WEN’s price is rising, but it remains below its all-time high from earlier this year.
Attention is shifting to the project’s future moves and potential growth prospects.
According to one price prediction, WEN could reach a price of $0.000303 by next year.
WEN (WEN), a Solana-based memecoin, has experienced a surge in price after its launch, following the announcement of additional WEN airdrop rewards by Jupiter Exchange. This move coincides with the listing of the Jupiter Perpetual Contract on Aevo. As a result, the price of WEN has soared by 35%, positioning it as a contender to major memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB).
The WEN airdrop initiative serves as a significant test for Jupiter’s launchpad, which is expected to be used further in an airdrop for its native token, JUP, later this week. Nearly one million wallets are eligible to participate in the JUP airdrop.
The WEN crypto airdrop reaches more than a million eligible Solana wallets and includes active Jupiter users from the last six months, as well as holders of various prominent NFT projects on the platform. Additionally, owners of the Solana Saga smartphone can participate in the airdrop.
According to airdrop regulations, each eligible wallet can claim 645,652 tokens. However, despite the widespread airdrop, 41% of WEN tokens remain unclaimed as the conclusion of the cat-themed crypto’s airdrop approaches. Out of the total supply of 1 trillion tokens, 700 billion tokens were allocated for distribution via airdrop.
Now, after a rollercoaster first half, WEN was worth $0.0001621 on July 29, 2024.
Wen did not respond to a request for comment.
Let’s take a look at our Wen price predictions, made on July 29, 2024. We will also examine the Wen price history and talk a little about what Wen is and what it does.
Wen Price Prediction
Let’s examine some of the Wen price predictions CCN made on July 29, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, should be taken with caution.
Minimum WEN Price Prediction
Average WEN Price Prediction
Maximum WEN Price Prediction
2024
$0.000140
$0.000348
$0.000355
2025
$0.000347
$0.000396
$0.000418
2030
$0.00109
$0.00116
$0.00121
Wen Price Prediction for 2024
If the positive momentum continues and WEN breaks above its moving averages, it could reach targets between $0.000140 and $0.000355 by the end of 2024, with the average price set at $0.000348.
Wen Price Prediction for 2025
Technical analysis suggests a potential increase for Wen in 2025. The minimum WEN price expected for 2025 is $0.000347, while the maximum one is $0.000418. On the other hand, the average forecast suggests it may reach $0.000396.
Wen Price Prediction for 2030
Based on technical analysis, the WEN token may reach a maximum level of $0.00121 at the beginning of the next decade, while, in the worst scenario, it may go to $0.00109. Meanwhile, the average expected price is $0.00116.
Wen Price Analysis
Wen technical analysis. l Source: Giuseppe Fabio Ciccomascolo/TradingView
Technical indicators suggest a bearish outlook for Wen. The 5-day Moving Average (MA) consistently trails the closing price, while both the MACD and EMA exhibit downward trends.
These factors collectively point to a weakening short-term momentum.
Short Term Wen Price Prediction
Wen price prediction sees the WEN price to increase by 6% in the next 24 hours and then accelerating by 229% in the next mongh, reaching $0.000512 by August 27, 2024.
Technical indicators reflect a bullish sentiment, and the Fear & Greed Index is at 71, indicating greed. Over the past 30 days, Wen has had 19 out of 30 green days (63%) with a price volatility of 15.51%. Based on this forecast, now is a good time to buy Wen.
Wen Relative Strength Index (RSI): Is WEN Oversold or Undersold?
Wen RSI. l Source: Giuseppe Fabio Ciccomascolo/TradingViewThe Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish. On July 29, 2024, the Wen RSI was at 48.6, indicating a slightly bullish sentiment.
We took a look at the Wen price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, indicating the best times to buy WEN.
Day of the Week
Sunday
Week
11
Month
May
Quarter
Second
Wen Price History
Following that, let’s now take a look at some of the key dates in the Wen price history. While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Wen price prediction.
Wen price in 2024. | Credit: CoinMarketCap
Time period
Wen price
Last week (July 22, 2024)
$0.0001625
Last month (June 29, 2024)
$0.0001389
Three months ago (April 29, 2024)
$0.0001805
Launch price (January 26, 2024)
$0.0005976
All-time high (March 27, 2024)
$0.0004967
All-time low (January 26, 2024)
$0.0005976
Wen Market Cap
Wen market cap in 2024. | Credit: CoinMarketCap
The market capitalization, or market cap, is the sum of the total number of WEN in circulation multiplied by its price. On July 29, 2024, Wen’s market cap was $117.2 million, making it the 332nd-largest crypto by that metric.
Who Owns the Most Wen?
As of July 29, 2024, the wallet with the most Wen has 5.42% of the total WEN supply.
CA5pzm2AyAnb1vLJ46PNGJm353A5gDdn7nuyVh7SD7Px. This wallet held 54,188,689,573 WEN or 5.42% of the supply.
EJtUFY1WvxmV8AHsWnNrnor7LDPEKVq4PWpQVYxatRbd. This wallet held 41,502,411,288 WEN or 4.15% of the supply.
5CyKjRqzmeCsW1FyW1JceeDHmXRcxJ3dCWtcz6XvDTZk. This wallet held 34,585,021,631 WEN or 3.46% of the supply.
5penhD7UC3eQUohVdYB5A7nubdDmiKxKCjTc5QL9wEHG. This wallet held 25,684,449,712 WEN or 2.57% of the supply.
iekP9Z14gGQn7sV9Swpbn2NDpKuae66FSpo25uWiUTN. This wallet held 24,485,239,881 WEN or 2.45% of the supply.
Wen Supply and Distribution
Supply and distribution
Figures
Total supply
727,716,951,329
Circulating supply on July 29, 2024
727,716,951,329 (100% of the total supply)
Holder distribution
Top 10 holders own 22% of the total supply as of July 29, 2024
From the Wen Whitepaper
Wen’s whitepaper hasn’t been published yet.
Wen (WEN) Explained
Wen (WEN) aims to build a community of Web3 developers and empower them through its DAO structure.
How Wen Works
WEN is a memecoin that also serves as the governance token for WEN DAO, a decentralized organization founded by WenMint, one of the leading NFT launchpads on Ethereum. Over the last two years, WenMint has launched over 200 NFT projects and built a super community made of more than 50,000 NFT holders.
Is Wen a Good Investment?
It is hard to say. The token’s price has shot up after its launch, but there may already be signs of a downturn.
On the other hand, there are good reasons for Wen’s recent movements, with new developments getting investors’ attention.
As always with crypto, you will need to make sure you do your own research before deciding whether or not to invest in WEN.
Will Wen go up or down?
No one can really tell right now. While the Wen crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can and do go down as well as up.
Should I invest in Wen?
Before you decide whether or not to invest in Wen, you will have to do your own research, not only on WEN but on other coins and tokens such as Ordinals (ORDI). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
FAQs
How many WEN are there?
WEN had a self-reported circulating supply of 1 billion WEN as of January 30.
Will WEN reach $0.01?
It looks impossible, even in 10 years.
What is Wen?
WEN is a memecoin that also serves as the governance token for WEN DAO, a decentralized organization founded by WenMint, one of the leading NFT launchpads on Etheruem. Over the last two years, WenMint has launched over 200 NFT projects and build a super community made of more than 50,000 NFT holders.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
