WHY IS $W RISING AGAIN?
Wormhole was once a major name in cross chain technology, helping users move assets between different blockchains. But over time, more tools and competitors entered the market, and $W lost much of its attention.
Now $W is rising again, but I’m not convinced this rally can last. The price could go higher in the short term due to speculation, but that doesn’t mean the project is seeing lasting growth.
My long term view remains bearish. If buyers lose interest again, $W could face another major drop. I wouldn’t rule out further downside.
DYOR. Not financial advice.
Wormhole was once a major name in cross chain technology, helping users move assets between different blockchains. But over time, more tools and competitors entered the market, and $W lost much of its attention.
Now $W is rising again, but I’m not convinced this rally can last. The price could go higher in the short term due to speculation, but that doesn’t mean the project is seeing lasting growth.
My long term view remains bearish. If buyers lose interest again, $W could face another major drop. I wouldn’t rule out further downside.
DYOR. Not financial advice.