WAX WAXP Coin Analysis and Markets in 2020

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Last modified on 11. October 2020

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Quarters

Quick Facts

WAX is a relatively large cryptocurrency. At the beginning of October 2020, it had a market capitalization of nearly US$ 52 million, accounting for about 0.015 percent of the digital currency market.¹^|2 WAXP is its ticker symbol.

In January 2018, the collection of real-time trading data for WAX launched on coinmarketcap.com.

wax.io

Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, WAX had an average trading volume of nearly US$ 1.1 m per day for the first trimester of 2019. This figure came to over US$ 9.1 m during the same period the year before. The trading volume dropped by 88.5 percent accordingly.

For the first trimester of 2019, the average market capitalization was over US$ 41 m. In the same period of 2018, this figure came to over US$ 170 m. Market capitalization dropped down accordingly by 75.9 percent.

Trading Price

In the first trimester of 2019, the average trading price was US$ 0.045606. In the same period of 2018, this figure came to nearly US$ 0.39. The corresponding price drop down was 88.2 percent.

The all-time high of WAX in 2018

WAX WAXP Price analysis generated by coindashboards.com — Price analysis for the most important moments in WAX’s trading history (WAXP)

The price of the WAX currency climbed to a high in January 2018 at US$ 1.32. The equivalent market capitalization of the coin reached over US$ 574 million. WAX was an outlier here.

WAXs all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 217 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 908 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 115 billion.

WAX (WAXP): 0.574 bn US dollars
Bitcoin (BTC): 217 bn US dollars
Apple (AAPL): 908 bn US dollars
VW (VWAGY): 115 bn US dollars
Date: 20 January 2018

March 2019: an interesting date following the big cryptocurrency crash

On 1 March 2019, the price of WAX stood at US$ 0.043529 with a market capitalization of nearly US$ 40.4 million. Compared with the peak trading price stated above, this represents a retracement down to approximately 3.3 percent.

Bitcoin dropped down to approximately 19.5 and Ethereum to about 9.7 percent of their all-time-high trading prices around that time.

More Details

The WAX-Coin is not created by mining. It has no maximum number of coins, unlike TRON, for example. Those interested in the source code should also take a look at the GitHub page.

Current WAX transactions can be tracked using this block explorer, which also displays block height and other recent statistics.

To find out more about WAX, download the white paper or find more links to community forums, source code and social media accounts, visit wax.io.

Markets

WAX WAXP Market analysis generated by coindashboards.com — Markets on which WAX (WAXP) can be traded

USD

A large market for buying or selling WAX in USD is Bitfinex. There are additional platforms where you can buy or sell WAX, including Bittrex, Bittrex and Huobi Global, among others.

BTC

A large market for buying or selling WAX in BTC is Bitfinex. Additional trading platforms for buying or selling WAX in BTC are VCC Exchange, Bittrex and Huobi Global, among others.

Social Links

You can contact the WAX team directly by going to the following social media channels:

^{1. This figure changes to 0.0349 percent when taking Bitcoin out of the equation.}

^{2. Read about our sources}