Widely-followed crypto trader Ben Armstrong shares with his subscribers 3 reasons Wonderland (TIME) is the next altcoin to the moon.
Wonderland (TIME) overview
Wonderland is the first decentralized reserve currency protocol available on the Avalanche Network based on the TIME token. Each TIME token is backed by a basket of assets such as MIM, TIME-AVAX LP Tokens etc in the Wonderland treasury, giving it an intrinsic value that it cannot fall below.
“The goal of Wonderland is to become reserve currencies on their respective chains.”
Reasons for Wonderland pump
The first reason that makes Armstrong believes in Wonderland’s potential is because of the “game theory” characteristic that helps to maximize the profit potential of everyone involved.
“It’s the prisoner’s dilemma but for finance. Maximum benefit moves are represented by the Mad Hatter hat, whereas moves with partial benefit are the teapots. Price goes down when a user pulls their profits out of Wonderland, So that’s shown as an X. One party selling their assets in Wonderland is offset by another having the opportunity to make some additions to the project at a discount via the LP tokens and minting TIME tokens.”
Secondly, the trader notes that Wonderland is making a name for itself by offering an insane return on staking as well as minting. At the time of the recording, the return for staking TIME on Wonderland is 83,368%.
The third aspect is the TIME token. As the analyst says, TIME token has had a typical trajectory compared to other finance coins.
“High price with a low market cap. The earliest recording price is $560 for a TIME coin, and from there, it’s been a steady climb up to a staggering $8,731. Compare that to Yearn Finance and its YFI token which just hovered around $30K for the whole year. Beefy Finance also has an expensive token that comes in at $1,130.”
And lastly, Armstrong shares that another major catalyst is that Wonderland is getting into gaming:
“They’re taking the value ecosystem of Wonderland and are investing into NFTs and blockchain gaming. That would be the best thing for decentralized metaverse and DeFi. The potential of a metaverse that is run as a DAO fueled by the DeFi of Wonderland to be truly disruptive far beyond blockchain could be the piece of cake that makes financial freedom go parabolic.”
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