WOO Price Analysis January 2023

WOO is a token of the platform WOO Network. Its current price is around $0.1678 at the time of writing, with a low of $0.102, and it has a market cap of 247 million dollars.

What is WOO Network (WOO)?

WOO is the coin of the WOO Network platform, which is around $0.1678 at the time of writing, with a low of $0.102. After that, it reached $1.06, and its current ranking is #99, according to CoinMarketCap, with a market cap of 247 million dollars.

WOO Network integrates CeFi and DeFi services to improve liquidity for various crypto users. It uses a centralized system to provide financial services, and its decentralized framework allows access to additional instruments. Established in 2019, the company operates out of its headquarters in Taipei, Taiwan.

The WOO Network is an extensive liquidity network that bridges the gap between traders, exchanges, organizations, and DeFi platforms. With access to optimized liquidity & trading execution at reduced or no cost, this network relies on the ‘WOO Token’ for staking & fee reductions in CeFi and DeFi products.

WOO Coin Market Analysis 

WOO has a total supply of 2,250,658,858 coins worth around $0.1678 with a market volume of 105 million dollars, whereas the market capitalization is 247 million dollars at writing. After running numerous technical and quantitative analyses, the outlook for WOO Network in 2023 looks neutral. This indicates that it could be a wise investment option in 2023.

WOO Price Prediction

On the 1D timeframe, the price action of $WOO/USDT consolidates inside the descending triangle. Currently, the price has broken the horizontal resistance zone of the triangle. Therefore, a further bullish rally is expected from here.

For any time, on-demand analysis on $WOO or any other coin can join our Telegram channel.

Woo Price Analysis
WOO Price Analysis

Closing Thoughts

The Crypto market is known for its volatile nature. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. We suggest you engage in adequate research before investing in any digital assets.

Pratyaksh
Pratyaksh

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