Unlocking Witnet’s Potential: A Glimpse into the Future

Rob
3 min readJan 5, 2024

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Unlocking Witnet’s Potential — Keep Your Eyes on the Prize

Renowned figures in the blockchain industry, such as Michael Arrington, founder of TechCrunch, and Luis Cuende, co-founder of Aragon, hail Witnet as the next-generation crypto Oracle and the truly decentralized oracle that blockchains and Web3 deserve.

The Genesis: Witnet’s Whitepaper Revolution

Witness the pivotal moment in 2017 when the Witnet Whitepaper was released, revolutionizing computing, blockchain development, and liberation technology. Explore the transformative journey through the Witnet Whitepaper: https://witnet.io/witnet-whitepaper.pdf

Fast forward to today, and Witnet is laying the foundation for a genuinely decentralized and permissionless blockchain oracle, with fundamental and technical analyses supporting its potential to rival top blockchain oracles.

Hold on to your hats, crypto enthusiasts! In a Jan. 1, 2024 post on X (formerly Twitter), renowned WIT Technical Analyst Gonzo indicated that all signs indicate a potential bull flag formation for the $WIT token.

Unveiling Potential Explosive Growth

In 2023, Witnet introduced the Witnet Oracle Comparison Series, a richly packed series comparing Witnet with other top Oracles. Explore this unbiased comparison on the Witnet blog: https://medium.com/witnet

Now let’s delve into the price comparisons, showcasing Witnet’s potential explosive growth against market leaders such as LINK, PYTH, TRB, BAND, and API3.

WIT WITH THE MARKET CAP OF LINK

$WIT, with the market cap of $LINK, would put $WIT to $6.21

That’s an increase of 39,657.23% 📈

How does Witnet $WIT compare to Chainlink $LINK?https://medium.com/witnet/taking-a-look-at-two-oracle-projects-witnet-2-0-versus-chainlink-47f9dd904de3

WIT WITH THE MARKET CAP OF PYTH

$WIT with the market cap of $PYTH would put $WIT to $0.32429859

That’s an increase of 1,993.20% 📈

How does Witnet $WIT compare to Pyth Network $PYTH?
https://medium.com/witnet/taking-a-look-at-two-oracle-projects-witnet-2-0-versus-pyth-767d54888c8b

WIT WITH THE MARKET CAP OF TRB

$WIT, with the market cap of $TRB, would put $WIT to $0.2333351

That’s an increase of 1,408.29% 📈

How does Witnet $WIT compare to Tellor Tributes $TRB?
https://medium.com/witnet/the-quest-for-true-decentralized-oracle-witnet-vs-tellor-94fca66d0e69

WIT WITH THE MARKET CAP OF BAND

$WIT with the market cap of $BAND would put 1 $WIT to $0.21515285

That’s an increase of 1,290.76% 📈

How does Witnet $WIT compare to Band Protocol $BAND?
https://medium.com/witnet/taking-a-look-at-two-good-oracle-projects-witnet-2-0-versus-band-protocol-5d60091cade7

WIT WITH THE MARKET CAP OF API3

$WIT with the market cap of $API3 would put 1 $WIT to $0.13258799

That’s an increase of 757.06% 📈

How does Witnet $WIT compare to API3 $API3?
https://medium.com/witnet/comparing-two-oracle-projects-witnet-2-0-versus-api3-676f4fd58aac

The revelations from this price comparison paint a vivid picture of Witnet’s potential explosive growth, providing investors and enthusiasts alike with valuable insights into the promising trajectory of the $WIT token.

Peering into the Future of Witnet

The current buzz in the Witnet community revolves around Witnet 2.0, a trend that promises to make the network more robust, enhance security, and introduce staking. This significant upgrade marks a remarkable milestone for Witnet, with updates eagerly anticipated.

As we navigate through these developments, are you keeping your eyes on the prize? The year 2024 holds promise for Witnet, and anticipation is high for the exciting ventures planned.

Connect with Witnet

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Rob

Team Leader + Co-Founder at BandBindex | Transforming Data into Insights for Crypto and Beyond.