Wemix Price Prediction 2024: WEMIX Continues To Plummet Following WeMade CEO Resignation

Key Takeaways

• Wemix’s WEMIX token started dropping after WeMade’s CEO resigned in mid-March 2024.
• WEMIX is now worth $1.90.
• One price prediction says it may reach $4.87 next year.

South Korea’s domestically developed cryptocurrency Wemix has seen a sharp decline between mid-March and mid-April 2024, following the abrupt resignation  of Chang Hyun-kuk, CEO of WeMade, the blockchain game developer behind Wemix.

The downturn began in mid-March, coinciding with Chang’s departure. The WeMade board swiftly appointed Park Kwan-ho, the firm’s founder and chairman, as his replacement to reassure investors.

While the board assured that Chang’s resignation wouldn’t impact Wemix-related projects and that he would continue as vice chairman to support Park, doubts linger among industry insiders about Wemix’s potential for a full market recovery.

Wemix did not immediately respond to a request for comment.

But what is Wemix (WEMIX)? How does It work? Let’s find out, and we can also look at some of the Wemix Price Predictions that were being made as of April 12, 2024.

Wemix Coin Price Prediction

Let’s examine some of the Wemix price predictions made on April 12, 2024. It is crucial to remember 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.

First, CoinCodex  had a short-term Wemix  price prediction that saw the coin go to $2.57 by April 17 before jumping to $6.46 by May 11. The site’s technical analysis was highly bearish, with 23 indicators sending negative signals and three making a bullish one.

Wemix Price Prediction for 2024

DigitalCoinPrice  said Wemix would reach $4.12 this year, while Changelly  expects it to be at $2.98, and PricePrediction.net  said WEMIX would close the year at $2.98. 

Wemix Price Prediction for 2025

PricePrediction.net said Wemix would reach $4.55, and Changelly also sees it at $4.55. DigitalCoinPrice said WEMIX would trade at $4.87.

Wemix Price Prediction for 2030

Moving on to a more long-term Wemix price prediction, Changelly said the coin would be worth $29.50 in 2030 and PricePrediction.net expects it to be $29.50, too. DigitalCoinPrice made a WEMIX price prediction of $14.09 at the start of the next decade.

Google Gemini AI Price Prediction for Wemix (as of April 12)

Google’s Gemini AI platform gave the following price prediction for Wemix on April 12. 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 not entirely accurate.

Short Term (Next three months)

• Expected price: $2.99

• Factors to Consider:
  • Market sentiment: Is the overall cryptocurrency market bullish or bearish? This can affect the price of Wemix.
  • News and developments: Are there any upcoming events or news related to Wemix or the gaming industry that could impact the price?
  • Technical analysis: Some traders use technical indicators to predict price movements.

Medium Term (Next six months)

• Expected price: $5.72

• Factors to Consider:
  • Overall, cryptocurrency market trends can significantly impact Wemix.
  • News and developments related to the Wemix platform and its use cases could influence the price.
  • Regulatory changes or competition in the gaming/NFT space could also play a role.

Long Term (Next five years)

• Expected price: $14.12

• Factors to Consider:
  • Overall cryptocurrency market trends.
  • Wemix’s adoption rate and development progress.
  • Regulatory landscape for cryptocurrencies.

Wemix Price History

Let’s now look at some of the highlights and lowlights of the Wemix 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 Wemix price prediction. 

When Wemix first came onto the open market in October 2020, it was worth $0.3599. The coin jumped almost one year after its debut, in November 2021, hitting its all-time high of $0.3599.

WEMIX then dropped in the second half of 2021 and remained around $1.50 and $2 for the whole of 2022 and half of 2023, before jumping a bit again in July 2023, reaching $3.80. It moved sideways for the rest of the year and started positively the 2024, before plummeting due to WeMade’s CEO resignation. On April 12, it’s worth $1.90.

At that time, 355.7 million WEMIX, out of 955.8 million of the total supply. This gave Wemix a market cap of about $676.5 million, making it the 126th largest crypto by that measurement.

Is Wemix a Good Investment?

It is hard to say. The coin hasn’t been around for a long time, and on the horizon, there’s no clear bullish or bearish sign.

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

Will Wemix go up or down?

No one can really tell right now. While the Wemix 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 Wemix?

Before you decide whether or not to invest in Wemix, you will have to do your own research, not only on WEMIX, 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.

Wemix (WEMIX) Explained

How WEMIX Works

Wemix Attention Tracker

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

FAQs 

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.

About the Author

Giuseppe Ciccomascolo

Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors. Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.

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