WAX COIN WAXP Price :

WAX (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved. The WAX blockchain uses delegated proof-of-stake (DPoS) as its consensus mechanism. It is fully compatible with EOS. The custom features and the incentive mechanisms developed by WAX are intended to optimize the blockchain’s utility specifically for use in e-commerce, with the goal of encouraging voting on proposals. To make this possible, WAX created a suite of blockchain-based tools upon which decentralized application (DApp) marketplaces and non-fungible tokens can be built.

Services such as WAX Cloud Wallet, SSO, and OAUTH support e-commerce operations, the latter being a native RNG service and a developer portal. WAX’s blockchain architecture supports 500-millisecond block time and zero-fee transactions for customers. It also makes use of voting rewards to incentivize participation in the selection of block producers and improvement proposals.WAX was co-founded by William Quigley and Jonathan Yantis. William Quigley studied at the University of Southern California and then worked at Disney. After leaving Disney in the early 1990s, he got an MBA at Harvard and became a venture capitalist. Over time, he became the managing director at Idealab. Alongside creating WAX, he is also the managing director at Magnetic.

Jonathan Yantis works as the chief operating officer at WAX and as the chief operating officer at OPSkins.WAX features a WAXP-to-Ethereum (ETH) bridge that allows WAXP token holders to convert their tokens into WAXE, which is an Ethereum-based ERC20 utility token. Users willing to participate in WAX tokenomics need to burn their WAXP tokens in order to get WAXE through the Ethereum bridge. They will then need to stake the WAXE tokens on the Ethereum distribution contract.WAXG is an Ethereum-based ERC-20 governance token that is distributed to WAXE stakes. The distribution is based on a set timetable and is proportionate to the percentage of the WAX Economic Activity pool. The token holders can govern the allocation and distribution of economic value on the platform as a result.

The WAX Economic Activity pool is a smart contract that accumulates a percentage of generated WAX fees and can be converted into ETH for distribution to WAXE stakers. It can also be given to WAXG token holders that decide to burn the tokens they already have.The worldwide asset exchange known as WAX is one of the popular virtual currencies and most used layer-1 blockchain ecosystems globally, especially for non-fungible tokens, dApps, and video games. WAX allows its investing users to create, buy, sell, and trade different items worldwide. Its launch date is 2017. Being the ‘king of the NFT market,’ WAX has successfully traded millions of NFTs from its partners. The WAX ecosystem consists of exchanges, WAX cloud wallets, games, blockchain services, marketplaces, DEX, patent portfolio, and intellectual property licensing.

Technical Analysis Of WAXP.Investors have booked some profits on digital coins last week, especially in Bitcoin; compared to the last two weeks, the first week of December shows a bullish sign for the cryptocurrency world. December 01 was a good day for Ethereum, Dogecoin, and Solana. Despite the confusion of the new pandemic variant and the fear of a market crash, the cryptocurrency market surges on December 01. Data shows the global crypto world has a 5% up on the last trading sessions. Though many digital coins faced correction after December 03. Some altcoins are still lagging behind momentum; traders are not showing interest in these coins. WAX WAXP has recently been listed in Binance; WAX price has benefitted from this listing, surges more than 204%, the rise continued till the third week of November.

The current price of WAX WAXP is around $0.49 with a market cap of $917,079,136 dollars. Circulating supply is 1.86B WAXP, 24-hour trading volume is $126,904,662 and the range of WAX price today is $0.4048 to $0.5015. The highest price at which WAX WAXP was traded is $5.01, almost 4 years ago. The all-time low of WAX price equal $0.01596, which was in 2019 as per the available data.In August, there was a massive surge in WAX price at certain exchanges, this is due to the increased demand of NFT, and the unique services and tools of WAX have attracted the gaming companies to list their best-selling games in WAX WAXP. Historical data says WAX, after a downward trend, experienced a trend reversal and started moving upward from the beginning of October.

