WLFI Enters Top 30, Analyst Explains Key Reasons Behind It

• A liquidity trader, VirtualBacon, highlighted that WLFI rose to the top 30 cryptocurrencies in just 2 weeks.
• WLFI price declined by 1.13% over the last 24 hours, with further corrections expected.
• ABTC listing went live on Nasdaq.

WLFI debuted 2 weeks ago and has made its way to the list of top 30 cryptocurrencies. A notable analyst explained the reason behind it by mainly crediting it to the ongoing altseason. WLFI price is currently down, and more corrections are anticipated. Meanwhile, the Trump family entered Nasdaq with ABTC, gaining more recognition in the crypto sphere.

WLFI Rises Ranks In Two Weeks

WLFI, the World Liberty Financial token, noted a rise to the 28th spot on the global list of cryptocurrencies. This is in terms of market cap, with WLFI reflecting a value of over $5.4 billion. VirtualBacon, a notable liquidity trader, credited the rise of WLFI to two main factors – ongoing altseason and pairing with USDT1.

Altcoins, like ETH and BNB, are beginning to record surges. This is after BTC sustained the milestone of $115,000. We are deep in confirmed altseason, said VirtualBacon, adding that SOL, BNB, ETH, and XRP were already pumped and WLFI was the next prime candidate.

As for USDT1, VirtualBacon explained that the stablecoin was working because it was regulatory-friendly. This was, in turn, working well for WLFI. Projects prefer USDT1 for being institutionally aligned and facilitating liquidity across chains. This adds credibility to the WLFI-USDT1 pair.

WLFI Price Movement

WLFI price plummeted by 1.13% over the last 24 hours, and was last seen exchanging hands at $0.2181. However, the price was still up by 8.45% over the last 7 days. The 24-hour trading volume dipped by 43.25%.

According to data by CoinCodex, WLFI price may undergo further correction in the next 1 month. It predicted a decline of 25.06% for a value of $0.16611 when the article was being drafted. Nevertheless, overall sentiments around the World Liberty Financial token are bullish with a neutral FGI rating of 52 points. Interestingly, short-term WLFI price prediction also shows the possibility of a correction.

ABTC Goes Live on Nasdaq

Meanwhile, American Bitcoin (or ABTC) went live on Nasdaq. The listing of America’s Bitcoin infrastructure was valued at $7.73 with the day’s range of $7.18 and $7.94. An announcement about ABTC’s Nasdaq listing was made by Eric Trump, who had earlier confirmed that USDT1 was coming to Solana.

ABTC’s listing on Nasdaq strengthened the presence of the Trump family in the crypto market. This is evident from the fact that WLFI and ABTC lifted Trump wealth even though the token price dipped on the chart.

It is important to note that the contents of this article are not recommendations or advice about crypto trading and investment.

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