Bullish WRX price prediction is $0.3238 to $1.3482.
WazirX (WRX) price might also reach $2 soon.
Bearish WRX price prediction for 2022 is $0.1584.
In WazirX’s (WRX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about WRX to analyze the future movement of the cryptocurrency.
WazirX (WRX) Current Market Status
According to CoinGecko, the price of WazirX (WRX) is $0.210593 with a 24-hour trading volume of $ 31,170,946 at the time of writing. However, WRX has increased by nearly 4.7% in the last 24 hours.
Moreover, WazirX (WRX) has a circulating supply of 456,517,027 WRX. WazirX (WRX) trades in cryptocurrency exchanges such as Binance, Gate.io, KuCoin, FTX and Poloniex.
What is WazirX (WRX)?
WazirX is one of India’s most trusted cryptocurrency exchanges. WRX is the utility token of WazirX. It is based on Binance blockchain WRX token holders will be rewarded with various benefits on the trading exchange like trading fee discounts, WRX trade mining, token airdrop, margin fee, and some more. The main goal of the WazirX is to make crypto accessible to everyone in India.
WazirX (WRX) Price Prediction 2022
WazirX (WRX) holds the 253rd position on CoinGecko right now. WRX price prediction 2022 is explained below with a daily time frame.
The above chart of WazirX (WRX) laid out the Horizontal channel pattern, also known as the sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.
Currently, WazirX (WRX) is in the range of $0.2226 If the pattern continues, the price of WRX might reach the resistance levels of $0.2294, $0.3138 and $0.5683. If the trend reverses, then the price of WRX may fall to $0.1660.
WazirX (WRX) Support and Resistance Level
The below chart shows the support and resistance level of WRX.
From the above daily time frame, it is clear the following are the resistance and support levels of WRX.
Resistance Level 1
Resistance Level 2
Support Level 1
Support Level 2
Support Level 3
WRX Resistance & Support Level
The charts show that WazirX (WRX) has performed a bullish trend over the past month. If this trend continues, WRX might run along with the bulls overtaking its resistance level at $1.3482.
Accordingly, if the investors turn against the crypto, the price of WazirX (WRX) might plummet to almost $ 0.1584, a bearish signal.
WazirX (WRX) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of WazirX (WRX) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of WRX lies above the cutoff line, indicating strong participants in the current trend.
Also, the Moving Average (MA) of WazirX (WRX) is shown in the chart above. Notably, WazirX (WRX) price lies above 50 MA (short-term), so it is in an uptrend. Currently, WRX has entered a bullish state. Therefore, there is a possibility of a reversal trend of WRX at any time.
Meanwhile, the relative strength index (RSI) of the WRX is 51.11. This means that WazirX (WRX) is in an overbought state. However, this means a major price reversal of WRX may occur in the upcoming days. So, traders need to trade carefully.
WazirX (WRX) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of WazirX (WRX) . It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of WazirX (WRX) . Currently, the ADX of WRX lies in the range of 44.4102and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of WazirX (WRX) . RVI measures the constant deviation of price changes over a period of time. The RVI of WRX lies below 50, indicating low volatility. In fact, the RSI of WazirX (WRX) is at 51.11 thus confirming a potential sell signal.
Comparison of WRX with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and WazirX.
From the above chart, we can interpret that the price action of WRX is similar to BTC and ETH. This indicates that when the price of BTC and ETH increases, the price of WRX increases.When the price of BTC and ETH decreases,the price of WRX decreases.
WazirX (WRX) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, WazirX (WRX) might probably attain $3 by 2023.
WazirX (WRX) Price Prediction 2024
With several upgrades in the network, WazirX (WRX) might enter a bullish trajectory. If the coin grabs the attention of major investors, WRX might rally to hit $4 by 2024.
WazirX (WRX) Price Prediction 2025
If WazirX (WRX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, WRX would rally to hit $5.
WazirX (WRX) Price Prediction 2026
If WazirX (WRX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, WRX would rally to hit $6.5.
WazirX (WRX) Price Prediction 2027
If WazirX (WRX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, WRX would rally to hit $7.5.
WazirX (WRX) Price Prediction 2028
WazirX (WRX) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, WRX would hit $8.5 in 2028.
WazirX (WRX) Price Prediction 2029
If investors flock in and continue to place their bets on WazirX (WRX) , it would witness major spikes. WRX might hit $9.5 by 2029.
WazirX (WRX) Price Prediction 2030
With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in WRX for the next 8 years and drive significant price rallies for the token. Hence, WazirX (WRX) might hit $10 by 2030.
