Last year saw WazirX Exchange record the highest number of users alongside Binance, this is according to Appani. Siddhart, one of the co-founders went on to share the great news on his Twitter feed, notifying his followers that the WazirX was now among the top 10 dApps by user engagement. Given the great performance over the last year, what can we expect in 2022?
The latest innovation is the P2P engine where you can convert your money to crypto instantly where WazirX acts as an escrow for safekeeping of the transaction. WazirX is touted to have zero fees, and 100% safe with its world’s first auto-matching P2P engine
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.
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.
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 had 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.
Wazirx token symbol is WRX. WRX is trading today at $0.7177 up 7.5% with an ROI of 516.35%.
WRX is ranked no. 190 with a market capitulation of $274,075,823. It has a total supply of 962,646,669 WRX with 381,856,864.34 in circulation.
WRX Technical Analysis
The trading volume of Wazirx has increased by 98.7% to $32,425,376 in the last 24 hours. The high volume has partly affected the price of WRX which has risen by 7.5% to $0.7177.
MACD shows a growing histogram above the zero mark, with the signal line breaking below the MACD line. The upward trend will likely result in a new 24 hour high.
William alligator on a four-hour chart shows the signal line rising from a momentary consolidation. The difference in the three moving averages is increasing meaning the upward trend is likely to continue.
While the bullish trend might mean a good return, prices could change at any moment as has been widely observed in the crypto market.
WazirX Price Predictions 2022 – 2030
WRX coin is ‘C’ rated by Walletinvestor and an awesome one-year hodl. There is no clear price trend for the coming 14 days, prices will, however, range between $0.675 and $0.652. WRX will grow by 113% in March 2024. The green trend will continue into 2025 at 185% and 238% in 2026. The Walletinvester AI projects ROI to reach 266% in 2027.
According to Digitalcoinprice, Wazirx price will grow continuously from 2022 to 2025. Wazirx price will reach $1 next year and average at $1.03 in 2024. The price will drop to $1.25 in 2026 from $1.31 in 2025. After the correction Wazirx price will pick up again in 2028 trading at an average price of $2.16 and 2.76 in 2029. The momentum will continue and WRX will average $3 in 2030 reaching a maximum price of $3.17 and a minimum price of $2.97.
If WazirX holds the 200MA support level, Coinquora is optimistic the WRX price will reach $4 in 2023. The value will jump by over 100% and trade at $9 in 2024. The coin’s value will continue rising and average $12 in 2025 and $15 in 2026.
WazirX Price Prediction 2022
Wazirx price today is trading about the minimum price forecast for the year. In a non-volatile environment, Wazirx will trade at an average price of $0.75 while reaching a maximum price of $0.89 and a minimum price of $0.73.
WazirX Price Prediction 2023
In 2023, the value of WRX will reach the $1 mark averaging at $1.10 for the year. WRX will trade between $1.25 and $1.07.
WazirX Price Prediction 2024
The rising trend is expected to proceed into 2024 with a 50% rise in value. WRX will sell at $1.6 while reaching a low price of $1.55 and a high price of $1.87.
WazirX Price Prediction 2025
With more token burns completed, the circulation supply will drop making WRX more valuable. Its highest price will be $2.70, the lowest price will be $2.30, while the average price will maintain at 2.38.
WazirX Price Prediction 2026
With Wazirx making commendable progress in being recognised in India, increased market participation by investors and partnerships with financial institutions will propel the value to an average of $3.56 in 2026 while reaching a maximum price of $4.05 and a minimum price of $3.44.
WazirX Price Prediction 2027
Price projections indicate WRX price will reach its all-time high in 2027 before falling back to sell at $5.02, and reaching a minimum price of $4.88.
WazirX Price Prediction 2028
The bullish trend will continue into 2028 with the WRX price reaching $7.22 while ranging between $8.45 and $6.97.
WazirX Price Prediction 2029
As we enter a new age of Decentralization and privacy, we anticipate Wazirx will have completed its DEX and will be fully functional with WRX incentives for its users. WRX price will reach its $10 benchmark price, averaging at $10.70.
WazirX Price Prediction 2030
With new emerging technologies the upward trend will continue into 2030 with a 50% rise in value. WRX coin will sell at $15.24, reaching a maximum price of $18.15 and a minimum price of $14.71.
WazirX Price Predictions by Industry Influencers
The Reserve Bank of India announced that it would issue a stable rupee built on the blockchain in the year 2022-2023 as India prepares to read its #budget2022.
This came as good news to WazirX as a previous ban on crypto in India almost resulted in the closure of operations.
Going forward, we anticipate crypto appetite in India to grow as WazirX continues its WazirX warrior campaign on educating people about the benefits of blockchains.
India earlier this year classified cryptocurrencies as digital assets that would be taxable by law as stated in Section 115 BBH, 1945 and 56. This meant that the ban on transacting crypto was officially lifted. However, uncertainty looms on how the government is going to implement these taxation rules.
In February 2022, Wazirx completed its 7th burn that resulted in the disposal of $6M worth of WRX bringing the total amount burnt to $19M.
WazirX is also launching new tokens with numerous giveaways on its centralized exchange.
Given the position, we anticipate the value of WRX to continue growing to new record highs every year. The WRX exchange rate will however remain affected by high volatility in the crypto world.
FAQS about Wazirx
Is the WazirX coin a worthy investment?
It is a good investment. Wazirx price is expected to grow by 100% by 2024.
Which can I safely hodl WRX tokens?
WRX tokens can be safely held in Coinbase and Trust wallets.
What will be the value 10 years from today?
Wazirx price equal $25 in 2032, according to the Wazirx price forecast.
What will WazirX be worth in five years (2027)?
WazirX futures prices are forecast at $5.02.
Will WazirX price fall/drop?
Nope. Prices will rise long term.
Will WazirX replace Bitcoin?
It is predicted that the situation will not occur soon.
Where can I buy WRX?
Binance provides a good source for WazirX purchases. Binance also provides a large range of cryptocurrencies to convert the WRX to another coin later. For Wazirx WRX purchases on Binance, a free user account must be opened.
Where to buy WRX
Binance is one of the best places to buy WazirX. 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.