Wax Price Prediction 2023-2032
- WAXP Price Prediction 2023 – up to $0.063
- WAXP Price Prediction 2026 – up to $0.22
- WAXP Price Prediction 2029 – up to $0.63
- WAXP Price Prediction 2032 – up to $1.95
In the face of a bearish crypto market, certain niches continue to defy the odds, demonstrating both resilience and prospective growth. One such promising sector is blockchain gaming, projected to ascend to a remarkable market valuation of $74.2 billion by the year 2031. Nestled at the forefront of this burgeoning arena is WAX (Worldwide Asset eXchange), a blockchain that has earned international recognition as one of the most widely used platforms in the blockchain universe. Catalyzed by its hosting of Alien Worlds, a leading blockchain game, WAX has cemented its reputation as a pivotal player in the ecosystem.
Yet, WAX’s appeal is not confined solely to gaming. Its protocol, noted for scalability and eco-friendliness, has garnered the attention and partnership of corporate titans including Amazon, Sony Pictures, and AMC Theaters. It is noteworthy that, despite operating with fewer financial resources than competitors such as Avalanche or Gala Games, WAX has remarkably succeeded in laying down robust and resilient Web3 infrastructures tailored to the gaming industry. This combination of social impact, technological innovation, and resilience posits WAX as an intriguing subject for any financial analysis.
As such, a comprehensive price prediction for its native token, WAXP, emerges as a crucial inquiry for investors, market analysts, and stakeholders keen on decoding the blockchain’s financial trajectory in the mid to long term.
Here’s an update on the Wax network and its native currency WAXP.
How much is WAX worth?
Today’s WAX price is $0.04561 with a 24-hour trading volume of $61,530,200. WAX is up 4.05% in the last 24 hours. The current CoinMarketCap ranking is #154, with a live market cap of $153,990,210. It has a circulating supply of 3,368,378,640 WAXP coins.
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WAXP Coin Price Analysis: Strong Daily Gains Confront 4-Hour Chart Warnings — What Lies Ahead?
TL;DR Breakdown
- WAXP trades within a tight range of $0.0412 to $0.0479
- WAXP 24-hr chart reveals bullish momentum, backed by 13.81% gain
- Critical support level for WAXP stands at $0.0449
Analyzing the asset through both daily and 4-hour time frames provides a comprehensive view, revealing a coin that has lately favored the bulls but also faces impending tests of its resilience.
Wax (WAXP) price analysis on a daily timeframe: WAXP Positioned for Stable Uptrend, But Overbought Risks Loom
In the latest one-day analysis, the Wax Network Coin (WAXP) has demonstrated significant bullish momentum, clearly favoring buyers. Over the past 48 hours, the presence of two green candles has reinforced the upward price trajectory initiated since September 12. This bullish vigor has manifested strongly in the last 24 hours, during which WAXP/USD experienced a notable gain of up to 13.81%.
Technical indicators further substantiate this optimistic outlook: the Moving Average Convergence Divergence (MACD) is aligned in a manner that also suggests bullish market conditions. Additionally, the Relative Strength Index (RSI) stands at a 55.73, indicating neither overbought or oversold conditions, but rather a stable continuation of the current uptrend. Despite the positive outlook, the RSI also gives an indication of potential increase in demand that could result in overbought conditions and subsequent price dumps.
WAXP Coin price analysis on the 4-hour chart: WAXP Critical Support Level at $0.0449 Under Scrutiny
On the 4-hour chart, the WAXP/USD trading pair has maintained a relatively narrow range between $0.0412 and $0.0479. This suggests a level of stability, yet the potential for volatility exists within this specified range. The MACD line currently sits above the signal line, a commonly bullish indicator. However, this positive outlook may face challenges in the near term.
The Ichimoku cloud, a comprehensive indicator used for gauging market sentiment, foresees a bearish market in the coming days, particularly if the bulls fail to maintain the critical support level at $0.0449.
WAX Price Predictions 2023-2032
Price Prediction by Cryptopolitan
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2023 | 0.054 | 0.057 | 0.063 |
| 2024 | 0.080 | 0.083 | 0.095 |
| 2025 | 0.12 | 0.13 | 0.14 |
| 2026 | 0.17 | 0.18 | 0.22 |
| 2027 | 0.26 | 0.27 | 0.30 |
| 2028 | 0.37 | 0.38 | 0.45 |
| 2029 | 0.51 | 0.52 | 0.63 |
| 2030 | 0.74 | 0.76 | 0.87 |
| 2031 | 1.13 | 1.16 | 1.31 |
| 2032 | 1.60 | 1.65 | 1.95 |
WAXP Price Prediction 2023
In 2023, it is anticipated that the price of WAXP may reach a maximum of $0.063. According to our estimations, the minimum WAXP price for the year could be as low as $0.054, with an average projected price of approximately $0.057.
