- The top gainer of the week in the crypto market is WAX (WAXP).
- It has soared over 66% within a week and over 6% up for the day.
- The high demand of NFT tokens would have resulted in WAXP’s price surge.
According to the trend, the crypto market is in hype among investors in this digital world. Most crypto enthusiasts believe that cryptocurrencies are the future of the financial sector. While these crypto-assets are also proving it by their phenomenal growth within a decade. Now, the positive impact that the crypto market has created among investors is huge.
As a matter of fact, the high probability of the entire world is aware of the crypto industry and its gains. Though some countries restrict the use of cryptocurrencies, the number of investors is growing parallelly. Some have tightened the regulations of the digital-assets to be operated in their country but still are evolving widely. Significantly, several altcoins are outperforming the leading cryptocurrencies with their splendid performance. One such coin which is being the top crypto gainer of the week is WAX (WAXP) surges over 66% in a week.
WAX is a blockchain and protocol token created with the goal of making e-commerce transactions safer, easier, and faster for everyone involved. The WAX has created a set of blockchain-based technologies that support a variety of decentralized apps, marketplaces, and native non-fungible tokens (NFTs).
Current Market Status
At the time of writing, the trading price of WAX (WAXP) is $0.9396 with a trading volume of $363,395,731 in the past 24-hours. According to Coinmarketcap, the price value of WAXP has soared over 66% within a week and it is 6.29% up for the day. Moreover, the current circulating supply of WAXP coins is 1,846,002,262 and it holds 78th rank.
The trading chart of WAX depicts the bullish rally for the past week. The price value of WAXP has jumped from $0.55 to $0.99 which seems impressive. With 30-day statistics, the WAXP trading chart displays a gain of over 209% while 14-day statistics depict a gain of over 91%. The top exchanges where WAXP can be traded are Binance, Mandala Exchange, Upbit, KuCoin, and Huobi Global.
However, in this crypto market, WAX has recently been the best performer. As the market sees a surge in demand for NFT-focused tokens and coins, WAXP’s value may have surged as well. The strong success of the NFT space may have also contributed to WAXP’s price surge. Furthermore, if the trend continues to rise, a new ATH may be established soon.