Wombex FinanceWMX
$0.151
Market/Exchange
WMX Price Prediction and Price Movement
WMX has been down 26.59 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that WMX's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if WMX is backed by a solid development team and whether WMX's technology has any potential to grow.
Please note that this analysis is purely base on WMX's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Wombex Finance Price Chart
About Wombex Finance
Wombex is a yield aggregation and veToken accumulation protocol built on top of Wombat. The protocol operation is based on the rules Wombat veToken model:
Wombat offers base APY (offered to anyone supplying liquidity without any additional conditions) and boosted APY (depends on the user’s veWOM position) To create a veWOM position, the user needs to lock WOM for a certain amount of time (from 7 days to 4 years, longer lock-up corresponds to bigger number of veWOM received after locking) Based on the user’s veWOM position vs veWOM position of others, the boosted APY is calculated. In general terms — more WOM locked for a longer time leads to bigger veWOM position and, finally — a bigger APY for the user.