For Cryptography of the seventh generation, Wonder Energy Technology (WTE) has appeared as an innovative cryptocurrency for energy-related issues related to the internet and cybersecurity. WTE has excited the starved crypto community and investors that give the cryptocurrency a target price of $0.365 with an equally astonishing rise of 10069.71% in just one day. The project has a market capitalization of $109,32 million which puts it at the 9566th place among all the cryptocurrencies.
According to WTE’s circulating and total supply declared on the company’s website, they report circulating supply 300 000 000 WTE tokens, which is also equal to total and absolute number of the tokens in the given market. This provide fundamental elements of scarcity and may help form demand as a result of its fixed provide. Circulating supply is slightly lower than the total supply which is $109,49 million which can explain why the difference is not much.
Such a dramatic increase in the price of this cryptocurrency in such a short period is rather surprising if to consider investor demand and possible market interest in this kind of asset with the specific value proposition offered. Nonetheless, such high-flying prices tend to cause variations in the market and most likely are not capable of long-run persistence.
Wonder Energy Technology introduces itself as the first digital currency which will function in the sphere of energy. This defines it from many of the other digital currencies that tend to have larger or more ambiguous scopes. This paper focuses on the energy sector as the area of interest for WTE in order to deal with certain problems and prospects pertinent to it.
In light of this trend, the project’s focus on the net and cyber security solutions needed in the energy industry forms part of a coherent effort towards embracing technology in a present day interconnected world. Increased use of digital methods in maintenance and control of energy infrastructure makes security policies a crucial issue, as well as the effective handling of large amounts of data. Having explored WTE’s approach, this work can potentially derive some of the tools and protocols that can address these concerns.
Even though the trading volume in the last 24 hours has been reported to be $0.00, which puts it at #9707 for this particular statistic, there are many factors that dictate why this coin may be so low, including low popularity among exchanges as well as necessary low trading activity at present. One thing that should be watched, therefore, is how this volume changes over time, because it is good as a measure of market, interest and hence, liquidity.
The fact that all the tokens that WTE has are of category circulating supply and equal with total and maximum supply point to the aspect that all tokens are in circulation. It can prove rather attractive to investors as it removes fears about dilution from subsequent token offerings. However, the same situation implies that it will be hard for the project to use token releases as the primary instruments for funding and expansion.
Of course, as with any other cryptocurrency, potential investors should do their homework and evaluate this project’s sustainability. This type of increase in price seems rather spectacular but, the key point is a rather important that is the understanding of the used technology, the team, and the further plans. The energy sector focus could be WTE’s selling point here but it needs to turn these into cases and partners to sustain the relevance.
We also come across questions of market depth and liquidity with significant increases in the prices although the trading volume is low. Perhaps due to less effective information dissemination, it may be rather a price established from a few trades. Investors have to think before they leap and should consider some risk related to low liquidity assets.
Blockchain being applied to the energy industry through Wonder Energy Technology can mean more effective energy distribution methods, transparency in energy sales and protecting the essential facilities. Nevertheless, it will have to face obstacles like regulatory issues, and the general adaptation of the industry; competition with other energy giants and other blockchain projects in the market.
For instance, as the market of cryptocurrencies progresses, there are indications that projects like WTE with a handsome concentration in several distinct sectors are likely to become standard. Such projects’ success will mostly depend on how they provide the targeted sectors with verifiable values, and create appealing ecosystems for their tokens.
Altogether, the company Wonder Energy Technology provides a rather unique angle for the sphere of cryptocurrencies as it addresses the segments of energy industry and cybersecurity. Nonetheless, increasing awareness and continued adoption of the currency in the future months and year may pose a threat to its initial P2P success and potential investors, therefore, one must do his or her homework before fully investing in the project. Blockchain-connected innovation has promising application in the energy sector, and WTE’s development in this sector will be of considerable interest.
+ There are no comments
Add yours