Key takeaways
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WOO is the best-performing cryptocurrency amongst the top 100 by market cap today.
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The rally comes as Woo Network listed new perpetual products and revamped its community ambassador programme.
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WOO could be eyeing the $0.3500 psychological level following its recent rally.
WOO price stands at $0.2893, up by more than 12% today
WOO, the native token of the Woo Network, is the best performer amongst the top 100 cryptocurrencies by market cap today. The token is up by more than 12% in the last 24 hours.
At press time, the price of WOO stands at $0.2883 and could rally higher in the near term.
The rally comes as the WOO Network listed the SUI perpetual token with zero fees on its platform. This latest cryptocurrency news means that traders on WOO can start trading SUI futures.
🌊 Ride the #SUInami on $SUI – PERP with ZERO fees. @SuiNetwork the latest L1 platform token built with Move, has arrived on WOO X.
▶️ Start trading at https://t.co/lM1upFinM5 pic.twitter.com/iD6VKdLIyC
– WOO X (@_WOO_X) May 4, 2023
In addition to that, the Woo Network recently revamped WOO Force, its community ambassador programme. The revamp is designed to extend the reach of WOO’s growth initiatives.
May the force forever be with $WOO ⚛️
🔥 Recognizing the surging social activity around the $WOO ecosystem, we’ve recently revamped WOO Force – our community ambassador programme.
▶️ Learn about these changes and join the force today:https://t.co/lXTgCTkHop pic.twitter.com/dNSRkI6YiG
– WOO X (@_WOO_X) May 4, 2023
These latest developments could be the major catalysts behind WOO’s ongoing rally.
Could WOO reach the $0.3500 psychological level soon?
WOO has been performing well in recent days and could be on its way to reaching new highs. At press time, WOO is trading above the $0.28 level.
If the rally continues, WOO could reach the $0.3500 psychological level for the first time since April 19.
The fundamental conditions of the broader cryptocurrency market could also help WOO rally toward that price.
Despite its recent positive performance, WOO remains 88% down from the all-time high of $2.4807 it achieved in November 2021.