The price of WadzPay (WTK) fell possibly due to disappointment from MEXC listing.
The project promised two tier-1 listings, if MEXC is the first could Binance be the second?
The dump in price is also due to a collective market dump caused by Bitcoin’s price fall.
The price of WadzPay (WTK) fell by 5.91% over the last 24 hours. The altcoin fell from $0.04 to $0.036 and is now standing at $0.038 according to CoinMarketCap analytics. This fall in the asset’s price came soon after WadzPay revealed its tier-1 crypto exchange listing on MEXC.
In mid-June WadzPay announced two tier-1 listings for its native asset WTK. The whole month of July was hyped by this announcement and WTK price went up and down repeatedly as the WTK community experienced excitement and FUD. Many WTK enthusiasts expected these tier-1 listings to take place on Binance and OKX.
However, the first tier-1 listing was MEXC and despite MEXC being a reputed crypto exchange, WTK price took a dip because it seems most WTK holders were disappointed with the MEXC listing. Many are still hoping that the second listing will be on Binance.
The need for security updates strongly suggests that $WTK is targeting a top-tier exchange like #Binance or #CryptoCom, not #MEXC, which often lists tokens without stringent security measures. #WadzPay #WTK https://t.co/rQkVsGoYr8
— Nick WADZ (@Crypto_Viking33) July 28, 2024
One user even went on to explain how WTK needs strong security and WadzPay will likely still announce a Binance or Crypto.com listing announcement. He believes MEXC is not an impressive enough listing for a project as capable as WadzPay.
So far, WadzPay has received its VARA license and is a major blockchain and crypto entity in the Middle East, Africa, and South America. The project has entered into major partnerships with clients in the UAE. This led many WTK holders to believe that Binance is the best choice for a tier-1 WTK listing due to Binance’s direct AED rail.
Another reason tha...
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