WAX Crypto – Is It A Good Investment ? 2023

The worldwide asset exchange known as WAX Crypto is one of the popular virtual currencies.

WAX Crypto – What is It?

WAX Crypto is most used layer – 1 blockchain ecosystems globally. Not only but also, for non-fungible tokens , dApps and video games .

It allows its investing users to create buy, sell and trade different items worldwide. Furthermore, being the ‘king of the NFT market’ WAX Crypto has successfully traded millions of NFTs from its partners.

Moreover, the WAX ecosystem consists of exchanges, WAX cloud wallets, games , blockchain services , marketplaces etc.

Additionally, intellectual property licensing , patent portfolios , DEX.

WAX Crypto – vIRL NFT

The major NFT partners of WAX include Funko, Atari , Sony Funimation , Topps , Capcom . Likewise , world-renowned entertainers.

This crypto, WAX has come forward with vIRL NFT which is unique from other standard NFTs .

Further, with this functionality users can hold dynamic functionality , including app/video game integrations and marketing tools.

The V-commerce capacity allows the vIRL NFT to link to a real -world item. Furthermore, the vIRL NFT is minted on an an energy-efficient and carbon neutral WAX blockchain.

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WAX Crypto – Who is the Founder?

It was co-founded by William Quigley and Jonathan Yantis in 2017. Both are from OpSkin, one of the top online gaming companies .

Since the inclusion of WAX , it has contributed a lot to digital commerce. As a result, now WAX has approximately 8 million users in a month .

Equally, in terms of volume of transactions , WAX blockchain is placed on the top.

As well as, with more than 15 million transactions a day , it is the most used wallet globally . As compared to its competitor WAX has 5 million accounts in use.

WAX Crypto – How does it Work ?

The major play-to-earn games such as Allen World, R-Planet , Kolobok, Adventures , and Prospectors are associated with WAX.

Additionally, users can access many of the dApps and NFT marketplaces with WAX .

It was awarded Carbon Neutral Certification in early 2021 .

Because it uses WAX’s Delegated Proof of Stake mechanism which is currently 1,25,000 times energy efficient at 0.00001% of the energy of PoW chains .

In 2021 WAX released a series of Carbon Offset vIRL NFTs.

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Wax Crypto – Features –

The WAX decentralized exchange allows customers to purchase goods with ba global token. Traders can set up their marketplace in WAX. Equally, the ecosystem will unite everyone & provide secured transactions & settlement services .

The enormous liquidity of the system allows customers to buy the product at its best price.

WAX Crypto – Smart Contracts

Smart contracts provide a structure & obligation for all participants . Equally, to transact through the WAX platform. It executes on time , and activities are stored on the blockchain with utmost transparency.

These smart contracts reside on a WAX account. It has 12 characters along with a human-readable label. When account sends transactions to another, these are handled by smart contracts residing on the target account.

Smart contracts of WAX V – It include obligations, parameters , required actions , information structure and an interface code.

Public WAX testnet enables dApps to build applications safely. These are the major roadmaps of the WAX ecosystem .

Is it Profitable to invest in WAX Crypto?

Over the last 30 days , WAX had 22/30 (73%) green days. It is currently not profitable to invest in WAX.

The price of WAX decreased by -80.11% in the last 1 year. While the coin’s 3-year performance is 165.63%.

Technical analysis and forecast data show a negative sentiment for the short -term.

But future values of the coin are bullish , and expect a profitable return on investment for those who invest for the long term.

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WAX Rallies by 32% as NFT Demand Increases

Worldwide Asset eXchange (WAX) is one of the top leading performers in the cryptocurrency market at the moment.

It is a blockchain and protocol token specifically designed to make e-commerce transactions safer, easier and faster for all participants.

The WAX has developed a suite of blockchain-based tools that supports a wide range of decentralized applications, marketplaces and native nonfungible tokens (NFTs).

It is one of the top performers in the cryptocurrency space, thanks to the high demand for NFT-focused coins and tokens.

WAX Price At Present

Over the past 24 hours, the WAX token is up by more than 30%, outperforming the other major cryptocurrencies such as BTC, ETH and others.

 This is trading at $0.824 per coin.

Despite rallying in recent weeks, WAX remains down by more than 70% from the all-time high of $2.77 achieved in January 2018.

Last week, the Worldwide Asset eXchange rose to second place in NFT sales volume amongst all the layer-1 blockchains. 

WAX accounts for more than 15 million transactions per day, surpassing that of Ethereum in the process.

According to current prediction WAX price prediction , the value of WAX is predicted to rise by 11.10 % and reach $0.082196 by February 10th 2023.

The current sentiment is Bearish while the Fear & Greed Index is showing 58 (Greed).

Is WAX and WAXP same ?

This is the native cryptocurrency of the WAX protocol. WAXP denotes the ticker name of the WAX token.

WAX (WAXP) is a purpose – built blockchain released in 2017 . That is designed to make e-commerce transactions faster , simpler and safer for every part involved.

How much is 1 WAX Coin ?

$0.08 USD – In other words, to buy 5 WAX , it would cost you $0.38 USD.

Is WAX a Metaverse Crypto

The Metaverse Marketplace WAX stands for the Worldwide Asset Exchange . Its a blockchain built by OPSkins , one of the world’s leading brands.

For trading digital items and offers a purpose-built network for storing and transaction virtual items and collectibles.

Is WAX based on Ethereum?

The WAX tokennomics model is a hybrid between WAX and Ethereum blockchains. As it aims to use best features of both chains.

This configuration helps WAX token holders because they can benefit from WAX’s success in the NFT marketplace . And Ethereum’s success in the Defi’s space.

Is WAXP a good crypto ?

According to the future values of the Wax token, the short-term price prognosis indicates the cryptocurrency is a good investment.

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Conclusion

The NFT space has been gaining a lot of attention in recent months, and cryptocurrencies operating in that sector have been outperforming

Worldwide Asset eXchange (WAX) is one of the top leading performers in the cryptocurrency market at the moment.

It is a blockchain and protocol token specifically designed to make e-commerce transactions safer, easier and faster for all participants.

WAX – The WAX has developed a suite of blockchain-based tools that supports a wide range of decentralized applications, marketplaces and native nonfungible tokens (NFTs).

It is one of the top performers in the cryptocurrency space, thanks to the high demand for NFT-focused coins and tokens.

Over the past 24 hours, the WAX token is up by more than 30%, outperforming the other major cryptocurrencies such as BTC, ETH and others.

WAX

 It is trading at $0.824 per coin. Despite rallying in recent weeks, WAX remains down by more than 70% from the all-time high of $2.77 achieved in January 2018.

Last week, the Worldwide Asset eXchange rose to second place in NFT sales volume amongst all the layer-1 blockchains. 

WAX accounts for more than 15 million transactions per day, surpassing that of Ethereum in the process.

Its technical indicators point to further gains for WAX and the cryptocurrency could reach the $1 mark over the coming days and weeks.

The Worldwide Asset eXchange’s strong performance in the NFT space in recent months could be key to the WAX coin rallying higher before the end of the year.

The NFT space is still in its early stage, and more investments and innovations will pour into the market.

As a result, WAX and other NFT-focused coins have strong growth potential.