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Wax Price Prediction 2023-2032: Is WAXP a Good Investment?

wax price prediction

Wax Price Prediction 2023-2032

If you’re wondering about 2023 profitable investments, you may read through Wax Price Prediction. Here’s an update on the Wax network and its native currency WAXP.

Wax (WAXP) has gained popularity in the blockchain industry in the past few months after launching. It simplifies e-commerce transactions by using WAXP tokens to make navigating the digital commerce market easier. With a jumpstart in Dec 2021, WAXP’s trading volume has boosted $1,368,277,000 by 1250%, leading to a market cap increase of 32.81%.

Wax price predictions are a critical analysis of the past price actions of the WAXP token. Wax, a blockchain released in 2017, was designed to enhance e-commerce transactions by making them safer and faster.

The Wax token (WAXP) was developed to bring more efficiency to blockchain technology; being a layer one blockchain, the platform is renowned for its apparent support for Non-Fungible tokens. The Wax blockchain is arguably one of the most significant layer one blockchains with NFT support, and it has since thrived off the NFT feature.

How much is WAX worth?

Today’s WAX price is $0.043119 with a 24-hour trading volume of $3,966,700. WAX is up 1.30% in the last 24 hours. The current CoinMarketCap ranking is #168, with a live market cap of $100,521,745. It has a circulating supply of 2,331,259,243 WAXP coins and the max. supply is not available.

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Why is WAXP Price Rising?

In mid-November, this token is the best gainer on Crypto.com. The coin has a market cap of $1.5 B. Its total daily exchange is around $1.3 billion. Therefore it is no secret the market is happy about the asset.

On DEC.09,2021, WAX said it welcomed OKEx to their ecosystem after purchasing their native tokens in a significant but undisclosed amount of cash. They said that this investment would give OKEx some rights in governance of their whole ecosystem.

The Wax blockchain has grown immensely and is currently trading at an average market price of $0.3477, which signifies a 24 hours percentage price increase of 1.47%.

The Wax coin is listed on cryptocurrency market exchange platforms with the ticker symbol WAXP. It is currently ranked number #101 by market cap on Coin Market Cap, with a live market capitalization of USD 678,537,249.

The overall market sentiment for the token is quite bullish; however, before we analyze the WAX price action to determine the expected future price of the token, let’s break down the entire Wax ecosystem and determine its impact on the cryptocurrency and blockchain industry. 

What is Wax (WAXP)?

The WAX token, also known as WAXP, is a virtual cryptocurrency entirely compatible with EOS, a mainet launched as a significant competitor to the Ethereum blockchain. The WAX price has steadily increased over time and can easily rank among the top 100 most popular tokens in the crypto world.

The WAXP price forecast is based on the previous analysis of the price of the WAX token from its launch. One significant aspect of any blockchain technology is its consensus mechanism. The platform uses a delegated PoS consensus algorithm for the WAX blockchain, also known as the dPoS (delegated Proof of Stake consensus algorithm.)

The platform’s development encourages the ability to vote on proposals within the blockchain, which is often lacking in most layer one blockchain technologies. Similarly, the entire Wax ecosystem consists of a broad range of blockchain features such as cloud wallets, crypto marketplaces, decentralized exchange platforms, blockchain games, and other forms of blockchain-related property.

One significant boost to the Wax blockchain is its support for Non-fungible tokens, which recently received significant attention from the crypto world. The NFT trading platforms have increasingly witnessed an increase in the number of registered NFTs and the amount being traded.

Being among the governance token on the Wax blockchain, the Wax token has benefited from the surge in trading activities within the ecosystem. As a result, the Wax token has since recorded impressive returns on investment of up to 74% since its launch. Below is a detailed overview of the WAX token’s past and present price analysis.

Wax (WAXP) Overview

WAXP ALL graph coinmarketcap
WAXP graph coinmarketcap

Image Source: CoinMarket Cap

The cryptocurrency industry market cap has been fluctuating between 1.7 trillion US dollars and $2 trillion US dollars. The fluctuation has resulted from several negative crypto news affecting the use of cryptocurrencies in some geographical regions because of failure to meet financial regulation standards.

