The WOO token is showing incredible results this week: it went almost 70% up during the past seven days. What is WOO Network and why WOO is performing so well these days? Is it on track to reach one dollar by the start of 2024? What next? Find the answers and our WOO Network price prediction for the end of 2023 and WOO forecast for a decade ahead in our article.
WOO Network Price Forecast 2024–2034
- Bullish and bearish predictions for the WOO coin can see it adding up its value in the future. WOO surpassing its all-time high is not ruled out even by most tempered opinions.
- Moderate WOO price predictions see it approach $2 by 2029 but in the longer term forecast a correction.
- Bullish WOO Network token price forecasts, on the other hand, are in agreement that WOO should be valued for more than its ATH and predict it will come close to $10 in a few years.
What are WOO Network and WOO?
WOO Network is a blockchain-powered platform for decentralized finance (DeFi) apps and products and its ecosystem. The main focus of this project is liquidity: it provides deep-liquidity solutions for retail and institutional investors alike, democratizing it.
The key parts of the WOO Network are the zero-fee trading platform WOO X, multi-chain decentralized exchange (DEX) WOOFi, and liquidity-as-a-service solution for DeFi and CeFi. WOO Network started as a liquidity pool WOOTRADE by a trading firm Kronos Research in 2019 and earned the backing of many high-profile crypto-focused investment companies.
The native utility token WOO had a predecessor KRON but by late 2020, as Wootrade expanded, they decided to reboot it. With the rebrand, it expanded its use cases and is now similar in purpose to most other exchange tokens. It unlocks special features and launchpad access on WOO X and amplifies WOOFi revenues. Special attention is paid to staking WOO on the platform, as it gives the most benefits: revenue share, increased yield, and trading fee discounts.
WOO Network mainnet was launched in October 2020, simultaneously minting 3 billion WOO tokens. About 77 billion tokens have been burned since launch, bringing the total supply at the time of writing closer to 2.23B WOO. Out of these tokens, 19.65% are locked to be distributed to the team and Series A investors. The remaining 80.36% in circulation is split between the ecosystem fund (27.3%) and holders and traders (53.06%).
WOO Network Price History
WOO Price in 2020–2021
The WOO token, which powers the zero-fee model of WOO Network, was first distributed in a public sale on October 29, 2020. They opted to launch the token publicly together with a presale, which caused it to spike at the start and then return to the range of $0.2–0.4.
In 2021, the conditions on the crypto market started to look more and more bullish. However, the WOO price skyrocketed in March 2021 on its own: around that time, the news about the WOO X launch broke out. After jumping to $0.4, it continued to grow further to $0.57, $1, and then $1.3 by May. An incident caused the WOO–USDT pair price to desync from other platforms on May 20, 2021, and brought WOO down to $0.38.
For the rest of 2021, bulls and bears caused the WOO price to fluctuate between $0.37 and $1.67. On November 16, 2021, WOO reached its all-time high price of $2.48. Nevertheless, it finished 2021 closer to $1.
WOO Price in 2022–2023
If 2021 was a bullish year on the crypto market, 2022 was undoubtedly a time of downturn. The Bitcoin bull run was exhausted, and a pullback brought most crypto assets down with it. In April 2022, during a bear market rally, WOO reached $0.65 but would not stay at this level. By summer, WOO was trading between $0.15–0.2 and stayed in this range until the end of the year.
2023 until recently was moderately optimistic: the WOO price range bounds moved higher to $0.15–0.33. Thanks to several factors, though, it was able to jump to $0.48 and shows no signs of reversing. Firstly, it announced a trading competition with an unprecedented $1 million prize pool. Secondly, December also is the start of ARB incentives injected into WOOFi. No wonder the trading volume of WOO blew up, taking the token price up with it.
At the moment of publishing, WOO ranks 74th by market capitalization and the current WOO Network price is $0.4726 according to CoinMarketCap.
What influences the WOO Network (WOO) price?
Ecosystem Development
As seen in the previous section, new additions to the platform, such as WOO X, attract attention to the WOO token. More attention leads to growing trading volume and amplifies price action.
The cooperation between WOO Network and other crypto projects can go both ways. It taps into service providers like Chainlink to improve their own products. Likewise, other crypto projects make use of the WOO Network’s liquidity.
Serviceability of Products
We have also seen how the trading platform’s performance can impact the WOO price with the arbitrage incident on WOO X in 2021. Unfortunately, this has been far from the only case which undermined the platform. As recently as a month ago, the trading platform experienced an outage of about two hours.
In May 2022, around the time of UST’s depeg and LUNA’s collapse, trading pairs with LUNA started to show odd patterns on WOO X. Traders were quick enough to make a quick buck on these rocky trades but later, much to an understandable discontent, found that their gains were rolled back.
Another facet of serviceability intersects with compliance, and WOO Network does not neglect it. To extend their operations to Taiwan, they received an AML license in September 2022. Their Asian expansion continued with receiving regulatory approval in South Korea and partnering with OpenTrade to offer tokenized U.S. Treasury bills to regional customers.
Funding and Asset Management
WOO Network is a crypto project that grew thanks to VC funding. Its Binance Labs-led Series A investors included Three Arrows Capital, Crypto.com Capital, MEXC Global, Fenbushi Capital, 3Commas Capital, and ViaBTC Capital. The participation of Binance Labs led to WOO Network expanding to BNB Chain, and the funds raised helped launch WOO X and WOOFi.
