The Rise of WOO Network’s Native Token
The native token of WOO Network, a trading and liquidity platform that offers both centralized and decentralized exchanges, has experienced a significant surge of nearly 58% in value this week. The token, known as WOO, is currently trading at $0.386, up from $0.245 just one week ago. It has also seen a 23% increase in the past day alone.
BitMEX Listing and Annual Report
This surge in value can be attributed to the recent listing of a WOO perpetual contract on BitMEX, which allows for up to 10x leverage and is margined in USDT, a top stablecoin. Additionally, WOO Network released its annual report detailing the project’s development progress in 2023.
Steadfast Approach to Building
Despite the challenges faced by the crypto market in late 2022, WOO Network co-founder Jake Tan emphasizes the project’s unwavering commitment to building. The team has launched various initiatives such as Multi-MM, the first transparent and live balance sheet, as well as WOOFI Swap and orderbook DEX. While some projects have yielded substantial benefits with minimal effort, others have required significant resources but fell short in user engagement.
Predictions for the Future
Looking ahead, WOO Network predicts that its decentralized exchange, WOOFI, will achieve an aggregate trading volume of over $25 billion next year.
Hot Take: WOO Token Soars Amid Perpetual Contract Listing
The native token of WOO Network has experienced a remarkable surge in value following its listing on BitMEX as a perpetual contract. With its commitment to building and its ambitious predictions for the future, WOO Network is poised for continued growth and success in the crypto market.
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