WAX (WAXP) is a blockchain created specifically to facilitate transactions and trade in virtual goods, such as non-fungible tokens (NFT). WAX aims to be the leading platform for the creation and exchange of NFTs in the video games, digital art, collecting and other fields. The WAXP token is the native token of the WAX blockchain, which allows its holders to participate in the governance of the protocol, to access WAX-based services and applications, and to benefit from incentives and
rewards.
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When will it reach 1 dollar?
WAX already reached the value of 1 dollar in December 2017, shortly after its launch. Since then, WAXP’s price has fluctuated several times, averaging around $0.05. At the time of writing, the price of WAXP is around $0.06. It is not possible to predict with certainty when WAX will reach 1 dollar again, as its price depends on various factors, such as supply and demand, market conditions, news and events related to the protocol and the cryptocurrency sector. However, we can make some assumptions based on historical trends and forecasts from some experts and websites. According to these, WAX could reach 1 dollar by the end of 2025 or the beginning of 2026, if it continues to grow at the current rate and if there are no negative shocks.
When will it reach 10 dollars?
To reach 10 dollars, WAX would have to increase its price by more than 16,000% compared to its current value. This is a very ambitious goal, which would require a strong expansion of the protocol, greater adoption and use by users, greater innovation and competitiveness in the NFT sector, and regulation favorable to cryptocurrencies. Some sources believe that WAX could reach 10 dollars by 2030, while others are more cautious or skeptical
.
When will it reach 100 dollars?
To reach 100 dollars, WAX would have to increase its price by more than 160,000% compared to its current value. This is an almost unrealistic goal, which would require a revolution in the world of cryptocurrencies and an exponential growth of the WAX protocol. At the moment, no source predicts that WAX could reach 100 dollars in the foreseeable future
.
When will it reach 1000 dollars?
To reach 1000 dollars, WAX would have to increase its price by more than 1,600,000% compared to its current value. This is a practically impossible goal, which would require a radical transformation of the cryptocurrency market and technology. At the moment, no source predicts that WAX could reach 1000 dollars in the near or distant future.
Is it considered a good investment?
WAX is considered by many to be a good investment, as it is one of the most innovative and promising protocols in the NFT sector, with a high potential for growth and value generation. However, as with any cryptocurrency investment, there are also risks and challenges, such as volatility, competition, security, regulation, and uncertainty. Therefore, before investing in WAX, it is advisable to do extensive research, evaluate your objectives and risk tolerance, and diversify your portfolio
.
Price forecasts from 2024 to 2030
Here is a table that summarizes WAX’s price forecasts for the coming years, according to some sources:
| Anno | Minimum price | Average price | Maximum price |
|---|---|---|---|
| 2024 | $0.10 | $0.15 | $0.20 |
| 2025 | $0.15 | $0.25 | $0.35 |
| 2026 | $0.25 | $0.40 | $0.60 |
| 2027 | $0.40 | $0.65 | $0.90 |
| 2028 | $0.60 | $0.95 | $1.30 |
| 2029 | $0.90 | $1.40 | $2.00 |
| 2030 | $1.30 | $2.00 | $3.00 |
