The price of WEN boomed before retracing over the last couple of days.
Now, attention is on the company’s moves.
One price prediction said it could reach $0.000303 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.
Wen did not immediately respond to a request for comment
But what is Wen (WEN)? How does Wen work? Let’s see what we can find out, and also take a look at some of the Wen price predictions that were being made as of January 30, 2024.
Wen Price Prediction
Let’s examine some of the Wen price predictions being made on January 30, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.
Moving on, CoinDataFlow thought Wen would trade at $0.000867 in 2025. DigitalCoinPrice had the token coming in at $0.000321 that year. PricePrediction.net said WEN would be worth $0.000303 next year.
Wen Price Prediction for 2030
Looking at a more long-term Wen price prediction, PricePrediction.net said the token would hit $0.0020 in 2030. CoinDataFlow suggested it would reach $0.000736 that year. DigitalCoinPrice made a WEN price prediction that had it trade at $0.000927 at the start of the next decade.
Google BardAI Price Prediction for Wen (as of January 30)
Google’s BardAI platform gave the following price prediction for Wen on January 30. Please remember that price predictions are very often wrong and that artificial intelligence should not be trusted.
Short Term (Next 3 months)
Price range: $0.0062609 – $0.0064749
The overall cryptocurrency market: The price of WEN is closely correlated with the overall cryptocurrency market. If the market is bullish, WEN is likely to also be bullish.
The adoption of WEN: The price of WEN will also be affected by the adoption of the token. If more people start using WEN, the price is likely to increase.
The development of the WEN Token ecosystem: The price of WEN Token will also be affected by the development of the WEN Token ecosystem. If new and innovative projects are built on top of the WEN Token platform, the price is likely to increase.
Medium Term (Next 6 months)
Price range: $0.00000011 – $0.00000016
The overall performance of the cryptocurrency market: If the cryptocurrency market as a whole is bullish, then WEN is likely to follow suit.
The news and developments surrounding WEN: If there are positive news and developments, such as partnerships or new features, then the price of WEN is likely to increase.
The adoption of WEN by businesses and individuals: If more businesses and individuals start using WEN, then the price is likely to increase.
Long Term (Next 5 years)
Price range: $0.0204 – $0.0318
Adoption by businesses and consumers: The more widely WEN is adopted, the more demand there will be for the token, which could drive up the price.
Development of the WEN ecosystem: The more features and use cases are developed for WEN, the more attractive it will be to investors and users, which could also drive up the price.
Regulatory changes: Regulatory changes could have a significant impact on the cryptocurrency market, including the price of WEN.
WEN Price History
Now, let’s examine the Wen price history. While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret a Wen price prediction.
WEN first came onto the open market on January 26, 2024, when it was worth about $231.69. It went up notably, breaking past $1,800 a few hours later. But WEN then pulled back, being worth $0.0001173 at the time of writing (January 30, 2024).
The token had a self-reported circulating supply of 1 billion WEN, with a self-reported market cap of $135.7 million which, if accurate, would make it something like the 295th-largest crypto by that metric.
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.
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 build a super community made of more than 50,000 NFT holders.
Wen Attention Tracker
Wen’s Google search volume for the last 90 days. Credit | Google
Here is a chart for Wen WEN’ Google search volume for the past 90 days. This represents how many times the term “Wen WEN” has been Googled over the previous 90 days.
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.
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 users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors.
Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.