With continuous improvements in the WazirX Network, we can say that 2022 is a good year for WRX. For this reason, the bullish price prediction of WazirX (WRX) in 2022 is $1.3482. On the other hand, the bearish price prediction of WazirX (WRX) price prediction for 2022 is $ 0.1584.
Furthermore, with the advancements and upgrades to the Basic Attention Token ecosystem, the performance of WRX would help to reach above its current all-time high (ATH) of $5.88 very soon. But, it might also reach $2 if the investors believe that WRX is a good investment in 2022.
1. What is WazirX?
WazirX is one of India’s most trusted cryptocurrency exchanges. WRX is the utility token of WazirX.
2. Where can you purchase WRX?
WRX has been listed on many crypto exchanges which include Binance, Gate.io, KuCoin, FTX and Poloniex.
3. Will WRX reach a new ATH soon?
With the ongoing developments and upgrades within the WRX platform, it has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of WazirX?
On April 05, 2021, WRX reached its new all-time high (ATH) of $5.88.
5. Is WRX a good investment in 2022?
WazirX (WRX) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of WRX in the past few months, WRX is considered a good investment in 2022.
6. Can WazirX (WRX) reach $2?
WazirX (WRX) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then WazirX (WRX) will hit $2 soon.
7. What will be the WRX price by 2023?
WazirX (WRX) price is expected to reach $3 by 2023.
8. What will be the WRX price by 2024?
WazirX (WRX) price is expected to reach $4 by 2024.
9. What will be the WRX price by 2025?
WazirX (WRX) price is expected to reach $5 by 2025.
10. What will be the WRX price by 2026?
WazirX (WRX) price is expected to reach $6.5 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Terra Classic (LUNC) has increased more than 70% during the past week.
LUNC is currently trading around $0.0003183.
The Terra Classic (LUNC) witnessed a significant price surge in the past few days, following the recent announcement from the Binance exchange, regarding the Terra Classic burn mechanism. In the last week, the price of LUNC has increased by more than 70%. It also registered a price surge of 44% in the past month.
LUNC’s Rapid Surge
According to CMC, the token plunged to $0.0001825 in its value, during the past 30 days. However, in the same month, LUNC attained an impressive price rush, registering $0.0005888. Following LUNC’s positive price actions, the token raised into the top 10 cryptocurrencies by trading volume. Currently, Terra Classic is pumping up its market cap to nearly $2 billion.
The leading cryptocurrency exchange, Binance recently announced its plans to reduce the token’s supply. Binance implemented Terra’s 1.2% burn tax on September 26. Within an hour of the announcement from the exchange, the price of LUNC increased by more than 45%.
Binance will implement a burn mechanism to burn all trading fees on LUNC spot and margin trading pairs by sending them to the LUNC burn address.
Moreover, the Terra Classic (LUNC) is currently trading around $0.0003183 with a one-day trading volume of $960,852,634. However, LUNC has decreased by nearly 10.18% in the last 24 hours. The token has a circulating supply of 6,151,072,613,161 LUNC, as per CMC.
Providing streamlined access to a comprehensive DeFi ecosystem will usher in the next generation of crypto users. TIDEFI wants to become that gateway into decentralized finance through its DEX and with one ecosystem asset. Moreover, the project appeals to market makers, traders, and builders, establishing a crucial foundation for Web3 development.
Unfracturing DeFi Access
In the current decentralized finance landscape, financial equality remains tricky to come by. More specifically, there are many opportunities in the industry, but most are only accessible if one has sufficient knowledge of the broader industry and its currencies. TIDEFI aims to simplify this process by unlocking decentralized finance for everyone.
Exploring traditional DeFi opportunities and protocols requires specialized software for different networks and solutions, assets across various blockchains, and the ability to keep track of everything. It is not something most newcomers want to approach, as it is overly complex. Instead, they seek a streamlined and more accessible ecosystem providing the necessary tools and a unified experience across all devices.
TIDEFI offers a native standalone application that is different from traditional browser-based DeFi access. It is an application that provides all the necessary tools and features and works across all major desktop PC operating systems. Additionally, the same look and feel will come to dedicated applications for Android and IOS later this year.
Moreover, it is crucial to understand how TIDEFI came to be. Its mainnet launch and DEX app are two essential milestones. The team achieved both roadmap goals without VC funding or unnecessary presales, although the project has 2.5 million GBP in seed round funding. Instead, they will bring more value to the community and set the stage for the distribution of 320 million TDFY tokens – 32% of the supply minted during Genesis – accordingly.
