Analyst States How Trump-Backed Crypto WLFI’s Can Reach $1?

Analysts Set Bold $1 Target for WLFI Amid

World Liberty Financial, a crypto project closely tied to the Trump family, has been generating considerable attention in the crypto community. Trading at around $0.30 with a market capitalization of $7.5 billion, the token has seen robust volume. 

The crypto has raised speculation about its potential growth, notably fueled by the involvement of high-profile figures and strategic developments and the latest Binance listing. With its circulating supply under 25 billion tokens, the token's fully diluted market value stands at nearly $30 billion.

The Bold Price Target Set by Analysts

One of the most ambitious price targets for the token comes from analyst VirtualBacon, who has been tracking the project for several months. VirtualBacon set a target price of $1 for WLFI, a mark that would give the cryptocurrency a fully diluted valuation of $100 billion. 

An established ecosystem like Chainlink or Cardano is the ultimate goal for the token. While some may be guarding such projections with a skeptical eye, VirtualBacon's reasoning is that the Trump family's possible integrations with the Treasury, makes a lot of sense. 

Meanwhile, WLFI's meme-like popularity is growing daily, along with the use of lending, stablecoin, and retail payment platforms. Continued support from institutional and retail investors, which is very much used to funding and risking meme coins, is the only thing that WLFI's future depends on.  

Token Burn Governance Proposal  

To increase the value of the WLFI token, World Liberty Financial has proposed a buyback and burn mechanism. In the proposal, World Liberty Financial has set forth the recommendation that all protocol fees, i.e., 100%, earned on their liquidity positions on Ethereum, BNB Chain, and Solana, be spent on purchasing the tokens from the open market. These tokens would then be sent to a burn address, thereby removing them from circulation permanently.

This buy and burn initiative is aimed at long-term investors by reducing the supply and handing over a larger slice of the pie to the more dedicated holders. This proposal would also, as stated, tie the platform’s use to token scarcity, which would reward WLFI holders over the long term. Most of the community participants expressed support of this proposal, showing great enthusiasm towards its expected benefits.  

The Impact of Trump Family Support on WLFI  

The genesis of the token’s appeal stems from their association with the Trump family. This relationship gave the project the attention it desperately sought in the crypto space. The WLFI community continues to believe that the family’s influence, along with the potential deals and integration with U.S. Treasury operations, would incite its growth.  

The platform’s focus on payments, lending, and stablecoin demand further bolsters this potential, as the cryptocurrency seeks to carve out a niche in the evolving landscape of decentralized finance.