Wemix Price Prediction: 2023, 2025, and 2030. Will it rise again?

Wemix Price Prediction: Latest Price

Wemix Price Prediction: Is WEMIX a good investment?

Wemix is a platform offering blockchain-based games and is compatible with Ethereum Virtual Machine. Note that Wemix has a public chain in which decentralized finance protocols and games can easily join the network.

The network maintains the balance between decentralization, scalability and security to resolve these issues associated with the blockchain. It implements the EIP-1559-based variable gas fee formula to maintain this balance.

The network is powered by Stake based Proof of Authority (SPoA) consensus mechanism and is secured by 40 decentralised authority nodes. Wemix is an efficient and robust platform for innovating projects and applications.

A few months ago, Wemix has launched Wemix3.0, the service-oriented blockchain gaming ecosystem. It aimed to expand the existing features of the Wemix network to help players make money through games.

Wemix 3.0 has primarily added three services to the platform- Wemix Play, Wemix Defi Service and NILE (NFT is Life Evolution). With Wemix Play, the gameplay has improved drastically. Now, the players can pay with what they earn.

Wemix Defi service offers highly secured on-chain swaps, crypto bonds, staking programs and chain-wide auctions. Basically, Wemix Defi Service is a finance platform that can be used on the Wemix mainnet.

On the other hand, NILE allows users to use funds and access facilitation through Neith Protocol. It is an on-chain DAO (Decentralized Autonomous Organization) platform.

What are the features that set Wemix apart?

• Wemix can accommodate dapps, games, NFTs, DAOs and Defi.
• It offers a Permanent Minting Reward (PMR) of 1 WEMIX per block.
• WEMIX’s gas price is very low i.e., 0.0000001 WEMIX.
• It offers a maximum throughput of 4000 Transactions per second.

Upon analyzing the price movements and the competitors, we can safely say that Wemix is a good investment if you are planning for the middle term. Though the delisting of WEMIX from Korean exchanges has made its price drop suddenly, Wemix has the potential to survive because of its unique features.

Wemix Price Prediction: What are Wemix tokens used for?

Wemix has a total supply of 1 billion and 74% of its sale is through the Wemix ecosystem only. Only 10% of the coins will be distributed via private sales.

The following are the four main use cases of Wemix:

• WEMIX tokens are a medium of trade for all different activities on the Wemix platform.
• WEMIX tokens are used to exchange for the in-game tokens of various other games and vice-versa.
• Users can use WEMIX to purchase assets in the game.
• WEMIX coins can be used to crowdfund those developers who are about to complete their games i.e., developers can sell their games’ tokens for WEMIX and raise money to develop the game.

Wemix has announced Buyback and Burn for WEMIX tokens

In the latest tweet, a few days ago, Wemix announced the buyback and burn for WEMIX mainnet and WEMIX Classic tokens.

Note that the four major exchanges in Korea, including OKX, have terminated the transaction support for WEMIX coins. Thus, the Wemix ecosystem is having impaired growth.

Therefore, the team decided to implement a Buyback and Burn campaign to protect their community. It is being done for the purpose of deflationary tokenomics i.e., reduction in the number of tokens to increase their value.

Wemix Price Prediction: Competitor Analysis

As we discussed that Wemix is a blockchain gaming platform. Apart from that, it also provides services such as the NFT marketplace, decentralized exchange, Wemix staking and cryptocurrency wallet.

One of Wemix’s notable competitors is C2X, which is developed with the aim to establish a standard for the blockchain gaming industry. C2X is built on the Terra blockchain to offer an end-to-end solution for blockchain gaming.

Users can seamlessly manage all their digital assets linked to C2X. Also, the users are privileged on the basis of higher transparency and stability. C2X network allows the CTX (its governance token) holders

Wemix Price Prediction: 2023, 2025 and 2030

Although the price prediction cannot be 100% accurate, deep analysis and the coin’s past performance can indeed predict its future.

To predict the near-accurate value of any token, its price history and movements help a lot. Let’s have a brief look at WEMIX’s all-time high value and predict its price for 2023, 2025 and 2030.

With a Coinmarketcap ranking of #227, Wemix has a market capitalization of $111,435,305.70. Currently, 244,277,876 WEMIX tokens are in circulation.

The all-time high value of WEMIX is $24.28, meaning that it is 53.95 times below its all-time high price which it achieved a year ago. The above graph depicts that WEMIX’s price has increased by nearly 67x since November 2020 to reach its all-time high price (which was then priced at $0.36).

WEMIX Price Prediction 2023

As per the Price Prediction, in 2023 the WEMIX price is expected to go above an average price level of $2.61, and the expected minimum price value of WEMIX by the end of the current year should be $2.55. It can reach a maximum price level of $2.85.

WEMIX Price Prediction 2025

As per the Price Prediction, in 2025 the WEMIX price is expected to go above an average price level of $5.57. The expected minimum price value of WEMIX by the end of the current year should be $5.38. It can reach a maximum price level of $6.39.

WEMIX Price Prediction 2030

As per the Price Prediction, in 2030 the WEMIX price is expected to go above an average price level of $35.73. The expected minimum price value of WEMIX by the end of the current year should be $34.78 and it can reach a maximum price level of $40.39.

Also Read: Will Tron Reach $10

Wemix Price Prediction Today

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.