With so many cryptocurrency markets in the red, it is very difficult to find something positive to talk about. Looking beyond the usual suspects, we do see the Walton price moving up in spectacular fashion. Despite the harsh conditions across all markets, the Walton price has successfully increased in value. Strong gains in USD, BTC, and ETH value are very rare to come by right now, yet this altcoin is checking all of the boxes.
Walton Price Almost hit a new All-time High
It is uncanny how some alternative cryptocurrencies couldn’t care less about the Bitcoin price struggle. Whereas all of the top 20 currencies are in the deep red right now, the Walton price happily trucks on. With a solid 9.57% increase over the past 24 hours, it is the only major currency to note any respectable gains right now. It seems a lot of people are smitten by the WaltonChain project, as of right now. Only time will tell if this is a temporary trend or a full-fledged commitment, though.
A few hours ago, the Walton price almost set a new all-time high as well. Earlier this month, the WTC price surged to $33.16, but that momentum could not be supported for long. After a steep correction back down to $16, a new uptrend has started to emerge. After climbing back above $24 and higher, the market endured another small dip before spiking to $31.8. A very strong push by the Walton supporters, although not sufficient for a new all-time high, unfortunately.
Thanks to the current 9.57% gain in US Dollar value, the Walton price continues to hover between $25 and $30. It is a pretty solid price range as of right now, especially when considering how the Bitcoin price is likely to head below $10,000 soon. This current Walton price increase also represents a 19.75% gain in Bitcoin value and a 20.22% increase in Ether value. All of these numbers are very impressive given the current bearish momentum in the market.
With just $79.22m in 24-hour trading volume, it is evident Walton isn’t necessarily the most popular coin. Some people may see this as a pump-and-dump cycle, whereas others will label it as a currency subject to far less speculation than others. Which side is right, is not up to us to decide. The numbers don’t lie, though, as this trading volume is seemingly sufficient to push the Walton price toward $30 again later today.
Unsurprisingly, Binance is generating virtually all of the Walton trading volume right now. Their BTC, ETH, and BNB pairs combine for nearly 92% of all WTC trades right now. The only other exchange breaking this “streak” is Korea’s Coinnest, with $5m in 24-hour volume. Unfortunately, this means very little new capital is entering the Walton market right now, but that doesn’t seem to hinder its growth whatsoever. It will be interesting to see if this trend will continue or not.
It seems to be a matter of time until the Walton market cap surpasses $1bn. Right now, all WTC in circulation combines for a market cap of $708.13m. That is still rather low, as the technology seems to warrant a future price increase right now. That doesn’t necessarily mean the markets will respond in a rational manner, though, as it is equally likely the Walton price will take a sharp nosedive when actual news is released. For now, it seems to be a solid investment, but cryptocurrency markets will always remain utterly unpredictable.