Optimism-style Layer 2, your coin and that Layer 2 have no actual ownership by code over anything that World ID includes. To me, that means the coin as it's being presented is fundamentally misleading.
Think about it this way. If this were a stock instead, the stock would carry legal ownership over anything the company created. But because this is a coin and not a stock, there is no legal ownership. The only way you get real ownership with a coin is through code. And the only way I know to do that in the world today is to build a coin on Internet Computer Protocol and then decentralize it using a Service Nervous System. That actually gives you real ownership of a coin via code. Worldcoin does not do this. So in my view the coin is purely speculative and is basically a meme coin. The World App is not on the blockchain, it's something they control. World ID is something they control. It may have small interactions with the blockchain, but all the verification happens off-chain, which to me makes holding the coin completely worthless.
The website promises what the tech can't deliver
Let's go further, because it just keeps getting worse. They did at least clean up their website since I criticized it in my last review. Now it's shockingly simple at world.org: "Identity, finance, and community for every human." But if you don't have real technology to deliver that, you're making promises you can't keep.
World ID is pitched as "an anonymous proof of human for the age of AI." If you're all hyped about that, in my opinion it's not as big a deal or as valuable as it's made out to be. It is useful. But without the entire rest of the blockchain ecosystem integrated, and without being able to do everything on the same chain, I think it's worthless as an investment.
Compare it to what's already working on ICP
Let me show you what real, comparable tech looks like. There's a project called Decide AI on Internet Computer Protocol. It's my favorite AI crypto, and it's all on ICP. They have a program you can use completely for free, entirely on the Internet Computer blockchain. My giveaways channel requires you to be verified as a real human user, with a checkmark next to your name. You do that on OpenChat, which runs 100% on the Internet Computer Protocol blockchain, and it's free.
You click on profile settings, go to verification, and it sends you over to Decide ID, which uses face recognition and then submits directly back to the ICP blockchain that you're verified as a real human. It instantly puts a checkmark back in OpenChat, fully on-chain with ICP, and it's immediately useful. Over 30,000 people have already done this on ICP. That tech is, in my view, far superior to what Worldcoin is using.
Now look at the market caps. Decide AI is valued at around $20 million. I'd say Decide AI is a very comparable project to Worldcoin, which is fully diluted at $11 billion. That's 500 times bigger than Decide AI. I would actually argue Decide AI is fairly valued to slightly undervalued. Worldcoin, by contrast, is hundreds of times more overvalued than I believe it's worth based on the extremely limited tech and functionality it has today.
When they describe World Chain as "a blockchain designed for real humans," to me it's meaningless, because you can do so little yourself on that blockchain. And the more I look it up, the more problems I have. Go to world.org/world-chain and it says it lets developers reach millions of real users with apps for everyday life. Show me proof of that. This is an Ethereum Layer 2. You have to build everything off-chain except the tokens. And when it says "secured by Ethereum," I don't see that. What I see is them extracting value from Ethereum and putting it on their own Layer 2.
The bot problem and the user numbers
It also looks to me like they're significantly botting the transactions. Almost all of these cryptos run bots to artificially inflate their transactions, because it's easy to do and they know everybody looks at the numbers. When you see how perfectly consistent the activity is every single day, that's a red flag. I don't know a single person in crypto who's actually using Worldcoin for anything. So to me, it looks like they're running the usual crypto fraud playbook, heavily botting the user numbers and the daily transactions, while the underlying tech is basically meaningless.
No transparency on who's behind it
Now try to find out who exactly is behind Worldcoin. Go to foundation.world.org and you'll notice there is absolutely no transparency from this organization, which is based in the Cayman Islands. That's the same place FTX was. Cayman Islands, and no transparency at all on who is working on this.
