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WRX Price Prediction 2024-2033: Will WazirX Recover Soon?

WRX Price Prediction 2024-2033

How much is WRX worth?

The current price of WazirX (WRX) is $0.29, accompanied by a 24-hour trading volume of $1.1 million. The market capitalization stands at $50.9 million, and WazirX holds a market dominance of 0.00%. Over the past 24 hours, the WRX price has witnessed a 0.5% decrease. Currently, there are 381.86 million WRX tokens in circulation out of a maximum supply of 962.65 million WRX tokens. WazirX holds the 20th position in the Exchange Tokens sector and the 11th position in the Binance Smart Chain sector based on market capitalization.

WazirX price analysis: WRX price faces bearish pressure as it continues to struggle near $0.3

TL; DR Breakdown

  • WRX price analysis shows a bearish trend as sellers defend the $0.3 level
  • Resistance for WRX is present at $0.3261
  • Support for WRX/USDT is present at $0.2818

The WazirX price analysis confirms that WRX price triggered a bearish pressure after gaining selling confidence near $0.3. Currently, there’s a robust battle among traders to validate a clear trend.

WazirX price analysis 1-day chart: WRX/USDT attempts to meet buyers’ demand

Analyzing the daily price chart of WazirX, WRX’s price witnessed a bearish sentiment as the altcoin failed to gain buying demand near the high of $0.3. As a result, the price dropped below immediate Fib channels and is currently consolidating below $0.3. The 24-hour volume has surged to $1.2 million, showing an increase in interest in trading activity today. WRX’s price is currently trading at $0.29, decreasing over 0.5% in the last 24 hours.

The RSI-14 trend line has surged from its previous level and currently trades around the midline at level of 49, hinting at a bullish dominance. The SMA-14 level suggests volatility in the next few hours.

WRX/USDT 4-hour price chart: WRX price attempts a consolidation below moving averages

The 4-hour WRX price chart suggests that bears are attempting to hold the altcoin below crucial support line to solidify their short positions. Currently, bears are attempting to hold the WRX price below EMA20 trend line.

The BoP indicator is trading in a bullish region at 0.25, bringing promises of an upward correction.

However, the MACD trend line has formed bearish candles below the signal line and the trend line aims for a negative reversal, developing selling sentiment among traders.

What to expect from WRX price analysis next?

WRX bulls are currently defending a trade below $0.2; however, bears are set to bring pressure if WRX price fails to attain buying momentum. If WRX’s price successfully holds its momentum above $0.3261, it may surge higher and touch the resistance at $0.3773.

If bulls fail to initiate a surge, WRX price may drop below the immediate support line at $0.2818, resulting in a steep decline to $0.2355. 

Is WRX A Good Investment?

WRX is a good investment option in the long run as WazirX aims to become a top crypto exchange in India. It is more likely to go up than down because of the excellent use case, well-designed tokenomics, active community, and a strong team behind it.

Recent WazirX News

Pi42 Launch: Nischal Shetty, founder of WazirX, and former Zebpay CEO Avinash Shekhar have unveiled Pi42, a new India-based, rupee-denominated crypto futures exchange.

WRX Price Predictions 2024-2033

WRX Price Predictions By Cryptopolitan 

YearMinimum ($)Average ($)Maximum ($)
20240.220.270.48
20250.370.380.58
20260.510.530.64
20270.710.730.89
20281.031.071.22
20291.451.511.75
20302.142.212.56
20313.173.283.81
20324.544.675.51
20336.296.527.76

WazirX Price Prediction 2024

Based on in-depth technical analysis of past WRX price movements, the 2024 prediction for WazirX suggests a minimum price of $0.2219. The maximum price is expected to be $0.48, with an average value of $0.2718.

WazirX Price Prediction 2025

For 2025, the forecast indicates that WazirX will have a minimum price of $0.3663. The maximum WRX price could be $0.5831, with the year’s average price hovering around $0.3799.

WRX Price Forecast for 2026

The 2026 forecast for WazirX shows a potential minimum price of $0.5120. The maximum price could be $0.6380, with an average price of $0.5310 throughout the year.

WazirX (WRX) Price Prediction 2027

The 2027 forecast, based on technical analysis, predicts a minimum price value of $0.7083 for WazirX. The maximum price value is projected to be $0.8949, with an average of $0.7349.

WazirX Price Prediction 2028

Predictions for 2028 suggest WazirX could have a minimum price of $1.03. The maximum price is estimated to be $1.22, with an average price of $1.07.

WazirX Price Prediction 2029

For 2029, WazirX is expected to have a minimum price of $1.45. The maximum price could reach $1.75, with an average forecast price around $1.51.

