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The WBT coin appeared in popular cryptocurrency ratings in August 2022. This coin is an internal coin of the Lithuanian cryptocurrency exchange WhiteBIT.
The initial price of WBT started at $4.51 in August and already at the beginning of September it grew to $6.66. Then there was a correction, because 2022 was the year of bears. WBT fell to $3.16 in September. But a month later there was a powerful rise to $14.51. This happened against the backdrop of the declining behavior of the crypto market. Which in itself is very strange. Perhaps there were some internal reasons on the WhiteBIT exchange itself that contributed to such a rise in the WBT coin. Be that as it may, it must be noted that this coin is subject to manipulation and its price is in no way tied to the crypto market.
After this rise, WBT was followed by a sharp fall, as expected. In November, December and January, WBT was rapidly falling, reaching a price of $3 per coin in February 2023. It was a fiasco. An anti-record. WBT has not yet fallen below this level.
What has 2024 brought us?
The bull season has arrived. The first wave of the 2024 bull season brought WBT to the level of $10. The coin has tripled in price. However, all this happened gradually. Every month since March 2024, WBT has increased in value by 5% - 10%.
And today, the second bull wave of the 2024 season is in full swing. WBT set its absolute record at $19.55. Investors who managed to buy it half a year ago were able to increase their capital almost 2 times.
What are the WBT forecasts for 2025?
If Bitcoin rises to 80-90 thousand dollars, WBT will be able to set its new record at a level not lower than 25 dollars. However, if the bears come, it will collapse very quickly. Much faster than the first cryptocurrency will become cheaper. The chances of price increase next year are like 50 to 50.