Digital transformation is more pervasive than it has ever been earlier. These transformations contribute to significant shifts in how people manage their finances. The growing prevalence of cryptocurrencies is one of the most noteworthy of such modifications.
What started with just one crypto token called Bitcoin has now grown into a huge market with thousands of cryptos traded daily. With so many options available in the market, it is anything but easy to find the right crypto for investing. But referring to educated price predictions can always make this decision easier.
So this article will look at the price prediction for WazirX or WRX to help you better understand what’s in store for its future. So continue reading to learn more about the WazirX (WRX) token.
WazirX (WRX) Token At a Glance
| Project Name | WazirX |
| Crypto Symbol | WRX |
| WRX Market Cap | $78,560,976.64 |
| Circulating Supply | 381,856,872 WRX |
| Total Supply | 962,646,669 WRX |
| Current Price (As of October 1st week) | $0.2066 |
| All-time High Rate | $5.94 |
WazirX (WRX) Token: Overview
Founded in 2018, WazirX is a brainchild of three tech enthusiasts from India, Sameer Mhatre, Nischal Shetty, and Siddhart Menon. The rising demand and growing popularity of cryptocurrencies among the Indian consensus was one of the primary reasons the trio decided to create WazirX (WRX) tokens.
Following this launch, WazirX has benefited from extensive growth. The exchange has grown 12 times, becoming the country’s most prominent digital currency exchange. Besides that, WazirX is also the country’s very first billion-dollar crypto unicorn.
It all started in 2017 when Nischal decided to create a blockchain ecosystem, hence the first crypto exchange in India. This was a much-appreciated move among crypto enthusiasts, as Indians still had to rely on foreign exchanges to reap the benefits of crypto. Having an Indian crypto exchange meant more reliability and trust among people.
However, the founders soon ran into trouble with the Reserve Bank of India imposing a ban on all crypto-related transactions. The counter to this ban came as a change in the existing business model where the was now acting as a third-party custodian between traders.
Binance later acquired WazirX in November 2019, intending to make its debut in the Indian market. But this never ended the debate regarding crypto among Indian lawmakers, and Shetty soon had to team up with like-minded people to engage with the Indian finance lawmakers.
Despite all the challenges, WazirX continued to tread on the upward trajectory, becoming the first NFT marketplace in the South East Asian region.
Besides that, WazirX also has its native token called the WRX token. These tokens have been performing relatively well in this highly competitive crypto environment. But that does not mean you should buy WazirX (WRX) tokens without thorough research.
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Fundamental Value Of The WazirX (WRX) Token
With a better understanding of the WazirX ecosystem, it is time to dive into the nuances concerning the WazirX (WRX) token. Of course, 2022 has been a challenging year for the crypto market, and WazirX (WRX) token is no exception.
There is so much going on in the world, which consequently has a direct or indirect impact on the crypto market. So let’s first check out the current position of the WazirX (WRX) token in the market.
The WazirX (WRX) token currently holds a valuation of $0.2066 as of October 2022. The token has a huge 24-hour trading volume of $1,943,532.38, which has increased by 94.13% in the past 24 hours.
Besides that, the current market cap of the WazirX (WRX) token stands at $78,560,976.64, along with a diluted market cap of $198,049,237.70. The good news here is that the value of the WazirX (WRX) token has increased by 3.45% in the last 24 hours. So now, let’s check out the fundamental value of the WazirX (WRX) token.
Investing In The Smart Token Fund
The crypto industry is all about innovation, and the WazirX (WRX) token makes this possible for many. Every WazirX (WRX) token holder can invest their token in the Smart Token Fund to find expert traders. These traders then help budding investors manage their portfolios and drive better results.
Seamless Trading
As in the case of almost any other crypto token available in the market, you can use your WazirX (WRX) tokens for crypto trading. You can buy and sell other cryptos in exchange for your WazirX (WRX) tokens. As a result, generating appealing returns with a nuanced understanding of the market becomes much more manageable.
