The Wax project was launched quite recently. Blockchain was created to simplify, optimize and increase the security of business processes in e-commerce. The platform is based on the first-level blockchain and is already known as one of the most convenient NFT exchanges.
What is Wax (WAXP)?
The Wax blockchain uses its own modification of the PoS consensus algorithm, namely the Proof of Stake (dPoS) delegated consensus algorithm. The current Wax ecosystem includes crypto markets, cloud wallets, blockchain games, and decentralized exchange platforms. Perhaps in the future, it will be possible to exchange SKY to FAIR in the system, but so far the capabilities of the platforms are limited.
The WAX ecosystem uses the native WAXP token. This token is for staking and paying rewards. In addition, token holders receive the right to vote and can take part in the management of the platform. WAXP provides the ability to tokenize and exchange virtual goods.
Historical price data for WAX
Blockchain was launched at the end of 2017. In the first days after the launch, the highest price of the coin was recorded for the entire period of its existence. It was 5.01 US dollars per coin. The crypto winter of 2018 was a challenging time for WAXP. In mid-January 2018, the token was worth less than $1, and at the end of December 2019, the price hit an all-time low of $0.01596 per coin.
During 2021, the coin added in price against the background of the general growth of the cryptocurrency market but did not overcome the dollar barrier. At the time of writing, WAXP is trading at $0.087 and is ranked #154 in cryptocurrencies by market cap. Experts are quite optimistic and believe that WAX has a chance to enter the top 100 world cryptocurrencies in the foreseeable future.
WAX Price Prediction
Throughout 2022, the price of WAX has followed general market trends. For several months now, sideways movement in a narrow range has been going on, and the possibility of a breakdown of the support level is still not completely excluded.
WAX Price Prediction 2022
Experts assess the prospects of the coin quite optimistically. It is expected that in the last months of 2022, the price could reach $0.099 per coin and possibly stabilize at an average level of around $0.095.
At the same time, there is an opposite opinion in the Investor’s Wallet. In the event of a breakdown of the support line, the price may fall sharply to a new all-time low. This scenario is considered the worst case for the project.
WAX 2023 Price Prediction
The implementation of the optimistic scenario will open up new targets. With a favorable development of events, the price of the coin can reach $0.16. The expected average annual value is about $0.14. DigitalCoinPrice gives a more optimistic forecast. Experts consider a possible price of $0.2 per coin.
Price Prediction WAX 2024
The continuation of the trend toward the gradual growth of the cryptocurrency market suggests that in 2024 the value of WAX may reach $0.23. It is possible that the year will be very eventful, but extreme price movements cannot be predicted in principle.
Price Prediction WAX 2025
The highest possible WAX achievement in 2025 is estimated to be around $0.33 per coin, with an average price of around $0.28. DigitalCoinPrice has a slightly different opinion, expecting a higher growth rate from the asset, to $0.37. The Investor’s Wallet is more pessimistic and does not rule out new price lows around $0.001 and the gradual extinction of the project.
WAX Price Prediction 2026-2030
Four years is a huge time for a young market. During this time, new technologies may appear and very important events may occur that will radically change the situation. If optimistic expectations regarding WAX are justified and the project firmly takes its specific niche, the upward trend in price will continue. Perhaps by the end of the decade, the price will exceed the dollar barrier. But whether it would be a justified decision to convert TLM to WAX is hard to say.
Is WAX a good investment?
The coin is available for purchase on many top exchanges, but experts doubt its potential profitability. However, if the result of your own research looks attractive and convincing enough, you can include WAX in your investment portfolio. Since this coin is a particularly high-risk asset in terms of the totality of its characteristics, it is not worth investing all the funds in it.