Magneticshr
  • Home
  • Privacy Policy
  • Contact Us
  • Sitemap
Magneticshr

Wanchain Price Prediction: Will WAN Be Worth in 2023?

  • Kane Dane
  • September 12, 2021

Wanchain is a blockchain platform that aims to build a decentralized financial market. It has an ambitious goal of connecting the world’s digital assets and providing interoperability between different chains. The project was founded by Jack Lu, one of the co-founders of Ethereum.

The wanchain price prediction 2023 is a question that has been asked for some time now. There are many different opinions, but the general consensus is that WAN will be worth more in 2023.

  • The Wide Area Network (WAN) is a distributed ledger that allows for cross-chain transactions.
  • For 2023, a bearish WAN price forecast is $0.818.
  • If the price of WAN rises over $2.518 in the near future, it may hit $1.707.

This post on Wanchain Price Prediction 2023 is solely based on technical analysis. In this post, you’ll learn about the main factors that went into our WAN pricing study and forecast.

According to CoinGecko, the cryptocurrency Wanchain has increased by more than 70% in a week, reaching a high of $1.21.

In terms of market capitalization, WAN has a market value of about $190 million. WAN also has a daily trading volume of above $15 million on average. 

Wanchain is a distributed ledger that allows for cross-chain transactions and multi-chain interoperability. Wanchain is a stand-alone blockchain that operates independently, even though it enables transactions across blockchains. Furthermore, WAN is an ERC-20 token.

The cryptocurrency trades on exchanges such as Binance, Huobi Global, BKEX, KuCoin, and Bitrue for interested crypto traders.

Is WAN a smart investment in 2023, given these recent developments? In this WAN price analysis 2023 essay, we’ll discover out.

Price Analysis of Wanchain (WAN)

Wanchain’s Simple Moving Average (SMA), Exponential Moving Average (EMA), and Relative Search Index (RSI) are shown in the graph below (WAN).

Wanchain-Price-Prediction-Will-WAN-Be-Worth-in-2021Price trend for WAN/USDT with SMA and EMA (Image courtesy of TradingView)

WAN has performed well over the last several days, despite the crypto world’s dramatic price fluctuations. In addition, the graph depicts the cryptocurrency’s price increase of almost 70% in the last seven days. 

1629229235_85_Wanchain-Price-Prediction-Will-WAN-Be-Worth-in-2021WAN/USDT RSI (Relative Strength Index) (Source: TradingView)

Meanwhile, the WAN’s relative strength index (RSI) has already reached oversold territory. As a result, traders must be cautious since, as demonstrated in our Wanchain price forecast, WAN may produce a price reversal at any moment.

At the time of writing, the WAN price was $1.12, according to CoinGecko.

1629229236_573_Wanchain-Price-Prediction-Will-WAN-Be-Worth-in-2021Price Chart for WAN/USDT (Source: TradingView)

  • $1.707 is the first level of resistance.
  • $2.518 is the second level of resistance.
  • Level 1 Support – $0.147
  • Level 2 Support – $0.818

The graph above depicts WAN’s stellar performance during the past several days. The trend for WAN is positive. If the current trend continues, WAN will follow the bulls, breaking over the $1.707 resistance level and climbing to $2.518.

The WAN may rise beyond its all-time high (ATH) price of $9.84 if the bullish trend continues. In contrast, if investors abandon cryptocurrencies, the bears may seize control. Furthermore, the WAN price may drop to around $0.818, indicating a negative indicator.

Disclaimer: The writers’ opinions in this chart are entirely their own. It should not be construed as investment advice.

You’ve been recommended

The wanchain price prediction today is a question that asks if WAN will be worth in 2023. It’s currently valued at $0.12 with a market cap of $1,811,404,737.

Related Tags

  • wan price prediction 2025
  • wanchain price prediction reddit
  • wanchain price prediction 2023
  • wanchain price prediction 2023
  • wanchain news
Kane Dane

Previous Article

Ultra Bullish TriumphX (TRIX) Spikes Over 700% – Will It Hit $0.05 Soon?

  • Kane Dane
  • September 12, 2021
View Post
Next Article

Solana Enters Million-Dollar NFT Club By Sale of Degenerate Ape

  • Kane Dane
  • September 13, 2021
View Post
Featured
  • 1
    Centralized & Decentralized Crypto Exchanges – Pros and Cons
    • December 1, 2022
  • 2
    How to Buy Bitcoin with No or Low Fees?
    • August 26, 2022
  • 3
    8 Stock Market Basics Every New Trader Should know
    • July 27, 2022
  • 4
    Can Bitcoin Be Used to Pay for Goods and Services?
    • June 20, 2022
  • 5
    Standard ETFs vs Crypto ETFs in Singapore – Guide 2023
    • May 18, 2022
Must Read
  • 1
    Guarda Wallet Review 2023: [The Most Feature-Packed Cryptocurrency Wallet]
  • 2
    Decentraland Price Prediction (MANA) For 2023, 2023, & 2025
  • 3
    Is Investing a Good to Make Money?
Magneticshr
  • Home
  • Privacy Policy
  • Contact Us
  • Sitemap

Input your search keywords and press Enter.