- W was on the verge of forming a bullish flag, indicating that the price might rise to $1.80 in 2024.
- By 2026, the price of the token is expected to hit $6.45 but might be bearish in 2027.
- In 2030, W’s price might have surpassed $10.50 and probably hit $11.87.
Many new projects have been springing up in 2024, and Wormhole is one of them. Though the project started development a long time ago, it was able to build a loyal community and rewarded the early users recently.
In this article, Coin Edition discusses the potential of W and the price predictions from 2024 to 2030.
Table of contents
- Wormhole (W) Real Time Market Status
- What is Wormhole (W)?
- Wormhole (W) Current Market Status
- Wormhole (W) Price Analysis
- Wormhole (W) Price Prediction 2024
- Wormhole (W) Price Prediction 2025
- Wormhole (W) Price Prediction 2026
- Wormhole (W) Price Prediction 2027
- Wormhole (W) Price Prediction 2028
- Wormhole (W) Price Prediction 2029
- Wormhole (W) Price Prediction 2030
- Wormhole (W) Price Prediction 2040
- Wormhole (W) Price Prediction 2050
- Conclusion
- FAQ
Wormhole (W) Real Time Market Status
| 🪙 Name | Wormhole |
| 💱 Symbol | W |
| 🏅 Rank | #72 |
| 💲 Price | $0.672952371447 |
| 📊 Price Change (1h) | -1.37 % |
| 📊 Price Change (24h) | 7.02 % |
| 📊 Price Change (7d) | 4.93 % |
| 💵 Market Cap | $1211314268.6 |
| 💸 Circulating Supply | 1800000000 W |
| 💰 Total Supply | 10000000000 W |
Wormhole (W) is currently trading at $0.672952371447 and sits at number #72 on CoinMarketCap in terms of market capitalization. There are 1800000000 W coins currently in circulation, bringing the total market cap to $1211314268.6.
Over the past 24 hours, Wormhole has increased by 7.02%. Looking at the last week, the coin is up by 4.93%.
What is Wormhole (W)?
Wormhole is a project built to power multichain applications. Beyond this feature, the project gives developers access to liquidity while users of over 20 blockchains can participate in governance, trade DeFi, and own NFTs with the network.
Big firms like Uniswap and stablecoin issuer Circle trust Wormhole as the platform has helped in facilitating cross-chain transactions worth billions of dollars.
Wormhole (W) Current Market Status
Wormhole’s price as of this writing was $0.97, representing a 29.75 % decrease since the project launched. The price decline could be linked to the profit-taking from eligible recipients of the W airdrop.
Like the price, the trading volume of the cryptocurrency also fell. At the time of writing, W’s 24-hour trading had decreased by 58% to hit $720.56 million. The market cap, on the other hand, was $1.75 billion and was ranked 64th by CoinMarketCap.
When it comes to the supply, data showed that it has a total and maximum supply of 10 billion tokens. However, only 1.80 billion were in circulation. W is available on many exchanges including Binance, OKX, Gate.io, and Bybit. You can also find the token on other exchanges besides these four.
Wormhole (W) Price Analysis
To predict W might be challenging because it only launched a few days ago. However, that does not mean that technical indicators cannot identify certain trends the token might display. Therefore, this section will give an in-depth analysis of W’s short-term price action. Also, you will learn about the price predictions from 2024 to 2030.
Wormhole (W) Price Analysis – Bollinger Bands
The Bollinger Bands (BB) on the W/USD 1-hour timeframe showed that volatility around the token has started to increase. Previously, the band contracted. However, the recent expansion showed that W might have to deal with significant price swings in the coming days.
From a bullish perspective, W’s price might hit $1.23. On the other hand, a bearish forecast places the price at $0.91.
Wormhole (W) Price Analysis – Relative Strength Index (RSI)
Indications from the Relative Strength Index (RSI) showed that W was oversold on April 4 as the reading fell below 30.00. But at press time, it seemed that bulls had come to the token’s rescue as the RSI reading increased.
However, the momentum was not yet completely bullish as it was still below the neutral area. If buying pressure increases, then bulls might completely take charge of the momentum and W’s price might recover.
Wormhole (W) Price Analysis – Moving Average Convergence Divergence
The 30-minute chart showed that the Moving Average Convergence Divergence (MACD) was positive. However, the short and long EMA were below the zero midpoint, indicating that W had not exited the claws of bears yet.
Despite the indications, the MACD showed that W has the potential to bounce. If the EMAs climb toward the positive region, then the bullish bias might be validated. If not the bearish momentum might continue for some time.
