Wazirx Token Market Analysis December 2021

$WZX is the native coin of exchange Wazirx which is around $1.27 by the time of writing which was at $0.065 at the start of 2021 with a market capitalization of 15 million dollars.

Wazirx Token Market Analysis December 2021
Wazirx Token Market Analysis December 2021

What is Wazirx?

Wazirx is an Indian cryptocurrency exchange founded in 2018. It was founded by computer Science graduate Nischal Shetty around march 2018.

Wazirx got an early mover advantage in the crypto exchanges in India. That is why it has more users in India than other exchanges. Wazirx has its token $WZX, which is based on the Ethereum chain and the Binance chain.

What is $WZX?

$WZX is the native coin of exchange Wazirx which is around $1.27 by the time of writing which was at $0.065 at the start of 2021 with the Market Capitalization of 15 million dollars. It saw a jump after being acquired by binance.

Due to this, $WZX coins price reached an all-time high of $4 and got a market cap of 1 billion dollars, but from there, it could not sustain itself on top due to some bad news and crypto ban circulating in the news. So as per the current price of $1.27, its market cap is around 400 million dollars.

$WZX Coin Market Analysis

Wazirx has a massive opportunity in the Indian market. As more people discover crypto, the chances of Wazirx expanding its customer base increases. The Indian cryptocurrency market has not grown due to fear of investing in online money, and as it gets regulated, fear would come down, and more people would invest in it.

$WZX Coin Price Prediction

The daily time frame formed the descending triangle, where it successfully broke out the pattern and retested. The price went up 86.81% after breaking out, and again it is forming out the falling wedge pattern where we can see it is currently facing out the resistance level.

All the EMAs acting as a resistance right now.

For any time, on-demand analysis on $WZX or any other coin, join our Telegram channel.

$WZX Coin Price Prediction
$WZX Coin Price Prediction

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Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.

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Kaushal Mandal