Wormhole Price Prediction: W Slides 3% As This Bitcoin Layer-2 Presale Charges Towards $2 Million – Best Crypto To Buy Now?

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The Wormhole price dropped 3% in the last 24 hours to trade at $0.06208 as of 3:30 a.m. EST on trading volume that soared 139% to $242.58 million.

The W price saw a sharp surge in the last day, soon after Ripple announced its new partnership with the project. Ripple is one of the industry’s largest and most influential projects, and it teamed up with Wormhole to bring multichain interoperability to the XRPL and the upcoming XRPL EVM Sidechain.

Wormhole Price Prediction

Earlier this week, on June 23, the W price found itself at a support level at $0.055 after a prolonged, but steady decline. The token then bounced back to a resistance at $0.065, which held it from progressing further up until yesterday, June 26, when the news of the Ripple partnership pushed its price up to $0.7105.

The token’s price then corrected back to $0.062, which is where it sits at the time of writing. The token’s Bollinger Bands, which previously saw a considerable widening during the sharp price fluctuations, have narrowed over the last few hours as the price stabilized around $0.062.

W/USDT chart analysis (Source: TradingView)

Wormhole’s RSI has seen quite a lot of movement in the last day or so as well. Initially soaring from the oversold zone to the value of 80 in the overbought area, it spent the entire day yesterday fluctuating between 80 and 50.

As the day neared its end, the RSI started to spiral downward, entering the oversold zone, around the same time as the price corrected due to traders taking profits. For over nine hours now, the token’s RSI has been fluctuating between 40 and 30, indicating that traders are hesitant to buy at this time but may start reinvesting if the price begins to increase.

Promising Alternative To Wormhole

With Wormhole currently relatively stable, investors are buying Bitcoin Hyper (HYPER) — a new Bitcoin meme coin and the first layer-2 (L2) project in the Bitcoin ecosystem.

The project’s goal is to use L2 technology to bring scalability and speed to the Bitcoin network. The token is currently in presale, but once it goes live, its role will be to power the fastest layer in Bitcoin’s history. Apart from unlocking fast and cheap transactions, it will also enable additional use cases, such as meme coins, dApps, payments, and more. In fact, the project claims that 2025 will be the year when everything will change for the BTC network.

So far, its presale has raised over $1.66 million, as many rushed to buy HYPER before it goes live with the belief that its price will soar once it hits the market.

Crypto YouTube channel 99Bitcoins, which has over 723k subscribers, has also predicted that Bitcoin Hyper could soar 10x after its launch.

So, if you wish to buy HYPER for only $0.01205, now is the time to make your move, before the next presale price hike in around 30 hours.

Visit the HYPER website.

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