Key Takeaways
Walrus is a decentralized data storage protocol built on the SUI blockchain. It debuted on March 27, and several centralized exchanges immediately listed it.
The WAL price fell slightly after launch but has regained its footing since and is nearing its all-time high. Let’s examine the price movement and what lies ahead.
Walrus Price Prediction
Let’s look at the WAL price predictions made by CCN on March 31, 2025. Since the WAL price movement goes back less than a week, we will only make short-term predictions instead of long-term ones.
WAL Price Analysis
The WAL price declined shortly after launch but started another upward movement on March 29.
WAL broke out from an ascending parallel channel in April. Then, it validated it as support (green icon) before moving above the $0.50 horizontal resistance area.
Looking for a safe place to buy and sell Walrus (WAL)? See the leading platforms for buying and selling Walrus (WAL).
The WAL price must clear the $0.60 resistance area to move to a new all-time high.
If it does, the next resistance will be at $0.73, created by the 1.61 external Fibonacci level.
Technical indicators do not show any weakness yet. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are overbought but have not generated any bearish divergence.
The most likely WAL prediction is a movement toward $0.60 and a breakout to $0.73.
Short-Term WAL Price Prediction
The WAL price prediction for the next 24 hours is bullish. WAL will likely continue increasing toward the next closest resistance at $0.60.
Walrus Average True Range (ATR): WAL Volatility
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. On March 31, 2025, WAL’s weekly ATR was 0.781, a sign of above-average volatility.
Walrus Relative Strength Index (RSI): Is WAL Overbought or Oversold?
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold.
Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On March 31, 2025, WAL’s RSI was 43, indicating a slightly bearish trend. However, the RSI is increasing and has moved outside its oversold territory.
Walrus Price Performance Comparisons
WAL is a decentralized storage protocol, so let’s compare it with other assets in the same category with similar market capitalizations.
| Current Price | One Year Ago | Price Change | |
|---|---|---|---|
| Walrus | $0.55 | N/A | N/A |
| Arweave | $6.60 | $36.12 | -82.2% |
| Storj | $0.27 | $0.74 | -64.4% |
| Filecoin | $2.92 | $9.40 | -69.9% |
WAL Price History
Let’s examine some key dates in the Walrus price history. While past performance is not an indicator of future results, knowing what WAL has done in the past can help provide context when making or interpreting a Walrus price prediction.
| Current Price (April 1, 2025) | $0.55 |
| Launch Price (March 27, 2025) | $0.35 |
| All-Time High (March 28, 2025) | $0.61 |
| All-Time Low (March 27, 2025) | $0.36 |
WAL Market Cap
The market capitalization, or market cap, is the sum of the total number of WAL in circulation multiplied by their price.
As of April 1, the Walrus market cap is $683.142 million, making it the #114th largest cryptocurrency by that metric.
WAL Supply and Distribution
| Supply and Distribution | Figures |
|---|---|
| Total Supply | 5,000,000,000 |
| Circulating Supply as of April 1, 2025 | 1,250,000,000 (25% of total supply) |
From the Walrus Whitepaper
Based on its whitepaper, Walrus is a decentralized blob storage protocol focusing on resilience and scalability.
It uses Red Stuff, a novel two-dimensional encoding algorithm based on fountain codes, allowing efficient data recovery with minimal bandwidth usage.
Built on the Sui blockchain, Walrus handles storage node management, blob lifecycle, and economic incentives without requiring a custom blockchain.
The protocol operates in epochs, with storage managed by a committee of nodes, enabling efficient data distribution and retrieval.
How Walrus Works
Walrus stores data in primary and secondary slivers, distributing them across nodes with Merkle commitments for verification. Storage proofs ensure nodes store data.
Walrus also includes staking-based incentives, where nodes earn rewards or face penalties based on their commitment to storage. Its governance model allows token holders to adjust parameters and storage pricing.
Is Walrus a Good Investment?
While Walrus offers a highly efficient storage solution with strong incentives, its success depends on adoption and competition with existing decentralized storage platforms.
Although its use of Sui may be beneficial, Walrus still faces risks, such as adoption challenges or the sustainability of its economic model.
Will Walrus Go Up or Down?
While the Walrus price analysis is mainly positive, it is important to note that there is insufficient data to make a confident price prediction for the future trend.
Should I Invest in Walrus?
Before investing in Walrus or other data storage tokens such as Arweave, Storj, or Filecoin, it is essential to research the projects and never invest more money than you can lose.
FAQs
Will WAL Reach a New All-Time High?
Even though it is difficult to make price predictions when there is a lack of data, our WAL price analysis suggests a new all-time high can be reached soon.
What is Walrus Used For?
Walrus stores data in a decentralized manner, focusing on efficiency and scalability.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Was this Article helpful?
