wrx token going continue down, why?

[makis.hart]

Are you feeling frustate to see your token was getting under performance compared with another token? Sometime the price of token reflects the demand for the platform and project. Just because wazir was a popular exchange site caused by binance and it doesn't mean the price will always be at the top. You must also see another token owned by another exchange site again.
The crypto is very volatile and it can go up or down instantly. I think that the possible thing for you to use this token as your long term portfolios waiting for the price to recover.
I know how do you feel after seeing the price of this token was dropping a lot from its ATH.

Are you frustrated with your existence? It is normal sometimes you know who you are but then you think you are nobody. You can work on yourself and improve over time. At some point you will find your identity again. There is no reason to steal other peoples accounts and pretend to be someone else..... for years! It is my honor you want to be me but this is totally creepy..

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[Lizzylove1]

The token has performed well in the past. I was an addicted trader of the coin, then I was trading over 10k of the coin, later my friend who owns it asked me to hands it over because he needed money, he sold it at peanut before the price picked and went to ATH. Realize that most alts are down.

[royalfestus]

The basic factor I will consider with Wazirx is the Binance influence on the operation of the exchange. It was launch with help of Binance and many mode of operation on it are from Binance. So far the security of the young exchange has not been bridged, transaction fee is moderate, good trading variety and reliable listed coins. At the moment coin are leaving weak hands to strong for a high price in the long term, thats the effect of bear market.

[fzkto]

Probably the reason why the value of this shitcoin has dropped is because this exchange is not popular and it is a Binance project in general. I don't think Wazir X is used by many people, most likely they trade on more popular exchanges like Binance. All in all WRX is not a success and it's not clear why it should grow. Coins were sold to all who want them at high prices, now the sale is still going on.

[TribalBob]

as we know altcoins follow btc, so every time altcoins go down, you don't have to worry about it because it's normal for btc etc to go down.
warzix will return to normal if a little pump. from the dev side when bitcoin is back up and normal reaches a new ath

[evilgreed]

               One thing you can look at is the overall situation of the market which isn't really that good. So coupled with maybe bad service, the price dump may have been worsened by the current market conditions. Exchanges of not comfortable to use nowadays will not rake in much traffic. Let's face it there are better choices out there for comfortable experiences in trading. As an exchange, better excel or stop.

[tygeade]

this is not really bad because we also know that most altcoins are still dropping since the early year. Let's see most coins are right now still struggling very hard, moreover with the high volatility of Bitcoin that always give influence to the altcoin price.
Don't think too hard, if you can still hold the tokens, just hold it. They are exchange tokens that may have good fundamentals. Just consider the plus and minus of holding the tokens.
Be patient because the market still keeps struggling right now, facing all possibilities, FUD, and also sudden news that sometimes can drop and rise the crypto market as they like.

It seems that all Indian based crypto/exchange are down? What is happening to them. Is there are an issue again with the legalization of cryptos in India? Because, they always have an issue with cryptos before and how many times they allow and disallow it. 6 to 8 months of down for wrx is a long time and looks not normal anymore. The cryptos dumps have started on December last year and lasted only about 4 months because after that we have seen cryptos are now recovering.

Wrx should also recover that time. The overall market of cryptos are not fully recovered yet so maybe you can extend your patience too for wrx coin but once return to normal and this coin still down, that's the time to dump it too.

[ajochems]

Since you had mention as a token.It's token, So you can able to buy at any value. Even below 1$ or 0.1$Many of the stable coin was became a less. It's essential for hold all your coin for now. When the market back to old value, you can buy anything now for long term investment.But you should The price of warix was low. It's like crypto other country. It was an additiional benefit to onverse your money.

[tbterryboy]

Well, most coins in the market has been losing their value for quite some time now. I would say you should have patience for now, maybe with time it will go up again. Unless it is steady losing value every day, in that case I would say maybe it is best that you withdraw your money from the coin and maybe invest in another cryptocurrency or maybe hold it in a stable coin while you continue to wait and see what happens next.

as we know altcoins follow btc, so every time altcoins go down, you don't have to worry about it because it's normal for btc etc to go down. warzix will return to normal if a little pump. from the dev side when bitcoin is back up and normal reaches a new ath

So many coins these days do not have any correlation with Bitcoin and that means they wouldn’t be going up if Bitcoin is going up. They would just be making a move that is totally unrelated with Bitcoin’s market.

Since, I am not so sure of this cryptocurrency and this is the first time I’m getting to know about it, I wouldn’t really say that it is good or bad, but if the he truly believes that majority of Indians are making use of this particular exchange, then it might be worth holding. But, sometimes some of these exchanges can fake their trading volume or information like that and you will never be able to tell whether they are truly what they are or not.

[Jackl87]

Wazirx is India's largest cryptoexchange. But for some time now, the value of its coin has been plummeting. Its all time high was about four to five dollars. Even though it has been going down for almost six to eight months now, do you know the reason?

I don't really know to much about that exchange to be honest as i have not used it before and i also have to admit, that i even did not hear about it before, but that does not mean much. I would not worry to much about the price of it's token at the moment as we are still in a very shaky market right now and even though Bitcoin and the big Altcoins increased in value in the last few days they are still miles away from their ATH's of may 2021. We need a longer phase of a stable market that goes sideways and once we have achieved that i think that also smaller cap coins can slowly but surely begin to rise again. The important thing at the moment is, that the exchange keeps up working as intended and is satisfying their customers.

[amishmanish]

The answer lies in your question. It is "India's" largest platform. This means that the news of 30% taxes from April has led several of the investors to cash out. This would have led to the downturn in an already bear market.

