Wonderland (TIME) token rose 992% since Sep, how far will it go?

Highlights

  • Wonderland (TIME) token was up 5.15% to US$7,910.86 on Tuesday.
  • It rose around 992% since its launch in September 2021.
  • Wonderland aims to become a Decentralized Autonomous Organization.

The Wonderland (TIME) token was up 5.15% to US$7,910.86 at 1:26 pm ET. It is ranked 2,769th position based on market capitalization by coinmarketcap.com.

The token started trading on September 3, 2021, with a price of US$723.98 per token.

But it has reached US$7,910.86 at 1:26 pm ET on November 30, 2021. It rose around 992% since its launch in September. However, there was no apparent reason for the latest rally.

The token showed stable growth in the past 30 days, up 11.5%, while its market cap grew by 61.8% in the same period.

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Wonderland is a decentralized reserve currency protocol.

It is based on the token on the Avalanche Network. The assets in the Wonderland treasury back the token to give it an intrinsic value so that the token may not fall below the that mark . 

The token was launched with the aim to make a policy-controlled currency system. Wonderland plans to make the token a global unit-of-account and medium-of-exchange currency in the long run and optimize the growth and wealth creation in the short run. 

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(Wonderland (TIME) crypto token, trending)

Source – pixabay

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Wonderland aims high

It intends to build a price flatness for the representative goods in which no fiat currency is needed. Wonderland introduced the game-theoretic dynamics in the market through staking and bonding. The staker benefits include the new TIME token, minted from the treasury, and most of the tokens are offered to stakers, meaning stakers put the token and get a majority after minting of more tokens. Its founders, who are anonymous, come from the Defi Community. Wonderland aims to become a Decentralized Autonomous Organization.

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Wonderland has a market cap of US$443 million. Its trading volume in the last 24 hours was US$105,073,005, and the self-reported circulating supply is 55,994.00. However, the maximum supply data was not immediately available. Its total supply is 184,350. 

The token can be purchased from Hotbit, the most active exchange for the token, Gate.io, and TraderJoe. TIME hit an all-time high of US$10,063.72 on November 07, 2021, and an all-time low of US$548.37 on September 02, 2021.

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Bottomline

The Crypto market is highly volatile, and thus, investors must evaluate all factors besides the overall market before going for an investment.

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