Here Are Today’s ICO Winners: Wagerr (WGR) and SunContract (SNC)

Bitcoin is correcting right now and has taken a pretty substantial hit subsequent to reaching all-time highs during the session yesterday. Some of the smaller tokens, however, are picking up strength against the grain.

Here is a look at two of the biggest upside movers of the last 24 hours in the cryptocurrency space with a discussion of what’s moving each and where we expect the coins in question to go next.

The two coins we are looking at as part of this discussion are Wagerr (WGR) and SunContract (SNC).

So, first up, Wagerr.

Over the last 24 hours, WGR has risen by just shy of 25% and currently trades for a price of $0.08 a coin. This is up from an ICO price (back in July) of $0.65 a piece – a 24% appreciation and very much in line with the one we have seen over the last 24 hours.

When you expand the timeframes out to seven days and 30 days, the numbers come in at 21% and 63% respectively. Taking a look at this one from an overarching perspective, therefore, Wagerr seems to be very much on the up and the latest run is in line with the longer term bullish trend for the cryptocurrency.

So what’s driving this action?

First, for those not familiar with this coin, Wagerr (the company) created a sports betting blockchain and called it Wagerr and, on top of the blockchain in question, created a token called WGR.

The token was primarily created so as to facilitate an initial coin offering (the above-mentioned July issue) but can also be integrated with the platform as a sort of value-added asset and it’s this integration that drove much of the buying volume when the ICO first took place.

So what happened recently?

Well, over the last couple of days, we got confirmation that the company’s sports betting network, both the mainnet and the testnet, will launch on January 15, 2018.

This is the launch that the ICO was set up to facilitate and it looks as though markets are buying up on WGR on the company’s confirmation and, in turn, the suggestion that it is executing against its roadmap and that valuation should increase once the network is live.

There’s a good chance we will continue to see this one appreciate heading into go-live date, meaning there’s probably some further upside between now and the start of next year for anybody looking to take a position in line with the overarching upside trend.

Moving on, SunContract.

This is actually one that we took a look at earlier on this week, with the token making our list of biggest ICO losers on Tuesday. For anybody looking to get a bit of background on the coin, it’s worth reverting to our previous coverage, available here.

By way of a brief introduction, however, this one is set up as a clean energy type payment system and, over the last few months, it’s really started to gain traction in the market and appreciate in value. Earlier this week, however, the coin took a hit.

We concluded that the downside action we were seeing was likely symptomatic of shorter-term profit-taking and that we would almost certainly see a return to the upside momentum once the profit-taking subsided.

And that’s exactly what has happened.

SNC is now up 10% over the last 24 hours and a huge 209% over the last 30 days. We think this one has a strong run at success and, in line with this statement, we think it could make a nice long-term allocation for anybody looking to pick up an exposure to the energy side of this sector.

As the recent action has shown, there’s always the potential for short-term corrections but these can be seen as buying opportunities so long as, fundamentally, the company continues to expand its reach.

We will be updating our subscribers as soon as we know more. For the latest updates on WGR and SNC, sign up below!