After staying fairly flat for at least eight months, the price of Wink (WIN) went up more than 400% in early April to $0.003 per coin as WIN offered users the chance to place bets and stake their assets across multiple blockchains at a lower fee compared with Ethereum (ETH) and other crowded networks.
However, since that peak the coin has fallen almost 60%, possibly because Ethereum ‘gas prices’ – production costs – have been retreating from their previous peaks, but also due to a prolonged outage of the firm’s website.
As a result, cryptocurrency traders might be wondering if this coin is still investment-worthy and whether it could experience further price spikes.
Our Wink coin price prediction takes a closer look at the coin and what the future may hold for it.
What is Wink cryptocurrency?
Wink, previously known as TRONBet, is a blockchain-based gaming platform built primarily on the TRON network. Its native token, WIN, is used to place bets and make transactions within the platform – one of the most important sources of demand for the coin.
The smart contracts that power each of the games offered by Wink can be viewed by users, which increases the transparency and credibility of its entertainment alternatives.
Moreover, the company promises that staking Wink and other related coins that can be converted via the TRON blockchain can deliver sizable profits to holders, with annual percentage yields (APY) in the double and triple-digit zone.
This is another reason why the coin may have risen recently, as the rates offered by staking the token have floated above the market average.
Among the most popular games offered by Wink are Dice, Moon, Ring and Duel, together with other more casino-like options including slot machines and table games like blackjack and poker.
As for the token’s distribution, the platform was built through a Binance Launchpad sale of 5% of the token’s supply. Additionally, there is a platform development allocation of 7% of the supply, a 15.25% allocation that goes to gaming and strategic partnerships, and an initial community allocation of 12%.
Finally, 15% of the token was sold at the seed sale, 10% went to the developing team and 27% of the supply went to the ecosystem – these are the tokens that people use to play Wink.
Wink holds gaming licences in Curaçao and Costa Rica and the token’s daily volume is roughly $10m (£7.2m, €8.3m), while it has registered an average of 4,000 daily active users.
The development team raised as much as $1m to launch the project and the initial circulating supply was roughly 21%.
The community that tracks Wink includes 7,300 members in the Telegram group and 9,100 followers on Twitter. Meanwhile, the Wink project is headed by CEO Lucia Wong.
Trade WINk to US Dollar - WIN/USD CFD
Wink crypto price prediction 2021, 2025, 2030
The WIN price has been quite bearish lately, with the coin making a series of lower highs and then bouncing off the $0.0007 level to form a near-term uptrend that has already been broken in the past few days.
The fact that this uptrend failed to continue reinforces the bearish outlook as the coin has not yet posted a bigger high since it slipped from its all-time highs.
One of the variables that has possibly aided this bearish set-up is the fact that Wink’s website has suffered outages recently, with hundreds of users stating on social media that they cannot access their accounts or place bets.
As of 5 May 2021 the website is accessible again, but the firm has not yet disclosed the reason for the recent problems.
What is going on with #WINk? Website has been down for two weeks now! DDOS attack! Spend some money and save #WINk. It has the chance to own gaming but it must be working! What is being done? @justinsuntron— trx4life (@tronmoonshot) May 4, 2021
Twitter users worry that Wink may have suffered a cyberattack. The short-term coin’s outlook remains bearish, as users could continue liquidating their holdings while the website was offline. Meanwhile, there is concern that those who have staked some of their coins on the platform could lose them for good, potentially triggering another sell-off.
For now, there are three areas of support to watch based on my Wink coin price prediction:
$0.0007 (the last line of defence).
If the price collapses below these levels, chances are the coin could be heading down to its pre-April quotation of around $0.0004, and you probably don’t want to be holding the bag if that happens.
For now, this coin appears to be a sell – there’s even the option of doing some short-selling, if you have the stomach for it.
Wink coin price prediction: still positive?
WIN is a volatile, speculative token. Its future performance and standing remain unclear.
Interestingly, the market cap of Wink nearly reached $1bn, which goes to show there is significant interest from traders for what could be a trailblazing blockchain-based online gaming project.
However, based on mounting concern from users and the failure to fix the website problems rapidly, a plausible WIN price prediction would include a scenario in which the whole project collapses and the coin falls to zero.
Market sentiment on Wink is split almost evenly. Out of 568 people from the MarketBeat’s community sharing their views on the cryptocurrency’s prospects, 280 rated it as outperforming and 288 gave it an underperforming rating.
Can Wink coin reach $1 in 2021? Although Wink (WIN) cryptocurrency has seen negative reviews from analysts lately and $1 price target seems far away from where it is now, some sources share bullish, if conservative, Wink coin price predictions.
- Walletinvestor views Wink as an “awesome” long-term investment. It estimates WIN could hit $0.0027 within 12 months and climb to $0.0084 in five years.
- According to Cryptoground, WIN could be trading at $0.0022 in one year and soar to $0.0048 in five years.
- DigitalCoin believes Wink could reach $0.0021 by the end of the year, move up to $0.0025 in 2023, $0.0037 in 2025 and eventually $0.0055 in 2028.
Is Wink a good investment?
Cryptocurrencies as a whole are quite volatile and projects such as Wink tend to be even riskier. While some crypto experts from WalletInvestor, Cryptoground and Digitalcoin share conservatively bullish views on the Wink price prediction and say the price could reach $0.002 in 2022, users have noted some technical issues and a lack of response from Wink’s management, which could bode ill for the WIN’s future.
Will Wink (WIN) price go up in the future?
Market sentiment for Wink and the latest WIN price predictions look controversial. Although the project has seen a significant spike in interest from potential Wink users and investors, the cryptocurrency’s price action and fundamental analysis, together with technical issues such as the website outage, make it difficult to build a plausible Wink price forecast.
How many Wink coins are there?
According to data from CoinMarketCap, there is no maximum limit for the number of WIN coins that can be issued. As of now, there are 313.61 billion coins in circulation and roughly 994.86 million coins have been issued.
How to buy Wink crypto?
With Capital.com, you can get exposure to the cryptocurrency market by trading WIN or any other token you prefer through contracts for difference (CFD). These financial instruments track the price of the underlying asset and allow you to take either long or short positions on any of the instruments supported by the platform, based on your price forecasts.
Although my WIN/USD forecast doesn’t seem too promising, there are many other solid cryptocurrencies you can invest in such as Bitcoin (BTC) and Ethereum (ETH) or others in the DeFi space, which are worth looking at.
Invest carefully and don’t part with your cash unless you can afford to lose it. Cryptocurrencies are risky and highly volatile instruments and you should do your homework before putting money into any of them.