WAXP Price Prediction 2024
Our WAXP price prediction for 2024 expects the token to attain a maximum price value of $0.095, with an average trading value of approximately $0.16. The minimum price for WAXP in 2024 could be $0.080.
WAXP Price Prediction 2025
In 2025, the price of WAXP is forecasted to trade at a maximum of $0.14. Throughout the year, it is expected that the WAXP price may have a minimum of $0.12, with an average trading price of around $0.13.
WAXP Price Prediction 2026
Based on our Wax price prediction for 2026, WAXP could potentially reach a maximum value of $0.22, with an average trading price of $0.18. The minimum price for WAXP in 2026 is estimated to be $0.17.
WAXP Price Prediction 2027
In 2027, the WAXP price is forecasted to experience a significant surge, with a maximum market price of $0.30. The minimum price for WAXP in 2027 is expected to be $0.26, with an average trading price of $0.27.
WAXP Price Prediction 2028
Our WAXP price forecast for 2028 suggests that the price of WAXP may rise to a maximum of $0.45. The minimum price for WAXP in 2028 is estimated to be $0.38, with an average value of $0.37.
WAXP Price Prediction 2029
Per the WAXP forecast for 2029, the token is expected to trade at a maximum price of $0.63, with an average forecast price of $0.52. The minimum price for WAXP in 2029 is projected to be $0.51.
WAXP Price Prediction 2030
Looking ahead to 2030, it is anticipated that WAXP’s price may trade at a maximum of $0.87. The minimum price for WAXP in 2029 is estimated to be $0.76, with an average projected price of around $0.74.
WAXP Price Prediction 2031
In 2030, it is predicted that the price of one WAXP token could trade at a maximum price of $1.31. The minimum price for WAXP in 2030 is anticipated to be $1.13, with an average price of $1.16.
WAXP Price Prediction 2032
According to our Wax (WAXP) prediction for 2032, the value of WAXP is expected to trade at a maximum of $1.95. The minimum price value for WAXP in 2032 is estimated to be $1.60, with an average price of $1.65.
WAX Price Prediction by CoinCodex
WAX predictions by CoinCodex suggests a slight dip in the short term, with a 5-day prediction at $0.040818 and further decline over one and three months to $0.038462 and $0.038630, respectively. A modest recovery is expected in six months, with a price of $0.039500, but the one-year prediction is marginally lower at $0.039227. The long-term outlook is mixed, as a moderate increase to $0.051162 is predicted for 2025, while a significant drop to $0.019573 is expected by 2030. Overall, their prediction points to short-term bearish sentiment, mid-term stabilization, and long-term uncertainty with a potential for decline.
WAX Price Prediction by Digitalcoinprice
The Digitalcoinprice data suggests a generally optimistic outlook for WAXP, projecting moderate growth in the near term and accelerating gains in the longer term. Prices are expected to move from a range of $0.0395-$0.0974 in 2023 to $0.0951-$0.11 in 2024, indicating sustained growth. A brief period of price stabilization is expected around 2026-2027 with prices between $0.17-$0.20. From 2028 onwards, the model forecasts accelerated growth, reaching up to $0.86 by 2032.
WAX Price Prediction by Wallet Investor
According to Wallet Investor, the price of WAXP could decline to $0.010089. This points to a bearish outlook for WAXP in the near term, indicating that the asset is expected to lose 77% of its value within the next year.
WAX Price Forecasts by Industry Influencers
Lee the Captain highlights the strengths and unique selling points of the WAX blockchain, and underscores the high growth potential of the blockchain gaming and NFT markets, projected to be worth $300 billion and $211 billion by 2030, respectively. Lee suggests that WAX, given its focus on these booming sectors, has a strong chance of its token price increasing significantly in the next bullish cycle, with potential milestones set at $1, $2, and even $3.
Wax (WAXP) Overview
WAX Price History
The Worldwide Asset eXchange (WAXP) token’s journey through the financial markets has been a vivid example of the overall volatility and dynamism that is emblematic of the broader cryptocurrency landscape. Launched towards the close of 2017 through an initial coin offering (ICO), WAXP witnessed an auspicious debut, managing to amass a considerable $68 million in capital. The token reached its zenith shortly after its launch, hitting the $5.01 mark.
However, this euphoria was short-lived, as WAXP became a casualty of the notorious “crypto winter” of 2018, a period marked by a precipitous decline in the value of virtually all cryptocurrencies. The asset’s price hit rock bottom, plunging to an abysmal $0.0692 in August 2018 and then further decline to $0.037 by the end of December.
