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Wootrade (WOO): At A Glance
Wootrade is a layer one trading infrastructure that provides high liquidity, a graphical user interface for front-end trading, and the flexibility to connect with any trading-related platform, whether an exchange, trading desk, wallet, or decentralized application (dApp), or other. Wootrade can offer deep markets with no transaction fees to its retail and B2B clientele through rebates from large institutional traders and market makers.
Wootrade’s primary net started in 2020, with 3 billion WOO tokens issued at genesis. A private sale accounted for 20%, with a vesting period ranging from six months to two years. The twenty percent set aside for the staff has a vesting period of anything from six months to four years. For advisers, the 5% is vested over 4 years. Ecosystem awards will get 50% of the total supply.
In 2019, Kronos Research, a cryptocurrency trading business, created WOO Network. Exchanges, traders, institutions, and decentralized finance (DeFi) platforms may all benefit from its liquidity, trading execution, and yield production. The WOO Network employs algorithmic aggregation and trading methods to supply low-cost liquidity.
In 2018, co-founders Jack Tan and Mark Pimentel grew their 2-person company to 60 people across three locations. After attending Carnegie Mellon University, Jack began trading stocks at the young age of 14. He later spent nearly a decade working for BNP Paribas and Deutsche Bank.
Mark is an early adopter of decentralized technology; in early 2017, he wrote the first whitepaper on decentralized derivatives exchanges. Mark began his work at the High-Frequency Trading division of Citadel Investment Group in 2006, following the completion of his Computer Engineering degree at CMU. This division generated $892M in 2007 and $1.15B in 2008.
Mark then became in charge of the electronic market development team at Knight Capital, which is now a division of Virtu. His group ran the most prominent dark pool in the United States and Europe at the time.
CTO Terence Wu has worked in the IT industry for more than 15 years, during which time he has developed trading systems. Terence oversaw the development of the HSBC equities derivatives trading and market-making technology. Terence has earned a bachelor’s degree in Computer Engineering. Clients communicate via APIs or the WOO X user interface with WOO’s centralized network.
In this network, the WOO token serves as the native utility currency. WOO was introduced in October 2020 on the Ethereum blockchain and is already operational on several other blockchains via bridges, including Arbitrum, Binance Smart Chain (BSC), Fantom, Polygon, and Solana.
It was released on the Avalanche blockchain in December. It was integrated into the Avalanche Bridge, and WOO Network seeded it with $15m (€13.2; £11m) in liquidity to encourage the token’s use on the platform.
The WOO Network raised $30 million for its Series A round of funding in November. An unknown amount comes from the $200 million Blizzard Investment Fund, which helps finance growth and new ideas on the Avalanche blockchain.
Wootrade (WOO): Valuation
There will only ever be three billion WOO tokens in circulation. In a deflationary system, the network buys tokens monthly and destroys them by burning them. Tokens are repurchased on the open market with 50% of Wootrade’s profits. On the 10th of every month, tokens are destroyed.
According toCoinMarketCap, 955.62 million WOO tokens are now in circulation, out of a total supply of 2.99 billion. For the launch, three billion tokens were generated and distributed as follows:
Together, private and public sales accounted for 10% of all sales. Seed and equity investors bought 10% with a vesting schedule of April 2021 to October 2022. Twenty percent were set aside for the Wootrade staff with a 3.5-year vesting period and a sizeable portion for future hiring. Advisors were given 5% with a 3.5-year vesting period.
Twenty-five percent was set aside as prizes to encourage users to use the network; ten percent was allocated to an insurance fund; ten percent was set aside as a reward for ecosystem partners. WOO Ventures received 5% from investing in seed stage businesses, and the remaining 5% went to the company’s liquidity management.
For Retail Investors
Wootrade (WOO) price forecasts may be made by looking at what the project has done so far and what it hopes to do shortly. Long-term traders keep tabs on Wootrade (WOO) market news and time their buy and sell decisions around major market occurrences.
On the other hand, fundamental analysis may help traders anticipate future Wootrade (WOO) prices by considering the impact of known events and news that may have an immediate and unanticipated impact on price..
How To Buy & Store WOO
WOO is up a whopping 60.64 percent since we last checked and is trading at number #433 on Coinmarketcap.
Although WOO has been listed on multiple cryptocurrency exchanges, it is not yet possible to buy the cryptocurrency using fiat money. However, it is still simple to acquire this currency by purchasing Bitcoin from any of the major exchanges and then transferring the Bitcoin to an exchange that provides trading for this coin.
