The live WOO price today stands at $0.07 with a 24-hour trading volume of $19.59 million. Over the past hour, the price has increased by 2.95%, and it has risen by 7.88% since yesterday. The current market capitalization is $156.78 million, calculated by multiplying the circulating supply of 1.91 billion coins by the latest market value. The maximum supply of WOO tokens is capped at 2.21 billion.
Understanding WOO Network
WOO Network is a blockchain-based ecosystem that provides both centralized and decentralized financial services. Its flagship product, WOO X, is a cryptocurrency trading platform that offers zero-fee trading and aggregates liquidity from various digital asset markets. WOOFi, the decentralized finance division of the network, supports on-chain liquidity provisioning for decentralized exchanges. The project aims to bridge the gap between centralized and decentralized finance, positioning itself as a key player in the emerging CeDeFi sector.
WOO Tokenomics and Market Data
Market Capitalization
The market capitalization of WOO serves as a key indicator of its overall market value. Currently standing at $135.46 million, market cap reflects the total value of all circulating coins multiplied by the current price. A higher market capitalization generally indicates stronger market confidence and wider adoption.
Trading Volume and Activity
Recent trading activity shows 276.01 million WOO tokens traded within a 24-hour period, equivalent to $19.59 million in trading volume. This represents a 7.88% change from previous periods, indicating active market participation. For those interested in tracking these metrics in real-time, you can view live market data updates.
Current Price Levels
The current price for one WOO token is $0.07. Price fluctuations occur based on market demand, trading activity, and broader cryptocurrency market trends. Investors should monitor these changes regularly to make informed decisions.
Supply Distribution
The circulating supply of WOO tokens currently amounts to 1.91 billion coins, representing the total number of tokens available in the market. The maximum supply is fixed at 2.21 billion, providing clear parameters for future token issuance and potential inflationary effects.
Market Ranking and Position
WOO currently ranks 362 among all cryptocurrency assets based on relative market capitalization. This ranking provides context regarding its popularity and market position compared to other digital assets. The ranking fluctuates based on market performance and adoption metrics.
Frequently Asked Questions
What factors influence WOO's price movement?
WOO's price responds to overall market trends, platform adoption rates, trading volume changes, and developments within the WOO Network ecosystem. Major cryptocurrency market movements and broader economic factors also play significant roles in price determination.
How does WOO Network generate revenue?
The network generates revenue through various channels including liquidity provision, trading services, and ecosystem partnerships. The zero-fee trading model on WOO X is supported by other revenue-generating services within the ecosystem.
What makes WOO different from other exchange tokens?
WOO distinguishes itself through its dual approach combining centralized and decentralized services. The platform's focus on deep liquidity aggregation and zero-fee trading creates a unique value proposition in the competitive exchange token market.
Where can I securely store WOO tokens?
WOO tokens can be stored in compatible cryptocurrency wallets that support the ERC-20 standard. Users should choose reputable wallets with strong security features, including hardware wallets for long-term storage and trusted mobile wallets for regular transactions.
How does WOOFi contribute to the ecosystem?
WOOFi provides decentralized liquidity solutions across multiple blockchain networks. This enhances trading efficiency and reduces slippage for users of decentralized exchanges, while also creating additional utility for WOO token holders.
What are the future developments planned for WOO Network?
The development team continues to expand platform features, enhance liquidity solutions, and form strategic partnerships. Regular updates about network improvements and expansion plans are shared through official communication channels. For those looking to explore advanced trading tools that complement these developments, several platforms offer comprehensive market analysis features.