WhiteBIT token WBTprice will rise as your own mainnet is launch?

4 lug 2023

In the two weeks since we published our previous WBTUSDT idea, the price has grown +15%

Of course, this is not a super rapid growth, but the chart shows daily candles that show a steady increase.

Assuming that the chart can draw a Cup and Handle pattern, the WBT price is now approaching a critical level from which a minimum correction of at least $4.95 can begin.
Or maybe the correction will not begin, and the slow, stable growth will continue at least to the range of $6.70-6.95, why?

WhiteBit announced several important news:

1. Their blockchain is finally fully ready. A security audit is underway and soon WB Network will launch its mainnet.
   
2. After the launch of the mainnet, WBT redistribution systems will be launched, i.e. WB Network and WBT commissions from funds will be distributed among users who have WBT in the holding. This will help develop the community and ecosystem.
   From an economic point of view, this is an incentive for crypto users to buy WBT from the market and hold them for a long time = reduced supply on the market = increased price.
   
3. At the same time, they announced a retrodrop, during which additional WBT will be credited to users as a reward. Perhaps this additional number of coins will increase the supply on the market and provoke the correction of the WBT price, which we wrote about above, there is a chance of this, as well as doubt)
   

It's also worth remembering that the huge unlocking of "fresh to the market" WBT coins will be in November 2023, according to the whitepaper. Until then, the "room for growth" of the WBTUSDT price is unlimited, there is "no ceiling" from above. The main thing is that the trend and the mood on the crypto market should be bullish.
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