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Wadzpay (WTK) price surged 180% to emerge as the top cryptocurrency gainer
The project is intended to expand Wadzpay’s current operational scope from payments and settlements-focused solutions to include the stablecoin market. Over the years, the global stablecoin market has remained one of the fastest growing sectors in the cryptocurrency industry. Despite major risks and regulatory spotlight, industry leaders Circle (USDC) and Tether (USDT) continue to generate billions in operating profits.
To mitigate risks and improve its stablecoin service, WadzPay has moved to expand its global presence in terms of cross-border payment licenses and operational approvals. Recently, Wadzpay acquired VASP and VARA licenses and approval in Dubai, United Arab Emirates, in a move that could kick off the execution phase of the global stablecoin project, as indicated in the roadmap.
WTK Price Prediction: Clearing another zero could trigger bigger gains
WTK price is hovering around the $0.09 mark at the time of writing on May 10th. In terms of short-term price action, WTK has retraced 5% over the past 24 hours after hitting a roadblock at the $0.10 mark. Considering the psychological significance of the $0.10 resistance level, idle swing traders might consider it the perfect time to take some profits.
If this scenario comes to fruition and investors decide to lock in some of their 180% unrealized profits in May, WTK price action could see a rapid decline towards the $0.08 level.