WOO is up by 10% in the final 24 hours, the greatest performer amongst the prime 100 cryptocurrencies by market cap thus far at present.
The Woo Network introduced that it had burned greater than 700 million WOO tokens thus far.
The total crypto market cap is now near the $860 billion mark.
Woo Network burns 705 million WOO tokens
The Woo Network introduced a number of 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 mentioned it could roll out a collection of enhancements to WOO tokenomics. The first half will deal with addressing present points whereas making the WOO token distribution extra clear.
A brand new period for the $WOO token
As a primary step in a collection 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)
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— WOO Network (@WOOnetwork) January 10, 2023
This latest cryptocurrency news has seen WOO rally over the previous couple of hours. WOO is the best-performing cryptocurrency amongst the prime 100 cash and tokens by market cap at present.
At press time, the price of Woo Network stands at $0.1664. The rally comes as the broader continues its optimistic efficiency. The total cryptocurrency market cap now stands at $857 billion.
Key ranges to look at
The WOO/USDT 4-hour chart is bullish, as WOO has been performing excellently over the previous couple of days. The technical indicators present that WOO is outperforming the broader crypto market.
The MACD line is deep inside the optimistic zone, indicating a powerful 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 degree earlier than the finish of the day. However, it could discover it laborious to beat the second main resistance degree at $0.1953.
The bears would possibly regain management of the market, and this might see WOO commerce beneath the $0.1527 assist degree in the close to time period.
Where to purchase Woo Network now
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