WEMIX Price Forecast: It is 53.95 times lower than its all-time highest price, leaving huge room for its growth in the near future.
Wemix Price Prediction: What are Wemix tokens for?
Wemix has a total supply of 1 billion and 74% of its sales are made only through the Wemix ecosystem. Only 10% of the coins will be distributed via private sales.
Below are the four main use cases of Wemix:
- WEMIX tokens are a medium of exchange for all the different activities on the Wemix platform.
- WEMIX tokens are used to exchange game chips of various other games and vice versa.
- Users can use WEMIX to purchase in-game resources.
- those developers who are about to complete their games, i.e. developers can sell tokens of their games for WEMIX and raise funds to develop the game.
WEMIX coins can be used to raise funds for
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Wemix Price Forecast
The current market price of Wemix is $0.45 and has decreased by more than 75% in just 24 hours. Attached is his one-day chart:
Before predicting whether WEMIX should go up or down in the near future, let’s take an overview of its price history in recent months. Its performance in recent months can help us achieve the required context for the future. Let’s discuss:
Above is the chart of WEMIX for 1 year and as we can see that the market price of Wemix, a year ago was $ 18.8. So, there is a 41.7-fold drop in the price of WEMIX in a year. In addition, there are numerous ups and downs that claim that the decline has not been consistent.
The chart above shows that the price of the coin has been falling for 3 months, that is, three months ago, it was priced at $2.07 and has suffered a 46-fold drop. But he faced a sudden decline only yesterday.
The question here is why is the price of Wemix falling so rapidly? Well, there could be many reasons for this decline. Let’s find out.
The main reason for the drop in the price of Wemix could be the delisting of Wemix tokens from the 5 major Korean exchanges on the 8th of December (its announcement was made only yesterday). These exchanges are namely Coinone, Korbit, Bithumb, Gopax and Upbit.
These exchanges claimed that the reason behind this delisting is the false information provided by Wemix. However, the Wemix team is trying to retract the decision made by the exchanges.
However, WEMIX is 53.95 times lower than its all-time highest price, leaving huge room for its growth in the near future.
Wemix Price Forecast: Competitor Analysis
As we discussed, Wemix is a blockchain gaming platform. Apart from that, it also provides services such as NFT marketplace, decentralized exchange, Wemix staking, and cryptocurrency wallet.
One of Wemix’s main competitors is C2X, developed with the aim of setting a standard for the blockchain gaming industry. C2X is built on the Earth blockchain to offer an end-to-end solution for blockchain gaming.
Users can seamlessly manage all their C2X-related digital assets. In addition, users are privileged on the basis of greater transparency and stability. The C2X network allows holders of CTX (its governance token)
How is Wemix different from C2X?
| Wemix | C2X | |
| Blockchain on which it is built | Ethereum (Wemix diverges on Ethereum) | earth |
| Categories | NFT market, cryptocurrency wallet, decentralized exchange. | Crypto wallet, NFT market |
| The best exchanges to trade | BTCEX, OKX, MEXC and XT.com | Gate.io, Hotbit, CoinEx and Huobi |
| Country of origin | South Korea | United States |
| Performance in the last 1 year | -52.2x | -7.3 times |
| Trend over the last 7 days | -4.2x | -1.1x |
| Volatility (30-day price change) | 9.8% | 67.8% |
Wemix’s competitor pricing analysis
The current market price of CTX at the time of writing is $0.26 and has decreased by almost 39% in 24 hours. Its 24-hour trading volume is $4,758.56 and it is up 4%. Its price three months ago was $0.81, meaning the price has dropped nearly 3.11 times in three months.
The price comparison clearly states that WEMIX underperformed its peer (C2X). On the other hand, the Wemix platform has a lot more to offer its users than C2X. for example, Defi service, Wemix Wallet etc.
Not only that, but the launch of Wemix3.0 gives it a competitive edge over its peer (as discussed beforehand).
Wemix Price Forecast: Is WEMIX a good investment?
A few months ago, Wemix launched Wemix3.0, the service-oriented blockchain gaming ecosystem. It was intended to expand the existing features of the Wemix network to help players make money through games.
Wemix 3.0 has mainly added three services to the platform: Wemix Play, Wemix Defi Service and NILE (NFT is Life Evolution). With Wemix Play, the gameplay has improved dramatically. Now, players can pay with what they earn.
The Wemix Defi service offers highly secure on-chain swaps, crypto bonds, staking programs and chain-level auctions. Basically, Wemix Defi Service is a financial platform that can be used on the Wemix mainnet.
On the other hand, NILE allows users to use funds and facilitate access through the Neith protocol. It is an on-chain Decentralized Autonomous Organization (DAO) platform.
What are the characteristics that distinguish Wemix?
- Wemix can host dapps, games, NFT, DAO and Defi.
- It offers a permanent minting reward (PMR) of 1 WEMIX per block.
- The gas price of WEMIX is very low, i.e. 0.0000001 WEMIX.
- It offers a maximum throughput of 4000 transactions per second.
Analyzing price movements and competitors, we can safely say that Wemix is a good investment if you are planning for the medium term. Although the delisting of WEMIX from Korean exchanges has caused its prices to drop suddenly, Wemix has the potential to survive thanks to its unique features.
Wemix Price Forecast: 2023, 2025 and 2030
Although the price prediction cannot be 100% accurate, a thorough analysis and past performance of the coin can actually predict its future.
To predict the almost accurate value of any token, its price history and movements help a lot. Let’s take a brief look at the all-time high value of WEMIX and predict its price for 2023, 2025 and 2030.
WEMIX’s all-time highest value is $24.28, meaning it’s 53.95 times lower than its all-time highest price it reached a year ago (considering its current price of $0.45). The chart above shows that the price of WEMIX has increased by almost 67x since November 2020 to reach its all-time highest price (which was then quoted at $0.36).
WEMIX Price Prediction 2023
According to the price forecast, in 2023 the price of WEMIX is expected to exceed an average price level of $ 2.61 and the value of the expected minimum price of WEMIX by the end of the current year should be $ 2.55. It can reach a maximum price level of $2.85.
WEMIX Price Prediction 2025
According to the price forecast, in 2025 the WEMIX price is expected to exceed an average price level of $ 5.57. The expected minimum price value of WEMIX by the end of the current year is expected to be $5.38. It can reach a maximum price level of $6.39.
WEMIX Price Prediction 2030
According to the price forecast, in 2030 the WEMIX price is expected to exceed an average price level of $ 35.73. The value of WEMIX’s expected minimum price by the end of the current year is expected to be $34.78 and can reach a maximum price level of $40.39.
Also Read: Tron Will Reach $10
Wemix Price Forecast: About Wemix
Wemix is a platform that offers blockchain-based games and is compatible with Ethereum Virtual Machine. Note that Wemix has a public chain where decentralized financial protocols and games can easily join the network.
The network maintains the balance between decentralization, scalability, and security to solve these problems associated with blockchain. Implements the EIP-1559-based variable gas tariff formula to maintain this balance.
The network is powered by the pole-based Proof of Authority (SPoA) consensus mechanism and is protected by 40 decentralized authority nodes. Wemix is an efficient and robust platform for innovative projects and applications.
