Waltonchain is a blockchain focused on supply chain management that is working on software as well as hardware infrastructure to make the world more connected and informed about the decisions we make. The project was launched late in 2017 but has been conceived and worked upon since 2015 by its founder.
It tracks radio-frequency identification (RFID) data throughout the supply chain. Waltoncoin (WTC) is the native cryptocurrency token of the mainchain, and users can create their own tokens on subchains. Waltonchain is named after Charlie Walton, who invented RFID technology. It’s also an acronym for Wisdom Alters Label, Trade Organization, and Network.
RFID has existed for a long time but when you combine it with blockchain for IoT purposes, it becomes a very powerful concept and that’s what Walton is doing.
Using the hardware (chip) and the software (blockchain), Walton is creating solutions for different industry verticals where supply chain and logistics are fragmented to fill in the gaps.
CaptainAltcoin’s WTC Token Price Prediction 2021
WTC, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, WTC can hope for one as well. Bitcoin usually has a cool-off phase after its mega bull runs and that is when the altcoins take over and have a field day with the bulls, often doubling or tripling their price within days.
With the pandemic breakout, the world was sent into hybernation for couple of months and it reflected negatively on the cryptocurrencies, sending bitcoin downhill as we witnessed even 40% daily losses. However, situation quickly stabilized and bitcoin as the flagbearer took the crypto market back up. We are in a major bull run since the summer and, if we are listening to the analytics from social media and journalistic desks, we are far away from its local zenith.
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What this means for Waltconchain price in 2021?
As long as bitcoin is in the main role and pulling upwards, there is little room for WTC to shine. It will, however, increase its USD denominated value thanks to the overall rise in crypto prices. Nevertheless, WTC to BTC ratio will probably slump, possibly to all-time lows. This means that it is best to keep your funds in bitcoin until it reaches its provisional peak, opening the doors for the altcoins to enter the scene. Waltonchain will not be among the top candidates to record big gains, as the money usually flows from bitcoin profits to bluechip altcoins and big cap coins before trickling down to the tier two projects, where WTC belongs nowadays.
The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
Waltonchain Coin (WTC) Future Outlook
However, not all projects have the same chance of failing (risk), nor do they have the same potential upside (reward).
As a result of ICO teams’ incompetence and lack of integrity, fueled by basic human instinct that is greed and crypto investors’ naivety, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will WTC be among those 5%?
Waltonchain has a solid technical architecture in place, massive team, alleged support of chinese government and enough partners to keep money flowing into the project. The real issue is whether it can attract enough SMBs, GMBs, and MBs to scale and support the massive supply chain infrastructure in place.
Waltonchain created a defensive, competitive “moat” around their business by combining both hardware (chips) and software (blockchain) and it is emerging as a leader in IoT + blockchain chip manufacturing by solving current hardware challenges. They manufacture patented chips that are more advanced, more secure, and cheaper (less than 5 cents each).
History has shown that truly innovative technology always takes longer to develop, costs more to fund, and is frequently doubted before officially coming to market. Despite WTC having been around for quite some time (~2 years, or 200 years in crypto-years), the innovative efforts and challenges Waltonchain is taking head on are easily some of the biggest in the crypto world. Patience is a virtue…
However, before we can expect Waltonchain to see large adoption, it’s fair to say the broader crypto world will need to see some adoption of its own. It’ll take time, an effective marketing campaign, greater awareness, further development, and meaningful partnerships to exist before one can expect a ramp in adoption.
This makes Waltonchain one of the most intriguing projects to have in your portfolio – the upside is huge but the risk is even bigger. Investment in WTC makes sense only on a very long time scale and proper expectation management – it could easily end ingloriously.
All of this summed up means one thing: WTC might live through couple of orchestrated and, for a regular trader, completely unpredictable pumps but the majority of time will be murky sideways trading with small volume and no significant interest from the market.
Price will heavily depend on what BTC will do and since many analysts think BTC will not be making big moves in this year, it is hard to expect WTC will do them either. The price will probably stagnate and record slow-moving depreciation or appreciation depending on the team activity, potential technological breakthrough or high-level partnership.
Waltonchain Prediction – Market experts and media
With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.
Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the WTC price, which will give us another point of view to consider:
Cryptoground.com is cryptocurrecy prediction algorithm that is moderately to overly bullish on most of coins, similarly on WTC token as well. They forecast WTC to climb up to $5.70 per token by EOY, which means a 3-4x increase in comparison to the current price.
Walletinvestor is a popular website that does technical analysis-based price predictions of various cryptocurrencies and traditionally has a skeptical outlook for most coins, but especially for WTC. According to them, WTC is expected to sink by almost two orders of magnitude – from the current $1.27 to $0.06 by the end of the year.
Trading beasts is on a diametrically opposite side of Walletinvestor and sees a much more bullish future for Waltonchain token. Their algo forecasts that WTC can climb to around $8.67 within a year which means it will essentially grow 5-6x in value in the next year.
Another crypto prediction algorithm that is most conservative in its approach of the 4 we enumerated here – DCP usually predicts price to hover around the same level as the current state, forecasting a twofold increase or reduction for certain coins. WTC is on the bullish side of their algo that sees it reaching $2.37 per coin by December 2020.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com