Avail Of Discounts
Almost every crypto trading platform in the market rewards its token holders in one or the other. WazirX is no exception, as holding a certain amount of WazirX (WRX) tokens can give you access to several benefits. These benefits include discounts on trading fees, margin fees, WRX trade mining, and more.
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WazirX (WRX) Token Price History And Overview
Following the designing-related issues of the WazirX platform in 2018, the utility token went live with its offerings for the market in 2019. This was followed by the launch of the mainnet in 2020, along with the launch of several of its different products. It did not take long before the prices of the WazirX (WRX) token began to grow.
The utility token initially claimed the price of $0.066. But this was a short-lived joy, with the price of the token falling to a low of $0.00584. The prices remained more or less unchanged throughout the year in 2019.
Then came 2020, while the project was still at a nascent stage, lacking any significant upgrades to gain popularity among the masses. Besides that, this was also the period when the Covid pandemic began to take the world in its grip, further impacting the performance of the crypto. As a result, the token hovered with a sense of volatility in the air, with its prices ranging between $0.009 to $0.015 throughout 2020.
The start of 2021 had little significant development for the WazirX (WRX) token, with its prices remaining more or less stagnant at $0.07. Nonetheless, the prices swung from $0.6 to $0.11 in the year’s first month.
But the prices of the WazirX (WRX) token soon skyrocketed, breaching a new record by reaching a valuation of $0.1 as a daily high in February 2021. Following this spike, many investors began gaining new interest in the WazirX (WRX) token, which helped it perform better in the coming months.
WazirX (WRX) token broke the $1 mark for the first time in April of the same year. This was further followed by a relatively bullish trend where the prices ranged between $1 to $2 throughout the year.
But good things do not last forever, and the WazirX (WRX) token’s prices soon plummeted following the Chinese crypto market crash in May 2021. This resulted in the token reaching a very low valuation of $0.8847. Evidently, this resulted in further sales offs, leaving the token in a more severe loss.
Fortunately, the value of the WazirX (WRX) token soon began to rise throughout the remaining months of the year. But with tapered interest rates all credits to the US Fed, the token again started to lose its valuation.
This was followed by 2022, which could have brought more good news for the crypto market. Things went fine in January of 2022, but Russia’s invasion of Ukraine soon resulted in extensive losses. However, the WazirX (WRX) token has had enough time to recover, and unsurprisingly the token has benefited from a bullish trend again.
This brings us to October 2022, when the token performs better than it did earlier. The WazirX (WRX) token currently holds a valuation of $0.2066 as of October 2022. In addition, the token has a huge 24-hour trading volume of $1,943,532.38, which has increased by 94.13% in the past 24 hours.
Besides, the current market cap of the WazirX (WRX) token stands at $78,560,976.64, along with a diluted market cap of $198,049,237.70. The good news here is that the value of the WazirX (WRX) token has increased by 3.45% in the last 24 hours.
Price Forecast Of The WazirX (WRX) Token
Analyzing a crypto investment’s feasibility means understanding its past and future. With that said, you now have a better idea of the past performance of the WazirX (WRX) token, but more than that, information is needed to help you make the right investment decision.
So this section will give you a peek into the technical and fundamental analysis of the WazirX (WRX) token. But before that, let’s first peek into the current state of the WazirX (WRX) token in the market.
The WazirX (WRX) token currently holds a valuation of $0.2066 as of October 2022. The token has a huge 24-hour trading volume of $1,943,532.38, which has increased by 94.13% in the past 24 hours.
The current market cap of the WazirX (WRX) token stands at $78,560,976.64, along with a diluted market cap of $198,049,237.70. The good news here is that the value of the WazirX (WRX) token has increased by 3.45% in the last 24 hours.
