TIME, the token of the unstable decentralized reserve currency system Wonderland, has fallen in value by 22% today (May 11) to $61.36, a significant decline for a coin that had briefly exceeded $14,000 last November.
At that cost, it would have lost more than 98 percent of its value by 2022.
When news outlet Bloomberg revealed in January that the business’s treasurer was Michael Patryna, a criminal linked to one of the largest cryptocurrency scandals, the bankrupt Canadian cryptocurrency exchange QuadrigaCX, the company was shaken.
The disclosure rekindled the conversation about the governance of decentralized finance (DeFi) initiatives and raised worries about Wonderland’s future.
He has reportedly established new crypto using his former pseudonym of Sifu after leaving the organization.
How about defining Wonderland (TIME)? Why has the market so drastically lost interest in it? What is the current outlook? What would be a reasonable goal price?
In this article, we look into analysts’ analyses and price projections for the TIME coin and the most recent Wonderland and market news to help you know what to anticipate if you decide to add the currency to your portfolio.
Investing in Wonderland has huge rewards
Wonderland is a decentralized reserve money system and one of the first Olympus forks on the Avalanche blockchain network. Its TIME cryptocurrency token is backed by a treasury of liquidity tokens, including magic internet money (MIM) (MIM). The MIM coin is integrated with Avalanche and native to the Ethereum network.
The protocol would buy back and burn Time when it traded below 1 MIM since the treasury backs every TIME with at least 1 MIM. This has the effect of putting TIME’s price back up to 1 MIM. The protocol enforces no top limit. Therefore TIME might always trade over 1 MIM, according to the company’s whitepaper. Although we think the real pricing will always be 1 MIM plus premium, the market ultimately has the last say.
Duration token owners have two options for generating additional tokens: they may stake their tokens or mine them by exchanging MIM or liquidity pool tokens for discounted TIME after a certain time.
Wonderland provides investors with high annual percentage yields (APY) returns so they may accumulate interest. According to the company’s website, as of April 25, there was a treasury balance of $276.9 million and an APY of approximately 77,000 percent.
Investors have questioned the sustainability of large returns in light of the APY. Over Time, the yield may decrease, and if the price declines faster than the pace at which holders earn their staking incentives, their entire position might become negative.
Daniele Sesta, a Web3 developer and an unnamed group of decentralized finance (DeFi) community members, introduced Wonderland in September 2021. They chose a decentralized autonomous organization (DAO) model so that token holders would oversee choices about the protocol’s future development. Abracadabra Money, which Sesta established, lets users borrow money from MIM by placing interest-bearing security.
The system’s reliability and consistency will be improved in the long run to make TIME usable as a universal medium of trade and unit of account. They want to maximize its potential for development and profit generation in the near term.
Time became live on the Fantom chain, and an AVAX-TIME yield farm launched on the Pangolin exchange in October, enabling users to purchase staked Time in the form of wMEMO tokens.
The governance structure was laid out in a blog post on December 12. The DAO disclosed an interest in the decentralized cryptocurrency betting site bet swap. gg on January 6. The investment is Wonderland’s first in a new enterprise at the seed level. The DAO paid $18.34 million for 2.096 billion BSGG tokens.
Using the entire Olympus DAO methodology and token economics to distribute and generate cash, Sesta tweeted in October that Wonderland will soon have a launchpad for DAO creation and fundraising.
TIME price drops after a quick rally
The figure below demonstrates how the value of the TIME token skyrocketed from $554 on September 2 to a high of $9,993 on November 8. On November 10, it dropped to $7,447 before rising to a peak of $9,856 before starting to fall. On November 17, it crossed the $9,000 mark once again.
TIME hit a low of $2,757 on December 14 before ending 2021 at $3,733, a 574 percent increase from the start. However, the price chart reveals that it had declined, reaching an all-time low on May 11, 2022, when the cryptocurrency markets became negative, at $57.
Wonderland cryptocurrency price forecast: Will TIME increase or decrease over Time?
Technical research from CoinCodex revealed that sentiment was still pessimistic from a short-term viewpoint as of the Time of writing (May 11). Four indications were positive, while 23 showed negative signs.
The daily simple and exponential moving averages were bearish along with the volume-weighted moving averages. At 14.76, the relative strength index (RSI) indicated bullishness.
By May 16, according to CoinCodex’s short-term Wonderland price forecast, the token’s value might increase by 8% to $70.3.
As of May 11, the algorithm-based forecasting website Wallet Investor’s price prognosis for the Wonderland coin was quite pessimistic, with a TIME price prediction of $29.8 in a year and $4.3 in 2027.
The DigitalCoin TIME bitcoin price forecast was considerably less pessimistic but still indicated that TIME may increase in value over the next several years. Using historical data research, DigitalCoin predicted that the TIME price will average $80 in 2022, $89 in 2023, and $117 in 2025. The coin may cost $282 by 2030.
The long-term Wonderland TIME cryptocurrency price forecast by Price Prediction indicated that the coin will average $289 in 2022 and $854 in 2025. A deep technical investigation supported by artificial intelligence indicated that, according to its Wonderland projection, it may increase to an average of $6,034 by 2030.
