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What is the highest and lowest price in history of WazirX (WRX) currency?
The peak of WazirX (WRX) currency hit $2.17 on May 12, 2021, while its lowest point was $0.01 on March 13, 2020.
Dec 09, 2024 at 08:10 am
What is the highest and lowest price in history of WazirX (WRX) currency?
WazirX (WRX) is the native token of the WazirX cryptocurrency exchange, which is based in India. WRX is an ERC-20 token that is used to pay for trading fees, participate in governance votes, and earn rewards on the WazirX platform.
Highest Price
The highest price that WRX has ever reached was $2.17 on May 12, 2021. This was during a period of strong growth for the cryptocurrency market as a whole, and WRX benefited from this momentum.
Lowest Price
The lowest price that WRX has ever reached was $0.01 on March 13, 2020. This was during a period of sharp decline for the cryptocurrency market as a whole, and WRX was not immune to this trend.
Factors Affecting WRX Price
The price of WRX is influenced by a number of factors, including:
- Overall cryptocurrency market sentiment: The price of WRX is closely correlated to the price of other cryptocurrencies, especially Bitcoin (BTC) and Ethereum (ETH). When the overall cryptocurrency market is bullish, WRX tends to perform well. Conversely, when the overall cryptocurrency market is bearish, WRX tends to perform poorly.
- WazirX exchange performance: The performance of the WazirX exchange can also affect the price of WRX. If WazirX is performing well, it is more likely to attract new users and generate trading volume, which can boost the demand for WRX. Conversely, if WazirX is performing poorly, it is more likely to lose users and trading volume, which can depress the demand for WRX.
- New features and developments: The introduction of new features and developments on the WazirX platform can also affect the price of WRX. For example, the launch of the WRX staking program in 2020 helped to boost the demand for WRX.
- Regulatory environment: The regulatory environment can also affect the price of WRX. If governments crack down on cryptocurrency exchanges or if there is uncertainty about the regulatory landscape, it can lead to decreased demand for WRX. Conversely, if governments are supportive of cryptocurrency exchanges and if the regulatory landscape is clear, it can lead to increased demand for WRX.
Conclusion
The price of WRX is influenced by a number of factors, and it is important to consider these factors when making investment decisions. The highest price that WRX has ever reached was $2.17 on May 12, 2021, and the lowest price that WRX has ever reached was $0.01 on March 13, 2020.
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