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Highlights
- Wonderland (TIME) crypto is primarily an Avalanche blockchain powered protocol and is dubbed as one of the most successful Olympus DAO forks.
- Wonderland crypto on 14 September had managed to register gain by 17.10% at 8:30 AM (GMT +1).
- The Wonderland crypto as on 14 September was trading at US$17.48 USD with a 24-hour trading volume of US$96,312.53, according to CoinMarketCap.
Wonderland (TIME) crypto is primarily an Avalanche blockchain powered protocol and is dubbed as one of the most successful Olympus DAO forks. According to its whitepaper, the Wonderland crypto as a decentralized reserve currency is backed by a basket of assets.
Created by an anonymous team, the Wonderland crypto is very close to the Abracadabra.money aka Magic Internet Money. The Wonderland crypto offers the users twin features of bonding and staking. With bonding, the users can mint new TIME tokens and buy it from the treasury for a discount. Staking, meanwhile, allows the users to earn passive income.
Wonderland crypto on 14 September had managed to register gain by 17.10% at 8:30 AM (GMT +1), according to CoinMarketCap.
What was reason for Wonderland crypto’s rally?
Wonderland crypto seems to have managed to attract the attention of market participants following the announcement of the AVAX Liquid Staking Testnet going live. This will allow the Wonderland holders to participate in the Testnet.
The rally must be heartening considering over the past week or so, it has been up by 4% and over the past 14 days, it was up by over 10%, according to CoinGecko.
The good performances seem to have had its impact on its RSI as well as it was placed at 54.55 on Wednesday.
Image credit: Trading View
However, its MACD indicators indicate one can’t read too much into the rallies that Wonderland crypto was witnessed of late. The signal line and MACD line both are parallel with each other. The indicator is still showcasing weak momentum and it may need a stronger performance to call it a call it a rally.
How is TIME crypto faring?
The Wonderland crypto as on 14 September was trading at US$17.48 USD with a 24-hour trading volume of US$96,312.53, according to CoinMarketCap. But even when the price rally was high, the TIME token wasn’t good fortunes from the volume perspective as it was down by 7.22% at the time of writing. TIME crypto had a fully diluted market cap of US20,199,892 with a total supply of 1,155,830 TIME coins.
With the crypto markets being at its volatile best, it would be imperative that market participants do their market research before they take critical investment decisions. Any decisions taken without it may lead to severe financial losses.
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