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      Woo Network – Solving the problem of liquidity - Stocks Telegraph

      By Muskan

      Published on

      September 27, 2021

      2:04 PM UTC

      Woo Network – Solving the problem of liquidity - Stocks Telegraph

      The cryptocurrency market has reached new heights of success. The bull run of 2021 resulted in acceptance and adoption of the technology never seen before. However, the blockchain technology is far from perfect – yet. On the of the major problems that the market is facing is the lack of interconnection – or more commonly known as interoperability. Each blockchain operates as a universe of its own and the transfer of data and assets is not an easy feat. Woo Network is a platform that aims to tackle the problem of fragmentation in the market to unlock its full potential. 

      What is Woo Network? 

      The problem of fragmentation in the cryptocurrency market poses as a serious challenge for exchanges and traders alike. It limits the liquidity available on cryptocurrency exchanges which hinders the growth of cryptocurrencies. Woo Network is a deep liquidity platform positioned at solving the problem of limited liquidity in the cryptocurrency market. 

      Woo Network enables the connection between the various players in the market – namely, traders, exchanges, DeFi platforms and institutions – to provide best-in-class liquidity. The platform offers thin spreads and virtually zero trading fees. It also allows traders to transact and interact privately through its platform. 

      The network helps improve the user experience in the cryptocurrency market by combining DeFi and CeFi. Woo Network allows exchanges to outsource their market making to Woo Alternative Trading System which ensures exchanges make the best use of their resources. It also utilizes a payment for order flow (PFOF) system for smoother transactions. 

      In terms of credibility, Woo Network has a strong backing. The network started off as Wootrade founded in 2019 by the team behind Kronos Research. Kronos Research is one of the leading quantitative trading platforms with a daily trading volume of more than $10 million. It is also a designated market maker for some of the top cryptocurrency exchanges like Binance, Huobi etc. 

      What does the future of Woo look like? 

      The future of pretty much all of the leading projects in the decentralized finance sphere is regarded as bullish. The problem of liquidity is widespread in the market and solutions like Woo Network are poised to become integral in the market which makes its future outlook optimistic. 

      According to the estimates of Wallet Investor, the cryptocurrency is expected to be trading at a price level of $1.51 in a year’s time. The upward trajectory is expected to continue over the years with WOO reaching a price level of $5.45 in five years’ time. Digital Coin Price expects Woo Network to end the year with a price level of $1.05 and reach towards $2.57 by 2026. 

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