Review on Waltonchain by Mehdi hazni
WTC Price Analysis
The waltonchain project offers VIoT, which has many benefits, such as anti-fraud, accurate product tracking, and reduced labor costs (there are other benefits, I just mentioned)
This network is generally a combination of the new technology of the world, namely blockchain, as well as the internet of things, which this technology can have a very good future.
I have done a complete analysis of the medium-term price of this currency in daily time frame and KRW (South Korean Won) pair, which I will review in this review (I have placed a photo of this analysis at the bottom of the review)
As I have shown in the photo, the price is in a bullish channel and has hit the floor twice, but the third time above the floor the price was supported, and for this reason, in my opinion, the possibility of hitting the floor again (500). KRW) from the current price and then will have a relatively faster movement towards the channel ceiling, which has a significant resistance in the range of 800 KRW, from which there is a possibility of a price correction and may even return. Fall to price resistance and build a downtrend. But overall I think it is very likely to grow to 800 KRW.
Pros
- The medium term is likely to grow up to 800 KRW
- It has about 54,000 followers on Twitter and about 19,000 members on reddit, which is relatively good compared to 177th on coinmarketcap, social media users.
- Waltonchain allows decentralized voting and policymaking
- The members of the project development team are people with experience (for example, Sanghyuk, one of the founders of the project, who previously managed the Standards Association in South Korea)
- High number of partnerships with powerful companies and individuals (for example: Kim Sukku, a former vice president of the very powerful Samsung company, supports this project)
Cons
- nothing