However, since its launch, the token has generally maintained a positive percentage ROI (Return on Investment). Currently, the WAXP token is trading on several crypto exchange platforms, from Binance to KuCoin and Huobi Global, among others.

Jonathan Yantis and Willian Quigley founded the entire blockchain project in 2017. The two have had credible background experience in financial and managerial positions.

The overall performance of the Wax price has been impressive over time. Today the crypto token trades at an average price of $0.0354.

The token is particularly unique because it allows users to convert their tokens between two blockchain ecosystems. The  Wax blockchain permits WAXP users to convert their tokens to a similar token known as WAXE. On the other hand, WAXE is an ERC-20 crypto utility token.

These unique features have given the parent Wax coin an apparent price rise due to the continuous interaction with the other blockchain networks.

Today, they employ smart contracts that allow the advanced blockchain features to be executed, allowing for more transactions within the network and subsequently increasing the Wax price (WAXP).

The current market cap of WAX tokens stands at $688,525,050.70, which is up 1.16% in the last 24 hours. The token has a crypto market dominance of 0.03%, with a volume-to-market cap ratio of 0.1386. However, the trading volume has slightly declined to $95,396,822.15 within the last 24 hours, representing a -24.84% change.

The Wax token has had an impressive run since its launch. From the data available on Coin Market Cap, the virtual currency recorded an all-time low price of $0.01596 – on December 30th, 2019. Similarly, the highest price ever recorded for the cryptocurrency was $5.01 – five years ago in December 2017. With a total supply of 3,852,726,973 WAXP and a current circulating supply of 1,951,720,115 WAXP, the token is poised to record more price gains in the future.

The historical data indicates that WAX price predictions should be bullish for the long term. However, the predictions are also dependent on other market factors; therefore, before we thoroughly analyze the possible future prices of Wax tokens, let’s dissect some of the applications of WAXP and the WAX ecosystem as a whole.

Wax (WAXP) Applications

Several applications exist for the Wax blockchain in general. The platform was designed to introduce more efficiency in crypto transactions, focusing on the e-commerce sector. Today, however, the WAX ecosystem has managed to incorporate several blockchain features that make it unique and solve significant challenges faced by other blockchain ecosystems of its caliber.

The WAX forecast is massively dependent on the current price of Wax as well as its actual utility to cryptocurrency users. The platform allows users to interact with various NFT games that allow users to play to earn. For instance, Kolobok Adventures and Alien world are some of the games that allow access to their decentralized applications (DApps) and NFT marketplace through the Wax blockchain.

Wax boasts of a robust network of smart contracts that automate several transactions within the ecosystem. It is also renowned for its famous Wax lab, which oversees the voting process within the ecosystem to approve or disapprove projects. The blockchain boasts faster transaction speeds that allow several transactions per second within the blockchain network, unlike the Ethereum blockchain. Additionally, the platform charges affordable gas fees, which are incredibly below the benchmark for other blockchain projects.

WAX Technical Analysis

WAX is currently trading below its 50-day simple moving average, and this indicator has been indicating SELL for the last 57 days, since November 07, 2022.

The most recent Bitcoin Death Cross occurred 325 days ago, on February 12, 2022. Meanwhile, the last Golden Cross happened 496 days ago on August 24, 2021.

According to our technical indicators, WAX’s 200-day SMA will fall in the coming month and reach $ 0.075575 by February 02, 2023. WAX’s short-term 50-Day SMA is expected to reach $ 0.042357 by February 2, 2023.

The momentum oscillator Relative Strength Index (RSI) is a prominent indicator that indicates if a cryptocurrency is oversold (below 30) or overbought (above 30). (above 70). The RSI reading is currently at 27.97, indicating that the WAXP market is oversold. The RSI indicator indicates that the price of WAXP will fall.

