Key Takeaways
The WOO liquidity protocol’s WOO token has fallen after a successful November.
However, with a swathe of new partnerships for the platform, there is still some cause for optimism about the crypto.
On Dec.10, 2024, WOO was worth about $0.30.
Let’s examine our WOO price predictions, made on Dec. 10, 2024. We will also examine WOO’s price history and discuss what WOO is and does.
Minimum WOO Price Prediction | Average WOO Price Prediction | Maximum Woo Price Prediction | |
---|---|---|---|
2025 | $0.25 | $0.31 | $0.37 |
2026 | $0.41 | $0.51 | $0.61 |
2030 | $0.84 | $1.08 | $1.30 |
The most likely wave count suggests that WOO is in wave C of an A-B-C structure that started in June 2022. The sub-wave count is in black, showing a completed leading diagonal.
If wave C has the same length and duration as wave C, the WOO price will reach a high of $0.698 in April 2026.
Afterward, WOO could begin a lengthy correction.
During these projected upward and downward movements, the wave count method gives targets of $0.31 and $0.51 for the end of 2025 and 2026, respectively.
Finally, we use the daily rate of increase for the past two years to make a WOO price prediction for the end of 2030.
Since December 2022, WOO has increased by 130%, for a daily rate of 0.17%. Projecting this increase until the end of 2030 leads to a target of $1.08.
The wave count method gives a WOO price prediction range between $0.25 and $0.37 for the end of 2025.
The wave count method gives a WOO price prediction range between $0.41 and $0.61 for the end of 2026.
The rate of increase for the past two years gives a WOO prediction range of $0.84 to $1.30 for the end of 2030.
The weekly time frame WOO chart shows that the price has increased alongside an ascending support trend line since June 2022. The trend line was most recently validated in August 2024.
This led to the acceleration of the upward movement and a high of $0.384 in December.
Despite the increase, WOO failed to break out from the $0.335 horizontal resistance area. This is a critical area since it has acted as both support and resistance since 2022. A breakout above it can trigger a 106% increase toward the range high of $0.620. On the other hand, a rejection can lead to another retest of the support trend line at $0.102.
Technical indicators lean bullish, but not by a lot. While the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are both increasing, they are barely above their bullish thresholds at 50 and 0, respectively.
When combining this with the tepid price action, looking at the daily time frame is needed to determine the direction of the future trend.
The WOO price prediction for the next 24 hours is undetermined. Whether the price closes above the $0.335 area or gets rejected can help determine the future trend.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Dec. 10 2024, WOO’s ATR was 0.034, suggesting relatively high volatility..
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Dec. 10, 2024, the WOO RSI was at 53, indicating slightly bullish conditions.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Dec. 10, 2024, WOO scored 47.9 on the CCN Index, suggesting average momentum.
WOO is an exchange-based token, so let’s compare how it has done over the last 12 months with other tokens from the same category with a similar market cap.
We looked at the WOO price history and found the best times to buy WOO.
Day of the Week | Wednesday |
Week | 6 |
Month | February |
Quarter | First |
Now, look at some key dates in the Woo Network price history . While past performance should never be taken as an indicator of future results, knowing what the token has done can help give us some very useful context when it comes to either making or interpreting a WOO price prediction.
Time period | WOO Price |
---|---|
Last week (Dec. 3, 2024) | $0.3443 |
Last month (Nov. 10, 2024) | $0.2391 |
Three months ago (Sept. 10, 2024) | $0.1732 |
One year ago (Dec. 10, 2023) | $0.2632 |
Launch price (Oct. 29, 2020) | $0.4016 |
All-time high (Nov. 16, 2021) | $2.48 |
All-time low (Jan. 3, 2021) | $0.02206 |
The market capitalization, or market cap, is the sum of the total number of WOO in circulation multiplied by its price.
On Dec. 10, 2024, WOO’s market cap was $558 million, making it the 151st-largest crypto by that metric.
On Dec. 10, 2024, one wallet held nearly more than 25% of the supply of WOO tokens.
On Dec. 10, 2024, the five wallets with the most WOO were
Supply and distribution | Figures |
---|---|
Maximum Supply | 3,000,000,000 |
Circulating supply (as of Dec. 10, 2024) | 1,861,042,267 (61.8% of maximum supply) |
Holder distribution | Top 10 holders owned 76.47% of the supply as of Dec. 10, 2024 |
In its technical documentation or whitepaper , WOO says crypto can be more expensive than it needs to be.
It says: “While cryptocurrency trading has matured quickly over the last decade, liquidity is still segmented amongst disparate liquidity pools, transaction costs remain high, and manipulative trading practices are seemingly ubiquitous.
“This is in contrast to established stock and futures markets where trading costs are in a race to the bottom — for fees, spreads, and all other hidden costs.
“Wootrade solves the liquidity, cost, and adverse selection issues of cryptocurrency trading for exchanges, institutions, and (eventually) retail traders through the use of redesigned incentive mechanics.”
Exchanges are a crucial part of the cryptocurrency ecosystem. Without a place where coins and tokens can be bought, sold, and traded, cryptos cease to have any value.
Exchanges, especially decentralized exchanges (DEXes), which allow people to trade whichever cryptos they want at a price set by the market, rely on liquidity, the ability to quickly transform an asset into cash.
WOO , formerly known as Woo Network, aims to provide liquidity to crypto exchanges.
The platform is based on various blockchains, including Ethereum (ETH), Polygon (MATIC), and Solana (SOL). It also has a network with the Arbitrum (ARB) scaling platform.
The conveniently named WOO token supports WOO.
WOO is split into three parts.
Woo Trade is the liquidity provider. It links with exchanges, traders, and decentralized finance (DeFi) platforms to provide assets that can fill their liquidity pools.
Woo X is a trading platform that gains its liquidity from Woo Trade.
Woo Fi is a decentralized exchange, which allows people to buy, sell, and trade cryptocurrencies.
People who hold WOO can vote on changes to the network, and it can also be staked in return for lower trading fees.
It is worth mentioning at this stage that since WOO is based on various blockchains, it is a token, not a coin. You might see references to a Woo Network coin price prediction, but these are wrong.
Woo Network cooled off recently after performing well in November 2024.
The system has established itself as a reasonably successful medium-sized player in the cryptosphere.
On the other hand, it had a disastrous 2022 and is still far from matching its record price.
As always with crypto, you should do your research before deciding whether or not to invest in WOO.
No one can tell right now. While WOO 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.
Before you decide whether or not to invest in WOO, you will have to do your research, not only on WOO but also on similar coins and tokens such as Uniswap (UNI) or Optimism (OP).
Either way, you must also ensure that you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
It could do, but not for some time. Our price predictions suggest that WOO could break past the dollar in 2030.
WOO gives holders the right to vote on changes to the Woo Network. People can also buy, sell, and trade WOO on exchanges.
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.