In 2018, WazirX founders, Nischal Shetty, Sameer Mhatre, and Siddharth Menon, capitalized on the rising tide of retail traders investing in cryptocurrencies to build WazirX. In the first half of 2021 alone, WazirX has grown more than 12 times to become India’s largest digital currency exchange and soon the country’s first billion-dollar crypto unicorn.
When the Reserve Bank of India introduced a ban on crypto-related payments. WazirX changed its business model to act as a third-party custodian between buyers and sellers. In November 2019, WazirX was acquired by Binance, the world’s largest cryptocurrency exchange, as it debuted in the Indian market. Due to the continuing crypto debate among Indian authorities, Shetty had to team up with other exchanges to jointly engage the country’s top financial decision-makers.
Undeterred by restrictions, in June 2021, WazirX became South Asia’s first marketplace for non-fungible tokens (NFTs) in a bid to help creators across India trade digital assets such as artwork and music. Let’s take a look at what the future holds for this durable WRX coin.
What is WRX?
WRX is the utility token of the WazirX Exchange that was launched in India in 2018. WRX tokens established the roots of the entire WazirX ecosystem and operated as a good investment for all new users.
Like all cryptocurrencies, WRX are digital assets much like Etherum or Bitcoin. Binance has given WazirX the platform to operate via their channel. The Binance Chain and Etherum offer WazirX users a 50% discount over the trading fees of the WXR tokens. Crypto investors see this as an excellent opportunity to make the best of this offer; however, the discount per annum drops each year; users generally establish themselves to the extent that it doesn’t make much difference.
The WRX tokens come with multiple uses and benefits; besides using them for trading, users can pay for their listing fees with their WRX tokens. The payments for fee margins can also easily be made through the WRX token, making much of the process hassle-free. Many of its key features are easily fulfilled with the use of the tokens alone.
According to liquidity and trading volume, WazirX is ranked Number one in India, having many users within the age range of 22 to 32 years. In a quest to increase investment in a start-up for crypto, the India exchange partnered with Binance in March 2020 to launch a “Blockchain for India” fund valued at $50 million. The WRX value hype can be traced to the update that WazirX is set to launch an NFT platform that would be the first to have content creators, Indian artists, and collectors as its primary target. On this new platform, customers don’t have to worry about being charged for creating and listing non-fungible tokens.
The hassle-free and straightforward route to acquire tokens is through WRX trade mining, airdrops, and partner to partner trading. New users must follow investment advice from a trusted source and conduct a personal technical analysis to choose a route best suited to their needs.
WazirX ecosystem development
Nischal Shetty, an Indian national, created the country’s first crypto, WazirX. This think tank, founder and CEO of WazirX, had been in the business for nearly a decade before he took this step. He began his Bitcoin mining career back in 2009 and had ventured into Bitcoin wallets back in 2012.
In around 2017, Nischal decided to develop more into the Blockchain ecosystem, creating the first crypto exchange in India. Following the uncertain and opaque standards and operating of other foreign existing cryptos in India, he decided to take matters into his own hands. With a brand new and locally run crypto, the Indian populace was sure to build trust into investing in cryptos.
After successfully running Crowdfire, WazirX is another feather in the hat for Nischal, who has grown his enterprise into 19 million users locally and worldwide. He aims to provide an optimum cryptocurrency platform that is globally recognized and surpasses all expectations. This global product created in India has undoubtedly made its significant place in the worldwide market.
Once the WazirX exchange was established, Nischal took it to the next level by creating the WRX token. WRX tokens have thus far had a successful run in an otherwise competitive crypto market. According to WRX predictions, it is pretty probable that WRX trades will stand out in the market.
WRX price prediction expert analysis
The WRX price prediction statistics and analysis of experts are present all over the internet for new users keen to invest in the domains of WXR tokens. WRX coin price prediction helps users analyze what the market will be like shortly and what is expected concerning price volatility.
Users can buy WazirX tokens and coins based on these statistics after doing their research as well. Such statistics give an idea of the current price in the cryptocurrency market and what it shall be based on ongoing developments for the future.
Current WazirX Price Prediction 2021
The following chart shows the WazirX forecast and what the future holds for WazirX price today and tomorrow. The chart is going in a constant upward spiral, suggesting that the WazirX ecosystem is in good shape.
Current WRX 2021 forecast statistics
The following chart shows the minimum price to the maximum price of the WXR tokens for the coming days. These offer predictability to users while trading as well as make up for the otherwise volatile market trend.
WazirX price prediction forecast for next two weeks
WazirX price forecast 2021-2022
According to the graph below, WazirX is seeing an incredible high in 2021 and is expected to grow conveniently in the coming future. There seems to be no significant threat within sight to the end of WazirX.