It’s important to remember that cryptocurrency markets continue to be quite unpredictable, making it difficult to anticipate a coin’s price with any degree of accuracy over the short term and much harder over the long term. As a result, forecasts made by experts and algorithm-based forecasters sometimes turn out to be inaccurate.
Before making any investment decisions, we advise you to always do your research and consider the most recent market trends, news, technical and fundamental analysis, and professional advice. Remember that previous results do not guarantee future success. And never risk more than you can afford to lose while investing.
Price Prediction for Wonderland
Price Prediction for Wonderland in 2022
It seems that Wonderland (TIME) prices will match their prior all-time high by 2022.
We may anticipate an average price of $79.84 by the year 2022. If all goes according to plan, Wonderland’s maximum price in 2022 might be up to $88.60. After a protracted bull run, there is a potential that the market would crash, which is typical for the cryptocurrency market.
Price Prediction for Wonderland in 2023
If the following conditions are met, TIME may reach $137.78 by 2023 with significant financial institution collaboration and the current price range of Wonderland, which may attract many traders.
It may surpass the most recent price trend to reach new heights with an average price of $114.89 for 2023. The price tagline may change when the cryptocurrency market experiences another positive wave before 2023.
Price Prediction for Wonderland in 2024
There are indications that a new era is coming for the cryptocurrency sector. There is still hope that the currency will get a lot more attention. Thus it is certain that the long-term price estimate for TIME will skyrocket. The minimum price value for 2024 is $167.28, with an average price of $171.88. The highest possible price is anticipated to trade at $195.20.
Price Prediction for Wonderland in 2025
The efforts of the network developers and community investors will raise Wonderland’s worth. As a result, the forecasted price for 2025 is optimistic. Analysts predicted that TIME’s price will reach a maximum of $287.04 by the end of 2025. On the other hand, it is quite hopeful for the eventual expansion of Wonderland. Therefore, depending on the market, it is anticipated that the average price of TIME in 2025 would range from $236.33 to $244.92. The TIME’s maximum price for 2025 is $236.33 to $287.04, as indicated in the same phrase.
Price Prediction for Wonderland in 2026
Many websites and forums provide a simple way to use this money. This forecasting tool predicts that Wonderland’s price will remain stable for a very long period. The TIME is anticipated to reach a maximum value of $411.56 by 2026. If the market becomes positive, the minimum price might rise to $330.08.
Price Prediction for Wonderland in 2027
Market volatility is what drives cryptocurrencies. Forecasting and keeping up with the present price are difficult tasks nowadays. In this context, several crypto analysts are involved. The price predictions are accurate for the cited years. Consumers of cryptocurrencies are nonetheless anxious about the new regulations and prohibitions. If the market has a strong bull run in 2027, the Wonderland price may surpass $577.08. Long-term investors are anticipated to hold it, so its average price in 2027 will be close to $507.16.
Price Prediction for Wonderland in 2028
With the large community, TIME will be seen as a superior choice, and Wonderland’s price will reach new heights. Price swings are difficult to forecast, particularly when the market is more bullish or bearish than ever. The cost of Wonderland in 2028 will be close to $697.33, and the highest price we can get is $848.97. By the end of 2028, the average price of Wonderland may be approximately $722.68. A significant price fluctuation is anticipated within the range set by the cryptocurrency market.
Price Prediction for Wonderland in 2029
With further acceptance and alliances with other significant blockchain networks, the price of Wonderland would soar in 2029, with the highest trading price perhaps reaching $1,207.66. If we maintain the current price ranges, they will be quite fashionable. If everything goes according to plan, prices should range from $1,060.48 on average to $1,207.66 in 2029.
Price Prediction for Wonderland in 2030
Basic analysis is crucial for long-term Wonderland price projections. There are a few advantages for the industry that the native token provides. The independence of the digital economy makes it perfect. The network provides competitive programmable payment, logistics, and storage alternatives as DAPPs and stable currencies grow. If additional investors are drawn to the concept, there is a probability that the average price of TIME may increase to roughly $1,511.28 by 2030. A maximum price of $1,785.62 and the lowest price of $1,468.86 are both possible for 2030.
Price Prediction for Wonderland in 2031
The number of users and adoption of TIME might grow significantly with the right partnerships and improvements. The price might increase significantly if the market focuses on investing in Wonderland. It may increase to a maximum of $2,482.33 by the year 2031. If the market declines, it is anticipated that the TIME will somewhat flip around. With a minimum price of $2,135.49 and a maximum price of $2,482.33, the year 2031 might conclude with an average price of $2,195.95.
Wonderland: Is It a Smart Investment?
Many analysts and traders feel that Wonderland has been a superb investment for a long time. Unexpectedly, the value is growing. As a result, the investment will certainly provide a healthy return.
To sum up
Wonderland has altered several industries since its release. The currency has received approval from several regulators, and a group of specialized developers is working hard to promote and broaden its use.
This manual self-evaluates TIME’s previous performance and the likelihood of future success. That’s everything for now. We routinely add fresh content to our website to help you in any way we can.