Technical Analysis
The WazirX (WRX) token operates on the Binance Smart Chain (BSC) network, which affirms the reliability of the blockchain asset. Of course, the token has experienced many ups and downs, but it has always recovered quickly. This was evident when the WazirX (WRX) token experienced many downfalls, but the token’s prices always stayed strong.
After dealing with all the challenges, the WazirX (WRX) token currently holds a valuation of $0.2066 as of October 2022. In addition, the token has a huge 24-hour trading volume of $1,943,532.38, which has increased by 94.13% in the past 24 hours. Besides that, the current market cap of the WazirX (WRX) token stands at $78,560,976.64, along with a diluted market cap of $198,049,237.70. The good news here is that the value of the WazirX (WRX) token has increased by 3.45% in the last 24 hours.
Fundamental Analysis
High volatility and crypto investments go hand in hand. As a result, it becomes rather challenging to determine the future performance of any crypto token and base your investment decisions accordingly. This is where fundamental analysis can be a handy tool to help one get a better insight into the future of a token.
There is good news for people looking to invest in the After all the challenges as it comes with highly robust fundamentals. Being the first and also the largest crypto trading exchange in the market, the WazirX platform is here to make a significant change. This is also why the token has managed to sail through all the storms in the sea of cryptocurrencies. Hence it is safe to claim that there is no doubt about the fundamentals of the After all the challenges.
Note: It is no secret that the crypto market is highly volatile, and even the most competent experts can often make mistakes. But relying on the analysis from experts alone is only sometimes advisable for investors and traders.
You must conduct your research and due diligence to understand the market better and base your investment decisions accordingly. This will also help you make better and more informed investment decisions and drive better results.
Once you are done with that, you can refer to the information furnished on those mentioned above technical and fundamental analysis of the WazirX (WRX) token. Then, you can dive into the following section that dives into further granular details and help you make the right decision. So continue reading to get a peek into the year-wise price predictions of the WazirX (WRX) token.
WazirX Token Price Prediction 2022-30
WazirX Token Price Prediction For 2022 | Potential ROI: 32%
The crypto market has been down in the slumps since the very start of 2022. Things worsened further in February following Russia’s invasion of Ukraine, leaving a drastic and lasting impact on the global economy. Even the WazirX (WRX) token has suffered the consequences of these events resulting in a downfall in its valuation.
The WazirX (WRX) token currently holds a valuation of $0.2066 as of October 2022. The token has a huge 24-hour trading volume of $1,943,532.38, which has increased by 94.13% in the past 24 hours. Besides that, the current market cap of the WazirX (WRX) token stands at $78,560,976.64, along with a diluted market cap of $198,049,237.70. The good news here is that the value of the WazirX (WRX) token has increased by 3.45% in the last 24 hours.
As for the remainder of 2022, experts from TradingBeast are expecting the prices to reach $0.293019. Likewise, experts from PricePrediction.net suggest an upward growth to take the token’s value to $0.3519 by the end of 2022. But WalletInvestor’s experts have a pessimistic view predicting a downfall taking the token’s price to $0.17181.
WazirX Token Price Prediction For 2023 | Potential ROI: 44%
Most experts predict that 2023 will be an even better year for the WazirX (WRX) token. Experts from PricePrediction.net suggest the prices will reach $0.36225 by the end of 2023. Then there are experts from WalletInvestor who suggest growth will take the token’s prices to $0.218199. Finally, there are experts from TradingBeast who predict positive growth, taking the token’s price to $0.313553 by the end of 2023.
WazirX Token Price Prediction For 2024 | Potential ROI: 3%
2024 might not be the charm for the prices of WazirX (WRX) tokens. Experts from PricePrediction.net are expecting a downfall to take the token’s prices to a low of $0.04761. Experts from WalletIOnvestor share a similar view with their predictions suggesting the prices will remain at around $0.165831. But experts from TradingBeast are sticking with their optimistic view suggesting the prices will reach $0.42664 by the end of 2024.