WazirX price prediction forecast trend
WRX price prediction 2021-2025
WRX price prediction 2021
The price prediction of the WXR coin in 2021 will show an increment in its price. After a close analysis of the data available to experts, the token will face the usual ups and downs. However, it is expected that it will still work in profit for all parties involved.
After a bit of low in the middle of the year, it’s got back into the game, and it is expected that the price will rise to $3.26 by the year’s end. The current daily charts show significant profits for users.
WRX price prediction 2022
Once the coin reaches its $3.26 mark, it is quite probable that its price won’t fall in 2021. It is wishfully expected that the price of WazirX tokens will rise to $5.66 by the end of the year 2022.
The coin is currently in profit, and once it makes it to the end of the year on the same note, things will go uphill only from there. The charts and statistics suggest that the profits will remain positive as long as the crypto continues to perform the same way. The incredible profitable and expected price in 2022 is something for WazirX users to look forward to.
WRX price prediction 2023
2023 is supposedly the year when WazirX will touch its peak and then won’t decrease in value. The estimated price will be a little over $9. The development will attract more and more users to WazirX, and its price and value may even grow further in the future. It is all based on the current crypto markets position that is helping in making these statistical assumptions.
WRX price prediction 2024
Once the token reaches such a great height, it won’t decrease in value so quickly, just like Bitcoin hasn’t. Instead, once it reaches such a great value, its chances of increasing value will get much more accessible. It can be assumed that the price of WXR tokens will be somewhere around $12.08 by the end of the year 2024.
WRX price prediction 2025
The price prediction for 2025 is most important as it’s part of everyone’s five-year plan to invest in the current year. WazirX will probably maintain its upward trend and continue to run in profit even in 2025. Most users would probably not be disappointed to know that the expected price for WXR tokens in 2025 is $15.48.
Where to buy WRX
Binance is one of the best places to buy WazirX. Binance also lists a huge selection of other cryptocurrencies, so you can easily convert your WRX to another coin later. In order to buy WazirX WRX, on Binance, you first need to open an account.
1. Register on Binance
If you don’t own any cryptocurrency, you can get started by purchasing some BTC on Binance with a credit or debit card
2. Deposit cryptocurrencies
In order to make your deposit, go to the navigation bar at the top of the website and click Funds > Deposits. The website will provide you with a deposit address for the cryptocurrency you selected. The address will be a string of numbers and letters(both lowercase and uppercase). Copy the address in its entirety and go to your wallet of choice. Send the amount you wish to deposit to the address you copied. It is quite common for the transaction to take up to half an hour to complete, so don’t expect the funds to be available on your Binance account instantly.
3. Check your balance
In order to check your balance, go to Funds > Balances in the navigation bar at the top of the website. If you would only like to see the coins which have a balance of over 0.001 BTC, click on Hide small assets.
4. Place a buy order for WazirX.
To place an order, go to Exchange > Basic
After clicking on the trading pair, a price chart will appear in the center. You can place your buy order under the chart. If you want to buy WRX when it reaches a specific price, use the Limit order. Enter the desired price (in BTC) and the amount of WRX you want to buy, then click the Buy WRX button.
If you want to buy WRX at its current price, click on the Market tab and enter the amount of WRX you wish to buy. The order should be executed almost instantly and the WRX will be added to your balance soon.
The price prediction and overall technical analysis for WazirX have been quite optimistic, and it seems that the future is bright for all WXR users. The CEO knew what he was getting into when he created WazirX. His prior experience in the field served him well in creating a successful cryptocurrency from India.
The WazirX crypto has now expanded globally and offers features and products, unlike most common cryptos. It has done unexpectedly well for itself quickly and has shown a surplus of positive outcomes to draw more users.
WRX value has reached $5.90, which is a new all-time high. This represents a massive rise of 250 percent in the last 24 hours last April 2021, enabling WRX to be the best performer amongst the top 100 crypto assets according to market caps. And the main thing about crypto is community: India has the potential to get 100 million people into crypto and the journey has just started.
WRX price prediction gives a clear view of the WRX exchange rate, the price fluctuations, and everything a new user must know before investing in crypto. Its transparent and efficient qualities have made it the success it has been thus far. If concluding strictly based on the statistics, at least the next 5-6 years are a joyride for WazirX.
Is the WazirX price increasing further?
Yes, it is expected to go from $1.374 to $2.442 in one year.
How profitable is WazirX in the long run?
A user’s probable earning potential is more than 77% per year.
What will WRX Tokens be worth in 5 years?
The future price of WXR is expected to rise to 7.108 USD
Is WazirX bound to crash soon?
No, not according to expert analysis.