WAX crypto has been active in the digital cryptocurrencies market since 2017. WAX crypto has developed a blockchain that is used in the crypto market by users who want to make fast, secure and clear transactions over the internet. That is why it is also said that WAX is very suitable for companies involved in e-commerce.

WAX is an abbreviation for Worldwide Asset eXchange. As the name implies, WAX wants to focus on facilitating transactions all over the world. Everything will eventually be able to be traded on the WAX ​​platform. Think, for example, of video games, online games and NFTs.

In this article we are going to talk about WAX. We will discuss the use case and how WAX aims to establish a global marketplace. In addition, in this article we also look at the WAX ​​crypto forecast, the WAXP price and we discuss the latest WAX news in this article. What will the WAX ​​price do?

What is WAX?

WAX is a platform in the digital cryptocurrencies market that aims to develop into the world’s largest online marketplace. Although the platform has room for further development, it is already seen as one of the largest marketplaces for trading digital art known as NFTs.

Over the past period, WAX has already developed considerably. Initially, WAX’s platform was built on the Ethereum blockchain. However, this turned out not to be a desirable combination, so WAX later switched to the EOS blockchain. This move resulted in lower transaction costs, users to create free accounts and better smart contracts to be created.

WAX also has its own cryptocurrency which is traded on the market under the symbol of WAXP. You can also stake this coin to earn a reward in this way. The WAX ​​coin is what connects users of the WAX ​​platform in the crypto market.

What does the WAX ​​rate do?

To develop the platform of WAX, this crypto has held an initial coin offering. During this early sale of WAX coins, which ended on November 29, 2017, WAX raised a whopping $9.6 million. During the initial coin offering you could buy 1500 WAX coins with 1 ETH coin. The current price of WAX is $ 0.102707.

The first price data of WAX comes from December 24, 2017. Shortly after listing of the currency on the stock exchange, the WAX ​​price showed a significant increase. However, this increase was followed by a significant drop in the WAX ​​price. Compared to other cryptocurrencies, the WAX ​​value shows less volatility.

The WAX ​​all time high is at a value of $ 2.77. This high WAX price was reached on January 9, 2018. This means that it is currently 1708 days since the price of WAX has reached its all-time high. With a market cap of $ 221,733,189 WAX is currently in place 165 in the ranking of largest crypto projects.

As a trader, investor in or user of WAX, it is important to keep an eye on the development of the WAX ​​price. This way you are the first to know about changes in the price of WAX and you can react appropriately to take full advantage of the volatility of the price. Below the WAX ​​price chart with which the price can be studied.

  • Zoom

  • Hour

  • Day

  • Week

  • Month

  • Year

  • All Time

  • Type

  • Line Chart

  • Candlestick

What is the WAX ​​forecast for 2022 – 2027?

By now, in this article, we have already looked at the use case of WAX and how WAX has developed since starting activity in the crypto market. If the WAX ​​platform becomes stable and manages to meet the demands of crypto users, this marketplace can grow significantly.

If we look at the WAX ​​price forecast for 2022, it is difficult to make a statement about this. This is because there are many factors that can significantly influence the WAX ​​value in the short term. Examples of factors are, for example, the development of the general financial market and developments within the WAX ​​project itself.

However, if we look at the WAX ​​forecast for 2027, we can say something more. To facilitate trading on the crypto market, the demand for a stable marketplace that is easy to use worldwide is high. If WAX can develop towards this demand, it may be interesting to invest in this crypto in the next five years because the WAX ​​value may then increase.

It is impossible to predict how the WAX ​​price will develop in the coming years. However, we can say with certainty that the WAX ​​price has risen considerably before. At the end of 2017, the WAX ​​value increased by no less than 305.14%!

It is impossible for everyone to draw up a WAX forecast that is guaranteed to come true. Therefore, do not believe every prediction you read on the internet about the WAX ​​value. It is important as a trader or investor to do your own research into the development of the project and the course.

Historical Price for WAX

Date Open Close High Low Volume

What is the use of the WAXP coin?

The WAXP coin can be used to stake. In addition, the coin can also be used for other purposes such as concluding smart contracts. The coin can also be used as a medium of exchange in the WAX ​​marketplace or to vote for development plans for the WAX ​​marketplace.

If you want to trade or invest in WAX, it is wise to keep an eye on the scarcity of the currency. You can study the scarcity by looking at the current supply of the WAXP coin and the maximum supply of the coin. The current supply of the coin is 2,159,521,125 WAXP. The maximum supply is 3,770,303,327 WAXP.

In addition to the scarcity, as a trader or investor you also have to keep an eye on the price difference of the WAXP coin over time. The price difference in the last 24 hours was 1.46%. In the last week, so the last 7 days, the price difference was 5.61%.

Huidige supply 2,159,521,125 WAXP Maximale supply 3,770,303,327 WAXP
% difference 24h 1.46% % difference 7D 5.61%

Where to buy WAX?

The WAX ​​coin, as discussed earlier, has several applications within the WAX ​​marketplace and in the crypto market as a whole. If you want to use these applications you will have to buy the WAX ​​coin. You can buy the WAX ​​coin on an online exchange like Bitvavo.

Bitvavo is an online exchange with a wide range of cryptocurrencies. The platform is very user-friendly and therefore suitable for both experienced and novice traders. Millions of traders have already preceded you with trading via Bitvavo! Do you also want to start trading WAX? Create a free account on Bitvavo below.

Exchange Description Rating
Bitvavo (Our recommendation!☝️) The best choice in NL. The lowest trading costs & easy to use. Receive a welcome bonus with your registration! 4,2/5 Visit exchange
eToro Largest social trading platform in the world. Trade with experts effortlessly and take advantage of their profits! 4,2/5 Visit exchange
Binance The largest exchange in the world, large assortment and many extras such as staking & ICOs 2/5 Visit exchange

The latest WAX news

In this article, various factors have been discussed that influence the WAX ​​price, such as the WAX ​​forecast, the use-case and specific properties of the crypto. Finally, the latest WAX news is also important for traders and investors.

By keeping an eye on today’s WAX news you will always be the first to know about the latest developments, new collaborations and other important information about WAX. The official WAX Twitter account is a good source of information.