{"id":501080,"date":"2024-04-04T14:38:27","date_gmt":"2024-04-04T14:38:27","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=501080"},"modified":"2024-04-04T14:38:27","modified_gmt":"2024-04-04T14:38:27","slug":"wormhole-price-prediction-w-plummets-14-after-850m-airdrop-as-traders-flock-to-this-low-cap-meme-coin-for-100x-potential","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/wormhole-price-prediction-w-plummets-14-after-850m-airdrop-as-traders-flock-to-this-low-cap-meme-coin-for-100x-potential","title":{"rendered":"Wormhole Price Prediction: W Plummets 14% After $850M Airdrop As Traders Flock To This Low-Cap Meme Coin For 100X Potential"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Wormhole price dropped 14% in the last 24 hours <\/span><a href=\"https:\/\/www.geckoterminal.com\/solana\/pools\/CwHuXNNkj5inuj2ZXaU1DtjA5Nxfoiy4nNoc1PQQJxTR\"><span style=\"font-weight: 400;\">to trade at $1.16<\/span><\/a><span style=\"font-weight: 400;\"> as of 03:06 a.m. EST on trading volume that surged to $1.7 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes as the cross-chain bridge, Wormhole, initiated an airdrop that saw early users rewarded with 617 million of its issued governance token, W, worth $850 million at the time of its launch.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Claim your W<a href=\"https:\/\/t.co\/GxyfY14hJd\">https:\/\/t.co\/GxyfY14hJd<\/a> <a href=\"https:\/\/t.co\/ucUq2ahcUt\">pic.twitter.com\/ucUq2ahcUt<\/a><\/p>\n<p>&mdash; Wormhole (@wormhole) <a href=\"https:\/\/twitter.com\/wormhole\/status\/1775486795658006733?ref_src=twsrc%5Etfw\">April 3, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The token was initially launched on the Solana blockchain but will be natively issued on Ethereum and layer-2 networks later on. W has since been on a downtrend, as was the case with other projects that airdropped tokens to users, including Jupiter.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Wormhole Price Set For A Price Recovery<\/span><\/h2>\n<figure id=\"attachment_501085\" aria-describedby=\"caption-attachment-501085\" style=\"width: 1113px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-501085\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/W_2024-04-04_11-06-23.png\" alt=\"Wormhole Price 15-Minute Chart Analysis Source: Geckoterminal.com\" width=\"1113\" height=\"480\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/W_2024-04-04_11-06-23.png 1113w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/W_2024-04-04_11-06-23-300x129.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/W_2024-04-04_11-06-23-1024x442.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/W_2024-04-04_11-06-23-768x331.png 768w\" sizes=\"(max-width: 1113px) 100vw, 1113px\"><figcaption id=\"caption-attachment-501085\" class=\"wp-caption-text\">WUSD 15-Minute Chart Analysis Source: Geckoterminal.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The Wormhole price debuted on exchanges at $1.66 before going through a retrace within the falling wedge pattern to the $1.10 support level. W bulls seem to be pushing the price from this level, as the price touches the upper boundary of the falling wedge.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The current downtrend is further supported by the price trading below the 50-day Simple Moving Average (SMA). Additionally, the Relative Strength Index (RSI) is trading within the oversold region, currently at 39, which shows that bears are exerting more pressure on the price but with signs of a reversal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the Moving Average Convergence Divergence (MACD) shows signs of a trend reversal, with the blue moving average line crossing above the orange signal line, representing a bullish crossover.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors often use a bullish crossover to add more buys to their positions, which may cause the price to soar. The green bars extending over the neutral line also show that W is currently in positive momentum.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Wormhole Price Prediction<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Wormhole price analysis on the 15-minute chart shows that W is on a downtrend but has the potential to rebound over the falling wedge pattern. Additionally, the MACD supports the bullish prospect, with the bulls aiming to buy more, pushing the price higher above $1.7.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if the bears exert more pressure, the price may go down to $1.0, which is a cushion against downward pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, as the W price bulls strive to stage a price reversal, investors are now shifting their focus to Sponge V2 ahead of imminent new listings on top-tier exchanges.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Sponge V2: Best Opportunity For 100X Gains?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Sponge saw a remarkable 100X surge last year during a bear market. If you missed that, you have a new opportunity with <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/sponge\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Sponge V2<\/span><\/a>.<span style=\"font-weight: 400;\">&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#127775; With bigger exchanges on the horizon and added <a href=\"https:\/\/twitter.com\/hashtag\/P2E?src=hash&amp;ref_src=twsrc%5Etfw\">#P2E<\/a> utility, <a href=\"https:\/\/twitter.com\/hashtag\/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw\">#SpongeV2<\/a> is set to be bigger and better than ever!