This WazirX (WRX) price prediction article is purely based on the opinion of CNL alone. In this article, you will see and learn the analysis we have considered in this WRX price prediction.
The crypto market is slowly but surely regaining its composure from its bearish dip in the past months. In fact, the whole market cap of the whole crypto space amounts to over $2.4 trillion with a 24-hour growth rate of almost +1%.
The current marker surge of Bitcoin is one factor to consider in the recent surge of the crypto market. However, we all know that Bitcoin can’t do this alone, it needs the help of other digital assets in the crypto space.
WazirX (WRX) is one of the virtual assets in the crypto space that can be considered a contributor to the market’s bullish trend today. Furthermore, that crypto successfully recorded a growth rate of almost +1300% in the past 12 months. Indeed, this kind of aggressive position attracts the attention of investors around the world.
Do you think WRX is a good investment and has the potential to surge higher before this year ends? Therefore, what are you waiting for? Join me in this WRX price prediction article to know the future of WRX. But, before that, let us first see the technology behind the WRX crypto.
Overview (At the time of writing)
What is WazirX (WRX)
WazirX (WRX) is one of the largest crypto exchanges in India. In detail, the exchange enables its users to buy, sell and trade major crypto assets such as BTC, ETH and XRP to name some. The exchange promotes the user-friendly interface of the platform that allows users to access the platform seamlessly.
The WazirX exchange has its own crypto called WRX, the network fully backs this crypto. One of its primary functions is that the token serves as a reward to all the participants of the WazirX community. In this way, the exchange can attract more new joiners that can contribute to the growth of the WazirX ecosystem.
WazirX (WRX) Market Position
At the time of writing, WazirX is one of the top 150 crypto assets in CoinGecko in terms of market cap. To be exact, the market cap of WazirX amounts to almost over $500 million. Also, the crypto has an estimated 24-hour trading volume of almost $13 million. Truly, this position of the WazirX can be considered one of the decent positions in the crypto space.
However, we all know that the crypto space is prone to wild market volatility. Therefore, we can say that the current price position of WazirX can change anytime. It can be high or low, but one thing is for sure, if the bullish market continues to favor WazirX, WRX can surge even more.
WazirX (WRX) Price Prediction 2021
The graph above shows the performance of the WRX in the past month. Specifically, one of the highlights of WRX is when it was able to surge its price so high that it almost reached $7 from its bearish price of $.11 in April. Furthermore, this bullish pump of the crypto recorded a growth rate of over +6000%. Yes, you see it right, +6000%, an amazing rate that could really attract the attention of investors worldwide.
However, due to market volatility, which is common in the crypto world, the price of WRX plummeted. To be specific, the price of WRX nosedived from $6 to $.11. Indeed, this event shocked the whole community of the crypto world, mostly its investors. But, as mentioned above, this kind of scenario is not new in the crypto world; volatility is already part of its ecosystem.
At the time of writing, the crypto trades at a decent price of $1.26 with an 18-day growth rate. Best of all, this uptrend position of the crypto was able to record a growth rate of over +1000% from its low trading price of $.11. Honestly, this is an amazing performance made by the WRX crypto.
If this bullish trend of WRX keeps on, WRX may have the chance to break its $1.76 resistance level and head straight to $2.86. Of course, this will all be possible if the bullish market remains in favor of the crypto.
What’s more, if the crypto will be able to do it’s +6000% all-mighty pump once again, the crypto may once again take its throne. In other words, the crypto may be able to reach the skyrocketing price of $10 and beyond. But of course, this will all come into reality if the network continues to attract more investors in and out the crypto market.
RSI Indicator (Source: TradingView)
Meanwhile, the Relative Strength Index (RSI) of the crypto remains to be in a neutral state. In short, WRX is neither oversold or overbought. This means that traders can continue trading without worrying about any major price reversal. On the other hand, it is wise that traders stick to the rules of the indicator that they are using. Through this, traders can have a solid strategy on how to deal with the wild swing of the crypto market.
WazirX continues to be one of the potential digital assets in the crypto space. Therefore, the conclusion for the WRX price prediction in 2021 amounts to $10. However, this forecast still depends on how the market will treat WRX in the next month of the year.
Aside from our WRX price prediction 2021, we will also share some of the forecasts other crypto analysis platforms make.
Market Prediction for WazirX (WRX) Price 2021
Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2021 forecast of Digitalcoin for WRX amounts to $1.77.
TradingBeasts is one of the crypto networks that based its prediction and analysis using historical data with the combination of linear and polynomial regressions. As a result, the price forecast of TradingBeasts for WRX price prediction 2021 will reach the price of $1.671.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for WRX amounts to $4.74.
Market Prediction for WazirX (WRX) Price 2022, 2023, 2024 and 2025
WazirX (WRX) price prediction 2022 is up to $2.39 USD (estimated)
WazirX (WRX) price prediction 2023 is up to $2.81 USD (estimated)
WazirX (WRX) price prediction 2024 is up to $4.01 USD (estimated)
WazirX (WRX) price prediction 2025 is up to $4.07 USD (estimated)
Based on the performance recorded by the crypto in the past months, we can say that WRX is a potential crypto and a good investment. However, we still advice you to do your own research before getting involved in crypto trading.
The price of WRX depends on the market demand. Specifically, the more investors that would invest in crypto, the greater the chance of WRX going higher.
The price downtrend of WRX depends on many factors. One of them is the massive dumping of WRX by the users.
The WRX crypto is just like other cryptos that can be bought in various crypto exchanges. For instance, the Binance exchange, one of the famous crypto exchanges that support WRX crypto.
Yes, WRX is a crypto that uses blockchain technology. Also, the crypto can be traded in different exchanges in the crypto world.
Disclaimer: The technical analysis expressed in this article does not necessarily reflect the views of CryptoNewsLand (CNL). Readers of this article should not take this as financial advice. CNL strongly recommends that all users do their own in-depth research before investing in cryptocurrency.
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