WAX Fundamental Analysis
WAX is a coin belonging to an eponymous decentralized platform powered by the founders of OPSkins. It performs the function of a utility token on a virtual market for game items. Being one of the largest marketplaces for online video game assets, the platform has built a community of over 400 million people around buying and selling collectible items and other types of digital assets. Using the blockchain technology, WAX coin can be used for tokenizing and exchanging the named items while using smart contracts behind every transaction.
Curr. Supply/Total Supply
WAX Live Price Chart
WAX Technical Analysis
Despite the fact that 100% accurate technical analysis for WAX cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated WAXP buy-and-sell rating for selected timeframe. The summary for WAXP/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
WAX Price Prediction
Below we have collected the most reliable price projections for WAX (WAXP) from popular forecast platforms.
#1. WalletInvestor WAXP Price Prediction for 2021 and 2025
According to WalletInvestor, WAX price will grow from $0.164686718 to $0.497 in one year. That makes WAXP a awesome investment. The long-term earning potential is 201.79%. Predicted price for the end of 2026 is $1.795.
#2. TradingBeasts WAXP Price Prediction for 2021-2022
Answering the question about if WAX is a good investment, TradingBeasts say resounding yes. In the 2021 perspective, this coin price is predicted to reach $0.2651649 with a growth to $0.3037221 by the end of 2022.
#3. DigitalCoin WAXP Price Forecast for 2021-2025
In DigitalCoin analysis, the price of WAX cryptocurrency will rise in the next 5 years starting from $0.168 as of today’s price to $0.546. It will go up to $0.28 by 2022 and continue its growth in 2023-2024. Based on the forecast, WAX is profitable long-term investment.
As it can be clear from the analysis cited above, WAX (WAXP) projections are rather contradictory. There is no universal consensus either about positive or negative future WAXP price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the WAX projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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