In-depth analysis of W:

Wormhole is a leading interoperability platform that supports large-scale multi-chain applications and bridging. Wormhole provides developers with liquidity and users across more than 30 leading blockchain networks, enabling use cases spanning DeFi, NFTs, governance, and more.

Circulating Market Cap: $500.70 million

Token Circulation: Approximately 1.8 million

Circulation Rate: 18%

24-hour Trading Volume: $782.96 million

Turnover Rate: 156%

All data is sourced from CoinGecko

Sector: Cross-chain Sidechains

Weekly Resistance: 0.30-0.33

Weekly Support: 0.260-0.248

Personal Insights:

Since its launch, W has been in a long-term downward trend. After low-level fluctuations began in August, the market has gradually stabilized. I have reviewed all trading data since W's launch; it has only reached a trading volume of $2 billion once during a single day, and since August, there have only been 6 instances where the daily trading volume exceeded $1 billion. In the past week, there have been three instances where the daily trading volume exceeded $1 billion! Recent trading data is very unusual. Considering that the overall fluctuation of W has not been too large recently, it is very likely that W will make some moves in the near future or early next month, so I recommend buying.