<\/p>\n<p>We&rsquo;re not here to take part, we&rsquo;re here to take over! &#129533;&#128166;<\/p>\n<p> <a href=\"https:\/\/twitter.com\/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SPONGE<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Web3?src=hash&amp;ref_src=twsrc%5Etfw\">#Web3<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Alts?src=hash&amp;ref_src=twsrc%5Etfw\">#Alts<\/a> <a href=\"https:\/\/t.co\/BlGZhYKjoe\">pic.twitter.com\/BlGZhYKjoe<\/a><\/p>\n<p>&mdash; $SPONGE (@spongeoneth) <a href=\"https:\/\/twitter.com\/spongeoneth\/status\/1773017259126005851?ref_src=twsrc%5Etfw\">March 27, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The development team phased out Sponge in early February, with over 13,000 holders moving to the more secure and cost-efficient V2 on the Polygon Network. Sponge V2 is an upgraded version of its predecessor, which promises more significant rewards and a robust ecosystem.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128640;Missed 100x in 2023?&#128165; <a href=\"https:\/\/twitter.com\/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SPONGE<\/a> is BACK with V2 &ndash; Bigger, Better, and ready to absorb the damp! <\/p>\n<p>Hurry and stake now to join the ride! &#128293;<a href=\"https:\/\/twitter.com\/hashtag\/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw\">#SpongeV2<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Web3?src=hash&amp;ref_src=twsrc%5Etfw\">#Web3<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Alts?src=hash&amp;ref_src=twsrc%5Etfw\">#Alts<\/a> <a href=\"https:\/\/t.co\/VMooQjC79H\">pic.twitter.com\/VMooQjC79H<\/a><\/p>\n<p>&mdash; $SPONGE (@spongeoneth) <a href=\"https:\/\/twitter.com\/spongeoneth\/status\/1772216915101978792?ref_src=twsrc%5Etfw\">March 25, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Sponge V2&rsquo;s roadmap is packed with promising developments, which include upcoming exchange listings that could push the price higher.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Stake $SPONGE V2, 370% Annual Rewards<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Traders also have an opportunity to earn passive income through their tokens. They can buy and <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/sponge\" rel=\"nofollow\"><span style=\"font-weight: 400;\">stake $SPONGE V2 tokens<\/span><\/a><span style=\"font-weight: 400;\">, earning an impressive 370% annual percentage yield (APY) on the Polygon Network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The platform is also on the verge of launching a play-to-earn racer game, available in both paid and free versions, where you get to engage in racing competitions and earn token rewards.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Don't forget, <a href=\"https:\/\/twitter.com\/hashtag\/SPONGERS?src=hash&amp;ref_src=twsrc%5Etfw\">#SPONGERS<\/a>! &#129533;&#128166;<a href=\"https:\/\/twitter.com\/hashtag\/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw\">#SpongeV2<\/a> is bringing exciting utility through our upcoming <a href=\"https:\/\/twitter.com\/hashtag\/P2E?src=hash&amp;ref_src=twsrc%5Etfw\">#P2E<\/a> game! &#128293; <\/p>\n<p>Get ready to earn <a href=\"https:\/\/twitter.com\/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SPONGE<\/a> tokens by playing the game and ranking on the leaderboard.<\/p>\n<p>Stay tuned for more info! &#128640;<a href=\"https:\/\/twitter.com\/hashtag\/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw\">#MemeCoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Alts?src=hash&amp;ref_src=twsrc%5Etfw\">#Alts<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/100x?src=hash&amp;ref_src=twsrc%5Etfw\">#100x<\/a> <a href=\"https:\/\/t.co\/5aaLxGz8N1\">pic.twitter.com\/5aaLxGz8N1<\/a><\/p>\n<p>&mdash; $SPONGE (@spongeoneth) <a href=\"https:\/\/twitter.com\/spongeoneth\/status\/1771117138381525404?ref_src=twsrc%5Etfw\">March 22, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Crypto Boy, a crypto analyst and YouTuber, believes that Sponge V2 has the potential to soar a further 100X.<\/span><\/p>\n<p><iframe title=\"Sponge V2 Latest Update | Buy Sponge V2 to Get 100X | Sponge V2 Chart Analysis\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/QP9kVmUAqEQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">To join the presale, <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/sponge\" rel=\"nofollow\"><span style=\"font-weight: 400;\">you can buy the Sponge V2 tokens on the official website here<\/span><\/a>.<span style=\"font-weight: 400;\"> Link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.&nbsp;<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Related News<\/span><\/h2>\n<ul>\n<li><a href=\"https:\/\/www.linkedin.com\/pulse\/best-crypto-watch-2024-top-5-cryptocurrencies-high-calsona-f8pve\"><span style=\"font-weight: 400;\">Best Crypto to Watch in 2024: Top 5 Cryptocurrencies with High Potential<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.linkedin.com\/pulse\/best-penny-crypto-investments-top-picks-explosive-growth-calsona-j8nhe\"><span style=\"font-weight: 400;\">&#128640; Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024! &#128640;<\/span><\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/smog-price-prediction\"><span style=\"font-weight: 400;\">Smog Price Prediction &ndash; $SMOG Coin Future Potential<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - Pepe Unchained<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/pepu.svg\" alt=\"Pepe Unchained\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Layer 2 Meme Coin Ecosystem<\/li>\n                                                                                                    <li>Featured in Cointelegraph<\/li>\n                                                                                                    <li>SolidProof &amp; 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