WazirX is an Indian cryptocurrency that came into existence in March of 2018, with its founders being Nischal Schetty, Sameer Mharte, and Siddharth Menon. This team was able to give room to the global crypto community. As a result, in 2021, the WazirX exchange recorded one of the highest numbers of users visiting the platform besides Binance and other reputable exchanges. This WazirX price prediction will present you everything you need to know.
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However, as more people get interested in the WazirX token, it is quite likely that they will want to know how much it is worth in the future. This WazirX price prediction will allow crypto enthusiasts to decide on whether to invest in it or not. The WazirX token price prediction is based on its historical past in the market and on other reputable crypto sources.
WazirX Price Prediction | Introduction
WazirX is a relatively new cryptocurrency that is gradually making waves in the market. This crypto offers a smooth and powerful trading experience on several platforms allowing crypto enthusiasts to make the most out of their trading. WazirX token has been designed for those who wish to participate in the exchange in the long term.
Currently, this crypto asset has a market cap of $84,739,181, with a fully diluted market cap of $216,272,591. It also has a 24h volume of $11,297,343 and a circulating supply of 381,856,864.34 WRX.
WazirX Price Prediction: Technical Analysis
This WazirX price prediction is mainly based on the coin’s past performance. However, while predictions may not be all-time accurate but the past holds the key to setting the trend.
According to Yahoo Finance, the price of WazirX has been very shaky, with its price fluctuating throughout the crypto market. In December 2021, WazirX recorded a price of $1.2148, which fluctuated throughout that month, finally closing the month at $1.1919. The price of WazirX was gradually on a downward trend, which set a series of events that indicated that the price would constantly be dropping at a slower rate.
However, there is a significant possibility that the price may increase since there have been several gains in the process, and this raises eyebrows on what the future price of this token will be. To better understand the WazirX price prediction, let us review the predictions made by renowned crypto sites.
NOTE: The predictions done on cryptocurrencies are entirely dependent on past trends. However, it is almost impossible to foresee the future market of cryptocurrencies because they are very volatile. Therefore, before making any significant financial decisions, it will be important that the investor consults a financial specialist.
WazirX Price Prediction: Market Opinions
Before we can critically look at WazirX price prediction, it should be noted that its current price as of June 22, 2022, stands at $0.224. Different cryptocurrency sites have had their predictions regarding the price of this crypto, and even though they may not be conclusive, they have all come up with a predictable pattern based on how it has conducted itself in the past.
According to Wallet Investor, the price of WazirX will continue to plummet in the coming months and years. Furthermore, it is anticipated that its price will not only drop but may never go up any time in the future. WazirX price prediction will close June with an average price of $0.192, a maximum price of $0.216, and a minimum price of $0.169.
A further decrease in price has been anticipated through July, and the WazirX token price prediction stands at $0.0223 on average, with a high of $0.0335 and a low of $0.0112 by the end of July.
WazirX coin price prediction for the rest of the year is not so different, too, as the price is expected to maintain the drop, holding up at an average price of $0.0240 with a minimum price of $0.0120 and a maximum price of $0.0360. The price of WazirX plummets further in the year 2023.
While there may be some price fluctuations in between, the price continues to maintain its drop all through the months, closing the month of December at $0.0128 with a maximum price of $0.0192 and a minimum price of $0.00641
Gov.Capital has equally recognized the declining tendency that WazirX has shown since this year began. They also assume that the price drop will continue for the better part of its existence. WazirX coin price prediction at the start of July is expected to have dropped to $0.161 on average, with a minimum price of $0.1369 and a maximum price of $0.18515. At the end of July, there will be a slight gain in its average price, which will stand at $0.2042 with a minimum price of $0.1735 and a maximum of $0. 2348.
WazirX price prediction by Gov.Capital has been portrayed positively throughout the year, as it’s bound to continue gaining momentum, closing the year at an average price of $0.598 with a minimum price of $0.5083 and a maximum price of $0.6877.
The constant fluctuation in price will also be experienced all through 2023, which will ultimately lead to the rise in WazirX coin price to $2.860 on average, with a minimum of $2.431 and a maximum of $3.289. This is ultimately the most promising prediction of the WazirX coin.
For the rest of this year, the anticipated price of WazirX will be at $0.21 by the end of June and $0.21 in July. The rest of the year will experience the same increase in price, closing the year at $0.25. Price Prediction is also very hopeful regarding the price of WazirX in the coming months.
For the year 2023, there is an expected rise in the price of WazirX to $0.33 from its current price. As a result, WazirX has been anticipated to attain a maximum price of $0.42 and an average price of $0.35 throughout the same year.
Latest News and Happenings Concerning WazirX
In the past month, WazirX has launched a second cryptocurrency with a 100% compliance rate. According to their report, they received a 100% compliance rate on all the 1023 reports they had received from different law enforcement agencies.
The report also stated that WazirX reported an improvement that had an average turnaround of 22 minutes, which was much better than that which had been recommended.
WazirX Price Prediction: Verdict
From this WazirX price prediction report, we can conclude that there is a 50-50 chance that the price of this token will rise in the future. On the other hand, based on its history, the price will continue plummeting with the expected fluctuations being experienced. However, as stated, it is almost impossible to accurately predict the price of a crypto token; therefore, those wishing to engage in long-term investments will be advised to seek professional financial advice first.