Later in 2022, Three Arrows Capital became infamous after its Terra-induced implosion and becoming a threat to projects with exposure to it. WOO Network managed to dodge a bullet and buy out its share of the 3AC investment, which was evenly distributed among the rest of the Series A investors.
By now, these investors share only 1.67% of the circulating supply of WOO, so from the tokenomics side, it is not going to influence the WOO price much. However, as the 3AC and Binance’s examples show, long-term commitments can lead WOO Network to both trouble and opportunity.
WOO Network Price Forecast and Analysis
WOO is on a tear at the moment, and the question is, where can it go from now? Although the volumes suggest it has not run out of steam, due to the relative strength index (RSI) being well into the overbought zone, we think a pullback is more likely, so let’s try to pinpoint some support levels.
At the moment, the WOO price seems to have been following the Fibonacci retracement levels pretty closely. After a rejection at $0.275 in November, it briefly pulled back to consolidate and bounced off $0.229 right up to $0.474. Bears were able to show some resistance at the $0.4052 level but WOO bulls regrouped at $0.35 and pushed through. We believe this proves that these two levels are the ones to watch for the next few days.
As for the brief remainder of 2023, should WOO rise further, can it reach $1? We think the likelihood of going this far is rather low. It would be a Christmas miracle if the WOO rally extended past $0.6718 but further than that is too greedy.
WOO Network Price Prediction for 2024
Speaking realistically, Bullcoins.Info does not rule out either bullish or bearish scenarios for WOO Network (WOO) in the coming year. According to their estimations, it will grow to up to $4 or find support near $0.2 in the worst case.
CCN tried asking Bard AI for a WOO Network price prediction, and it provided them with a reasonable target with solid reasoning. In the next twelve months, WOO can reach $0.45–0.7 if their deep liquidity value offering finds widespread demand. It bears reminding that AIs even as advanced as Bard cannot realistically calculate the future price of any asset, so this estimate is a pure guess.
YouTuber Scrembo shared the WOO price analysis for December 2023 and paid particular attention to the liquidity bubble between the $0.56 and $0.67 levels. While he was talking about the targets in 2023, he seemed to find it hard to believe that the rally would have the time to reach them. However, in 2024 it is more than doable.
WOO Network Price Prediction for 2025
According to the forecast by DEX Wire News, the next two years could see the WOO token rise to $0.92. The reason is mainly because of the ongoing price rally, caused by internal factors over crypto market trends.
A WOO Network (WOO) price prediction by CoinCodex uses an in-house algorithm to project its average price into the future. If all goes well, WOO will be trading between $0.8768 and $3.49 in 2025.
Using a purpose-built algorithm, Bitnation gives a very optimistic 2025 WOO Network price prediction. Their estimated range for WOO that year is between $1.50 and $1.78.
WOO Network Price Prediction 2026–2029
Algorithmic forecasts can help us with the WOO Network price prediction for up to five years in advance. What’s the predicted range between the minimum and maximum price of WOO Network (WOO) in these years?
| Year | OvenAdd | Telegaon | FinanceShots |
| 2026 | $1.597–1.771 | $2.14–3.11 | $1.75–2.86 |
| 2027 | $1.963–2.136 | $3.23–5.03 | $3.23–4.67 |
| 2028 | $2.329–2.521 | $5.12–7.32 | $4.95–6.54 |
| 2029 | $2.695–2.887 | $7.48–9.67 | $7.46–9.04 |
WOO Network Price Prediction 2030 and 2034
Looking to the end of the decade and ten years in advance, even experts can only guess but some still make an attempt.
According to Digital Coin, by 2030 WOO’s price will have grown to $4.82. Considering the previous WOO forecasts, it might seem moderate but it is still a 925% increase.
On the other hand, PricePrediction.net boldly projects a 1,344% to 1,606% growth for WOO Network between 2030 and now. This makes the expected WOO price $6.79–8.02 in 2030.
Finally, Coin Data Flow with an experimental prediction model forecasts that in 2030, WOO can grow by up to 546.25%, and in ten years, in 2034, by 928.27%. This would make WOO Network’s maximum prices $3.04 and $4.84 respectively. For reference, the minimum prices would be $0.885 in 2030 and $1.51 in 2034.
How to buy WOO Network (WOO)?
Did you know can buy WOO Network tokens on ChangeHero at the best rates and with no registration? Here is how:
- Choose the currencies on the home page, amounts, and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
- Send a single transaction in the cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work — checking the incoming transaction and doing the exchange as soon as it arrives;
- As soon as the exchange has been processed, your WOO is on the way to your wallet.
Our customer support is available any time, any day in the chat on the website or through the email: [email protected].
Conclusion
The impressive rally of WOO in December 2023 has skewed some expectations and WOO price predictions. As much as getting $1 as a New Year present seems great, you are probably better off not having such big expectations.
Let us know what you think about our WOO Network price prediction! Join the discussion on Twitter, Facebook, Reddit, and Telegram. Subscribe and get a daily stream of informative content from our team.
Frequently Asked Questions
What is the all-time high for WOO tokens?
As of December 2023, the ATH WOO worth is $2.48, which was reached on November 16, 2021.
How much is a WOO coin worth?
At the time of publishing, the WOO token is trading for $0.4726.
What is the maximum supply of WOO coins?
The maximum supply of WOO was 3 billion tokens minted on launch. By today, it was reduced to 2.23B with programmatic token burns.
Disclaimer
This article is not a piece of financial or investment advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration and analysis of your own research and at your own risk.
