In this article, we aim to provide an in-depth and comprehensive price prediction for WAX (WAXP), a blockchain-based digital marketplace for virtual goods.
Our objective is to offer you a well-rounded perspective on the potential future value of WAXP, aiding in your investment decision-making process.
Our prediction will be based on a detailed analysis of various factors including market trends, technological advancements, and the broader cryptocurrency market’s health.
We will leverage data from reliable sources and conduct a thorough examination of the historical price movements of WAXP.
For instance, we will consider the impact of upcoming developments in the WAX project, investor sentiment, and the overall demand for decentralized applications.
By considering these factors, we aim to provide a well-reasoned and balanced price prediction for WAXP.
WAX (WAXP) Fundamental Analysis
| Project Name | WAX |
| Symbol | WAXP |
| Current Price | $ 0.052962 |
| Price Change (24h) | 0.56% |
| Market Cap | $ 189.05 M |
| Volume (24h) | $ 44,342,097 |
| Current Supply | 3,569,584,460 |
WAX (WAXP) is currently trading at $ 0.052962 and has a market capitalization of $ 189.05 M.
Over the last 24 hours, the price of WAX has changed by 0.56%, positioning it 310 in the ranking among all cryptocurrencies with a daily volume of $ 44,342,097.
WAX (WAXP) Long-Term Price Prediction
| Year | Lowest Price | Average Price | Highest Price |
|---|---|---|---|
| 2025 | $1.32 | $1.85 | $2.5 |
| 2026 | $2.25 | $2.95 | $3.6 |
| 2027 | $1.89 | $2.31 | $2.84 |
| 2028 | $1.35 | $1.89 | $2.32 |
| 2029 | $2.68 | $3.21 | $3.75 |
| 2030 | $3.68 | $4.21 | $5.02 |
WAX Price Prediction 2025
The table predicts a bullish run for WAX in 2025.
The predicted surge can be attributed to the increased integration of blockchain technology across various industries, regulatory acceptance, and the overall growth of the crypto market.
The lowest price is expected to be $1.32, and based on market trends and growth predictions, WAX could reach its highest at $2.5.
WAX Price Prediction 2026
In 2026, WAX will continue to thrive, reaching a potential high of $3.6.
The increase can be linked to the continued adoption and expansion of decentralized gaming applications built on WAX.
The predicted average price for WAX in 2026 is $2.95, with a possible low at $2.25.
WAX Price Prediction 2027
Despite the fact that 2027 is a correction year, WAX is expected to maintain decent performance levels with an average price of $2.31 and a possible high of $2.84.
The lowest price is predicted to be around $1.89. The decrease in price might be due to market volatility and temporary investor skepticism.
WAX Price Prediction 2028
The year 2028 will be another correction year, with WAX likely reaching a low of $1.35.
However, the coin might see an average price of $1.89 and potentially rise to a high of $2.32.
This will mainly be due to the settling of the markets and recovery from a bearish trend.
WAX Price Prediction 2029
WAX, moving into the latter part of the decade, is expected to experience high growth levels.
The prediction for 2029 stands at $3.21 for the average price and $3.75 for the highest price level.
The lowest price could settle around $2.68.
This increase can be ascribed to the broader use of digitized assets and NFTs.
WAX Price Prediction 2030
The WAX coin is predicted to take another leap in 2030, reaching a potential high of $5.02.
The coin’s lowest price estimate is $3.68, with an average price of $4.21.
The growth might come from more robust frameworks being established for blockchain-based games and NFT markets, driving the prices upwards.
WAX (WAXP) Technical Analysis
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Technical Analysis refers to the study of past market data, mainly price and volume, to forecast future price trends.
When predicting WAX price, Technical Analysis is critical because it allows you to make informed predictions based on historical trends and patterns, rather than relying solely on speculation or gut feeling.
- Moving Averages: This indicator calculates the average price of WAX over a specified period of time, which helps identify overall trends. It’s useful for smoothing out short-term fluctuations and highlighting long-term trends.
- Relative Strength Index (RSI): RSI compares the magnitude of recent gains to recent losses in an attempt to discern if a particular asset (WAX, in this case) is being oversold or overbought. This can help predict when a price reversal may occur.
- Bollinger Bands: These bands consist of a middle band (simple moving average) with two outer bands. The width of these bands offers a relative definition of high and low and when the price touches the outer bands, it may indicate that a reversal is likely.
WAX Price Predictions FAQs
What is WAX?
WAX, or Worldwide Asset eXchange, is a blockchain-based platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. WAX is developed by the founders of OPSkins, the leading marketplace for online video game assets, and is designed to serve the 400+ million online players who already buy, sell and trade these assets.
What factors can affect the price of WAX?
The price of WAX can be influenced by several factors. These include developments in the blockchain and gaming industry, the overall market sentiment, the utility of WAX Tokens, and the regulations affecting cryptocurrencies in general.
What is the future price of WAX?
It’s challenging to predict the exact future price of WAX due to the volatile nature of cryptocurrency markets. However, analyzing past trends, market sentiment, and advancements in the platform can offer some indicators. Always remember to do your research and consult with a financial advisor before making any investment decision.