So I've come to believe that under no circumstances would I ever again buy a crypto that doesn't have clear transparency on which people are building the project. A lot of people in crypto are used to buying coins where you just hope there's a DAO working on something, but I don't do that anymore. By contrast, the DFINITY Foundation is the largest research and development team in blockchain. Go to dfinity.org and that's exactly what I expect to see when I look up which engineers are actually building on a technology. That's what I want before I invest. I'll never put money into another blockchain that doesn't have it, and that's why I'm all in on ICP, because I can see the people building on the protocol and the huge depth of engineers, including infrastructure people who came from IBM and Google. You can see who's building, and it's the most impressive team I see anywhere in crypto.
Keep in mind, that ICP team is working on a market cap three times smaller than Worldcoin, which to me makes Internet Computer Protocol drastically undervalued and Worldcoin drastically overvalued at the same time. In my opinion, the reason Worldcoin doesn't want you to know who's working on the project is because the people building it aren't proud of it. They don't believe in it, and they're scared of you finding out they launched something fundamentally worthless, built off a narrative and technology that the token and the blockchain don't actually own. They're afraid of your reaction when you realize you've been ripped off. That's why so many of these blockchains operate this way, and why they avoid transparency. They're not proud of their work, and they're afraid of your wrath.
Incompetence or intentional?
Look at their documentation. Almost a year ago they posted a piece about "finding a scalable home for Worldcoin," talking about Ethereum, ZK rollups, and Layer 2s. But look at this line: "Bridging the entire world on-chain presents a monumental task exceeding the capacity of any single entity. We realize that collaboration is key." To me that's a clear indication of incompetence, because Decide AI was relatively easily able to set up the same kind of thing without huge funding and a massive token launch, using what I consider the best technology in crypto, Internet Computer Protocol.
So you could conclude one of two things. One, the Worldcoin team is unbelievably incompetent, that they don't know Internet Computer Protocol is the best technology in the world to put everything on-chain, by far, with nothing else even close, and so they chose to be part of the Superchain in the Ethereum ecosystem instead. Meanwhile a tiny team of a couple of people at Decide AI built roughly the same thing for very low cost directly on ICP. Either this team is incompetent and unable to even research the top blockchains to see that one is a real world computer that can easily do all this on-chain like Decide AI did, or two, they're intentionally trying to rip you off, and they avoided Internet Computer because they didn't want to draw attention to that technology. In that case, their real purpose is extracting value from you.
I'll be honest about how I read this. When I look at Worldcoin, I have a good lie detector. It helped me when I was a police officer and a corrections officer, and it kept me safe. I've always been able to tell when people were lying to me. I'm very empathic, and I can even sense from the energy of a video what kind of energy it was created with. This coin, to me, was created with an energy to extract value from you, to trick you, to deceive you. The goal of this coin is to take your money, which you traded your time to earn. So this is, in my belief, an extremely dangerous coin, and under no circumstances would I buy it.
The mini apps and the holder concentration
I also looked at their YouTube channel, where they show "how to build a mini app in 10 minutes." They're using ChatGPT and Grok and then connecting these things, built with centralized tech, to the Worldcoin protocol things they've made. To me this is useless. You've got centralized tech connected into something else hosted on centralized tech, sitting on top of a basic blockchain that's fundamentally worthless. All of it is useless.
On top of that, you've got only about 40,000 holders, at least on Ethereum, which is horrible. And if you look at the token holders chart, the top 100 hold 95% of the tokens, and the top 500 hold 99.58% of the tokens. I'm telling you, there's absolutely nothing I can find to like about this. I've gone over this for more than 13 minutes and I don't see a single thing I like.
This coin, in my opinion, is going to rip you off. If you held it from when I first talked about it, you're already down about 50%, and it's at all-time lows right now. The only reason people keep buying it is that they didn't read or watch something like this, and because some people get paid to shill and lie about it. A coin like this depends on fresh, uninformed money pouring in. I just showed you 15 minutes of research, and that's how easy it is to do your own.
If you want to go deeper, you can try out Decide AI's technology fully on the blockchain yourself and feel what real crypto tech is like, and once you've felt that, it gets easy to spot fakes like this. If you want more of my honest takes on what I actually like and what I avoid, you can dig into my Money playlist, where I share the research and reviews that shape how I invest today.