Worldcoin current circulating supply is 118million wld, this is just 1% of it's total supply which is 10billion wld. This amount of circulating supply is very low and wld price can be easier manipulated for example on the 15th December 2023 Sam Altman was successful in raising $115 million in a Series C funding round which was added as liquidity for wld and the price of wld rose from $2.3 to it's all time high of $4.7 in just one week.
Worldcoin main problem is that it doesn't have proof of stake mechanism whereby miners would be required to purchase wld and stake it in order to receive more wld as rewards instead, 7.5 billion wld will be issued out to the community all for free. The only good thing about worldcoin is that it keeps on adding liquidity which pumps the price of wld but it should be noted that with more coins been released the harder it gets to pump the price for example it the circulating supply of wld was 1billion when the 115million liquidity was added, the change in it price would be so small that most people would not have even noticed.
Despite there being so many factors that affect a crypto coins price, this is one of them and in this case it's very important