Wax Price Prediction 2023-2032: Is WAXP a Good Investment? 1

WAX Price Prediction by Cryptopolitan

Wax Price Prediction 2023-2032: Is WAXP a Good Investment? 2
Wax Price Prediction 2023-2032: Is WAXP a Good Investment? 3
WAX Price Prediction 2023 – 2032

WAX Price Prediction 2023

In 2023, the price of WAX is expected to be a minimum of $0.062. According to our estimates, the WAXP price might reach a maximum of $0.071 with an average projected price of $0.063.

WAX Price Prediction 2024

According to our in-depth technical analysis of past WAXP price data, the price of WAX in 2024 is expected to be about $0.088. WAX has a maximum price of $0.11 and an average trading value of $0.091.

WAX Price Prediction 2025

In 2025, the price of WAX is expected to fall to a minimum price of $0.13. Throughout 2025, the WAX price might hit a maximum price of $0.15 with an average selling price of $0.13.

WAX Price Prediction 2026

WAX (WAXP) Price Prediction 2026 The WAX price is expected to reach a minimum of $0.18 in 2026. According to our results, the WAXP price might reach a maximum of $0.22, with an average expected price of $0.19.

WAX Price Prediction 2027

According to our in-depth technical analysis of past WAXP price data, the price of WAX is expected to reach a minimum price of $0.27 in 2027. With an average trading price of $0.27, the WAXP price can reach a maximum price of $0.32.

WAX Price Prediction 2028

In 2028, the price of one WAX is predicted to be a minimum price of $0.39. Throughout 2028, the WAXP price can reach a maximum price of $0.46 with an average price of $0.40.

WAX Price Prediction 2029

In 2029, the price of WAX is expected to fall to a minimum price of $0.56. Throughout 2029, the WAX price might reach a maximum of $0.69 with an average trading price of $0.58.

WAX Price Prediction 2030

According to projection prices and technical analysis, the price of WAX is expected to reach a minimum price of $0.80 in 2030. With an average trading price of $0.83, the WAXP price can reach a maximum of $0.97.

WAX Price Prediction 2031

According to forecasts and technical analysis, the price of WAX is anticipated to reach a low of $1.20 in 2031. WAXP has a maximum price value of $1.42 and an average price value of $1.23.

WAX Price Prediction 2032

In 2032, the price of WAX is expected to fall to a low of $1.82. Throughout 2032, the WAX price can reach a maximum of $2.06 with an average price of $1.88.

WAX Price Prediction by Coincodex

According to Coincodex current WAX price forecast, the value of WAX will fall by -3.50% and reach $ 0.040542 on January 8, 2023. Technical indicators indicate that the current sentiment is bearish, with the Fear & Greed Index reading 26(Fear). Over the last 30 days, WAX had 13/30 (43%) green days and 11.85% price volatility. According to our WAX forecast, now is not the time to buy WAX.

Comparing WAX to other significant technological advancements and trends is one method of projecting where the WAX price may go in the long run. In the best-case scenario, WAXP’s price projection for 2026 is $ 2.77 assuming it grows at the same rate as Facebook. If WAX grows at the same rate as the Internet, the forecast for 2026 is $ 0.317702. The price of WAX is presently below the 200-day simple moving average (SMA). Since February 07, 2022, the 200-day SMA has been indicating SELL.

WAX Price Prediction by DigitalCoinPrice

According to DigitalCoinPrice’s current WAX price forecast, the value of WAX will rise by 256.66% by the end of 2025, hitting $0.15. All technical indicators point to a bearish current attitude, with the Fear & Greed Index reading 39.68, indicating significant fear. According to our WAX forecast, buying WAX right now is dangerous.

On January 3, 2023, practically all technical analysis indicators indicated a bullish signal, while others indicated a negative signal, reflecting a widespread Bearish mood among WAX price projections.

