Last year saw WazirX Exchange record the highest number of users alongside Binance, 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? Get your questions answered today from their support team.
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 is 100% safe with its world’s first auto-matching P2P engine.
Today’s WazirX price is $0.244135 with a 24-hour trading volume of $9,491,300. WazirX is down 5.59% in the last 24 hours. The current CoinMarketCap ranking is #281, with a live market cap of $93,224,561 USD. It has a circulating supply of 381,856,864 WRX coins and the max. supply is not available.
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.
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.
WRX Technical Analysis
The trading volume is an important indicator that tells you if there is interest in the stock. The WRX price increased in the past two years, with a slight dip in 2020. The trading volume has been relatively stable during this period.
Looking at the candlestick chart, we see that the WRX price has been on an uptrend since early 2019. There was a slight dip in 2020, but the price has recovered and is now trading at around $0.60.
The moving average convergence divergence (MACD) indicator is a trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD for WRX is positive and is increasing, which is a bullish sign.
The relative strength index (RSI) is a momentum indicator that measures the speed and change of price movements. The RSI for WRX is currently at 68, which is in the neutral zone. This suggests that the stock is neither overbought nor oversold.
Source: Tradingview
According to William alligator’s theory, the market moves in three phases. Today, the Wazirx price is currently in phase III, the consolidation phase. This is an excellent time to buy the stock as it will likely continue its uptrend.
The support and resistance levels are critical levels that indicate whether a stock will continue its trend or reverse. The support level for WRX is currently at $0.50, while the resistance level is at $0.70.
To sum up, the technical analysis suggests that WRX is a good investment at its current price. The stock is in an uptrend and is likely to continue its trend in the future. The RSI and MACD indicators are also bullish, suggesting that the store has more room to grow.
WazirX Price Predictions 2022 – 2030
Walletinvestor
Walletinvestor is a popular website that provides financial analysis and price predictions for hundreds of cryptocurrencies. According to their Wazirx price forecast, the price of WRX will reach $1 by the end of 2022 and $2 by the end of 2025. They predict that the stock will continue to increase in price until 2030, when it reaches $5.
CoinLiker
Coinliker is another website that provides price predictions for cryptocurrencies. They are slightly more bullish than Walletinvestor, predicting that the WRX price will reach $1.50 by the end of 2022 and $3 by 2025.
DigitalCoinPrice
According to Digitalcoinprice, the price of WRX will reach $1.20 by the end of 2022 and $2.40 by the end of 2025. They predict a slower growth rate than the other two websites, but they still believe WRX is a good investment.
CoinQuora
They predict that the price of WRX will reach $2 by the end of 2022 and $10 by the end of 2025. And in 2030, the price will explode to $50.
Cryptopolitan
WRX Price Prediction 2022
As we can see from the above-average forecast price, all four websites are bullish on WRX and believe it is a good investment. The price predictions range from $1 to $5 by 2030. So, if you think about investing in WRX, these predictions suggest that now is a good time.
WRX Price Prediction 2023
WazirX’s price will be trading at an average price of $0.35, a minimum price of 0.33, and a maximum of 0.42 by 2023.
WRX Price Prediction 2024
The average price of WazirX will be $0.51, and it will be trading at a minimum price of $0.49 and a maximum of $0.59 by the end of 2024.
WRX Price Prediction 2025
In 2025, the average price of WazirX will be $0.67, and it will be trading at a minimum price of $0.64 and a maximum of $0.74 by the end of 2025.
WRX Price Prediction 2026
When the trend rises at an average of $1.12 will be traded with a minimum price of $1.09 and a maximum of $1.27 by the end of 2026.
WRX Price Prediction 2027
The average price for WazirX in 2027 will be $1.68, and it will be trading at a minimum price of $1.64 and a maximum of $1.78 by the end of 2027.
WRX Price Prediction 2028
When the trend rises at an average of $2.45 will be traded with a minimum price of $2.38 and a maximum of 2.87 by the end of 2028.
WRX Price Prediction 2029
The average price for WazirX in 2029 will be $3.52, and it will be trading at a minimum price of $3.40 and a maximum of 4.11 by the end of 2029.
WRX Price Prediction 2030
WRX will trade at an average price of $5.01 and will have a minimum price of $4.87 and a maximum price of 6.3 by the end of 2030.
WazirX Price Prediction 2031
WRX will set all-time high records for such a massive jump in 2031. The average price will be $7.22and it will be traded at a minimum price of $7.01and a maximum price of 8.59 by the end of 2031.
WRX Price Predictions by Industry Influencers
Crypto Michael is a famous YouTube influencer https://www.youtube.com/watch?v=QKVaTEFM-tI. He is bullish on WRX and predicts that the price will reach $10 by 2025. He also said that WRX is an excellent long-term investment. But do your research before investing in any cryptocurrency.
Conclusion
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.
WRX token is based on the Binance blockchain. Its total supply is 1 Billion. The token holders will be rewarded with various benefits on the trading exchange like trading fee discounts, WRX trade mining, token airdrop, margin fee, and more. WRX and WRX are backed by Indian entrepreneurs with over 10 years of experience in building and scaling global products out of India.
WazirX is also launching new tokens with numerous giveaways on its centralized exchange. From the above discussion, it is pretty evident that Wazirx is all set to explode in the coming years. How different is the support team now from a year ago when the common complaint was the slow processing of deposits/withdrawals from the platform?
“After so many following up, there is no response from your support team. Please help me to close this ticket Re: INR Deposit Pending”
Precisely the reason people are shifting to crypto is that they can manage their own money; what’s the sense of a third party controlling your funds when the selling point is to have this freedom in crypto?
Without true community support, cryptocurrency can never attain its global perception of financial freedom across boundaries; so, if support will heed its customer’s demands and not ignore them, we will be well on our way to crypto adoption.
Source: https://www.cryptopolitan.com/wrx-price-prediction/