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WAX

WAX priceWAXP

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Quote currency:
USD
WAXP
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USD
1 WAXP = 0.07477 USD
Last updated 2024-04-23 20:13:49(UTC-0)

WAX price live data summary

The live price of WAX is $0.07477 per (WAXP / USD) today with a current market cap of $256.94M USD. The 24-hour trading volume is $8.60M USD. WAXP to USD price is updated in real time. WAX is +0.46% in the last 24 hours. It has a circulating supply of 3,436,486,700 .

What is the highest price of WAXP?

WAXP has an all-time high (ATH) of $5.01, recorded on 2017-12-21.

What is the lowest price of WAXP?

WAXP has an all-time low (ATL) of $0.01596, recorded on 2019-12-30.

WAX price prediction

Set your prediction

When is a good time to buy WAXP? Should I buy or sell now?

When deciding whether to buy or sell WAXP, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget WAXP technical analysis can provide you with a reference for trading.
According to the WAXP 4h technical analysis, the trading signal is Buy.
According to the WAXP 1d technical analysis, the trading signal is Sell.
According to the WAXP 1w technical analysis, the trading signal is Buy.
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WAX price performance in USD

24h7d30d90d1yAll-time
+0.46%+14.82%-16.10%+34.37%+12.42%-62.62%

WAX price history in USD

TimeLowHigh
24h$0.07275$0.07501
7d$0.06042$0.07655
30d$0.05741$0.1229
90d$0.05285$0.1229
1y$0.03646$0.1229
All-time$0.01596(2019-12-30, 4 years ago )$5.01(2017-12-21, 6 years ago )

WAX market information

Market cap
$256,936,959.37
+0.46%
Fully diluted market cap
$311,705,107.9
+0.46%
Volume (24h)
$8,604,821.63
-31.34%
Market rankings
Circulation rate
+82.00%
24h volume / market cap
0.0334
Circulating supply
3,436,486,700 WAXP
Total supply / Max supply
4.17B WAXP
-- WAXP
ICO price
$0.3200 ICO details

WAX ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

WAX Social Data

In the last 24 hours, the social media sentiment score for WAX was 2.7, and the social media sentiment towards WAX price trend was Bearish. The overall WAX social media score was 24, which ranks 116 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,626,636 times, with WAX being mentioned with a frequency ratio of 0.01%, ranking 288 among all cryptocurrencies.

In the last 24 hours, there were a total of 182 unique users discussing WAX, with a total of WAX mentions of 141. However, compared to the previous 24-hour period, the number of unique users increase by 1%, and the total number of mentions has increase by 11%.

On Twitter, there were a total of 3 tweets mentioning WAX in the last 24 hours. Among them, 33% are bullish on WAX, 67% are bearish on WAX, and 0% are neutral on WAX.

On Reddit, there were 2 posts mentioning WAX in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 100% . Additionally, there were 0 comments mentioning WAX. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
2.7
Social score(24h)
24(#116)
Social contributors(24h)
182
+1%
Social mentions(24h)
141(#288)
+11%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
3
+50%
Twitter sentiment(24h)
Bullish
33%
Neutral
0%
Bearish
67%
Reddit
Reddit score(24h)
1
Reddit posts(24h)
2
+100%
Reddit comments(24h)
0
0%

About WAX(WAXP)

What Is WAX?

WAX, or Worldwide Asset eXchange, is a blockchain platform and cryptocurrency specifically designed for trading virtual items such as in-game assets, digital art, and other collectibles. Launched in 2017 by the founders of OPSkins, WAX aims to create the largest peer-to-peer marketplace for digital assets, focusing on decentralization, interoperability, transparency, and efficiency. It has gained immense popularity in the gaming and NFT communities due to its user-friendly approach and its focus on virtual item trading and fractional ownership.

