Are you curious to know Dwac Price Prediction, which is trending in the finance industry? Then read the below guide.
Digital World Acquisition Corp’s stock ended at $45.50 on October 21, trading up by 356.83%. The sudden growth has been imputing hot news that the Digital World Acquisition, a blank check company, has stepped into a merger agreement with TMTG, Trump Media & Technology Group.
People in the United States, Canada, and the United Kingdom are curious to know Dwac Price Prediction. It is becoming a trending topic globally; if you are eager to learn, stay tuned with us.
What is DWAC?
Digital World Acquisition Company is a blank cheque firm merged to TMTG and prepped to take ex-president Trump’s media class public.
Tokenomics of DWAC
- Token: $DWAC
- Token Type: BEP-20
- DWAC Price: $0.0000756302
- Network: Binance Smart Chain (BSC)
- Contract Address: 0x11829efc3a07ef634b054b79ffa0d1a628856feb
- Market Cap: $ 75,630,206
- Launch date: October 26, 2021
- Date added: October 22, 2021
- Holders: 13
- Total Supply: 1,000,000,000,000
- Burned: 0 (0%)
- Decimals: 9
- LP Holdings: 1.07387 BNB ($0)
Before getting into the Dwac Price Prediction segment, now let us know why it is trending worldwide.
Why Has It Been In The News Recently?
- On October 20, 2021, TMTG and DWAC have set foot into a decisive merger agreement.
- Mr. Trump is drafting to release “Truth Social,” a more similar platform to Twitter.
- Intraday and short-term traders have put up photos of their massive profits and provoked other investors to follow the same.
- As per the source majority of traders purchase stock to support Trump’s political movement.
Dwac Price Prediction
As per our research, the forecasted price of DWAC for the next 24 hours is $ 51.6 and $ 112.7. As per the recent source DWAC crashes by approximately 11%.
As per the TMTG statement, initially, it will be priced at $875 million, and $825 million will earn out in extra shares. Depending on the stock performance, it will make the growing valuation up to $1.7 billion.
Shortly SPAC needs to submit merger details and regulatory filing to the Securities and Exchange Commission. All the details of ownership structure and financials will be revealed, which decides the company’s future. We hope Dwac Price Prediction mentioned is helpful to you.
Do You Consider Investing In DWAC?
The current stock value of TMTG is in billions of dollars which is much more than the announced valuation of $875. Few analysts recommend that huge speculations be carried out in DWAC, and it may shatter in the coming months or years.
Another similar example is that before the official merge of Churchill Capital IV(CCIV) and Lucid Motors, its value reached $50. The rumor of Lucid group Inc. and the CCIV merger hit the finance world price rose to $60. Once the deal was officially signed publically, shares reached $25.
So don’t catch the running train; instead, analyze things carefully. Hoping you are clear with the question, what next? Read more on Dwac Price Prediction here and get more details on it.
DWAC stock escalated after trending news of its definitive merger with TMTG. Suppose the merger is agreed upon, TMTG Company will trade under DWAC name and restore it in Stock Market.
As explained above with the Lucid and CCIV merger example, DWAC share value is expected to drop in the coming future if the hype doesn’t meet the public expectation.
What do you think will DWAC rise further, or it’s just a balloon that will burst soon? Please leave your comments in the box below. That’s it about the Dwac Price Prediction guide. Moreover, you may read here about the crypto scams and how to stay protected from them.