In 2019, WAXP displayed preliminary indicators of a recovery, although it fell short of revisiting its initial peak values, achieving a notable high of $0.09. Regrettably, the token faced a downward trajectory in the subsequent months, hitting its historical low at $0.015 on December 30th.
The year 2020 saw the burgeoning of decentralized finance (DeFi) tokens. Even though WAXP is not a DeFi token, it managed to indirectly benefit from this overall market optimism, and it demonstrated relative price stability, with a trading value averaging around $0.04. Fast-forward to 2021, WAXP saw its fortunes lift dramatically amidst a significant bull market. The asset experienced a notable appreciation, with its price soaring past the $0.1 threshold for the first time since 2019, even reaching $0.949.
However, 2022 brought with it an undercurrent of instability. The token kicked off the year trading within the range of $0.26 to $0.35. Unfortunately, as the year progressed, the asset experienced another downturn, plummeting below the $0.1 level by mid-June and finally closing the year at a disappointing $0.042. Currently in 2023, WAXP has had a mixed performance. The year commenced with a brief bullish surge, allowing the token to momentarily hit a peak of $0.089. However, this rally was swiftly offset by a bearish market trend, pushing the token’s value down to $0.04 by mid-June. Despite this setback, it’s worth noting that WAXP has rebounded by approximately 14.99% from its June 2023 levels, offering a glimmer of hope for future recovery.
More on WAXP Network
What is Wax (WAXP)?
WAX, standing for Worldwide Asset eXchange, is a decentralized marketplace specializing in the trade of virtual gaming items. Eliminating the need for traditional e-commerce essentials like security measures or payment gateways, WAX facilitates direct and seamless transactions between users via its native cryptocurrency, WAXP. The platform offers a suite of microservices—tools and services that aid developers in building projects on the WAX blockchain.
Utilizing a Delegated Proof of Stake (DPOS) consensus mechanism, WAX ensures swift and efficient transaction processing. One of the standout features of WAX is its focus on ease of use and mass adoption. With the WAX Cloud Wallet, users can log in using social media accounts, thereby removing one of the significant barriers to entry for many people new to the world of blockchain and cryptocurrencies. Moreover, WAX seeks to solve some of the problems that have plagued virtual asset markets, such as high fees, the proliferation of counterfeit virtual items, and the lack of the ability to transfer assets across different games and platforms.
Wax (WAXP) Applications
Several applications exist for the Wax blockchain in general. The platform was designed to introduce more efficiency in crypto transactions, focusing on the e-commerce sector. Today, however, the WAX ecosystem has managed to incorporate several blockchain features that make it unique and solve significant challenges faced by other blockchain ecosystems of its caliber.
The WAX forecast is massively dependent on the current price of Wax as well as its actual utility to cryptocurrency users. The platform allows users to interact with various NFT games that users can play to earn. For instance, Kolobok Adventures and Alien World are some of the games that allow access to their decentralized applications (DApps) and NFT marketplace through the Wax blockchain.
Wax boasts of a robust network of smart contracts that automate several transactions within the ecosystem. It is also renowned for its famous Wax lab, which oversees the voting process within the ecosystem to approve or disapprove projects. The blockchain boasts faster transaction speeds that allow several transactions per second within the blockchain network, unlike the Ethereum blockchain. Additionally, the platform charges affordable gas fees, which are incredibly below the benchmark for other blockchain projects.
Conclusion
According to the developers, WAX offers a number of essential features that set it apart from other products. The WAXP token will be a successful investment for a number of factors, including the sizable WAXP community, solid foundations, and synergies with other enterprises.
The WAX platform is making headlines with better mass adoption than GMT and other top-ranking gaming cryptocurrencies. The coin is one of the most undervalued in the gaming space and has the potential to surge in the next bull run. WAX also claims that by using a Delegated Proof-of-Stake (DPoS) consensus mechanism, its platform is 125,000 times more energy-efficient than Ethereum 1.0 and Bitcoin. To further establish itself as an energy-conscious enterprise, the crypto has announced plans to release “carbon offset vIRL NFTs.” Collectors can have trees planted for every dollar spent, it says.
The Wax ecosystem has continued to hit new milestones in terms of developments and collaborations. These achievements are expected to spur the value proposition of the network, accelerate mainstream adoption, and positively affect the market valuation of its native token. The predictions provide a mixed outlook for the token, which aligns with the nature of the crypto market.
In case you find the WAXP coin to be an interesting asset worthy of investment, remember to do so with caution.
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