Wormhole (W) Climbed over 10% on Saturday to Be Among the Top Gainers for the Day

The upbeat market sentiment and investor confidence helped the token gain momentum. At the press time, the coin is trading at $0.2227, up 8.18% as compared to same time last day.

Wormhole (W) rose more than 10% on Saturday to be among the top gainers for the day. The upbeat market sentiment and investor confidence helped the token gain momentum. At press time, the coin is trading at $0.2227, up 8.18% as compared to same time last day.

Wormhole's market value and ranking show how much its liquidity has increased as a result of its expansion. Recently, Wormhole announced collaborations to grow its ecosystem. The initiative aims to stay relevant by making its users more useful and rewarding its users.

Investor sentiment has been overwhelmingly positive regarding W, as evidenced by the Fear & Greed Index, which is currently at 58, which indicates market optimism. Also, in the upcoming days, investors might want to think about adding the token to their watchlist.

Additionally, once the month comes to an end, investors anticipate that the token will rebound and keep rising, with a goal price forecast of $0.58. This expected value growth is driven by wormholes' increasing adoption. In the interim, the coin can be found on Solana in SPL format and on Ethereum and EVM L2s in ERC-20 format.

On-chart performance for Wormhole (W) has been positive for all major data points. In particular, the Wormhole price has increased during the last week, indicating significant bullishness. Additionally, the W Foundation revealed that it had given Supranational a Contributor Grant, which will result in the Wormhole ZK hardware acceleration, during this period, which contributed to the rise in popularity of the W cryptocurrency. This popularity can help in the price surge that market participants are waiting for.

In order to reduce trust and improve security of the multi-chain ecosystem that the platform has developed, this market is essential. The Wormhole price forecast indicates that it may reach $1.41 by the end of Q4 2024.

In the short term, the price of W is expected to increase by 227.61% to $0.742857. Over the previous 30 days, W had 13/30 (43%) green days and 17.91% price volatility.

Moreover, data at indicates that there is a neutral overall sentiment for Wormhole price prediction, with 11 technical analysis indicators indicating bullish signs and 8 indicating bearish indications.

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