WazirX as a platform has good fundamentals and they have jumped in pretty eagerly onto the NFT space. They are one of the few platforms that don't wait before jumping into these new things and I think they will eventually do well as regulations clarify.

Of course you shouldn't invest based on my or anybody else's opinion. I don't think the token per se has any utility other than being a cash cow for the platform. Yet, nothing stopped BNB from pumping.

[Tahsin Kabir Kollol]

There are a number of reasons why the value of a token can go down.  Since it is an exchanger-dependent token, its future depends a lot on the success and failure of the exchanger. A potential project is able to reach its goal by overcoming various obstacles if there is teamwork behind it. Since the token is based on an Indian exchanger, it can be said that since cryptocurrency is not very popular and legal in India at present, its acceptance and value may increase over time.

[MFahad]

There are a number of reasons why the value of a token can go down.  Since it is an exchanger-dependent token, its future depends a lot on the success and failure of the exchanger. A potential project is able to reach its goal by overcoming various obstacles if there is teamwork behind it. Since the token is based on an Indian exchanger, it can be said that since cryptocurrency is not very popular and legal in India at present, its acceptance and value may increase over time.

I saw many time that whenever any good news or bad news happen in india about crypto its directly impact on Wrx price whether market bear or bullish.
The team is working hard on Nft system amd if they succeed i believe that price will be recover and holder will be enjoy that.

[eaLiTy]

Wazirx is India's largest cryptoexchange. But for some time now, the value of its coin has been plummeting. Its all time high was about four to five dollars. Even though it has been going down for almost six to eight months now, do you know the reason?

The all time high you are talking about only lasted for a few minutes. I was watching the rally and i was surprised to see the rally to begin with because i was holding a large number of coins and the beauty of that is the coins i was holding were dropped to me by the exchange because i was trading large amount of coins and hence it was a bonus for me and i booked my profit and after that i am having the coins as they keeps on unlocking the coins but i am not touching them unless we see a trend reversal.

[gurunanakji777]

Not only WRX coins majority of the Altcoins drops in the last 6 months time I believe it will bounce back as the WRX exchange is also growing so I expect the value will also increase by the time but in the current time we listen every now and then about the imposing tax on cryptos in India is also one of the reasons for drop it is purely my thinking still I would say WRX has potential to overcome all the hurdles in the future.

[Flexystar]

Wazirx is India's largest cryptoexchange. But for some time now, the value of its coin has been plummeting. Its all time high was about four to five dollars. Even though it has been going down for almost six to eight months now, do you know the reason?

When they finalised the budget in India, I think they made it clear that Crypto is no more illegal in India and thats why soon after Indian Market was flooded with huge number of crypto exchangers. They have put great deal of investment into the apps,  promotions and web versions of exchangers.

Honestly speaking they are far better than WazirX as far as the review sites are telling. The problem with the later one is, they are not evolving at all. All they are doing is spending on in app purchase promotions. They have no advertisements running elsewhere or on the TV commercials and they are not even being sponsors in the games in India. This is being done by other Crypto Exchangers and thats why they are gaining more popularity.

This is why WRX is not the next big coin anymore. People are taking out the investments out of it.

[Questat]

Not only WRX coins majority of the Altcoins drops in the last 6 months time I believe it will bounce back as the WRX exchange is also growing so I expect the value will also increase by the time but in the current time we listen every now and then about the imposing tax on cryptos in India is also one of the reasons for drop it is purely my thinking still I would say WRX has potential to overcome all the hurdles in the future.

Not, likely because it was surprising that a known exchanger will drop. It is a wild guess why it goes like this and might people be right that this was due to the market drop affecting the crypto market in general.

https://zeenews.india.com/photos/business/5-popular-cryptocurrency-exchanges-in-india-2386786/wazirx-2386791

Assuming that this was because of the market drop, however, this can't be taking so long, recovery will show somehow as the market is started to recover.

[jrrsparkles]

Wazirx is India's largest cryptoexchange. But for some time now, the value of its coin has been plummeting. Its all time high was about four to five dollars. Even though it has been going down for almost six to eight months now, do you know the reason?

If I am not wrong WRX bumped overnight and people who are holding that coins became rich but after that everyone dumped it so price starts to decrease gradually now its just one of the token from exchange, in future it may grow but no one has the crystal balls to find out what will happen in future but the reason for decrease in price is dumping.

[Victorik]

Wazirx is India's largest cryptoexchange. But for some time now, the value of its coin has been plummeting. Its all time high was about four to five dollars. Even though it has been going down for almost six to eight months now, do you know the reason?

I don't think it is pecular to wazirx alone. A lot of coins are generally down, some have even done a -90%.
Have said that, the coin has the potential of coming back strong.
In 2020, I sold off my wazirx because it went down bad, and when it was up to my initial capital, I foolishly sold off. Days after, the price of that token skyrocketed from about 18cents to 2$, I almost went mad. So don't make that same mistake.

[Xal0lex]

Wazirx is India's largest cryptoexchange. But for some time now, the value of its coin has been plummeting. Its all time high was about four to five dollars. Even though it has been going down for almost six to eight months now, do you know the reason?

To begin with, we should have asked ourselves, why did this token grow? Were there adequate reasons for its growth? Of course not, it's a pump-and-dump token that they decided to use for short-term speculation. The token is not going down, but back to its natural price. I usually see charts like this around scam projects where almost all ivnestors lose their money.

This token does not deserve any attention at all.