
WAX priceWAXP
WAXP/USD price calculator
In-depth analysis of WAX's market trends today
WAX market summary
The current price of WAX (WAXP) is $0.006505, with a 24-hour change of +0.05%. The current market capitalization is approximately $29,778,947.6, and the 24-hour trading volume is $1,234,481.32.
WAX Key Takeaways
Based on the real-time chart analysis from Bitget, the current technical structure of WAX (WAXP) indicates a key market support level at $0.0385 and a primary resistance level at $0.0460. If the WAX price moves out of this range, it could trigger a new trend momentum. Overall, the market is currently in a Consolidation phase, with price fluctuations primarily concentrated within these key technical boundaries.
Technical Indicators
RSI: Currently at 48.5, indicating that market momentum is Neutral, with neither overbought nor oversold conditions dominating.
MACD: The signal shows a Neutral-to-Bearish crossover, with the histogram hovering near the zero line, suggesting a lack of strong directional conviction.
MA Structure: The price is currently trading slightly below the 50-day moving average, indicating that the medium-term trend is under pressure, while staying above immediate short-term support levels.
Market Drivers
The current WAX price and market conditions are primarily influenced by the following factors:
• NFT and Gaming Ecosystem Activity: As a leading blockchain for Web3 gaming and digital collectibles, network utilization and partnership announcements significantly impact investor sentiment.
• Market Liquidity and Correlation: WAXP continues to show a high correlation with major altcoin movements and overall Bitcoin price stability.
• Staking and Governance Participation: Changes in the WAX tokenomics and staking rewards are driving localized supply and demand dynamics.
Trading Signals
Potential Buy Zone
• If the WAX price approaches the $0.0385 - $0.0395 range and shows signs of a bounce, it may present a short-term buying opportunity.
• If the WAX price breaks above $0.0460 with significant trading volume, it could confirm the start of a new upward trend.
Risk Scenario
• If the WAX price falls below the $0.0380 support level, the market may enter a deeper short-term correction phase, potentially testing lower liquidity zones.
Buy Strategy
Conservative Investors
• Wait for the WAX price to pull back to the $0.0385 support level and enter in batches upon confirmation of support.
• Alternatively, wait for a confirmed breakout and close above the $0.0460 resistance before entering on the retest.
Trend Investors
• If WAX breaks the $0.0460 resistance, a new bullish trend may form. The next target price in this scenario is approximately $0.0520.
Long-term Investors
• As long as the market remains above the $0.0350 macro support level, the long-term structural integrity remains intact for gradual accumulation.
Trends Summary
Market Insights
From a short-term perspective, WAX has exhibited a Range-bound price structure over the past 7 days, and market sentiment is generally Cautious. Traders are waiting for a decisive breakout from the current accumulation zone.
Market Outlook
If WAX successfully breaks above $0.0460, the next target price could be $0.0520. If the price fails to hold the $0.0385 support, the next downside target could be $0.0350.
Market Consensus
The consensus among analysts is that while WAX may experience volatility or sideways movement in the short term, as long as the price stays above the key $0.0385 support, the medium-term outlook remains Neutral-to-Positive with potential for recovery.
Now that you understand the market, it's time to buy and trade. Over 100 million crypto users choose to trade on Bitget. Bitget supports a wide range of trading methods for crypto assets such as WAX, including buying, selling, spot trading, futures trading, on-chain trading, and staking. It also offers one of the most advantageous transaction fee rates across the entire industry!
Sign up for a free Bitget account and start trading now!Risk disclaimer
The above analysis is based on Bitget's real-time chart data and technical indicators, compiled and reviewed by the Bitget research team. It is for reference only and does not constitute investment advice. Cryptocurrency prices are highly volatile. Please make investment decisions based on your own risk tolerance.

GetAgent: Your AI for smarter trading decisions
WAX market info
Live WAX price today in USD
Do you think the price of WAX will rise or fall today?
Now that you know the price of WAX today, here's what else you can explore:
How to buy WAX (WAXP)?How to sell WAX (WAXP)?What is WAX (WAXP)What would have happened if you had bought WAX (WAXP)?What is the WAX (WAXP) price prediction for this year, 2030, and 2050?Where can I download WAX (WAXP) historical price data?What are the prices of similar cryptocurrencies today?Want to get cryptocurrencies instantly?
Buy cryptocurrencies directly with a credit card.Trade various cryptocurrencies on the spot platform for arbitrage.WAX price prediction
When is a good time to buy WAXP? Should I buy or sell WAXP now?
What will the price of WAXP be in 2027?
In 2027, based on a +5% annual growth rate forecast, the price of WAX(WAXP) is expected to reach $0.007057; based on the predicted price for this year, the cumulative return on investment of investing and holding WAX until the end of 2027 will reach +5%. For more details, check out the WAX price predictions for 2026, 2027, 2030-2050.What will the price of WAXP be in 2030?
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.
Learn more about WAX on Bitget Academy
WUFFI (WUF): The All-in-One Coin and Gaming Phenomenon
Best Apps to Earn Crypto: A 2023 Guide to Earning Cryptocurrency Effortlessly
Bitget Hot Takes (October 23 - October 29)
Bitget Research: Mainstream Assets Fluctuate Downwards, Certain Memecoins and New ERC Protocols Offer Some Hype Opportunities
Bitget Research: Hong Kong’s New Crypto Regulation Comes into Effect, Market Lacks Upward Momentum
Bitget Research: The Lifespan of Memecoins Continues to Shorten, BTC Struggles to Surge and Breaks Below Key Support Level of US$27,500
Bitget Research: Frequent Failures of New Memecoins in a Mixed Bag, Bitget Research Daily Report Launches BRC-20 Monitoring Module Bitget Research
Bitget Research: US Debt Ceiling Crisis Resolved, Cryptocurrencies Enter Phase of Recovery
Bitget Research: Macro Uncertainty Leads to Market Downturn, BTC Tests $26,000 Support Level
Bitget Research: Hong Kong Likely to Allow Retail Investors to Trade Cryptocurrencies, Boosting the Rise of Hong Kong-Related Tokens
Latest WAX news
Bitget Insights
WAXP/USD price calculator
WAXP resources
Tags:
What can you do with cryptos like WAX (WAXP)?
Deposit easily and withdraw quicklyBuy to grow, sell to profitTrade spot for arbitrageTrade futures for high risk and high returnEarn passive income with stable interest ratesTransfer assets with your Web3 walletHow do I buy WAX?
Learn how to get your first WAX in minutes.
1. Create a free Bitget account.
2. Select a funding method.
3. Buy your target crypto.
How do I sell WAX?
Learn how to cash out your WAX in minutes.
1. Create a free Bitget account.
2. Deposit crypto into your Bitget account.
3. Exchange your assets for fiat on the P2P market or for USDT on the spot market.