WAX is a carbon-neutral blockchain, making it a distinctive and environmentally friendly choice in the blockchain ecosystem. It is hyper-focused on video games and virtual collectibles, providing a decentralized marketplace where users can trade virtual items directly without intermediaries.

Resources

Whitepaper: https://github.com/worldwide-asset-exchange/whitepaper

Official Website: https://www.wax.io/

How Does WAX Work?

WAX operates using a Delegated Proof of Stake (DPoS) consensus mechanism, which is known for its speed and scalability, allowing for the efficient management of block production. In this system, WAX token holders use their tokens to vote for WAX Guilds, who are responsible for producing blocks on the WAX blockchain. This mechanism ensures that the blockchain is secure and transactions are processed swiftly, with a block being produced every thirty seconds.

The platform is also fully compatible with EOS, enabling developers to easily build and deploy applications on the WAX blockchain using EOSIO software. WAX provides a suite of tools and services such as WAX Cloud Wallet, WAX Creator, WAX ExpressTrade, and WAX Random Number Generator to help developers create engaging and immersive experiences for users. It also supports vIRLs, patented NFTs that can be redeemed for real-world products and services, offering dynamic functionality including app-video game integrations, marketing tools, and V-commerce capabilities.

WAX has introduced the world's first carbon-neutral NFTs, known as vIRL NFTs, which are linked to physical objects and are carbon offset. This initiative aligns with WAX's commitment to reducing its carbon footprint and achieving carbon-negative status. The platform also allows for the creation and trading of virtual items, which can be transferred across different games and platforms, providing users with increased flexibility and utility for their digital assets.

What Is WAXP Token?

WAXP is the native token of the WAX blockchain, serving various functions including paying transaction fees, purchasing virtual items, and participating in governance decisions on the network. It is used as a payment and trading token, allowing users to purchase virtual goods on WAX. WAXP is also the reward for staking or producing blocks, and it can be traded or purchased on major exchanges such as Bitget. The token is essential for securing the blockchain in proof-of-stake and is used to pay for fees when creating and using smart contracts.

WAX's Impact on Finance

WAX's innovative approach to virtual item trading and its focus on gaming and NFTs have positioned it as a leader in the blockchain industry, potentially revolutionizing e-commerce and gaming industries. By enabling seamless and secure trade of digital assets, WAX provides a practical framework for future projects in the financial sector, particularly in the realms of decentralized finance (DeFi) and NFT marketplaces.

The platform's emphasis on user-friendly experiences and its ability to support fractional ownership have made it accessible to a broader audience, allowing more users to participate in the ownership and trading of high-value items. WAX's commitment to environmental sustainability through carbon-neutral NFTs also sets a precedent in the industry, contributing to its notoriety and appeal to environmentally conscious investors and users.

What Determines WAX's Price?

The value of WAX token (WAXP), much like other tokens, is shaped by a multitude of elements, reflecting the intricate nature of the cryptocurrency market. Supply and demand on various platforms, including cryptocurrency exchanges like Bitget where it can be acquired and traded, are fundamental in determining its price. When there’s a surge in demand for WAXP, often spurred by encouraging cryptocurrency news or emerging trends in the cryptocurrency market, its value is likely to escalate. On the flip side, if the market is flooded with WAXP or it encounters unfavorable news or developments, its value is inclined to diminish.

Market sentiment, fueled by cryptocurrency enthusiasts, influencers, and connoisseurs, is another pivotal factor in shaping the value of WAXP. Discussions, analyses, and predictions within the crypto community and by cryptocurrency experts can significantly sway investor sentiment and, subsequently, the value of WAXP. Moreover, the overarching conditions of the cryptocurrency market, encompassing market volatility, regulatory landscapes, and the level of cryptocurrency adoption, can also impact WAXP’s value. For example, broad acceptance or positive regulatory developments can boost WAXP’s value, whereas restrictive regulations or a downturn in the crypto market can lead to a decline. Those contemplating investing in WAXP are encouraged to stay informed about the latest in cryptocurrency news, events, and trends and to seek advice from seasoned experts to determine whether WAXP is a sound investment looking forward to 2023 and beyond.

