WRX Coin Price Prediction: Will WazirX Rise amid Ongoing Crisis?

According to our WRX coin price prediction, the digital asset may witness a massive pump if the WazirX platform eliminates its current allegations. 

In India, a country known for its hesitation towards cryptocurrency, centralized crypto exchanges (CEX) face a constant battle with stringent government policies against digital asset transactions and holdings. Despite these challenges, WazirX has flourished and become one of the largest exchanges in the world, boasting a staggering $43 billion in trading volume in 2021 alone. This impressive feat proves that even in an adversarial environment, WazirX is a force to be reckoned with in the crypto world. In February 2020, WazirX launched the WRX token on the Binance chain through community airdrops and an initial exchange offering (IEO). However, the token has lost most of its value after the Enforcement Directorate (ED) raided its creator Zanmai Labs, forcing Binance to remove it from the chain fund transfer channel. Hence, our WRX coin price prediction seeks to bring you its current technical analysis based on advanced indicators to help you decide the best investment plan amid the uncertain situation in the crypto market.

WazirX: A Quick Introduction

WazirX, a game-changing cryptocurrency exchange, burst onto the scene in March 2018, founded by the dynamic trio of Nischal Shetty, Siddharth Menon, and Sameer Mhatre. The exchange was crafted with the intention of serving India’s thriving crypto community, but in March 2019, the WazirX team took the bold step of welcoming the world to join their platform. With this move, WazirX became a global player in the crypto space, offering a secure and seamless experience to investors everywhere.

WazirX is revolutionizing the crypto trading game with its user-friendly platform, loaded with top-notch security features and wallet-friendly transaction fees. Boasting a wide selection of cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, and Dash, just to name a few, WazirX has got all your trading needs covered. But that’s not all; the introduction of the powerful WRX utility tokens and the groundbreaking auto-matching WazirX P2P trading platform has taken the exchange to new heights of popularity. With the capability to smoothly handle millions of transactions, WazirX is the ultimate trading destination for any crypto enthusiast. Before moving further, let’s take a look at WRX’s current market details to clarify our WRX coin price prediction better. 

WRX Coin: Robust Potential And Roadmap

WRX, a digital asset much like Ethereum and Bitcoin, is making waves in the cryptocurrency world. As a token on the innovative WazirX platform, WRX is powered by Binance and operates via the Binance Chain and Ethereum, offering users a whopping 50% discount on trading fees. This has caught the attention of savvy crypto investors who see it as an opportunity not to be missed.

However, the discount per annum decreases each year, so it’s crucial for investors to act fast and establish themselves in the WRX world while the savings are still substantial. Despite the decreasing discount, WazirX users are able to position themselves in a way that the savings make a significant impact. 

The whitepaper states, “WazirX has been built by a team of hardcore traders and passionate blockchain believers. We have a lean and high-caliber team that believes in innovating and delivering high-quality output every time. Our founders are seasoned entrepreneurs who have over 15 years of experience in building successful global products. They are also the people behind Crowdfire – a social media management product – with over 20 million users.”

The WRX tokens are a versatile and valuable asset in the world of cryptocurrency. They offer users multiple benefits beyond just trading. For example, users can pay their listing fees using WRX tokens, making the process quick and easy. In addition, payments for fee margins can also be easily made using the WRX token, simplifying the process even further.

WazirX has a convenient feature for users who have small amounts of various cryptocurrencies, known as “dust,” in their wallets. Dust is any balance that is lower than the minimum withdrawal or trading amount (10 USDT) and even lower than the trading fee amount.

WazirX allows users to convert this dust into WRX tokens. This conversion feature is incredibly useful as it lets users turn their leftover balances into something more valuable and useful. With the WRX tokens, they can trade, pay trading fees, participate in airdrops, and enjoy other rewards exclusive to WRX holders. In this way, WazirX helps users make the most of their investments and ensures that their dust balances don’t go to waste. With its user-friendly platform, top-notch security measures, and a wide range of cryptocurrencies, WazirX is making it easier for users to manage their investments and take advantage of its many benefits.

WRX Coin Price Prediction: Price History

The WRX token has given investors an astonishing price trend in the past with a solid ROI during a bull run. However, the ongoing controversies between WazirX and Binance have negatively impacted the token, plunging it to the bottom price zone. Therefore, before diving deeper into our WRX coin price prediction, it is essential for investors to know about its price history to get a rough idea of its potential. However, it is to be noted that price history is not an indicator of our future price points. 