WazirX (WRX) Price Prediction 2030

The 2030 forecast for WazirX suggests a minimum price of $2.14. The maximum price could be $2.56, with an average price of $2.21 throughout the year.

WazirX Price Forecast 2031

In 2031, WazirX is expected to reach a minimum price of $3.17. The maximum price might reach $3.81, with an average value of $3.28.

WazirX (WRX) Price Prediction 2032

The 2032 forecast indicates a potential minimum price of $4.54 for WazirX. The maximum price could reach $5.51, with an average price of $4.67.

WazirX Price Prediction 2033

For 2033, WazirX is predicted to reach a minimum price of $6.29. The maximum price could be $7.76, with an average trading price of $6.52 throughout the year.

WazirX Price Forecast By Coincodex

According to the current WazirX price prediction by Coincodex, the value of WazirX is expected to increase by 12.86%, reaching $0.342417 by March 10, 2024. Technical indicators analyzed by Coincodex suggest a bullish sentiment, while the Fear & Greed Index indicates a level of 90, signifying ‘Extreme Greed’.

Over the past 30 days, WazirX has seen 19 out of 30 green days, reflecting a 63% positive rate, with a price volatility of 12.89%. According to Coincodex’s forecast, this period appears to be an opportune moment for purchasing WazirX. Drawing on historical price data of WazirX and BTC halving cycles, the lowest predicted price for WazirX in 2025 is projected to be $0.303389. Moreover, WazirX’s price is anticipated to escalate to a maximum of $0.463552 in the following year.

WRX Price Target By Digital Coin Price

Market analysts and experts, as cited by Digital Coin Price, forecast that WRX will open the year 2026 at $0.93 and may trade around $1.14, marking a significant increase from the previous year. Such a rise in WazirX’s value is viewed as a noteworthy improvement.

Looking ahead to 2033, expectations are set for WazirX to aim for a minimum price level of $5.89. Attempts might also be made to achieve a higher threshold, targeting around $6.09, with the average price anticipated to be about $6.00. This could potentially surpass previous highs, indicating a progressive move to an advanced level. While there is optimism for reaching new heights, there is also caution, acknowledging the possibility of a downturn.

WazirX Price Prediction By CryptoPredictions.com

According to Cryptopredictions.com, it is predicted that WazirX will begin April 2024 with a price of $0.312 and end the month at $0.34. Throughout April, the highest forecasted price for WRX is $0.454, while the lowest anticipated price is $0.3.

More on WazirX

What is WRX?

WRX is the utility token of the WazirX Exchange that was launched in India in 2018. WRX tokens established the roots of the entire WazirX ecosystem and operated as a good investment for all new users.

Like all cryptocurrencies, WRX are digital assets much like Ethereum or Bitcoin. Binance has given WazirX the platform to operate via their channel. The Binance Chain and Ethereum offer WazirX users a 50% discount over the trading fees of the WXR tokens. Crypto investors see this as an excellent opportunity to make the best of this offer; however, the discount per annum drops each year; users generally establish themselves to the extent that it doesn’t make much difference.

The WRX tokens come with multiple uses and benefits; besides using them for trading, users can pay for their listing fees with their WRX tokens. The payments for fee margins can also easily be made through the WRX token, making much of the process hassle-free. Many of its key features are easily fulfilled with the use of the tokens alone.

According to liquidity and trading volume, WazirX is ranked number one in India, having many users within the age range of 22 to 32 years. In a quest to increase investment in a start-up for crypto, the India exchange partnered with Binance in March 2020 to launch a “Blockchain for India” fund valued at $50 million. The WRX value hype can be traced to the update that WazirX is set to launch an NFT platform that would be the first to have content creators, Indian artists, and collectors as its primary target. On this new platform, customers don’t have to worry about being charged for creating and listing non-fungible tokens. 

The hassle-free and straightforward route to acquire tokens is through WRX trade mining, airdrops, and partner-to-partner trading. New users must follow investment advice from a trusted source and conduct a personal technical analysis to choose a route best suited to their needs.

Who are the WRX founders?

In 2018, WazirX founders, Nischal Shetty, Sameer Mhatre, and Siddharth Menon, capitalized on the rising tide of retail traders investing in cryptocurrencies to build WazirX. In the first half of 2021 alone, WazirX has grown more than 12 times to become India’s largest digital currency exchange and soon the country’s first billion-dollar crypto unicorn.  

When the Reserve Bank of India introduced a ban on crypto-related payments. WazirX changed its business model to act as a third-party custodian between buyers and sellers. In November 2019, WazirX was acquired by Binance, the world’s largest cryptocurrency exchange, as it debuted in the Indian market. Due to the continuing crypto debate among Indian authorities, Shetty had to team up with other exchanges to jointly engage the country’s top financial decision-makers.

