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Waltonchain Becomes Safe Harbour For Investors?

30 december 2018, 23:45 by Gilbert Hanson

Waltonchain Becomes Safe Harbour For Investors?

At the moment of writing this article, all of the top cryptocurrencies are beginning to fall, which may lead to some notable dump at the last day of 2018. Other analysts and traders are speculating that this is a "preparatory" dip for what is going to be an incredible and breath-taking ride towards sky. Whatever happens next at the moment some of the altcoins have become a safe green harbours for traders to sail calmly through the red sea.

WTC Price Analysis

Waltonchain (WTC) has increased by 2.67% while coins such as Bitcoin, XRP or Stellar are scoring -2% price changes, based on the last 24 hours.

WTC/USD Price Chart, Sunday December 30th:

Waltonchain Price Chart

While the other coins where thriving in last two days, WTC also benefited from the overall green market, but remained rather silent without any notable price changes. On December 28th, Waltonchain got from $1.07 to $1.19 with one quick jump and a trading volume of $3,000,000. The top was achieved at the $1.23 mark, which was followed by a correction towards $1.15 region. Today, as most of the coins started falling, WTC hit the low at the $1.09 and then as it got noticed by other investors, jumped even above previous days levels and scored $1.24.

Waltonchain and Mito cooperation

When it comes to some notable news announcements that could also impact WTC price, the company has recently announced partnership with New Zealand based tech company. They announced it via their twitter account:

"Waltonchain has officially signed an MoU with New Zealand's leading biotechnology company MitoQ http://www.mitoq.com to provide our blockchain + IoT solution in product traceability, logistics, warehousing etc., to safeguard @Mito_Q's supply chain management."

The most notable fact in this particular partnership is that it actually increases a potential demand for the WTC coin. Many blockchain projects announce new partnerships which later operate solely on the technology or some marketing campaigns. Many cryptocurrency investors have criticized Ripple, that even though it begins to acquire some notable and significant bank and corporate partnerships, it doesn't increase the demand for the sole XRP token, but focuses solely on the technological solutions of Ripple's company.

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