Crypto analyst MR.BULL sees “lots of developments happening” on WOO Network making the $1 target “close now” given the recent 35% single-day price pump. He outlines several bullish catalysts behind WOO’s continued strength and room for more gains ahead.
Major Backing Drives Adoption
Some adoption drivers include Binance Labs’ $12 million investment and integrations with OpenTrade for tokenized treasuries and South Korea’s 2nd largest exchange, BITHUMB. These connections are pushing usage of WOO’s trading and liquidity offerings. MR.BULL concludes, “Woo is gonna have a great bull run imo and patience will be rewarded!”
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Ongoing Token Burns and Liquidity Growth
Other factors boosting price include WOO’s major token burn this year of over 705 million tokens alongside deals with algorithmic liquidity providers like Wintermute to diversify and enhance WOOX exchange liquidity. WOO also reclaimed tokens from distressed fund Three Arrows Capital.
Bull Run Just Getting Started
WOO now trades around $0.37, boosted by its array of exchange connections, expanding liquidity network, and series of bullish catalysts outlined by MR.BULL. He and other analysts see the path to $1 intact given the continuing ecosystem development and adoption momentum for WOO Network. If aligning new partners and users continues apace, WOO seems to have ample room to pump further.
You may also be interested in:
- How to Get Free Crypto During Christmas?
- Bitcoin Has Two Major Possibilities If BTC Holds $39,000, Analyst Cautions
- These Are The Only Two Crypto Tokens You’ll Need Heading Into 2024
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