Wootrade (WOO): Price History & Overview
After the launch of WOOFi staking on BSC in December 2021, the number of participants grew to over 6,000 by January 2023, and the TVL reached $39 million. A non-inflationary yield may be earned by Stakers by participation in WOOFi Swap’s transaction fees.
In the most current WOO coin news, published on January 4, Binance Labs, the investment arm and startup incubator of the Binance cryptocurrency exchange, announced a $12 million strategic investment in WOO Network’s Series A+ fundraising, which follows a similar round disclosed in November.
As a result of the announcement, the value of a single WOO coin increased, hitting a new all-time high of $1.27 on January 5. That was an increase from the prior month’s low of $0.5996 and the all-time high of $0.8677 at the close of 2021.
On February 8, Binance announced that it would begin trading WOO on its exchange. WOO Network has released WOOFi Earn on BSC, giving token holders access to its automatic yield techniques for managing farms. WOOFi Swap debuted in March on the Avalanche system.
In line with the general trend in the cryptocurrency markets, the WOO Network price chart reveals that it surged to a high of $2.48 on November 16 from a low of $0.45 on September 21. WOO began 2021 at $0.02578, increased by a maximum of 9,500%, and then declined to an end-of-year gain of 3,265%, closing at $0.8677.
Wootrade (WOO): Price Prediction
Like other cryptocurrencies, Wootrade’s price is very volatile; therefore, understanding how to forecast the WOO’s future value is essential for successful trading. Our focus today is on making your own Wootrade price forecast using technical and fundamental analysis tools.
At this time, 13 technical analysis indicators were bearish on WOO, while the same number was bullish. This gave a neutral short-term mood, as reported by CoinCodex. However, the business anticipated a price increase of the coin to $0.600631 by March 14.
Wallet Investor, an algorithm-based price prediction site, issued a pessimistic long-term projection for WOO coin, predicting its value to fall to $0.145 by the end of the year. After that, by December of 2023, it may be worth $0.00769. By December of 2025, it might be worth $0.1073. And by March of 2027, it would be worth $0.0344.
Wootrade (WOO) Price Prediction for 2023-24
Wootrade price forecasts for 3, 6, and 12 months out may be made with some degree of accuracy using support/resistance, trendlines, moving averages, and basic indicators like the relative strength index. In 2023, we estimate the price will likely be between $5 and $10.
When making your own Wootrade price forecast, your analysis should include fundamental analysis. If you want to know if an investment will be successful when a given event, roadmap target, or milestone is reached, you should look into what the Wootrade Team has planned for the following few months. When looking at short-term fluctuations in WOO prices, technical analysis is given greater weight than fundamental analysis. While this is true, it is still essential to consider the next several months.
Many investors may find the current price range for WOO Network appealing. Because of this, with significant help from financial institutions, WOO can get to $0.41 by 2023. The average price forecast for 2023 is $0.37, which is higher than the current price trend. The price tag might be significantly different depending on how much of a bullish trend the cryptocurrency market experiences between now and 2023.
Wootrade (WOO) Price Prediction for 2025-29
Thanks to the work of the WOO Network’s creators and community investors, the value of the network will rise. Therefore, 2025’s estimated price is optimistic. Forecasts indicated that WOO would peak at $0.91 by the year 2025. Conversely, the future expansion of the WOO Network is anticipated with great optimism. So, depending on the market, the average price of WOO is forecast to be between $0.75 and $0.77 in 2025. In 2025, the highest possible WOO price might be between $0.75 to $0.91.
Wootrade (WOO) Price Prediction for 2030
Fundamental analysis is crucial for making long-term forecasts of the WOO Network price. A few advantages for the industry may be gained by using the native token. The independence of the digital economy is perfect. If more people get interested in the concept, the price of WOO might increase to around $5.40 by 2030. Both $6.11 and $5.25 are possible by the end of 2030.
Is the WOO coin a solid investment?
Cryptocurrencies are risky due to their extreme price swings. Your individual situation and risk tolerance level will determine whether the WOO Network token is a good fit for your investment portfolio.
Before investing money, you should consider how much of a chance you're willing to take. Do not risk any sum that you cannot afford to lose.
Will WOO Token go up or down?
The future of the WOO price is uncertain, with different predicting services showing contrasting predictions. In a price forecast for the WOO Network currency, Wallet Investor predicted a decline. In contrast, price increases were predicted by services like DigitalCoin and Price Prediction.
Can the WOO Token reach $10.00?
Several sources speculated that WOO may reach a price of $2 by the decade's end. Optimistic projections indicated that the price may rise over $10.
Remember that prediction services can and do make mistakes because of the uncertain nature of WOO Network projections. A personal investigation is always the best policy.