What do you think about CWT?

[Oshosondy]

There is an exchange called CoinW. I have just known about the exchange few days ago. It has a token which has been launched since 2020. The token is called CWT. I noticed this token has fallen significantly but I think this exchange may later become more known to people.

I first saw the exchange on Coingecko on top 10 lists of derivative exchanges, but not there among those spot market because it is below if compared to those well known exchanges.

I do not really like how the exchange is for now but it is not bad at all than what we can say is very good but not excellent to me. What do you think of the exchange and its token?

Is CWT another shit token or it still has bull run hope in 2027/2029?

[asriloni]

https://defillama.com/cexs

CoinW is a manipulated exchange site. It has 2.4b volume, but it only has less than 1m tvl. The performance of exchange site has been so shite ever since it was introduced. Low TVL, fewer users, so many scam accusations against it. It's also being reflected from how CWT was traded around a half of a dollar at 2021, and it's only 0.125 USD now.

It's not a good exchange coin to hold caused by the exchange site has never been getting any better.  Unless, you're being a degenerate that is willing to gamble on a random pump occurred at coinw exchange due to the manipulation.

[passwordnow]

Is CWT another shit token or it still has bull run hope in 2027/2029?

I will avoid it, coinmarketcap says this;

CoinMarketCap has not verified the project's market cap. However, according to the project, its self-reported circulating supply is 0 CWT with a self-reported market cap of $0.

So with the hopes of the bull run for this token, we'll never know because many things can still change for that period. But as of now if this is what we're talking about, I won't put any penny on it. Just saying because too many hypes are still there and people gets the attention and FOMO from coins like this.