Price Analysis

WazirX Token Trades with a Bang; Exhibits 3X Growth on Day 1

India being the hub and center of growth and development through digitalization, is still lacking due to two main reasons viz.,

  • Lack of awareness by the growing young populace
  • Lack of steady support from the government

However, we can’t really miss out on the efforts of WazirX + Crowdfire Founder and CEO, Nischal Shetty who is ingeniously spreading the word #IndiaWantsCrypto hashtag.

In this attempt, India’s leading Cryptocurrency exchange—WazirX is an advanced trading interface with features to Buy, Sell, and Trade cryptocurrencies. Alongside, the potential investors of Cryptocurrency in India can deposit/withdraw these digital assets and also cash in/cash out USDT via P2P with guaranteed speed and security through the WazirX wallet.

Little did we know, this platform will have a bang on growth after having been acquired by Binance in November 2019. And today, here we are the Native token of this premier exchange goes live on Binance, WazirX, CoinDCX, and Koinfox. This happens to be a paramount opportunity of testing WazirX’s deep unification with the most popular exchange Binance.

Having said this, we can’t miss the 1st day of WRX trading on the Binance Launchpad that started from 02:00 am UTC on February 05.

It has opened trading for:
WRX/BNB
WRX/BTC
WRX/USDT
With WazirX being the premier platform in India, Indians can now trade in cryptocurrencies with the ease of crypto escrows where the cycle is as below:

WRX

Going back to how WRX token performed on the very first day after being listed on Binance is the major point of interest.

To our surprise, “WRX has been spreading immensely fast and we could witness the crypto markets getting heated up,” this is what the young Indian Founder and CEO says with his dream to get India evolved with a decentralized future.

WazirX Token (WRX) to USD- Day 1 Price Analysis:

WRX Price Chart
WRX/USD Chart By TradingView

Taking a glance at WRX/USD movement on Binance since the time it went live until the press time, we see that the token is currently trading at $0.06511. Within the given time duration, the token has made an immense growth of over 67% from the trading price of $0.0428 to $0.0717, just yesterday.

Alongside, as soon as it went live, WRX found a massive take as the token was trading over 3x from the initial offering price on the exchange. This happens to be an occasion to celebrate where Nischal Shetty’s campaign #IndiaWantsCrypto hashtag becomes a reality with the mass adoption of the native token.

Other than this, we all know the fact how sentimental and emotionally connected Indians are. Therefore, we believe WazirX token is also likely to hit the sentimental spot and grow immensely as an idea of its enthusiast Founder and CEO.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.
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