WazirX Price Prediction 2024, 2025, 2030: Will WRX Price Explode This Year?

The post WazirX Price Prediction 2024, 2025, 2030: Will WRX Price Explode This Year? appeared first on Coinpedia Fintech News

WazirX, a most popularly used Cryptocurrency exchange is all set off into a new mission now with over 4,000 cryptocurrencies listed. Undoubtedly most of you know that Binance, the father company of WazirX is another important crypto exchange in the market.

Binance, the most common exchange, where one can buy or sell most crypto, on WazirX, one can buy, sell and exchange most cryptos and surely the WRX token. Currently, the WRX token has grabbed the attention of many users and started to surge amidst other cryptos in the market.

Curious to know why WazirX has been surging? or is it profitable long-term? For answers to these questions and more, please hold on and keep reading. We have picked the finest information on WazirX price prediction 2024 and the years to come.

Overview

Cryptocurrency	WazirX
Token	WRX
Price	$ 0.36076288 2.50%
Market cap	$ 137,759,786.6017
Circulating Supply	381,856,872.3420
Trading Volume	$ 5,303,179.3712
All-time high	$5.94 on 05th April 2021
All-time low	$0.0552 on 13th March 2020
24 High	$ 0.3627
24 Low	$ 0.3262

WazirX Price Prediction March 2024

The WRX price traded in a closed range between $0.2265 and $0.2550 for a brief period, following which the bulls gained momentum and the price recorded a jump of 15.41% in valuation. After facing rejection at the resistance level of $0.287, the WazirX displayed a neutral trend for a while.

As the volatility increased, the bulls recorded a jump of 24.63%, after which the price faced rejection at the resistance level of $0.346. Following this, the WRX token traded in a consolidated range between $0.287 and $0.346 for the next seven days. Recently, the bulls successfully broke out of the resistance level, indicating an increase in the bullish sentiment within the market.

The technical indicator, MACD, displays a constant green histogram, indicating a increased buying-over-selling pressure in the crypto industry. Moreover, the averages show a bullish rise, suggesting a positive price action for the altcoin in the coming time.

If the bulls continue to trade under a bullish influence, the WRX price will prepare to test its upper resistance level of $0.400 in the coming time. Conversely, a bearish trend reversal may pull the price toward its lower support level of $287.

WRX Price Prediction 2024

Peer-to-Peer protocols could disrupt the wholesome technology in the coming years, with its hopeful events in line, the future seems to be optimistic for WazirX and new landmarks are awaited on its way. If the network successfully accomplishes the planned integrations, then the price may clinch a high of $0.72 by the end of the year.

If the platform fails to gain the traction of the user base and fails to execute the events as per the schedule, then it may easily get defeated against its competitors. In such a case the price may drop to a minimum of $0.21.

WRX Price Prediction 2024 – 2030

Price Prediction	Potential Low ($)	Average Price ($)	Potential High ($)
2024	0.21	0.46	0.72
2025	0.56	0.82	1.09
2026	0.89	1.37	1.86
2027	1.31	1.77	2.23
2028	1.75	2.27	2.79
2029	2.16	2.70	3.25
2030	2.67	3.28	3.89

WazirX Price Prediction 2025

The WazirX (WRX) token is predicted to gain significant momentum in the coming year as the market volatility will be at its peak post Bitcoin Halving. If the market favors the bulls, the WRX token may reach a high of $1.09 by the end of the year 2025.

Conversely, a bearish convergence may pull the price toward its yearly low of $0.56. With this, the WRX token may conclude the year with the average trading price of $0.82.

WazirX Price Prediction 2026

According to forecast prices and technical analysis, WRX’s price is projected to reach a minimum of $0.89 in 2026. The maximum price could hit $1.86, with an average trading price around $1.37.

WazirX (WRX) Price Prediction 2027

Looking forward to 2027, WazirX’s price is expected to reach a low of $1.31, with a high of $2.23 and an average forecast price of $1.77.

WRX Price Prediction 2028

In 2028, the price of a single WRX is anticipated to reach a minimum of $1.75, with a maximum of $2.79 and an average price of $2.27.

WRX Crypto Price Prediction 2029

By 2029, WRX’s price is predicted to reach a minimum of $2.16, with the potential to hit a maximum of $3.25 and an average of $2.70.

WazirX Price Prediction 2030

In 2030, WazirX is predicted to touch its lowest price at $2.67, hitting a high of $3.89 and an average price of $3.28.

Market Analysis

Firm Name	2024	2025	2030
Wallet Investor	$0.35	$0.36	–
priceprediction.net	$0.46	$0.69	$4.27
DigitalCoinPrice	$0.77	$0.86	$2.62

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

CoinPedia’s WazirX Price Prediction

The WazirX price may reach new milestones in the upcoming days, as Peer-to-Peer aims to revolutionize the internet space. 

According to CoinPedia’s formulated WazirX price prediction, if the network launched upgrades in order to ensure enhanced interoperability and other features to benefit the traders,  the price may easily surpass the $0.72 mark this year.

If the network fails to execute its plan, then the price can flip into a bearish trap and dip to $0.21. Considering everyday buy and sell pressure and keeping the above factors in mind the average price by the end of 2024 would be around $0.46.

Fundamental Analysis

WazirX trading platform was launched in March 2018. It was founded by Nischal shetty and he is currently serving as the CEO of the platform. Sameer Mharte works as CTO at WazirX. Prior to co-founding WazirX, he served as an Ace developer and designer. He is known for his knowledge in solving programming puzzles on TopCoder.

Lastly, Siddarth Menon is currently serving as COO at WazirX. He is known for his innovation in the world’s first auto-order matching P2P exchange. The ecosystem is already a market leader in the Indian cryptocurrency space. Whereas Binance has its popularity spread all across the globe. 

WazirXs acquisition by Binance is the next step towards giving cryptocurrency exposure to users all across the world. The platform has remained an independent brand of Binance. In the future, they are likely to acquire more community and resources access to expand across the globe. 

What is WazirX (WRX)? 

Being a peer-to-peer exchange network, WazirX promises to offer the best utility token that can help build the network and act as a better digital asset at the same time. Also, for users in this network, numerous benefits and discounts can be availed. This has indeed led the exchange users to turn into potential crypto holders!

Currently, the native token of the ecosystem WRX has grabbed the attention of many users and started to surge amidst other cryptos in the market. Being a utility token, WRX works with their parent company Binance network, and on the Ethereum blockchain. The main reason behind building this token is that it will act as a backbone for the entire WazirX ecosystem.

Historic Market Sentiments 2019 – 2023

• In 2019 the protocol went live on the mainnet to unleash its products in 2020.
• As the project was at its nascent stage of development there hasn’t been any upgrade that grabbed the traction of the user base.
• However, with mild volatility, the WRX price has hovered between $0.009 to $0.015 throughout the year. 
• The WRX token commenced in the year 2021, with a stagnant price of $0.07. However, in the first month, the price was seen swinging between $0.6 and $0.11.
• On April 1, WRX stepped into the $1 mark. Proceeding with the trend, the movement was between $1 and $2. However, the Chinese market crash on May 9th plummeted the WRX price to multi-month lows of $0.8847 with a significant rise in sell-offs. 
• Along with a substantial correction of two months, the WRX price has undergone significant correction and concluded the year with a price tag of $4.02.
• The WazirX price started the year 2022 with a trading price of $1.41 and by the year-end the price dropped to $0.1241.
• WRX displayed a neutral trend during the year 2023 as the token traded between $0.1350 and $0.2116 for the whole year.

FAQ

WRX

BINANCE