WaltonChain (WTC): The Big Cryptocurrency Coin Winner Of The Day Goes For More
WaltonChain (WTC): The Big Winner Of The Day Goes For More.
The market for cryptocurrencies has been very moved and with good signs that the crypto run bull has finally arrived. At the time of writing, Bitcoin already exceeds the $ 7800 barrier, with a growth of 13% in the last 24 hours and a capitalization market that has increased to $ 230 billion, of which 60% belongs to the cryptocurrency Leader.
The effect on the rest of the ecosystem is other than positive, as expected. The main altcoins are already beginning to record historical highs of the year and others have taken advantage of the crypto run bull to improve their quotes. Case example is WaltonChain (WTC), a project that leads the time of writing the largest positive average change in the last 24 hours with a profit of 17.25%, to quote at $ 2.22 a unit, with a market of little more than $ 92 million dollars that has catapulted it to position 67 of the ecosystem.
In the short term, the WTC panorama is quite encouraging. A strong upward trajectory started on May 10th seems to have no end, with a double ELLIOT WAVE TRIPLE CORRECTION pattern that promises to take the token up to levels of $ 2.48.
Its strong support has risen above $ 2.00 and its immediate resistance is projected at levels of $ 2.48. Its key resistance is at $ 2.23 and it seems that there will be no problem in achieving it.
The RSI indicator is already beginning to generate overbought symptoms, which could trigger another short rally in the coming hours.
Also, SAR Parabolic becomes bullish, with its trajectory drawing below the candle chart with strong support.
The 50-day SMA remains the key support that was achieved this last rally and current projections indicate that for now, this value has remained in the past.
In the medium to long term, WaltonChain is also bullish. The first wave of Elliot has already been completed above 100-day SMA levels. Its price stays between the bands of $ 1.34 and $ 2.99.
The Aroon Uptrend indicator remains at the top of the graph, showing the bullish power of the cryptocurrency in the medium term.
The SMA 100 days is beaten by the graph and continues to be the reference value above which the cryptocurrency moves.
Finally, CMF already tells us that the withdrawal of profits has already passed, and that new money is entering the WaltonChain ecosystem to push the cryptocurrency back to its projected Elliot Wave pattern.
WaltonChain is a platform that combines the chain of blocks with the Internet of Things (IoT) through the use of radio frequency identification (RFID) technology. The project aims with this combination to create a management system for the supply chain, it is said, the tracking of the articles through the supply processes from the point of manufacture to the customer reducing human interaction in the follow-up of these articles.
RFID technology has a high-security feature and has greatly revolutionized the process of automatic identification and data capture (AIDC), used in applications such as toll collection and contactless payments, merchandise tracking and intelligent management of waste.
WaltonChain is named after Charlie Walton, the inventor of the RFID patent. It has a maximum total supply of 100 million coins. It is based on the consensus mechanism of Participation Test and Trust (PoFT), which has similarity in the calculation of reward to miners by extracted blocks, according to the number of tokens they have.
The team behind the project, are prominent figures from China and Korea, leaders in the management of the supply chain and the cryptocurrency industry.
WTC is available through several exchanges, among them the most important one, Binance by volumes of operations. Recently, it was announced that the project will be included in the Binance AMA. The user Poney of Reddit indicated the information, which coincided with the triggering of the price of BTC to the increase in the price of WaltonChain.