WAX Price Prediction by Wallet Investor

According to WalletInvestor’s current WAX price prediction, the value of WAX will rise by 256.66% by the end of 2025, reaching $0.15. All technical indicators point to a bearish current attitude, with the Fear & Greed Index reading 39.68, indicating significant fear.

On January 3, 2023, practically all technical analysis indicators indicated a bullish signal, whereas others indicated a negative signal, reflecting a widespread Bearish mood among WAX price projections.

WAX Price Forecasts by Industry Influencers

The long-term trend for wax tokens is likely to be good, and industry experts and crypto influencers usually agree. According to a market analyst who goes by the username Crypto Vault with 18.2k YouTube followers: HERE’S WHY WAXP WILL X5000 AFTER THIS DATE – WAXP PRICE PREDICTION 2023 & ANALYSES.

According to Youtube-based market analysts, Crypto Vault believes WAX is set to surge in 2023, according to their latest prediction. Crypto forecasts are available on many different platforms. Despite the fact that certain cryptocurrency analysts have proven themselves to be reliable authorities. It’s challenging for novice investors to follow changes in the bitcoin market, and it’s practically impossible to forecast the future accurately.

Conclusion

According to the developers, WAX offers a number of essential features that set it apart from other products. The WAXP token will be a successful investment for a number of factors, including the sizable WAXP community, solid foundations, and synergies with other enterprises.

The WAX platform is making headlines with better mass adoption than GMT and other top-ranking gaming cryptocurrencies. The coin is one of the most undervalued in the gaming space and has the potential to surge in the next bull run. WAX also claims that by using a Delegated Proof-of-Stake (DPoS) consensus mechanism, its platform is 125,000 times more energy-efficient than Ethereum 1.0 and Bitcoin.

To further establish itself as an energy-conscious enterprise, the crypto has announced plans to release “carbon offset vIRL NFTs.” Collectors can have trees planted for every dollar spent, it says.

The Wax Studios community has recently announced they are thrilled to receive $10 million funds from OKX Blockdream Ventures funds to join them on their journey to take over the #GameFi & #NFTs space! #PlayToEarn. WAX sees 500,000 unique daily visitors and 23 million daily transactions.

Within the next five years, the price of one WAX will range between $0.39 and $0.42, with a minimum of $0.39 and a maximum of $0.42. The value of WAX experiences significant swings as a direct result of the market forces of supply and demand. The success of the cryptocurrency industry as a whole will have a significant impact on WAX’s plans for the future. When it comes to investing in WAXP, you need to be certain that you are employing the appropriate technique at all times.

Those who have a risk profile that is not symmetrical should not put their money into this form of investment. However, for individuals with a high-risk tolerance and a stable financial situation, it continues to be a fantastic investment opportunity. In addition to the fact that it is based on speculation, WAXP provides access to worldwide technology as well as an ecosystem that is continuously expanding.

Technical analysis and forecast data indicate a bearish sentiment for the near term, but long-term investors should expect a bullish sentiment and a profitable investment option. Since the cryptocurrency market is highly volatile, it is impossible to provide a precise WAX prognosis. Before making investment decisions, you ought to conduct your own research.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

FAQs

What will Wax (WAXP) price be in 2031?

WAX price prediction for 2031 is $3.50. The WAXP price is extrapolated to continue rising past the decade; however, it is prudent to note that the crypto market is highly volatile and can affect both WAX holders and new investors. The prediction is not investment advice. The coin will likely sell between $3.41 and $3.97.

Will WAXP reach $5?

The all-time high price of Wax token is about $5. However, the cryptocurrency experienced a massive price fall that recorded significant losses. However, the token has since gained momentum as more crypto enthusiasts adopt the Wax blockchain ecosystem with the rise of Non-Fungible tokens.

Is WAXP a good investment?

According to the future values of the Wax token, the short-term and long-term price prognosis indicates the cryptocurrency is a good investment. The Wax projects are arguably solid blockchain projects with real-life use cases. Such projects often stand the test of time, unlike the standard meme tokens that often face out with time.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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