Under-the-Radar Altcoin Surges by 58% This Week Amid New Perpetual Contract Listing

The native token of a trading and liquidity platform has skyrocketed by nearly 58% this week amid a new perpetual contract listing. WOO Network (WOO) is a liquidity platform that offers both centralized and decentralized exchanges (DEXs). The project's utility token, WOO, is trading at $0.386 at time of writing, up from $0.

Timeline of Wootrade

WOO Network (WOO) has experienced a massive price spike, with the token hitting a year high $0.34 earlier in the week. During this period, WOO has pumped by 50%, making it the highest gainer among the top 100 coins based on market cap.

Woo Network's WOO token is making waves in the world of crypto and decentralized exchanges (DEX), outshining traditional DEX tokens such as Uniswap (UNI) and PancakeSwap (CAKE).  DEX tokens are cryptocurrencies that facilitate the exchange of digital assets on a decentralized platform, removing the need for intermediaries like centralized exchanges.

The WOO token looks good amid the release of its network Q1 report, which has shown some pretty positive results. The asset, trading at $0.257 as of press time, had recorded a 9% increase in valuation within 24 hours.

The cryptocurrency market is having an excellent start to the year. Prices of most cryptocurrencies have improved in recent months, with Bitcoin reaching a high of $28,400 earlier this week, for the first time since June 2022.

The twitter space for the WOO Network ecosystem informed that 705 million WOO tokens have been burned as they complete the first step towards token improvement. This accounts for approximately 24% of the total tokens in supply.

Key Points: WOO Network, an Ethereum liquidity network, will introduce a number of upgrades to WOO tokenomics. WOO Network will bring out a number of upgrades to WOO tokenomics during the first half of 2023.

High-frequency trading service Woo Network joins a list of 24 AML-approved crypto exchange and custody platforms in Taiwan. The post Crypto exchange Woo Network secures AML approval in Taiwan appeared first on The Block.

DeFi platform WOO X project has added support for fiat payments through a partnership with fintech platform Mercuryo. This will be the first time that WOO will be providing such services to its customers, as it attempts to attract more users by offering more payment options.