Select...

Wing Finance Price Prediction

calendar
Jan 11, 2023
timer
6 min read
wing-finance-price-prediction

This blog post will cover:

  • WING Statistics
  • Wing Finance Roadmap
  • Crypto community about WING
  • WING Price Prediction
  • WING Price Prediction 2024
  • WING Price Prediction 2025
  • WING Historical Price Analysis
  • Conclusion

WING is a native token of the Wing Finance platform, a DeFi project that is created to support various collaborations between DeFi products. Wing Finance is supposed to make all crypto borrowing processes easier by providing a new governance model and risk control. The main purpose of the project is to cover the existing gap in the DeFi credit mechanisms, which set limitations on how decentralized finance can expand its usage.

At the moment Wing Finance offers three types of pools: Flash Pool, NFT Pool, and Inclusive Pool. Users are welcome to participate in activities in the pools. In exchange they receive incentives in the form of the native token. Each type of pool has its own mechanism that regulates rewards and activity in the pool.

The WING token is mostly used for governance. It is used to vote for Wing Improvement Proposals, thus helping to determine the future of the project. The other use-case is staking. It can go to an Insurance Pool to provide security to protocol and/or suppliers.

WING Statistics

Price prediction at 02.08.2023:
WING price: $7.6700362609354364
Market capitalization: $23955973.12982185
Volume (24h): $4173760.99330289
Circulating supply: 3123319.41008323 WING
Total supply: 3427418.78058595 WING
Max supply: 5000000 WING

Wing Finance Roadmap

The Wing Finance roadmap for 2022 is published as a press release. Here are the highlights of the current plan:

  • Risk control
    
    This is one of the key points for the near future since DeFi platforms often happen to be targets of various attacks. The planned changes are going to implement an Inclusive Pool Scrolling System.
  • Front-end optimization
    
    A new front-end interface is about to be launched in Q3 2022. The new design should have a unique style and be optimized for users’ needs. 
  • Inclusive pool
    
    The Wing team believes that the future of DeFi is in under-collateralized/unsecured lending markets, implementation of which will most likely to attract more customers and thus obtain more liquidy. 
  • Flash pool
    
    This type of pool will get collateral liquidation, repayment, and swap.
  • NFT
    
    Wing welcomes NFT mortgage lending.
  • Ecosystem
    
    In terms of the ecosystem, Wing is going to add more assets, such as stablecoins, expand to new chains, and have a number of campaigns to attract more people.
  • Token
    
    It is planned to be listed on more exchanges, the insurance mechanism will be improved, Wing incentive distribution mechanism is also going to be changed. 
  • Wing DAO
    
    DAO is evolving as a governance tool. One of the key tasks for DAO is to attract more people, that will strengthen the community and, thus, the consensus mechanism. 

Crypto community about WING

Wing Finance has a nice Twitter community. There are a lot of people supporting the project. The team shares the most important information.

WING Price Prediction

Price prediction at 02.08.2023:
Average WING price 2023: $17.316363636363636
Average year-end WING price expected: $ 15.82

WING Price Prediction 2024

As of August 4, 2022:

According to Tradingbeasts.com no jumps or falls are expected. The current trend will remain.

WalletInvestor.com suggests that the price will continue to deepen, and the analysts do not predict any opportunities for a rise. By the end of 2024 it may fall to $0.189.

Digitalcoinprice.com expects 2024 to be a year of high volatility. The general trend will remain, however, the price may stay between $17 and $28.

WING Price Prediction 2025

As of August 4, 2022:

The same positive prognosis is given by Tradingbeasts.com for 2025. The price will continue to grow and in December it may reach $20.1.

WalletInvestor.com predicts a slight opportunity for a little increase. The price may close the year at $0.287.

On the other hand, Digitalcoinprice.com believes that the trend will be bullish. The price will fluctuate around $30 throughout the year.

WING Historical Price Analysis

All Time High (Sep 16, 2020): $140.81


All Time Low (May 12, 2022): $2.07

The price of the WING token follows the classical example of utility tokens. It showed the first peak soon after it was launched, after which it began to fall. However, it was the time of active development of different platform features. Thus, the price reacted to new implementations. It pumped tremendously when the Flash Pool feature was introduced in March 2021. Unfortunately, the WING price was influenced by the major crypto crash that occurred in May 2021. It tried to recover in August when some NFT features were introduced, but it did not last long. It continued the way down and reached an all-time low in May 2022. This July the price showed some promising signs after the NFT lending pool was introduced.

Conclusion

Predictions for the WING future are very controversial. However, it can be seen that the price of the token reacts positively to the changes that are made by the team, and the platform attracts more users.

Wing Finance is an interesting project that has a promising future. Lending mechanisms attract more people enabling them to join the community. The amount of DeFi projects is growing rapidly, and it is crucial to provide security and interoperability among them. Wing Finance promises to do this.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

Don’t miss our new articles!

mailbox

Share on:

Start your crypto journey with SimpleLearn lessons!

qrCode
Download the App

Related Articles

synthetix-price-prediction
Price Predictionscalendar
Jan 11, 2023

Synthetix Price Prediction

Learn more about the SNX price

terra-luna-price-prediction
Price Predictionscalendar
Jan 11, 2023

Terra (LUNA) Price Prediction

What LUNA price is expected

ogn-price-prediction
Price Predictionscalendar
Jan 11, 2023

Origin Protocol Price Prediction

Learn more about the OGN price