Ana Sullivan

Wanchain (WAN) Coin – Will Its Price Go Down Rapidly Again?

by Ana Sullivan June 7, 2018

Wanchain is creating new distributed financial infrastructure with cross-chain smart contracts hoping to connect digital assets worldwide. Wanchain also wants to rebuild finance and power the new digital economy. The Wanchain (WAN) coin has reached a market capitalization of 479.62 Million dollars in the last 24-Hour period. The coin traded 2.89% higher against the U.S. dollar during the last 24 hours ending at 11:00 AM EDT on June 7th. Earlier today and a couple of days ago, the price value saw a bigger rise, before dropping down again shortly afterward.

 

 

 

The Wanchainteam has published the White Paper on their official website. A roadmap is also available at the bottom of the main page portraying what this cryptocurrency is about and what is expected to become of it in the future as well.

 

Wanchain (WAN) – Recent Performance

 

The Wanchain has reached a market capitalization of 479.62 Million dollars in the last 24-hour period. Wanchain (WAN) saw a rise of 2.89% at 11:00 AM EDT, on June, 7th against the US dollar. That price spike seems similar to the one that occurred earlier in the day as well as the middle of June 3rd. The price drops rather in a rapid fashion after such up spikes. You can see the price fluctuations in the chart down below:

 

 

The graphical chart was taken from the CoinMarketCap website.

 

Wanchain (WAN) – Historical Background

 

Wanchain is creating new distributed financial infrastructure with cross-chain smart contracts hoping to connect digital assets worldwide. Wanchain also wants to rebuild finance and power the new digital economy.

 

Wanchain aims to build a distributed “bank”. Just as traditional banks are the infrastructure of the current financial framework, Wanchain seeks to build a new, distributed infrastructure of digital assets to form an improved, modern framework.

 

Wanchain connects and exchanges value between different blockchain ledgers in a distributed manner. The Wanchain ledger supports not only smart contracts, but also token exchange privacy protection.

 

However, Wanchain has yet to prove that its cryptocurrency can maintain a somewhat reliable market price. Rapid fluctuations show that the coin is still volatile and can change over the course of a single day.

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