How to buy WAX (WAXP)

Buying WAX on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy WAX (WAXP) .

Trade WAXP perpetual futures

After having successfully signed up on Bitget and purchased USDT or WAXP tokens, you can start trading derivatives, including WAXP futures and margin trading to increase your income.

The current price of WAXP is $0.07477, with a 24h price change of +0.46%. Traders can profit by either going long or short onWAXP futures.

Join WAXP copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or WAXP tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of WAX.

What is the current price of WAX?

We update our WAX to USD price in real time. Get the live Price of WAX on Bitget.

What is the 24 hour trading volume of WAX?

Over the last 24 hours, the trading volume of WAX is $8.60M.

What is the all-time high of WAX?

The all-time high of WAX is $5.01. This all-time high is highest price for WAX since it was launched.

Can I buy WAX on Bitget?

Yes, WAX is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy WAX guide.

Can I get a steady income from investing in WAX?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy WAX with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is WAX a good investment?

Whether WAX (WAXP) is a good investment depends on various factors, and potential investors should conduct thorough research and consider their financial goals and risk tolerance before making any investment decisions. Here are some key factors to consider when evaluating the investment potential of WAX: Purpose and Ecosystem: WAX is specifically designed for NFTs (Non-Fungible Tokens), dApps, and blockchain games. If you believe in the continued growth and adoption of NFTs and blockchain-based applications, WAX's purpose-built ecosystem may be appealing. Utility and Use Cases: WAXP has multiple use cases within the WAX ecosystem, including transaction fees, staking for network security, governance, and participation in NFT-related activities. The utility of a cryptocurrency can contribute to its long-term value. NFT Market: The NFT market has experienced significant growth and attention in recent years, with NFTs being used in various industries, including art, gaming, and entertainment. WAX's focus on NFTs positions it well to benefit from this trend. Competition: Evaluate the competition within the NFT and blockchain gaming space. WAX competes with other blockchains and ecosystems targeting similar use cases. Assess WAX's unique features and advantages compared to its competitors.

What factors influence WAX price?

The price of WAXP, like other cryptocurrencies, is influenced by a range of factors. Understanding these factors can help you make informed decisions when trading or investing in WAX: NFT Market Trends: The demand for NFTs and trends within the NFT market can have a direct impact on WAX's price. Positive developments in the NFT space, such as high-profile NFT sales or increased adoption, can drive interest in WAX. Blockchain Developments: Updates, improvements, and developments within the WAX blockchain can affect its attractiveness to users and developers. New features, scalability improvements, or security enhancements can positively influence price. Adoption and Partnerships: Partnerships with established brands, artists, and projects can increase WAX's visibility and usage. Increased adoption of the WAX blockchain and its associated tokens can contribute to price appreciation. Market Sentiment: Cryptocurrency markets are sentiment-driven. Positive news, endorsements, or investor enthusiasm can drive up prices, while negative sentiment can lead to price declines.

What is WAX ecosystem?

WAX is an ecosystem specifically designed for the development of NFTs, dApps, and blockchain games. The token WAXP is the native token of this ecosystem. Why is an ecosystem tailored for NFTs important in 2022? As you've probably understood, the development and market of NFTs have accelerated in 2021. This is partly due to NFTs, unique non-fungible tokens, becoming increasingly multifunctional. It began as collectible items or artwork, such as the well-known CryptoPunks. Each CryptoPunk is unique, and the NFT ensures its authenticity. However, NFTs can do much more. For example, a utility NFT, like a unique key, grants access to specific services or communities. A Bored Ape Yacht Club NFT is not just a collectible item; it provides access to the Yacht Club. This might include the right to claim certain NFTs in a members-only airdrop. Media and marketing guru GaryVee has also released a collection of NFTs that serve as both collectible artwork and membership cards for his exclusive club. With a utility NFT, you can also participate in blockchain games, as seen with the Axie NFTs in one of the most famous NFT games, Axie Infinity. The possibilities with NFTs are becoming increasingly diverse. For example, NFTs can now evolve. A Bored Ape Yacht Club NFT, for instance, can mutate by adding a Potion token. A mutated ape gains new rare attributes, making it more valuable. WAX is a purpose-built blockchain for creating purpose-built NFTs. In other words, it's a blockchain with a clear mission to develop NFTs that provide added value due to their function in a dApp or game.

