Wanchain (WAN) Analysis

Market Cap

$261,927,046 USD

Volume (24h)

$12,261,175 USD

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3.6

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

Wanchain Markets Rank: 3/100
Volume Ratio

How actively is this asset being traded on the market?

Wanchain Volume Ratio Rank: 5/100
Market Cap

The total cost of all coins available.

Wanchain Market Cap Rank: 97/100
24h Change

Is the price moving up or down?

Wanchain 24h Change Rank: 44/100
Social Following

How many users are following this coin?

Wanchain Social Following Rank: 96/100
Google Trends

How many users are searching for the coin?

Wanchain Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

Wanchain Twitter Citation Rank: 53/100
User Voting

How popular is this coin among Cointobuy community?

Wanchain User Voting Rank: 70/100

Wanchain investment analysis

WAN is a blockchain network which connects different financial assets together. Their platform allows for cross chain transfers of cryptocurrency based assets, providing much-needed liquidity to other chains and allowing investors to better utilize their assets.

The chain is compatible with smart contracts, and it also adds a privacy protection layer to these transactions. By utilizing one time addresses and ring signatures the platform allows for anyone to send completely private transactions, even with currencies which are not traditionally very private, such as Bitcoin.

This project is capable of much more than cross chain swaps though. It's also a platform that will allow others to build their own financial applications utilizing this protocol. Those looking to make a Wanchain investment could consider this product more along the lines of Ethereum for financial applications, and this chain can actually make use of any existing smart contracts that are already running on Ethereum, making it easy for any project to transfer their operations to Wanchain.

How to buy?

$1.55

+48.6%

$2.3

417/4338

by Safety

2558/4338

by Profit

How to buy Wanchain?

Investors will need to utilize some very specific exchanges in order to buy Wanchain, but fortunately, their listings are at fairly popular platforms. Bitcoin and Ethereum are the highest volume trading pairs, and the liquidity seems to be pretty evenly split so that you'll be able to execute a trade for the currency of your choice and at the exchange you prefer.

Investors should keep in mind that while this asset was once an ERC20 token, it is now on its own chain! If you purchase this coin do not send it to your Ethereum wallet or your coins will be lost. Instead, go to the official website, and download the new wallet for this asset. They have made available installation packages for Windows, Linux or Mac operating systems in order to allow you to safely store your investments.

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If we look at the Wanchain analysis, we can see that they are performing well in many categories. There are a number of users actively talking about them on social media, and they are doing well in search trends as well. This is always a good sign for a project because it means people are becoming more interested in their platform.

The only less than desirable areas they seem to have are in the markets section because while they do have some very good exchange listings, they don't have very many. Once their asset starts being offered on more exchanges this will change, and their safety ranking will increase further.

As far as their product goes, they've created something interesting. While most blockchain projects are running to create a new solution to the many problems faced in the space, the WAN team has instead decided to make existing solutions more useful. There's a definite benefit to this in that instead of spending your time trying to get people to adopt a new coin, instead you allow them to continue using the ones that they already have, but with new features.

If you invest in WAN, then you're essentially helping to fund an upgrade for virtually every blockchain project. That means that WAN can benefit from the adoption that Bitcoin already has, and Bitcoin users can benefit from the new features that WAN can introduce to their chain such as privacy and smart contract usage, without Bitcoin having to actually change anything.

There are many potential uses for the project's capabilities including decentralized exchanges, asset management, and even crowdfunding platforms. In fact, much like the Ethereum network which Wanchain was founded on, users will be able to utilize the project's advancements to create any type of application that they might want to make. WAN will also be moving to Proof of Stake, which will give them superior scaling capabilities to the current Ethereum network.

This project combines the best parts of different blockchains and then turns them into one smooth, working product. The applications of their technology seem limitless, and they have a stellar crew at the helm to guide them. They've just released their main net recently, and this project might be an investment that you don't want to sleep on.

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