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WOO is up by 10% in the final 24 hours, the finest performer amongst the high 100 cryptocurrencies by market cap up to now in the present day.
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The Woo Network introduced that it had burned greater than 700 million WOO tokens up to now.
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The total crypto market cap is now near the $860 billion mark.
Woo Network burns 705 million WOO tokens
The Woo Network introduced just a few hours in the past that it had burned 705 million WOO tokens, accounting for over 24% of the total supply. Over the first half of 2023, WOO Network stated it will roll out a sequence of enhancements to WOO tokenomics. The first half will deal with addressing current points whereas making the WOO token distribution extra clear.
A brand new period for the $WOO token
As a primary step in a sequence of enhancements, WOO Network has burned 705M $WOO tokens – over 24% of the total supply.
Here’s a breakdown of how we’re propelling $WOO right into a place of energy in the market (1/4)
👉https://t.co/TNHJ6fia49 pic.twitter.com/H7CcditgfO
— WOO Network (@WOOnetwork) January 10, 2023
This latest cryptocurrency news has seen WOO rally over the previous few hours. WOO is the best-performing cryptocurrency amongst the high 100 cash and tokens by market cap in the present day.
At press time, the price of Woo Network stands at $0.1664. The rally comes as the broader continues its constructive efficiency. The total cryptocurrency market cap now stands at $857 billion.
Key ranges to observe
The WOO/USDT 4-hour chart is bullish, as WOO has been performing excellently over the previous few days. The technical indicators present that WOO is outperforming the broader crypto market.
The MACD line is deep inside the constructive zone, indicating a robust bullish nature for WOO. The 14-day relative energy index of 64 additionally reveals that WOO might enter the overbought area if the rally continues.
If the bullish pattern is maintained, WOO might rally previous the $0.1788 resistance stage earlier than the finish of the day. However, it will discover it arduous to beat the second main resistance stage at $0.1953.
The bears may regain management of the market, and this might see WOO commerce under the $0.1527 help stage in the close to time period.
Where to purchase Woo Network now
KuCoin
Kucoin is a cryptocurrency trade which affords over 200 cryptocurrencies.
Kucoin has a variety of companies, such as; a built-in peer-to-peer trade, spot and margin buying and selling, financial institution stage safety and a variety of accepted fee strategies.
Users can profit from a beginner-friendly interface and comparatively low charges.
Swapzone
Swapzone is a crypto trade aggregator that operates as a gateway between the cryptocurrency group and trade companies. Swapzone goals to supply a handy interface, secure consumer movement, and crystal-clear knowledge for customers to seek out the finest trade charges amongst the complete cryptocurrency market.
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