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WAX Price Prediction 2024: What Will WAXP Do After Amazon Deal?

Last Updated March 27, 2024 9:10 AM
Giuseppe Ciccomascolo
Last Updated March 27, 2024 9:10 AM

Key Takeaways

  • WAX announced a partnership with Amazon Prime Gaming.
  • WAXP returned to $0.10 following the collaboration news.
  • One price prediction says it may reach $0.265 next year.

WAX (WAXP) has unveiled  a collaboration with Amazon Prime Gaming, marked by the launch of the innovative Brawlers game. This significant move marks a milestone in the web 3 gaming sector, merging WAX’s cutting-edge technology with the expansive user base of Amazon Prime Gaming.

The focal point of this partnership is the Brawlers game, and following this announcement, the value of WAXP surged, reclaiming the $0.10 mark.

WAX did not immediately respond to a request for comment.

But what is WAX (WAXP)? How does WAX work? Let’s see what we can find out, and also take a look at some of the WAX Price Predictions that were being made as of March 27, 2024.

WAX Coin Price Prediction 

Let’s examine some of the WAX price predictions being made on March 27, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $0.23 $0.26 $0.77
Prediction #2 $0.1827 $0.2648 $1.59
Prediction #3 $0.1827 $0.265 $1.59

First, CoinCodex   had a short-term WAX price prediction that suggested the token would go to $0.106843 by April 3 before rising further to $0.133732 by April 26. The site’s technical analysis was bullish, with 29 indicators sending encouraging signals and three making bearish ones.

WAX Price Prediction for 2024

DigitalCoinPrice  said WAX would reach $0.23 this year, while PricePrediction.net  expects it at $0.1827 and Changelly  also said WAXP would close the year at $0.1827. 

WAX Price Prediction for 2025

Changelly said WAX would reach $0.265 while PricePrediction.net also sees it at $0.2648. DigitalCoinPrice said WAXP would trade at $0.26. 

WAX Price Prediction for 2030

Moving on to a more long-term WAX price prediction, PricePrediction.net said the coin would be worth $1.59 in 2030 and Changelly ALSO expects it at $1.59. DigitalCoinPrice made a WAXP price prediction of $0.77 at the start of the next decade.

Google Gemini AI Price Prediction for WAX (as of March 27)

Google’s Gemini AI platform gave the following price prediction for WAX on March 27. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligence price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next 3 months)

  • Expected price: $0.1062
  • Factors to Consider:
    • These are algorithmic predictions and might not account for unforeseen circumstances.
    • The cryptocurrency market is volatile, and prices can swing significantly.
    • Do your own research before making any investment decisions.

Medium Term (Next 6 months)

  • Expected price: $0.096019
  • Factors to Consider:
    • Overall market trends: If the general cryptocurrency market goes up, WAX is likely to go up as well.
    • Adoption of the WAX platform: If more users and businesses start using the WAX platform for virtual goods and non-fungible tokens (NFTs), the demand for WAX tokens could increase.
    • Developments on the WAX platform: New features and partnerships could also boost the price of WAX.

Long Term (Next 5 years)

  • Expected price: $0.27
  • Factors to Consider:
    • Adoption of WAX by the gaming industry: WAX is designed for video game transactions. If it becomes more widely adopted by game developers and players, its price could rise.
    • Overall growth of the crypto market: The price of WAX is likely to be correlated to the overall health of the cryptocurrency market. If the market experiences a bull run, WAX could see significant gains.
    • Regulations: Government regulations could impact the use of WAX and other cryptocurrencies.

WAX Price History

Let’s now take a look at some of the highlights and lowlights of the WAX price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a WAX price prediction. 

When WAX first came onto the open market in December 2017, it was worth $4.6083, which is still its highest level since its launch. It then started a negative trend that brought the coin to trade under $0.10 for the following years, only hitting a $0.80 value in November 2021. WAXP then decreased again, being traded under $0.10 in 2022.

WAX in 2023 and 2024

The coin was still depressed in 2023, opening the year at $0.4214 and closing it at $0.07141. Things didn’t get better in the first two months of 2024 but developed positively after the deal with Amazon, that pushed the coin above $0.10 again. It’s worth $0.1024 on March 27, 2024.

WAX price history
WAX price in 2023 and 2024 | Credit: CoinMarketCap

At that time, there were 3.43 billion WAX in circulation, out of a total supply of 4.15 billion. This gave WAX a market cap of about $350.5 million, making it the 233rd largest crypto by that measurement.

Is WAX a Good Investment?

It is hard to say. A lot will depend on whether the platform can build on its recent Amazon partnership.

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in WAX.

Will WAX go up or down?

No one can really tell right now. While the WAX crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in WAX?

Before you decide whether or not to invest in WAX, you will have to do your own research, not only on WAX, but on other, related, coins and tokens such as Ethereum (ETH) and Solana (SOL). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

WAX (WAXP) Explained

The WAX platform offers a powerful and user-friendly environment for creating and trading digital collectibles. It serves as a bridge that connects creators, collectors, and developers, providing a marketplace that leverages blockchain technology for enhanced user experience and security.

How WAX Works

WAXP, the native token of the WAX Blockchain, is the primary medium of exchange used to buy and sell digital collectibles on both primary NFT sales and secondary markets. As the lifeblood of the WAX ecosystem, WAXP seamlessly powers transactions, ensuring a smooth and secure experience for creators, collectors, and traders alike.

WAX Attention Tracker

WAX Google search volume
WAX Google search volume. | Credit: Google

Here is a chart for the WAX Google search volume for the past 90 days. This represents how many times the term “WAX WAXP” has been Googled over the previous 90 days.

FAQs 

How many WAX are there?

As of March 27, 2024, there were 3.43 billion WAX in circulation, out of a total supply of 4.15 billion.

Will WAXP reach $1?

It might, but not soon. PricePrediction.net and Changelly expect the coin to reach one dollar in 2028.

It’s important to keep in mind that WAXP has never traded above $1 before.

What is WAX?

The WAX platform offers a powerful and user-friendly environment for creating and trading digital collectibles. It serves as a bridge that connects creators, collectors, and developers, providing a marketplace that leverages blockchain technology for enhanced user experience and security.

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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