The loud release of the WBT Token was complemented by a rapid rise in prices. Analysts did not predict such an increase in value, but the demand for the token and the opportunities it provides have made the cryptocurrency one of the most popular and in demand on the market. Many experts confirm the fact that the coin will be profitable in the long run, but novice traders have already noted the fact that it is profitable in the short term.
Current review of WhiteBIT Token
The token rate as of the end of October was $12.2. It is assumed that by the end of the year the price will not rise much, but will be able to fix at approximately $12.88 – $13. Analysts predict a gradual increase in the value of WBT/USDT. Indicative indicators that can be achieved in a stable market situation and without the critical impact of external factors:
- 2023 – $18.4 – $19.03.
- 2025 – $39.9 – $41.4.
- 2028 – $120.1 – $124.4.
- 2030 – $246.4 – $255.2.
When compiling the forecast, a deep technical analysis was carried out, which shows that in a stable situation, the specified digital asset is a profitable investment instrument. At the same time, pay attention to the fact that the rate on WBT, like any other token, tends to be influenced by external factors.
Why the token is promising and profitable
First of all, it is worth noting the fact that the development of a digital coin is directly related to the stability of the trading platform. Today, the WhiteBIT exchange is the largest European trading platform, which continues to expand, which confirms the liquidity and daily trading volumes.
An additional benefit for users and holders is provided by the tools of the trading platform. For example, you can send a token to a holding or choose staking, which will bring additional income and open access to benefits in the form of an increased referral rate, the ability to withdraw a certain number of ERC-20 coins, free daily AML checks.
The developers have big plans for the next year, so it is expected that in 2023 the token will switch to its own blockchain, the development of which is already underway. Integration into the real sector of the economy is also expected. This provides good prospects for investors, as it provides for a subsequent price increase and the rapid development of the project with the demand for a particular token.