Despite WLFI’s 25% price retrace in the 24-hour time frame, one market analyst believes that the cryptocurrency has the potential to emerge as this year’s “cult coin,” with significant price potential for the remainder of the bull cycle.
The circulating supply of WLFI currently stands at 24.6 billion tokens, with approximately 6.9% actively tradable. A key point raised by Bacon is the transparent unlock schedule for various stakeholder tokens.
Bacon argues that WLFI’s model is healthier, featuring a fair distribution of liquidity across exchanges and gradual unlocks that mitigate the risks associated with sudden price drops.
Notably, the analyst’s price target for WLFI is set at $1, which he believes would bring the token’s fully diluted valuation to $100 billion and its market cap to $24.6 billion.
As of this writing, the cryptocurrency is trading at $0.23. That potential scenario could mean a 330% price increase. That could also propel the token toward 11th place among the top cryptocurrencies, positioning it alongside Chainlink (LINK) and Cardano (ADA).
Unlike TRUMP, which experienced a rapid ascent beyond $70 before entering a major downtrend, the analyst notes that WLFI boasts “real integrations,” ties to US Treasuries, and institutional backing.
Virtual Bacon identified key catalysts that could drive WLFI’s growth. These include the development of a retail app for and payment solutions, a lending and borrowing platform, and the anticipation of a social media post from President Donald Trump regarding WLFI, which could significantly boost its visibility and market activity.
Ultimately, Virtual Bacon argues that WLFI’s fair tokenomics, transparent supply structure, strong institutional support, and growing retail momentum position it favorably for the future and strong performance in the upcoming months.
Featured image from DALL-E, chart from TradingView.com