WazirX Token Price Prediction For 2025 | Potential ROI: 18%
Most experts agree that 2025 will be a poor year for the WazirX (WRX) token. Experts from PricePrediction.net suggest the prices will further plummet and reach a low of $0.03105. Experts from WalletInvestor agree with this negative prediction with them, citing the prices will plummet further down to $0.189047. On the contrary, experts from TradingBeast seem optimistic with their predictions citing a price of $0.512634 by the end of 2025.
WazirX Token Price Prediction For 2030 | Potential ROI: -47%
The long-term future of the WazirX (WRX) token could look better from the lenses of the 2022 crypto market. However, most experts are pessimistic about the future, with experts from PricePrediction.net suggesting the prices will fall to $0.13869. Then comes experts from TradingBeast, who suggest the prices will fall to $0.102527 by the end of this decade. Finally, experts from WalletInvestor are persistent with their pessimistic view suggesting the prices will fall to $0.090743.
As you can see, different experts have different views about the future performance of the WazirX (WRX) token. But making sense of these figures is always challenging as they can confuse everyone. So here is a table to present this information more comprehensively.
| Method | 2022 | 2023 | 2024 | 2025 | 2030 |
|---|---|---|---|---|---|
| Expected Price | $0.3519 | $0.36225 | $0.04761 | $0.03105 | $0.13869 |
| Potential ROI | 32% | 44% | 3% | 18% | -47% |
| Type Of Run | Bullish | Bullish | Bearish | Bullish | Bearish |
| Singal | Buy | Buy | Buy | Sell | Sell |
Working Principle Of WazirX P2P?
The WazirX P2P has been gaining widespread popularity among investors in recent times. One of the primary reasons fueling this popularity is the simple working principle of the WazirX P2P. The steps to use this goes as follows:
Step 1: Buyers place a USDT purchase order, and the system instantly matches them with a seller.
Step 2: Buyers will pay the seller directly on their bank accounts
Step 3: Both sellers and buyers authenticate the payment, respectively
Step 4: WazirX swoops into the picture to confirm the execution of the escrowed USDT to the buyer’s wallet.
Is It Worth Investing In The WazirX (WRX) Token?
WazirX (WRX) token has been one of the most performant cryptos of its kind. Moreover, being the first Indian cryptocurrency WazirX (WRX) token has earned reliability from many people. But one has to keep in mind that these factors have little impact on the performance of crypto.
The crypto market is highly volatile, and determining if crypto is worth investing in is always challenging. The best way to find a solution to this issue is to conduct your research and due diligence to get a better idea. Besides that, you must also evaluate all your circumstances to make the right investment decision.
Final Thoughts
Crypto investments are risky but so are almost every other type of investment. The main reason behind this is the variables that can instantly alter the market’s sentiment. But as a trader or investor, you must evaluate these risk factors and decide if they are worth it. This will help you make better investment decisions to drive better revenue generation.
WazirX (WRX) token is undoubtedly an excellent crypto token, but one has to keep in mind the volatile nature of the crypto market. While the token has survived many ups and downs, most experts are pessimistic about its future. So make sure you research and refer to the forecasts and predictions mentioned above to make the right decision.
FAQs
Q1. Will the WazirX (WRX) token soon breach the $1 mark?
It is always challenging to predict the future price of a crypto token. But given most of the price predictions from experts in the field, something other than WazirX (WRX) token is breaching the $1 mark sometime soon.
Q2. Will WazirX (WRX) token price go up in the long run?
The price of a cryptocurrency can change based on several different factors. Hence, even experts have diverse opinions about the future price of WazirX (WRX) tokens. But given most predictions, chances are low that this token’s price will increase in the long run.
Q3. What is the all-time high price of the WazirX (WRX) token?
The WazirX (WRX) token performed relatively well in the past year. However, 2021 was also when the token reached its all-time high valuation of $5.94 on the 5th of April 2021.