$WFN — 5/21 Update
WFN corrects after exploding 250%, crypto market hit by more China FUD, and AMA Women of Doge AMA tonight.
Six days in and WFN has reached a seven-figure market cap and 2000+ holders. Despite the correction, WFN has held has continued its bullish trend against the worst week the crypto markets have seen in 2021. The recent plunge was driven by a string of factors. First, Musk reversed Tesla’s decision to accept Bitcoin as payment due to clean energy concerns over mining. News of stricter crypto regulations from China and a new proposal in the US requiring traders to report crypto transactions of over $10,000 to the IRS has created further downside for the market in the short-term.
At the time of writing, the WFN/BNB pair has bounced off of yesterday’s pre-parabolic zone of $1.3e9. Bulls are looking to flip this zone to support and keep WFN’s momentum up through the weekend leading into the SatoshiStreetBets AMA on Tuesday 5/25.
Join the Junior Developer of Winfinity on the Women in Doge Twitter Live AMA:
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