Ethereum

Wormhole

<ul>
 <li>Wormhole (W) defies the crypto market downturn, surging 12% from $0.6356 to $0.7616.</li>
 <li>The integration of Wormhole on the Ethereum (ERC20) network by Binance has boosted W’s rally.</li>
</ul>
While the global crypto market is displaying a sea of red across all the cryptocurrencies, Wormhole (W), the cross-chain messaging protocol, has seen its price climb by over 12.16% in the last 24 hours, rising from $0.6356 to $0.7616. This surge marks the third consecutive day of gains for Wormhole.&nbsp;
The reason behind this rally could be the successful <a href="https://thenewscrypto.com/wormhole-signals-big-moves-in-cross-chain-expansion/" target="_blank" rel="noopener noreferrer nofollow">integration</a> of Wormhole on the Ethereum (ERC20) network by Binance, one of the world’s largest cryptocurrency exchanges. This development, announced on June 7, 2024, now allows users to deposit and withdraw W on the Ethereum network, further expanding its accessibility and utility.
At the time of writing, Wormhole is trading at $0.7609, with a market cap of $1.3 billion. Over the past week, the token has surged by more than 30%, accompanied by a 52% increase in daily trading volume, which now stands at $366 million.
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="778" height="397" src="https://thenewscrypto.com/wp-content/uploads/2024/06/image-41.png" alt="" class="wp-image-100260" srcset="https://thenewscrypto.com/wp-content/uploads/2024/06/image-41.png 778w, https://thenewscrypto.com/wp-content/uploads/2024/06/image-41-300x153.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/06/image-41-768x392.png 768w" sizes="(max-width: 778px) 100vw, 778px">
 <figcaption class="wp-element-caption">Wormhole (W) Price Chart (Source: <a href="https://coinmarketcap.com/currencies/wormhole/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>)
 </figcaption>
 </figure>
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Following the sudden surge in the price of Wormhole, the speculation surrounding the token’s future trajectory is mounting, with investors viewing the possibility of the token reaching the dream $1 mark by June 2024.&nbsp;
Further, this surge in price reflects growing <a href="https://thenewscrypto.com/wormholes-w-token-jumps-7-amidst-crypto-market-decline/" target="_blank" rel="noopener noreferrer nofollow">investor trust</a> and confidence in Wormhole’s advancements, particularly its strategic initiatives such as the Stake for Governance feature, enhanced security measures, and crucial partnerships facilitating cross-chain accessibility.

Wormhole (W) Price Climbs Over 12% Amidst Global Crypto Slump

TheNewsCrypto

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