Wemix Price Prediction: 2023, 2025, and 2030. Will it rise again?
WEMIX Price Prediction: is 53.95 times lower than its all-time high price, leaving a huge scope for its growth in the coming future.
Wemix Price Prediction: Latest Price
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 Latest update
The current market price of WEMIX is $0.3845 and has decreased by nearly 10% in 24 hours. One week ago, its price was $0.43, meaning that it has declined by more than 74% in 7 days.
A few days ago, there was a “Risk Alert” notification added on ByBit for WEMIX/USDT pair. Note that Bybit’s Risk Alert notifications are a sort of precautionary measure for protecting the traders’ interests and rights.
Bybit is one of the major crypto exchanges and hence this risk alert can be one of the reasons behind the declining price of Wemix tokens.
However, the Wemix team is in communication with Bybit for resolving this issue (which probably affect its prices in future again).
Wemix Price Prediction
The current market price of WEMIX is $0.3845 and has decreased by nearly 10% in 24 hours. Before predicting whether WEMIX is expected to go up or down in the coming future, let us first overview its price history for the past few months. Its performance in the past months can help us gain the required context for the future. Let’s discuss:
Above is the WEMIX’s graph for 1 year and as we can see that the market price of Wemix, one year ago was $18.8. Hence, there is a decline of 41.7x in WEMIX’s price in one year. Also, there a numerous ups and downs stating that the decline wasn’t consistent.
The above graph depicts that the coin’s price is declining for 3 months i.e., three months ago, it was priced at $2.07 and has suffered a decline by 46 times. But it has faced a sudden decline yesterday only.
The question here is Why is Wemix’s price declining so quickly? Well, there could be many reasons for this decline. Let us try to find that out.
The major reason for the declining price of Wemix could be the delisting of Wemix tokens from 5 top Korean exchanges on the 8th of December (its announcement was made yesterday only). These exchanges are namely Coinone, Korbit, Bithumb, Gopax and Upbit.
These exchanges said that the reason behind this delisting is the false information provided by Wemix. However, team Wemix is trying on retract the decision made by the exchanges.
Nonetheless, WEMIX is 53.95 times lower than its all-time high price, leaving a huge scope for its growth in the coming future.
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
How is Wemix different from C2X?
|Blockchain on which it is built||Ethereum (Wemix diverged at Ethereum)||Terra|
|Categories||NFT marketplace, cryptocurrency wallet, Decentralised exchange.||Crypto wallet, NFT marketplace|
|Top exchanges to trade||BTCEX, OKX, MEXC and XT.com||Gate.io, Hotbit, CoinEx and Huobi|
|Country of origin||South Korea||United States|
|Performance in last 1 year||-52.2x||-7.3x|
|Performance in last 7 days||-4.2x||-1.1x|
|Volatility (30-day variation in price)||9.8%||67.8%|
Price analysis of Wemix’s competitor
The current market price of CTX at the time of writing is $0.26 and is down by nearly 39% in 24 hours. Its 24-hour trading volume is $4,758.56 and is up by 4%. Its price three months ago was $0.81 meaning that the price has decreased by nearly 3.11 times in three months.
The price comparison states clearly that WEMIX has underperformed as compared to its peer (C2X). On the hand, Wemix platform has a lot more things to offer to its users than C2X. for instance, Defi service, Wemix Wallet etc.
Not only this but the launch of Wemix3.0 gives it a competitive advantage over its peer (as discussed ahead).
Wemix Price Prediction: Is WEMIX a good investment?
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: 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: About Wemix
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.
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.