DEC 26, 2023
(Alpha) Weekly Altcoin Review: Moonwell ($MOONWELL)
by Crypto Alpha, BXVb7rtP5dwgpuKWx3S1B78sdwibsPstuowsyzjpU1jE
Crypto Alpha is dedicated to providing you with a weekly altcoin alpha, consistently delivering valuable insights and opportunities in the dynamic world of cryptocurrencies. Stay ahead of the curve with our expert analysis and recommendations, ensuring you have the knowledge and tools to make informed decisions in the ever-evolving crypto landscape.
Can you see the MOON(WELL)?
Moonwell is a lending and borrowing protocol. This project went live on Base (backed by Coinbase) around August 2023. Moonwell and Base intend to work together to reach all the unbanked entities around the globe to bring them on-chain. The price of the Moonwell token has struggled since launch, with the price currently trading at $0.00600 (as of the time of this writing). The ATH (all-time high) was around $0.01900 before grinding to an ATL (all-time low) of $0.00300.
What is MoonWell?
Moonwell is a decentralized finance protocol, with an ambition to become the leading open lending protocol for the DotSama ecosystem. The debut of the “Apollo” edition of Moonwell on the Moonriver network marks the beginning of the journey into the ecosystem. The Moonwell community exhibits their unshaken commitment to security through regular smart contract audits by Halborn and Code4rena, risk management services from Gauntlet and Warden, and an Immunefi bug bounty program. The community is governed by $WELL token holders, which helps the project evolve by leveraging the insights and contributions of its solid community. Moonwell's unique blend of accessibility, user-centric design, robust security, and community collaboration distinguishes it as a leader in the DeFi space, inviting everyone to participate in a more inclusive and transparent on-chain financial future.
To get more details and the history of this project click (https://coinmarketcap.com/currencies/moonwell-artemis/).
Why are we looking at the MOON(WELL)?
Although the price of this token might not be too good to look at, we think that if the developers continue to build and maintain engagement, the paradigm shift of the bull market may launch this token to the moon. Not to forget that it is indirectly backed by Coinbase, with a solid team of developers and advisors.
Let’s get into the charts!
Going to the MOON? just before the price launch into the moon, let us position ourselves at the Launchpad...
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