AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Wonderland (TIME) crypto’s struggles for momentum seem to be continuing. The Avalanche Network-driven protocol has been down for the past one month or so despite the protocol witnessing many developments.
- Along with a robust treasury strategy that offers high-yield or low-risk stablecoin positions.
- The 3921-ranked Wonderland crypto was trading at US$105.85 with a trading volume of US$816,443 over a day as per CoinMarketCap.
Wonderland (TIME) crypto’s struggles for momentum seem to be continuing. The Avalanche Network-driven protocol has been down for the past one month or so despite the protocol witnessing an array of development on its end.
Consisting of a pool of assets, such as Magic Internet Money, TIME-AVAX LP Tokens, etc., the token’s value is not backed by any fiat currency.
Along with a robust treasury strategy that offers high-yield or low-risk stablecoin positions, the DAO project helps the protocol fund new projects and trade in Defi tokens and other cryptos.
On 25 April, the Wonderland crypto was witnessing a volume rally of over token 30%, but the same wasn’t reflective of the overall performance on the market. The Wonderland crypto was down by 3.36% at the time of writing.
Why is the Wonderland token dropping?
Although the exact reason for the TIME crypto’s token devaluation is still unknown, the recent string of losses has resulted in Wonderland crypto losing 99% of its value since its last all-time high in November 2021.
Wonderland crypto is unique as it offers stake rewards to ensure supply is maintained. Any price fluctuations could result in stakes reaping higher rewards. The Wonderland stakers can earn APY returns of nearly 77,000%.
Besides staking, Wonderland crypto offers Bonding strategies. The bonders can decide after each epoch whether to stake or sell. The bonders also can choose to stake TIME tokens and take a call on which one to sell in the market.
TIME’s price performance
The 3921-ranked Wonderland crypto was trading at US$105.85 with a trading volume of US$816,443 over a day as per CoinMarketCap. Despite the lull, the Wonderland crypto was enjoying a fully diluted market cap of US $122,345,617 with a total supply of 1,155,830 TIME coins.
The extreme price change in Wonderland’s performance showcases the token's volatility and how one should be very careful while entering into the world of cryptocurrencies.
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.
