Price Analysis

WRX Trades With All Its Potential; Mounts at $0.130

India and Crypto are two words that don’t mingle up together, yet the young aspirant Nischal Shetty has built India’s most trusted Bitcoin and cryptocurrency exchange—WazirX. This premier platform came up with its native token WXR (WazirX) just last week on Binance—the well-known crypto exchange.

To everyone’s surprise, WazirX amazeballs as it marks 48% from the IEO price as on February 05. This is rightly fortifying the deep integration of Binance and WazirX and also helping Indians to adopt the crypto ecosystem.

This upgradation will aid investors to connect their Binance accounts with WazirX for a broadloom process of trading with Fiat leading to no hassles for cashing in and out through INR.

This rightly says a lot about the young entrepreneur who could rightly lure in the trust of the Binance team and CEO, as this happens to be a successful and notable breakthrough. Additionally, Binance’s integration with WazirX’s P2P platform is also completed and we now see the magic trade that is likely to take place over the period of time. Pushing ahead of the hashtag #IndiaWantsCrypto.

Moreover, over a period of 1-week WRX against the US Dollar has been acing the space just as Bitcoin persistently trades above $10,000 and is facing a tough resistance at $10,500.

WazirX Price Analysis

wazirx token price chart
WRX/USD Chart By TradingView

Analyzing the weeklong trend of WRX/USD on Binance, we see that the coin has gained from the initial price of $0.0732 to currently trading at $0.108. The coin is facing an immediate resistance around $0.12 and $0.13 and immediate support at $0.0841. A move above $0.09 has been fetching a market of $12 million and a trading volume of $33,023,172.

With this, WRX is on its way to having a major disruption as an Indian in the crypto world, blessing the investment portfolios of the people.

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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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