Undeterred by restrictions, in June 2021, WazirX became South Asia’s first marketplace for non-fungible tokens (NFTs) in a bid to help creators across India trade digital assets such as artwork and music. Let’s take a look at what the future holds for this durable WRX coin.

WazirX Ecosystem Development

Nischal Shetty, an Indian national, created the country’s first crypto, WazirX. This think tank, founder and CEO of WazirX, had been in the business for nearly a decade before he took this step. He began his Bitcoin mining career back in 2009 and ventured into Bitcoin wallets back in 2012.

In around 2017, Nischal decided to develop more into the Blockchain ecosystem, creating the first crypto exchange in India. Following the uncertain and opaque standards and operating of other foreign existing cryptos in India, he decided to take matters into his own hands. With a brand new and locally run crypto, the Indian populace was sure to build trust into investing in cryptos.

After successfully running Crowdfire, WazirX is another feather in the hat for Nischal, who has grown his enterprise into 19 million users locally and worldwide. He aims to provide an optimum cryptocurrency platform that is globally recognized and surpasses all expectations. This global product created in India has undoubtedly made its significant place in the worldwide market.

Once the WazirX exchange was established, Nischal took it to the next level by creating the WRX token. WRX tokens have thus far had a successful run in an otherwise competitive crypto market. According to WRX predictions, it is pretty probable that WRX trades will stand out in the market.

Legal Actions

WazirX, the cryptocurrency exchange, has revealed that it took action against over 2,431 accounts by blacklisting them after identifying suspicious transactions deemed illegal. The exchange implemented this measure between October of the previous year and March of 2023.

WazirX’s recently published report states that they received a total of 431 requests from law enforcement agencies (LEAs) during this timeframe. These requests pertained to transactions valued at approximately $390 million conducted on the platform. Out of the 431 requests, 46 originated from foreign LEAs, while the remaining 385 requests were from Indian LEAs.

Where to buy WRX

Binance is one of the best places to buy the WRX token. Binance also lists a huge selection of other cryptocurrencies, so you can easily convert your WRX to another coin later. In order to buy WazirX WRX, on Binance, you first need to open an account.

1. Register on Binance

If you don’t own any cryptocurrency, you can get started by purchasing some BTC on Binance with a credit or debit card

2. Deposit cryptocurrencies

In order to make your deposit, go to the navigation bar at the top of the website and click Funds > Deposits. The website will provide you with a deposit address for the cryptocurrency you selected. The address will be a string of numbers and letters(both lowercase and uppercase). Copy the address in its entirety and go to your wallet of choice. Send the amount you wish to deposit to the address you copied. It is quite common for the transaction to take up to half an hour to complete, so don’t expect the funds to be available on your Binance account instantly.

3. Check your balance

In order to check your balance, go to Funds > Balances in the navigation bar at the top of the website. If you would only like to see the coins which have a balance of over 0.001 BTC, click on Hide small assets.

4. Place a buy order for WazirX.

To place an order, go to Exchange > Basic

After clicking on the trading pair, a price chart will appear in the center. You can place your buy order under the chart. If you want to buy WRX when it reaches a specific price, use the Limit order. Enter the desired price (in BTC) and the amount of WRX you want to buy, then click the Buy WRX button.

If you want to buy WRX at its current price, click on the Market tab and enter the amount of WRX you wish to buy. The order should be executed almost instantly and the WRX will be added to your balance soon.

Conclusion

WazirX’s current estimate for 2024 is Neutral, based on various technical quantitative indicators. This could indicate that WazirX is a good investment in 2024.

However, before deciding whether to acquire WazirX or not, it is critical to evaluate both technical criteria (price history) and fundamental factors (on-chain activity and development). WazirX’s future is greatly dependent on the overall performance of the cryptocurrency sector.

FAQs

Is WazirX (WRX) a good investment?

Yes, WazirX is a good investment. All four websites are bullish on WRX and believe it is a good investment. The price predictions range from $6 to $8 by 2032. So, if you are thinking about investing in WRX, these predictions suggest that now is a good time.

Will the price of WRX go up?

Yes, the price of WazirX is expected to go up in the future. All four authority sites are bullish on WRX and believe it is a good investment. The price predictions range from a minimum price of $6.27 and a maximum price of $7.86 by the end of 2032. So, if you are thinking about investing in WRX, these predictions suggest that now is a good time.

What is the all-time-high (ATH) WRX price?

The all-time high price of WazirX is $0.74. This was reached on January 7, 2018.

Where can I safely store WRX tokens?

WRX tokens can be safely held in Coinbase and Trust wallets.

Where can I get a WRX wallet?

WazirX produces its own wallet software that is available for download on its website, which allows you to store WazirX on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

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 decisions.

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