Recently, Eightco, as the world's first NASDAQ-listed company to establish a World ID (WLD) strategic reserve, has attracted widespread attention in the market. The company recently changed its stock code to ORBS, a move closely related to its main business - the production of iris recognition devices Orb for World ID verification.

However, Eightco's stock price has experienced significant volatility. On September 8, its stock price briefly climbed to a high of $83 but then quickly fell. In just three trading days, the stock price plummeted by about 78% and is currently hovering around $18. This sharp price fluctuation has raised questions among investors about the company's valuation.

Market analysts believe that Eightco's current stock price may still be overvalued. Experts predict that considering the company's actual business situation and future development prospects, its reasonable stock price range should be between $2 and $4. If this prediction comes true, it means that there may still be room for further decline in Eightco's stock price.

Iris recognition technology, as an emerging biometric method, has broad application prospects in identity verification and security fields. However, the significant fluctuations in Eightco's stock price also reflect the market's uncertainty regarding the valuation of such emerging technology companies. Investors need to be more cautious when following such high-tech companies and conduct a comprehensive assessment of their technological strength, market acceptance, and long-term profitability.