In this guide, we will voice our own and market’s opinion on WAXP future while discussing WAX price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like WAX.
Now, let’s head into it. Before we delve deep into the WAX price prediction and answer questions if WAXP is a good investment or not, why will WAXP succeed or fail or why will WAX price rise or drop, let’s quickly throw a glance at what is WAXP and its to date history.
What you'll learn 👉
WAXP Price Prediction For The Next 90 Days
As the first part of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards post-halving rallies, with the BTC halving now behind us. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $65k now, after it hit a new ATH of $73k in March. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $3,500 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.3 trillion.
Below is a tabular overview of how will WAXP develop in the short-term (for the next 90 days), according to our prediction model:
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WAX Price Prediction 2024
The cryptocurrency market has shown promising signs for gains in the first few months of 2024, with Bitcoin leading the charge. BTC has first seen an impressive gain, hit new ATH of around $73k in March, but then retraced to the current levels in the $60-65k area. Total market capitalization is currently at around $2.3 trillion (it around $1 trillion in June last year).
This resurgence is buoyed by several factors, including the approval of Bitcoin spot ETFs in early 2024, which has played a pivotal role in attracting institutional investors and boosting market confidence. Moreover, Bitcoin halving is now behind us, but BTC price didn’t perform well around this event (post-halving retracement mentioned above).
However, the growing interest in various cryptocurrency sectors, such as meme coins, real-world asset (RWA) coins, and AI crypto coins, has also contributed to the bull run, showcasing the market’s evolving nature and its ability to adapt to new trends and technologies. Coins such as RNDR or ENA produced nice gains.
Looking ahead, the market is poised for what many experts believe could be a prosperous period. The Ethereum ETFs approvals are now also a done deal. All in all, the whole crypto community is preparing for the next leg up in this bull run.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown for the next 12 months:
WAX Price Prediction 2025
Our prediction model sees WAX reaching $0.0724 in 2025.
What will WAX be worth in 5 years?
The price of WAX in 5 years could lie around $0.0685, according to CaptainAltcoin’s prediction model.
WAXP Price Prediction 2030 – 2040
What WAX will be worth in 2030?
Our forecasting model sees WAX reaching $0.1809 in 2030.
What WAX will be worth in 2040?
Our forecasting model sees WAX reaching $0.3618 in 2040.
Will WAX replace / surpass / overtake Bitcoin?
No, WAX will not replace or overtake BTC.
Is WAX worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, WAX is worth buying.
Is WAX a good investment?
WAX is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will WAX be worth?
For the short-term future, it could reach $0.0224. In the long-term (8-10 years), it could jump to $0.1809 or even higher.
Why will WAX succeed and go up in price?
WAX has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees WAX rising up to $0.1809 in 2030.
Why will WAX fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will WAX go?
Our forecasting model sees WAX price exploding and reaching $0.3618 in a distant future.
What is the short-term prediction for WAX?
WAX will reach $0.0224 in the next 90 days, which is a 41.2% change over the current price which hovers around $0.0381.
Can WAX make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a WAX millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in WAX could make you a millionaire.
WAX Price Prediction Today - What will be the price of WAX tomorrow?
WAX will hover around $0.0410 tomorrow.
Can WAX reach $1?
Yes, WAX can reach $1 by the end of 2024.
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