Driving Community Value
The TDFY Sunrise Pool and community treasury will unlock value for the community. The Sunrise Pool will provide initial liquidity for TDFY and help holders explore DeFi opportunities. In addition, the community treasury is set up to attract builders and developers creating on top of TIDEFI’s infrastructure. Additionally, there is one base currency for the DEX and the layer-1 ecosystem to incentivize community participation.
“Looking at the industry over the last couple years, specifically in the exchange space, we wanted to build a secure DEX that leveraged the price discovery and speed of a CEX, whilst giving the user complete control of their funds. Combining this with chain agnostic interoperability, we are excited to offer a transparent ecosystem for our community to participate in,” said TIDEFI Co-founder and CEO Daniel Elsawey.
One crucial difference TIDEFI brings to the table is enhancing decentralized finance with untraditional features. For instance, users can rely on limit orders through the native decentralized exchange, among other benefits.
XinFin (XDC) Network, known for secure, scalable, and highly efficient blockchain use cases have received an investment worth $50 million from the global alternative investment group, LDA Capital Limited. The investment originated by leveraging a portion of the token from the XDC founder’s allocation.
Ritesh Kakkad and Atul Khekade, the co-founders of XDC Network, are certain that the collaboration will accelerate network adaption and real-world use cases. The LDA is seen as a strategic partner rather than just a financier. The XDC founders have competence in the LDA due to their proactive and strategic involvement in the network to improve the ecosystem.
“We’ve always looked for genuine strategic partners, not just funders, who can actively and strategically advance the ecosystem, while bringing utility to the network, and making XDC the preferred Layer 1 for institutions the world over–in LDA, we’ve found such a partner.”
The onboarding of LDA Capital benefits the XDC’s new ventures and entities focused on bringing in new retail and institutional members. The XDC’s smart contract based initiatives have expanded dramatically since its introduction in 2019. It is anticipated that this new relationship would encourage the growth and development of Layer 2 projects inside the XDC Ecosystem.
Anthony Romano, LDA Capital Ltd. stated:
“LDA Capital is pleased with the developments made in the XDC Network by the XDC ecosystem. In addition to its funding, LDA will offer strategic counsel and support to help XDC Blockchain Network assume its position as a market leader.”
Apart from the macro-economic benefits, projects like DEXs, Metaverses, NFT marketplaces, oracles, decentralized email providers & cloud storage, payment dApps, and legal document repositories are all roots of XDC utilities. The add-on of LDA support will further intensify the expansion rate in the XDC ecosystem as a whole.
Ethereum started a fresh decline from the $1,350 resistance against the US Dollar. ETH retested $1,255 and remains at a risk of more losses.
Ethereum started another decline after it failed to clear the $1,375 zone.
The price is now trading below $1,320 and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $1,300 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could decline sharply if it stays below the $1,350 level for a long time.
Ethereum Price Turns Red
Ethereum failed to gain pace above the $1,350 resistance zone. ETH started a fresh decline below the $1,320 support zone and the 100 hourly simple moving average.
The bears even pushed the price below the $1,300 level. Ether price retested the $1,260 support zone. A low was formed near $1,264 and the price is now consolidating losses. It is now trading below $1,320 and the 100 hourly simple moving average.
On the upside, the price is facing resistance near the $1,300 zone. There is also a key bearish trend line forming with resistance near $1,300 on the hourly chart of ETH/USD. The trend line is near the 23.6% Fib retracement level of the recent decline from the $1,373 swing high to $1,264 low.
The first major resistance is near the $1,320 level and the 100 hourly simple moving average. The 50% Fib retracement level of the recent decline from the $1,373 swing high to $1,264 low is also near $1,318.
Source: ETHUSD on TradingView.com
A clear break above $1,320 might start a decent increase towards the $1,350 level. Any more gains may perhaps open the doors for a move towards the $1,400 resistance zone, above which the price could surge to $1,450.
Fresh Decline in ETH?
If ethereum fails to climb above the $1,320 resistance, it could start a fresh decline. An initial support on the downside is near the $1,260 level.
The next major support is near the $1,250 level. A downside break below the $1,250 level might send the price towards the $1,220 support. Any more losses could increase selling and the price might drop to $1,200 or even towards $1,150.
Hourly MACD – The MACD for ETH/USD is now losing momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now just below the 50 level.
DUBAI, United Arab Emirates–(BUSINESS WIRE)–The founders of the XDC Network have leveraged a portion of their personal token allocations to secure a $50 million commitment from global alternative investment group LDA Capital Limited to accelerate the expansion and development of Layer 2 projects across the XDC Ecosystem and to facilitate network adoption and real-world utility. LDA support will help fund new ventures and entities laser-focused on increasing network adoption among retail and institutional participants, jumpstarting on-chain activity and Total Value Locked (TVL), and supporting technological innovation.
