Since its all-time low, $W has gained 117%🚀
But it’s still 99% below its 2024 high.
As of 8:53 this morning (Beijing time), $W was trading at $0.0170, up 16% in 24h and 100% over 60 days, with a market cap of about $112 million.
3 reasons I’m bullish👇
1️⃣ More than just a “cross-chain bridge”
The team says NTT is used by 100+ assets, including RLUSD, across 45+ chains. On 9/18, $PEPE bridged to Solana via NTT, with 24-hour trading volume topping $40 million.
2️⃣ Institutions are using it
Ripple’s multichain RLUSD and BlackRock BUIDL’s expansion to BNB Chain both rely on Wormhole.
3️⃣ Rising volume
24-hour trading volume is about $31 million, nearly 27% of the market cap.
⚠️ Risks: About 34% of the tokens are still out of circulation, with ongoing unlocks. After surging on 9/27, the price fell 12% the very next day, so be cautious about chasing the rally.
RWA and stablecoins both need cross-chain connectivity. Do you think $W can benefit from this trend?👇
#Wormhole #CrossChain #RWA
But it’s still 99% below its 2024 high.
As of 8:53 this morning (Beijing time), $W was trading at $0.0170, up 16% in 24h and 100% over 60 days, with a market cap of about $112 million.
3 reasons I’m bullish👇
1️⃣ More than just a “cross-chain bridge”
The team says NTT is used by 100+ assets, including RLUSD, across 45+ chains. On 9/18, $PEPE bridged to Solana via NTT, with 24-hour trading volume topping $40 million.
2️⃣ Institutions are using it
Ripple’s multichain RLUSD and BlackRock BUIDL’s expansion to BNB Chain both rely on Wormhole.
3️⃣ Rising volume
24-hour trading volume is about $31 million, nearly 27% of the market cap.
⚠️ Risks: About 34% of the tokens are still out of circulation, with ongoing unlocks. After surging on 9/27, the price fell 12% the very next day, so be cautious about chasing the rally.
RWA and stablecoins both need cross-chain connectivity. Do you think $W can benefit from this trend?👇
#Wormhole #CrossChain #RWA
