Cryptocurrency prices can be volatile and unpredictable, and may be influenced by various factors, including market manipulation, regulatory changes, and technological developments. If you’re not a Bitcoin or cryptocurrency miner, you may be thinking that this token doesn’t seem to be much use to you. As a digital mining landlord, you may be poised as the shovel salesman in the California Gold Rush. Even if Bitcoin, Ethereum, or any cryptocurrency completely fails, the owners of the mining equipment will still mine whatever the new coin is, unless all cryptocurrency mining ceases. Right now over 90% of the trading volume happens on a single exchange called Fork Delta.
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- WTT is down -1.04% against Ethereum and down -3.11% against Bitcoin in the last 1 month.
- Investors should conduct their own research and analysis before making any investment decisions.
- The 14-day relative strength index (RSI) is currently at 45.46, indicating Natural conditions in the market without being oversold or overbought.
- Among all the assets available on CoinStats, these have the most similar market capitalization to Wrapped Thunder Token.
This presents a huge opportunity for Giga Watt’s customers to earn more crypto by mining for premium projects like Leonardo Render. Another thing you can do with a WTT token is to actually rent them out to other miners. This is an interesting proposition that has yet to be fully realized, because of the construction delays that have resulted in low rental utilization rates.
Giga Watt Token price analysis
This price does not take into account that if you do actually rent out your WTT tokens, you will be receiving cryptocurrency micropayments every hour. These tiny payments add up over time, and could be seen as a form of dividend. For example, if I want to host a single machine with Giga Watt, I would normally be paying $0.117/kWh. However, if I hold WTT tokens, then I can host as many as I want for what I believe is the lowest price in the world, $0.03/kWh.
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Please remember, this is not investment advice, it’s just an honest analysis of a token that I use and that I think is interesting and unique. Since I run a small cryptocurrency mining operation, I use these tokens to host my mining rigs at the lowest possible price. This allows us at BTC Northwest to invest in infrastructure on a fifty (50) year lease in increments of a single watt of power. The really nice thing is that this gives us the ability to scale as large as we want, since Giga Watt has locked down 30 Mega Watts of power.
Giga Watt Token Price
So, technically, it’s decentralized and might be considered on the cutting edge of the cryptocurrency revolution. Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies. Bollinger Bands are often used by traders to identify potential entry and exit points for a trade. When the price of an asset moves above the upper band, it may indicate that the asset is overbought and a sell signal. When the price falls below the lower band, it may indicate that the asset is oversold and a buy signal. Among all the assets available on CoinStats, these have the most similar market capitalization to Wrapped Thunder Token.
For the last 30 days, more than 1 WTT transactions have been made, on average daily 0.03 completed transactions. There was no trade for the last 24 hours, meaning no one sold or bought this coin. Create wtt coin price a free account to gain access to news, analysis, and real-time alerts on the stocks you follow. September is the best month, and August is the worst by analysing data of the last five years.
Giga Watt raised over 20 million dollars in an ICO in 2017 to expand into Wenatchee, Washington, and build a campus of “Gigapods”, a specialized building for hosting cryptocurrency mining computers. Headed by Dave Carlson, Giga Watt is one of the largest cryptocurrency mining companies in the USA. Carlson was the CEO of a previous Bitcoin mining company, Mega Big Power, based out of Moses Lake, Washington, and a former Microsoft employee. This chart shows long-term WTT crypto price prediction for the next several years 2025, 2030, and 2040.
It refers to the percentage of the total supply of the cryptocurrency held by the top wallet addresses. Additionally, since the WTT token has an actual use case, unlike 99% of the ICOs that have happened so far, it actually seems to be holding its value better than the market at large. For example, over the last 90 days, the WTT token has held its value remarkably well. Giga Watt and Leonardo Render are bringing a new opportunity to our mining customers. CGI Rendering is best known as the process of using computing power to produce synthetic images, such as for animated Hollywood movies. Additionally, rendering is used extensively by many industries from architecture to retail.
As a token holder, I can choose to rent out my tokens to miners as I mentioned earlier. Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Giga Watt https://cryptolisting.org/ Token price chart. To see more analysis and outlook, please check the Giga Watt Token price prediction page. ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors.
The table above shows the number of days which Giga Watt Token closed above a certain price level. The price of Giga Watt Token in the ICO was $ 1.20 and the token sale ended on Jul 31, 2017. Since then, WTT price decreased 0.01x against US Dollar, decreased 0.00x against Ethereum and decreased 0.00x against Bitcoin. The coin’s obverse (heads), by sculptor Glenna Goodacre, continues to feature Sacagawea carrying her infant son, Jean-Baptiste. Inscriptions are “LIBERTY” and “IN GOD WE TRUST.” The year, mint mark, and “E PLURIBUS UNUM” are incused on the edge of the coin.
Monthly performance data shows the change in price of a cryptocurrency month over month. Analyzing monthly performance data, can help to identify patterns, market cycles, and potential opportunities for buying or selling an asset. It is important to note, however, that past performance does not guarantee future results and that cryptocurrency prices are notoriously volatile, making accurate predictions difficult. We also gather additional information from different sources to ensure we cover all necessary data or events. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
Investors should conduct their own research and analysis before making any investment decisions. You should also be aware of the potential for loss, and only invest what you can afford to lose. The 14-day relative strength index (RSI) is currently at 45.46, indicating Natural conditions in the market without being oversold or overbought. Similarly, the weekly chart’s relative strength index (RSI) is at 52.54, also indicating natural conditions in the market.
In the future, unless cryptocurrency mining and ALL other possible applications of mining fail, I think the WTT token will increase in value. As a miner, this is a mixed bag for me, because as I expand our operation, I need to buy more of these. However, these tokens are an asset for us, so with their appreciation, the value of our company grows too and the more machines we can host.