The WRX token went live into the cryptocurrency trading market with a value of $0.121 on 7 February 2020. However, the value started dropping within the first couple of days and made a dip on 28 February with a value of $0.069. The WRX coin made a minor upward retracement and reached a high of $0.2 on 10 March. The token continued to trade in a range-bound area of $0.06-$0.12 throughout the year 2020. 

In 2021, the overall crypto market went on a bull run and pushed several cryptocurrencies’ prices to new heights. WRX token was no exception to this bull run, as it witnessed an exponential surge in the price chart. The token made a high of $4 on 9 April, attracting the attention of investors. However, it did not stay in the bullish region for long, as it significantly dropped to $2.37 on 26 April. The token further dropped and formed a bottom at $0.8 on 24 May. WRX token saw another spike in June, taking its price to $2 on 4 June. The token formed another two tops near this price level in the next five months before dropping significantly by the end of that year. 

WRX coin made a bearish start in 2022 as the coin continued to drop and reached a low of $0.8 on 24 January. The token further dropped in March and made a price bottom at $0.5 on 17 March. Due to the Terra’s ecosystem crash, the WRX coin made a steep decline and reached $0.18 on 13 May. The token continued to trade in a bearish consolidation range without any significant movement. 

WRX Coin Price Prediction: Technical Analysis

The WazirX token has been making headlines in the crypto market with its impressive price action this week, surging over 20% in the price chart. The WazirX token has sparked a stable upward rally over the last three days, and it can skyrocket anytime soon to a new price level in February if it continues to break above its intense resistance levels ahead in the price chart. However, the token may consolidate with a short-term downward retracement if it faces a barrier due to Binance’s license cancellation, which may soon build a fear zone in the market and force investors to sell off all holdings. Hence, our WRX coin price analysis seeks to bring you an in-depth technical analysis of the current market momentum using technical indicators to help you choose a profitable investment plan amid the market’s bearish sentiments.

According to CoinMarketCap, the current WazirX price trades at $0.195, with a downtrend of nearly 0.12% from yesterday’s performance. Our WazirX technical analysis reveals this digital asset is building an upward momentum that may push the token above its immediate resistance level of $0.2 and bring a solid ROI for investors after a range-bound trading session. Looking at the daily price chart, the WRX token struggles to trade above a crucial price point at $0.2, as it continuously faces multiple rejections above this level due to high selling pressure from bears amid the budget meeting. Our WazirX price analysis signifies a recovery market trend with a slight FUD sentiment, which means WazirX is gearing up for a significant price action after overcoming the recent market turbulence. Moreover, the WazirX token displayed a high fluctuation as its price formed higher highs and lows in the range of $0.19-$0.17. The WRX token has formed an ascending channel pattern with a support region at $0.18 after getting rejected from its immediate resistance level. However, the WRX coin is making a slight upward retracement to its 31.8% Fib levels from its current price. The Balance of Power (BoP) indicator moves in a minor bullish region of 0.08, which may push the token to retest its immediate resistance level.

The Stochastic RSI is heading toward a bullish region as it fluctuates near the level of 30, which may onboard new investors soon. The RSI-14 hovers on the verge of an overbought region near the 64-level, which may plunge the token hard to the bottom price level of $0.18 if it witnesses high selling pressure from investors. However, bulls are still battling to hold the upward rally for the WRX token as they continue to increase buying pressure. Moreover, the MACD line assures investors of a continuation of the bullish trend as it sparks green candles above the signal. Nevertheless, traders should take the current price trend as a caution because the SMA-14 trend line tumbles on the verge of a flip situation which may ignite a freefall for the WazirX token if the altcoin market makes a reversal. Hence, a downward correction is forecasted if WazirX comes under the bulls’ trap, which may bring a market cooldown. WazirX token may spark a fresh uptrend to its Bollinger band’s upper limit of $0.3219 if it holds above its EMA-200 trend line and makes a breakout above $0.22. If the WazirX token’s price trades above $0.19, it can build a potential to break its crucial resistance at $0.2. Conversely, a freefall in the WazirX price chart may become valid if WazirX’s price falls below the critical support level of $0.18; below this price level, the token may accelerate for a sharp collapse as it can pave its way to its Bollinger band’s lower limit of $0.168. If the WazirX token fails to hold above $0.156, it may eliminate all bullish expectations and trade near the bottom level of $0.1310.

WRX Coin Price Prediction By BlockchainReporter

WRX Coin Price Prediction 2023

Our WRX coin price prediction for 2023 expects a maximum trading price of $0.30, with an average trading price of almost $0.27. WRX coin might retrace downward with a minimum price of $0.26 by the end of 2023. 

