Currently, WAXP is retracing recent gains, mainly attributed to a rise that started on the Korean exchange Upbit. Korean traders led more than 70% of total trades 24 hours ago, known for their pump-and-dump strategies. The withdrawal of the WAXP price is linked to the decline in trading volumes on Upbit, with Korean operators now representing less than 60% of total trades. However, this decrease in Upbit’s dominance is expected to be beneficial to WAXP.
Higher buyer participation on more exchanges is expected to contribute to a more stable upward trajectory in the WAXP
price.
Influencer Pricing Objectives
UTC: March 28, 2024 — 12:16 PM
WAXP Price Prediction
- WAXP Price Prediction for the next 24 hours: between $0.0960 and $0.1000
- WAXP Price Prediction this week: between $0.0828 and $0.118
WAX Price Prediction 2024-2030
- WAXP 2024 Price Prediction: $0.207
- WAXP 2025 Price Prediction: $0.252
- WAXP 2026 Price Prediction: $0.323
- WAXP 2027 Price Prediction: $0.412
- WAXP 2028 Price Prediction: $0.502
- WAXP 2029 Price Prediction: $0.690
- WAXP Price Prediction 2030: $0.967 Long-term forecasts tend to be unreliable.
WAX Price Prediction: Is WAX a Good Investment?
WAX is a blockchain platform built for e-commerce, NFTs, games, virtual worlds, and collections. It’s environmentally friendly and allows creators to easily create and distribute NFTs globally. WAX uses a system called Delegated Proof of Stake (DPoS), where token holders vote for the validators of new blocks. You can also delegate your tokens to others, giving them the power to validate transactions. This makes the process more democratic, with voting power based on the number of tokens you hold. DPoS guarantees a quick validation of transactions, with the consent reached in a few seconds. This allows participants to earn in-game rewards. WAX is environmentally conscious, using a fraction of the energy compared to platforms like Ethereum and Bitcoin. It’s also carbon-neutral
.
WAX’s VirL NFTs, which are virtual versions of real items, can be bought, sold, or traded and are only redeemed for physical items once. The WAX Platform helps businesses and entrepreneurs to profit from the thriving global market for digital goods. This market is growing rapidly as more people are spending their time and focusing on online entertainment such as video games, social media, movies, music, and digital books
.
The WAX token model is designed to foster the growth of the WAX ecosystem through staking, rewards, and voting activities. WAX Staking Rewards serve as a crucial component, encouraging community participation in guild selection and blockchain improvements. Token holders can put their WAX tokens on the line, ensuring their active involvement in the ecosystem. By connecting a compatible wallet, WAX Genesis Protocol Token holders in a WAX Blockchain account can cast their vote for up to 30 WAX Guilds. The strength of their vote is determined by the number of WAX tokens they have put into play. In addition, those who stake their tokens and participate in the voting process are eligible to receive additional WAX tokens, called WAX Staking Rewards, directly from the WAX blockchain
.