What components does WAX ecosystem have?

What does the WAX ecosystem consist of? In a blockchain environment, it offers everything needed to launch an NFT collection. WAX focuses on brands looking to enter the crypto world or metaverse through NFTs. The ecosystem provides the following services or resources: Exchanges - For trading NFTs and tokens. WAX Cloud Wallet - Storage for NFTs and tokens. Intellectual Property Licensing - The ability to establish ownership of creations, such as artwork or designs, through an NFT. DEX - Decentralized Exchanges. Marketplaces - WAX is a network where several NFT marketplaces have been developed. Atomic Marketplace is a dApp on the network that simplifies the creation of a marketplace. NeftyBlocks is an example of a marketplace on WAX where you can trade assets, including collectible NFTs and in-game assets. Games: WAX hosts a total of 22 games (as of early 2022). WAX is popular as an ecosystem for games because playing or trading in NFTs from games does not incur high gas fees. Some of the most played blockchain games can be found on the WAX network. Farmers World, a game where you run a farm to earn tokens and NFTs, often ranks as the top game on DappRadar, a dApp ranking site. Development Space - Hive is WAX's developer space where developers can access tools to create dApps, games, or NFTs. WAX Lab is a development space and fund where developers can receive support to develop a project.

What makes WAX unique?

WAX vIRLⓇ NFTs have been specially developed by WAX. We've discussed the increasing trend of NFTs with new functionalities. With vIRL NFTs, WAX takes this a step further, introducing new features such as: App and Video Games Integration Marketing Tools V-commerce Capabilities A vIRL NFT essentially represents the virtual version of a real-world asset, like a pair of exclusive sneakers. The vIRL is tethered to a fiat currency similar to a stablecoin. This means you can trade your vIRL NFT without physically shipping or receiving the real asset immediately. Ownership is established virtually, and a sale can be virtually recorded, which is convenient for quick trading on a marketplace. When you redeem or claim the vIRL NFT, you then receive the physical item

What is WAX token use case?

The tokens of an ecosystem are indispensable, comparable to oxygen in Earth's ecosystem, ensuring all organisms receive nutrients and fuel. What are the various functions of the WAXP token? Transaction Medium - For purchasing NFTs or other products or services within the WAX network. Staking and Voting - Tokens staked are used as fuel for all transactions in the ecosystem. Higher staking keeps transaction costs low and contributes to token scarcity on exchanges, potentially preventing price drops. Staked WAXP tokens can be claimed at any time and are guaranteed payout, with stakers receiving additional rewards. Staking also grants a vote in selecting block producers, essential for blockchain development and adding blocks to the blockchain. Voting for a reliable producer lets you share in the rewards they receive for creating a block. Funds WAX Labs - This is the development section where developers can create projects on the WAX blockchain. Projects may also receive investments in WAXP tokens for development. Community voting admits a project. DeFi - WAXP tokens can also be used in various DeFi systems to generate ETH and WAXG governance tokens. The rollout and possibilities with DeFi were still underway at the beginning of 2022.
Cryptocurrency investments, including buying WAX online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy WAX, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your WAX purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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WAXP is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support WAXP trades.
You can trade WAXP on Bitget.

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Total profit $1,371,648.69
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Total profit $3,800.71
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