WRX Coin Price Prediction 2024

As the WRX network promises a robust Web3 infrastructure, the platform is predicted to expand exponentially in the future. WRX coin’s price prediction for 2024 predicts that the token will extend its bullish momentum and likely achieve a maximum price level of $0.45. After that, WRX crypto might record a low of $0.38, with an average trading price of $0.39.

WRX Coin Price Prediction 2025

Our WRX coin price prediction for 2025 anticipates a minimum value of $0.0.54 and a maximum value of $0.66. In addition, our WRX coin price forecast for 2025 predicts an average trading price of $0.55.

WRX Coin Price Prediction 2026

WRX token may witness a solid surge in 2026 and bring heat among its long-term holders on investment. Our WRX coin price prediction for 2026 expects a maximum trading price of $0.93 with an average trading price of $0.81. WRX coin may trade at a minimum value of $0.78. 

WRX Coin Price Prediction 2027

The crypto market may overcome its current hurdles and push multiple assets to new highs as it is gearing up for a bullish comeback and is expected to skyrocket in the next few years. Our WRX coin price prediction for 2027 suggests it may touch a maximum trading price of $1.36. WRX coin may trade at an average price of $1.16 with a minimum value of $1.12.

WRX Coin Price Prediction 2028

Our WRX coin price prediction for 2028 states that it may touch a maximum price of $2 and an average trading price of $1.85. The minimum value for the WRX cryptocurrency is predicted to hit $1.79.

WRX Coin Price Prediction 2029

In the upcoming years, the WazirX platform may acquire potential partnerships with its robust network that can push its price to the North. Our WRX coin price prediction for 2029 expects a maximum price for this token to be $3.10 and a minimum price of $2.68. WRX crypto may reach an average value of $2.77.

WRX Coin Price Prediction 2030

Depending upon the future market potential and feedback from the community, WRX coin can see a maximum price level of $4.64 with an average trading price of $4.10. However, WRX crypto is projected to hit the bottom level at $3.99 by the end of 2030.

WRX Coin Price Prediction 2031

According to our WRX coin price analysis, the token may develop a bullish scenario for investors’ portfolios as the team has solid promises ahead. The price of WRX is projected to reach a maximum value of $6.92, with an average trading price of $5.84. Furthermore, the minimum trading price of the WRX coin is predicted to be $5.68 by the end of 2031.

WRX Coin Price Prediction 2032

WRX token’s price is forecasted to reach a minimum level of $8.18 in 2032. As per our prediction, the WRX coin’s price could reach a maximum value of $9.85 with an average forecasted price of $8.41.

WRX Coin Price Prediction: Experts’ Opinions

According to Wallet Investor’s WRX coin price prediction, it appears that WazirX (WRX) and its potential market environment have been in a bearish cycle for the past twelve months. The WalletInvestor Ai cryptocurrency analyst predicts a downward trajectory; therefore, purchasing WRX is not a wise financial move. The long-term prospects for this cryptocurrency are poor, so you should diversify your holdings by investing in other projects. If you are not a seasoned trader, you may want to stay away from this currency. If you’re just getting started with investing, it’s imperative that you educate yourself on the best practices.

Digital Coin Price’s WRX coin price prediction states that WRX is expected to trade above the level of $0.43 in 2024. By the end of the year, WazirX is expected to reach a minimum value of $0.42. In addition, the WRX price is capable of securing a maximum level of $0.51. In 2030, the price of WRX is expected to surpass the level of $1.94. By the end of the year, WazirX is expected to reach a minimum value of $1.92. In addition, the WRX price may attain a maximum level of $2.05.

Is WRX A Good Investment? When Should You Buy?

WazirX is India’s largest crypto exchange which was once acquired by Binance. However, the recent investigation regarding money laundering may put the platform into trouble as Binance canceled its license recently. However, the WazirX platform has the potential to make things turn around and expand more, making the WRX coin a good investment option. Our WRX coin price prediction suggests investing in this coin at a price of $0.15 for a stable return in the long term. 

Conclusion

WazirX is a digital currency exchange based in India that has grown greatly over the years. It was founded in 2017 by Nischal with the aim of creating a blockchain ecosystem and becoming India’s first crypto exchange. This move was well received by the crypto community in India, as people were able to trade in a more reliable and trustworthy platform. However, the Reserve Bank of India imposed a ban on all crypto-related transactions, causing difficulties for the founders. To overcome this challenge, the company changed its business model to act as a third-party custodian between traders, which allowed it to continue its operations. Today, WazirX is the country’s leading digital currency exchange and the first billion-dollar crypto unicorn in India.

If WazirX breaks through its current hurdles, its native token, WRX, may witness extreme heights this year. However, it is advised to do your own research and conduct investment plans before investing in the volatile market.