WAX Price Prediction 2022-2026-Will The Price of WAXP Hit $0.34 by The End of 2022?
What is WAX (WAXP)?
WAX provides everything a brand needs to launch a successful NFT collection — from games and dApps to exchanges, digital marketplaces, and more. It was founded by William Quinley and Jonathan Yantis. WAX (WAXP) is a purpose-built blockchain that was launched in 2017.
The WAX blockchain uses delegated proof-of-stake (DPoS) as its consensus mechanism. WAX blockchain is compatible with EOS blockchain.
Now, we shall analyze the WAX price prediction for the coming years.
Flashback: Fundamental Analysis of WAX (WAXP)
With the news that the non-fungible tokens (NFTs) market capitalization has increased by over 200% in 2022 according to Finbold news, WAXP, as one of the top 10 metaverse coins in the NFTs market, is gaining popularity. This is due to its auction of the Brawlers NFTs on its platform which is in high demand. Since this is made possible through the WAX blockchain, the popularity of its native token WAXP is rising.
We shall now consider what charts are showing about WAX price prediction.
From the 1-day chart above showing EMA Ribbon indicator for WAX/USDT, we can deduce that the price of WAX might dip further. This is because the EMA ribbon moving averages is above the recently formed candlesticks.
The chart above shows the balance of power indicator which is used to determine if a market is controlled by either the buyers or sellers. From the chart for WAXP/USDT, we can see that its BOP value is 0.15. Since it is above 0, it means that the bulls are having their way and that the price of WAX might increase soon since it also has a positive divergence.
Now, we shall look at WAX price prediction for the coming years.
WAX Price Prediction in 2022
The price of WAX (WAXP) is expected to gain at least 10% by the end of June 2022 from its present price. This means that it will be trading at around $0.30 by the end of the first half. Its price is expected to rise by at least 15% in the second quarter. This means that WAXP would trade at least $0.34 by the end of December 2022.
WAX Price Prediction in 2023
The price of WAX (WAXP) is expected to gain at least 14% by the end of June 2023. This means that it will be trading at around $0.39 by the end of the first half. Its price is expected to rise by at least 18% in the second quarter. This means that WAXP would trade at at least $0.46 by the end of December 2023.
Price Prediction of WAX (WAXP) in 2024
The price of WAX (WAXP) is expected to gain at least 10% by the end of June 2024 from its current price. This means that it will be trading at around $0.51 by the end of the first half. Its price is expected to rise by at least 10% in the second quarter. This means that WAXP would trade at at least $0.56 by the end of December 2024.
WAX Price Prediction in 2025
The price of WAX (WAXP) is expected to gain at least 16% by the end of June 2025. This means that it will be trading at around $0.65 by the end of the first half. Its price is expected to rise by at least 5% in the second quarter. This means that WAXP would trade at at least $0.68 by the end of December 2025.
WAX Price Prediction in 2026
The price of WAX (WAXP) is expected to gain at least 10% by the end of June 2026 from its present price. This means that it will be trading at around $0.75 by the end of the first half. Its price is expected to rise by at least 12% in the second quarter. This means that WAX would trade at least $0.85 by the end of December 2026.
Now we shall consider different media platforms to see what their forecast is on WAX (WAXP) price.
Market Sentiments on WAX (WAXP) Price Prediction
PricePrediction
According to PricePrediction, the coin’s average price could reach $0.44 by the end of 2022 and surge to $11.13 by 2031 which represents a 2429% increase.
DigitalCoin
According to DigitalCoin’s WAX (WAXP) price prediction, the average price could reach $0.38 in 2022 and gain further 302% by 2031 to trade at $1.53.
Tradingbeasts
According to Tradingbeasts price prediction, the average price of WAX (WAXP) in 2022 could be $0.36, surging by 27% in three years to trade at $0.46 in 2025.
Our WAX (WAXP) Price Prediction
The price of WAX (WAXP) will trade at at least $0.34 by the end of 2022 and then increase by over 150% in four years' time to trade at $0.85 by the end of 2026.
Conclusion
WAX (WAXP) long-term investors will enjoy good returns. This is due to the positive outlook of the fundamental analysis, price predictions, and market sentiments.