Launched in 2019, the XDC Network is an enterprise-grade, carbon-neutral, hybrid blockchain purpose-built from the ground up to meet the growing needs of global financial institutions, retail users, and entrepreneurs for fast, secure, decentralized network products. The number of (Smart Contract based) projects built on XDC has already grown relentlessly and exponentially, despite macro-economic conditions being what they are, with DEXs, Metaverses, NFT marketplaces, oracles, decentralized email providers and cloud storage, payment dApps, legal document repositories, and tokenized real-world assets (to name but a few) all planting roots in the network in recent months. And, with the addition of LDA’s support, the pace of growth will only accelerate further.
“Our collaboration with LDA will usher in an exciting new period in the XDC Network’s history by enabling unprecedented growth of the Layer 2 ecosystem across various use-cases, with an emphasis on bringing ever more value TVL (“Total Value Locked”) to the network via hyper-scalable dApps, DEXs,TradeFi/DeFi and advanced products filling the gaps between traditional and decentralized finance.” – Ritesh Kakkad, Co-founder XinFin (XDC) Network.
“Though there have been many institutional funds eager to participate in the XDC Network over the years, we’ve always looked for genuine strategic partners, not just funders, who can actively and strategically advance the ecosystem, while bringing utility to the network, and making XDC the preferred Layer 1 for institutions the world over–in LDA, we’ve found such a partner.” – Atul Khekade, Co-founder XinFin (XDC) Network.
“LDA Capital is pleased with the developments made in the XDC Network by the XDC ecosystem. In addition to its funding, LDA will offer strategic counsel and support to help XDC Blockchain Network assume its position as a market leader.” – commented Anthony Romano, LDA Capital Ltd.
About LDA Capital
LDA Capital is a global alternative investment group with expertise in cross border transactions worldwide. Our team has dedicated their careers to international & cross border opportunities having collectively executed over 250 transactions in growth stage businesses across 43 countries with aggregate transaction values of over US$11 billion. For more information please visit: www.ldacap.com; For inquires please email: [email protected]
About XDC Network
The XDC Network is an open-source, carbon-neutral, enterprise-grade, EVM- (Ethereum virtual machine) compatible, Layer 1 blockchain that has been operationally successful since 2019. The network obtains consensus via a specially delegated proof-of-stake (XDPoS) technique that allows for 2-second transaction times, near-zero gas expenses ($0.0001), over 2000 TPS, and interoperability with ISO 20022 financial messaging standards. The XDC Network powers a wide range of novel blockchain use cases that are secure, scalable, and highly efficient.
Bitcoin price is struggling to climb above the $20,000 resistance against the US Dollar. BTC could decline heavily if there is a close below the $18,500 support.
Bitcoin remained in a range and stayed above the $19,000 support zone.
The price is trading below $19,400 and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $19,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh decline if there is a clear move below the $18,500 support.
Bitcoin Price Stuck In a Range
Bitcoin price attempted a fresh increase above the $19,000 resistance zone. BTC climbed above the $19,250 level and the 100 hourly simple moving average.
The price even gained pace above the $19,500 resistance and spiked above $20,000. However, the bears were active above the $20,000 resistance zone. A high was formed near $20,177 and the price started a downside correction.
There was a move below the $19,500 level. Besides, there was a break below a key bullish trend line with support near $19,350 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below $19,400 and the 100 hourly simple moving average.
A low is formed near $18,937 and the price is consolidating losses. It is trading near the 23.6% Fib retracement level of the recent decline from the $20,177 swing high to $18,937 low.
On the upside, an immediate resistance is near the $19,400 level and the 100 hourly SMA. The next major resistance sits near the $19,560 zone. It is close to the 50% Fib retracement level of the recent decline from the $20,177 swing high to $18,937 low.
Source: BTCUSD on TradingView.com
A clear move above the $19,560 resistance might start a fresh increase. In the stated case, the price could even surpass the $20,000 resistance zone. The next major resistance is near the $20,500 zone.
Another Drop in BTC?
If bitcoin fails to rise above the $19,560 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $19,000 zone.
The next major support is near the $18,580 zone. The main support is near $18,500, below which there could be a sharp drop to $18,000. Any more losses might call for a drop towards the $17,500 support.
Hourly MACD – The MACD is now losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $19,000, followed by $18,580.
Major Resistance Levels – $19,560, $20,000 and $20,500.