Later, amid global cues, WAX (WAXP) also exhibited a retracement in price levels. From last week onwards, WAXP price shows a downfall with the formation of a strong bearish candle. However, after hitting a low at $0.397, the coin registered sideways trading. Later, December 06 is the sixth consecutive day of WAX price drop with sell WAX indication. However, over the last 24 hours, the currency is recovering its lost momentum.From technical analysis data, immediate resistance is placed at $0.70, if WAXP price can break this level, it has to face the hurdle of $0.79. Major resistance is placed at $0.93 levels. If the WAX price drop continues, the WAXP price hits the support of $0.41, and investors can wait for the next support. Major support is placed at $0.39.

The price chart’s technical analysis of major technical indicators shows that the relative strength index (RSI) is placed at 38, a sell sign. MACD line had a heavy fall below the signal line without showing any investment opportunity for the short term. Data shows that WAX WAXP started trading above its 20 EMA and 50 EMA from September onwards, but prices dropped below 20 EMA last week. There is a risk of breakdown based on our price forecast. Technical indicators and market sentiment for the token are negative, and there is no confirmation of an immediate price rise for the near future.

However, over the last 24 hours, the coin marked significant upside movement, and hence, investing may be a good option at the current price level. Still, aggressive traders can wait to bounce back from the mentioned support levels and take an appropriate entry for the short term. Despite the current mixed price trends, traders can expect a profitable return once the coin crosses the $0.70 mark. WAX Price Predictions From 2022-2026.2021 was a breakthrough in the history of the crypto world. Major regulatory talks are in the discussion, which created a huge impact on the crypto market.

People rushed to crypto this year, which was the reason behind the surge of the crypto market cap. The future of digital coins is constantly evolving; companies are bringing up advanced technology to become a part of the race. WAX has broad application and utility; the long-term WAX forecast expects a good return in WAX WAXP price. But the price of WAX moves is highly correlated with the company’s performance, announcements, public attention, and revenue. The number of altcoins has been increasing day by day, strengthening future competition. Because of its unique characteristics, WAX has shown long-term earning potential in the WAX forecast.

WAX Price Forecast 2022.WAX forecast for 2022 is foretold to begin at $0.79, till august 2022 WAX WAXP price is hanging between $0.79 to $0.85, without any sign of future price increase, maximum predicted price of WAX is $0.85 only. Due to the plunge of the cryptocurrency world and other reasons, the token is expected to bounce to the resistance level only. This means WAX cryptocurrency cannot be considered a good investment in the near future based on our WAX price prediction. WAX Coin Price Prediction 2023.WAX WAXP price prediction foretells a beginning at $0.94; a gradual rise is predicted. Still, nobody can guarantee the same; the year foresees a combination of rising and drop in the price of WAX.

The maximum WAX WAXP price prediction for the end of the year is forecasted at $1.02, which is a good return on investment for those who invest in WAX compared to the previous year. The minimum price of WAX is expected at $0.94 beginning of the year as per our WAX price prediction.WAX Crypto Price Prediction 2024. WAX is predicted to begin at $1.15 in 2024.the future price anticipated for the year-end is $1.4, which means an enormous increase in the price of WAX based on our analysis & WAX price prediction. While considering the three years of WAX price prediction,

the value has marked a tremendous growth for the current price level. A maximum WAX price equal $1.45, and the minimum price for the year is $1.10 based on our WAX price prediction. WAX Token Price Prediction 2025.WAX price predictions are anticipated to begin at $1.5; with a slow price increase, it will reach $1.7 within six months of the period. Wax price prediction shows it will break an all-time high this year with an increased market cap and turn into a profitable investment. Maximum WAX price predictions for the year are $1.79, and the lowest price is $1.5.

WAX Price Forecasts 2026 & BeyondWAXP token will be considered as a profitable investment option due to multiple factors like the huge community, strong fundamentals, integrations with other institutions, etc. Based on our WAXP price forecast, the coin value might reach new highs and hit the lowest price level of $2. The minimum price will be around $1.92. According to our analysis-based price predictions, the coin might retest its previous all-time high of $5.01 in 2030. The maximum value of the WAXP token might hit $5.9 by the end of 2030 as per our forecasts.