Wormhole (W) Price Prediction 2024
According to the 1-hour chart, W had formed a descending channel, indicating high selling pressure. However, exhaustion might soon appear and sellers might lose hold of the momentum.
If this happens, W might break out and form a bullish flag. Should this be the case and buying pressure increases, the price of the token might climb toward $1.80 in the short term.
A look at the Awesome Oscillator (AO) showed that the reading was negative. However, green bars on the indicator suggested that a bounce could be close. For 2024, W’s price is expected to recover from the lows, and by the end of the year, it could rise to $3.85.
Wormhole (W) Price Prediction – Resistance and Support Levels
On April 3, W faced rejection as it attempted to hit $1.60. As a result of that, the price fell as low as $0.95. However, bulls considered this spot as an ideal value to build support. Although the action has not yielded a notable result, it is unlikely for W to decline below $0.90.
On the upside, the token might face resistance at $1.24 if the price swings upwards. If successfully breached, the price might jump toward $1.80. But that would depend on the resistance at $1.59. Failure to break through the overhead resistance might send W back below $1.
Wormhole (W) Price Prediction 2025
By 2025, Wormhole is expected to be a top 50 project. If this is the case, the price of the token might increase and probably hit $4.50.
Wormhole (W) Price Prediction 2026
Wormhole boasts of a loyal community since it was in the Testnet stage. As it stands, it does not seem like the community would leave the project behind. Should this be the situation, there might be a surge in the adoption of W in 2025 which could place its price prediction at $6.45 in 2026.
Wormhole (W) Price Prediction 2027
By 2027, the price of W might slow down its bullish trajectory. However, that does mean that it would go lower than the value of 2024. Therefore, the price prediction for 2027 could be $2.80.
Wormhole (W) Price Prediction 2028
2028 is projected to be a bullish year for the crypto ecosystem at large. As a result, the prices of tokens like W might surge. As such, the price might hit $8 in 2028.
Wormhole (W) Price Prediction 2029
In 2029, the blockchain Wormhole interacts with might have surpassed the current number. Hence, the number of new addresses buying W might increase. This places the price prediction at $10.50.
Wormhole (W) Price Prediction 2030
In 2030, W’s price could rally very high. Several factors could drive this hike, including increased volume in tokens bridged on the network and capital inflow. Thus, the price could hit $11.87 in 2030.
Wormhole (W) Price Prediction 2040
The price of W is expected to remain in the double-digit region by 2040. While there could be a correction leading to the year, it is projected that the value could end up at $14.39.
| Minimum Price | Average Price | Maximum Price |
| $9.36 | $12.04 | $14.39 |
Wormhole (W) Price Prediction 2050
By 2050, cryptocurrency should have gained massive traction and adoption across nations. Hence, the price prediction for W could be around $18.74.
| Minimum Price | Average Price | Maximum Price |
| $13.38 | $14.25 | $18.74 |
Conclusion
In conclusion, W seems like a project that would attract a lot of users depsite its recent drawdown. As mentioned earlier, the token is still in the price discovery stage. Once the selling pressure settles, then buyers and sellers will decide on the particular trend for the token. In the long run, W’s price might jump but to profit from its, you need to find a good entry.
FAQ
W is the native cryptocurrency of Wormhole, a platform that powers multichain applications.
You can buy W by going to different exchanges like Bitget, Binance, Gate.io, or Bybit.
W can be a good investment even though it’s still early days. One of the reasons for this is because it grants users access to bridge between a lot of blockchains. Hence, demand for the token might increase, and this might push the price higher.
W’s all-time high was $1.59 on April 4, 2024.
W can reach $5. But it is uncertain if the token will hit the price soon. However, if the hype around the project before it was launched stays the same or improves, then W can hit $5 within some months.
The maximum supply of W is 10 billion tokens.
Yes, W can surpass its current ATH as it seems to be in the price discovery stage. Once, the airdrop addresses stop selling, the price of the token might consolidate for a while before a rally might begin.
The lowest price of W was $0.95 on April 5, 2024.
The founder of Wormhole is Robinson Burkey.
W was launched in 2024.
You can store W on a crypto wallet depending on the blockchain you utilize. You can also store the tokens on exchanges where you buy them.
W’s price might be $3.85 by December 2024.
It is expected that W hit $4.50 in 2025.
In 2026, W’s price could be $6.45.
By 2027, W’s price is expected to undergo a correction that could drive the price down to $2.80.
In 2028, W’s price might be $8.
The price of W is expected to hit $10.50 in 2029.
By 2030, W’s price could be $11.87.
The price of W could be $14.39 by 2040.
W is expected to hit $18.74 in 2050.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
