The WAX blockchain has recently made headlines with a high-profile collaboration that’s reigniting interest in its native token, WAXP. As the digital collectibles and Web3 gaming sectors evolve, WAX continues to position itself at the intersection of innovation and accessibility. This article delivers a comprehensive WAX price prediction for 2024, 2025, and beyond, combining technical analysis, market trends, and ecosystem developments to help you understand the potential trajectory of WAXP.
WAX and Amazon Prime Gaming Partnership: A Strategic Leap
WAX announced a strategic partnership with Amazon Prime Gaming, launching Brawlers—a new blockchain-based game designed to bring Web3 gaming to mainstream audiences. This collaboration marks a pivotal moment for the WAX ecosystem, leveraging Amazon’s massive user base to drive adoption.
Following the news in March 2024, WAXP surged back to $0.10—a significant rebound amid broader market volatility. However, the momentum faded, and the price has since halved, trading around $0.03275 by August 2024. While the initial excitement didn’t sustain long-term gains, the partnership remains a strong indicator of WAX’s growing credibility in the gaming and NFT space.
WAX Price Prediction: 2024 to 2030 Forecast
Our WAX price prediction is based on technical analysis, historical performance, and market sentiment. While long-term forecasts are inherently uncertain, they offer valuable insight when combined with on-chain data and ecosystem developments.
WAX Price Prediction 2024
In 2024, WAXP is expected to trade between $0.0293 (minimum)** and **$0.0717 (maximum), with an average projected price of $0.0689. The token is currently navigating a downward trend channel, suggesting bearish momentum in the medium term. However, a breakout above key resistance levels could trigger a recovery.
Short-term indicators suggest a possible 6% increase within 24 hours and up to 28% growth over the next month, potentially pushing WAXP to $0.041 by mid-September 2024. Yet, this optimism is tempered by broader market skepticism.
WAX Price Prediction 2025
Looking ahead to 2025, WAXP could see more stable growth. The minimum forecast stands at $0.0702**, while the maximum reaches **$0.0830, with an average target of $0.0823. This upward trajectory hinges on increased adoption of WAX-powered games and NFT marketplaces.
If the Amazon Prime Gaming partnership leads to sustained user engagement, it could serve as a catalyst for renewed investor confidence.
WAX Price Prediction 2030
By 2030, WAXP could reach a maximum value of $0.25**, with an average expected price of **$0.24. In a conservative scenario, it may settle around $0.22. These long-term projections assume gradual integration of blockchain technology into mainstream gaming and digital collectibles.
Technical Analysis: Is WAXP Oversold?
WAXP is currently trapped in a medium- to long-term downtrend, with declining investor sentiment reflected in lower price acceptance levels. The chart shows no strong support zones, increasing the risk of further downside movement.
Key resistance is expected around $0.04, while trading volume patterns offer a glimmer of hope—higher volume during price peaks and lower volume during dips suggest weakening selling pressure, possibly signaling an early reversal.
Relative Strength Index (RSI): Market Sentiment Check
As of August 12, 2024, WAX’s RSI stood at 33.9, indicating the asset is approaching oversold territory but showing slight bullish momentum. An RSI below 30 typically signals oversold conditions, which may precede a rebound.
Despite this, overall technical indicators reflect a bearish sentiment, and the Crypto Fear & Greed Index sits at 39, signaling investor caution.
Over the past 30 days, WAX recorded 17 green days (57%), with a volatility rate of 10.68%—moderate compared to other mid-cap cryptocurrencies.
Market Performance vs. Peers
How does WAX compare to similar blockchain gaming tokens?
- WAX: $0.03275 (-33% over one month)
- Enjin Coin (ENJ): $0.1346 (-54%)
- Gala (GALA): $0.01619 (-30%)
- Theta Network (THETA): $1.15 (+53%)
While most competitors also faced declines, Theta Network outperformed due to infrastructure upgrades and media partnerships. WAX’s drop post-Amazon announcement suggests market skepticism about near-term utility.
Core Keywords in Context
This analysis integrates key SEO terms naturally:
WAX price prediction, WAXP price analysis, WAX coin, WAX blockchain, Web3 gaming, NFT marketplace, WAXP forecast, and digital collectibles.
These keywords reflect user search intent around investment decisions, technical insights, and ecosystem utility.
👉 See how top traders analyze altcoins before entering positions—get ahead with real-time data tools.
Historical Price Trends and Market Cap
WAXP Price History (Key Milestones)
- All-time high (Dec 2017): $4.6083
- Launch price (Dec 2017): $4.6083
- One year ago (Aug 2023): $0.04912
- Three months ago (May 2024): $0.06092
- Current price (Aug 2024): $0.03275
- All-time low (Aug 2024): $0.03273
The steep decline from its launch price underscores the speculative nature of early crypto investments.
Market Capitalization
As of August 12, 2024, WAX’s market cap was $112.9 million, ranking it #298 among cryptocurrencies. This places it in the mid-cap category—offering growth potential but with higher volatility than large-cap assets.
Supply Distribution: Centralization Concerns
A notable concern for investors is supply concentration:
- Total supply: 4.19 billion WAXP
- Circulating supply: 3.45 billion (80%)
- Top wallet holds: 97.01% of total supply
- Top 10 holders own: 99% of circulating tokens
This extreme centralization raises red flags about market manipulation risks and limited liquidity.
How We Make Our WAX Price Prediction
Our methodology combines:
- Elliott Wave Principle to identify cyclical price patterns
- On-chain data and volume analysis
- Ecosystem developments (e.g., partnerships)
- Broader market sentiment
While no model guarantees accuracy—especially in volatile crypto markets—this multi-layered approach improves forecasting reliability.
Best Time to Buy WAX: Seasonal Trends
Historical data suggests optimal buying opportunities occur during:
- Day of the week: Saturday
- Week of the year: Week 7 (mid-February)
- Month: March
- Quarter: Q1 (January–March)
These periods often coincide with lower trading volumes and reduced demand, creating favorable entry points.
What Is WAX Used For?
WAX (Worldwide Asset eXchange) is a blockchain platform designed for creating, buying, and selling digital collectibles and NFTs. It enables developers and creators to build decentralized applications (dApps) and NFT marketplaces with minimal friction.
Powered by a Delegated Proof-of-Stake (DPoS) consensus mechanism, WAX emphasizes scalability and low transaction fees—ideal for high-frequency microtransactions in gaming and virtual economies.
Frequently Asked Questions (FAQs)
What is the current price of WAXP?
As of August 12, 2024, WAXP is trading at approximately $0.03275.
Is WAXP a good investment?
It depends on your risk tolerance and outlook on Web3 gaming adoption. While the Amazon partnership adds credibility, price volatility and supply centralization pose risks.
Can WAXP reach $1?
Not in the near term. Based on current forecasts, reaching $1 would require transformative adoption or bull market conditions beyond 2030.
How does WAX compare to other NFT blockchains?
WAX excels in user-friendliness and low-cost transactions but lags behind Ethereum and Solana in developer activity and ecosystem size.
What factors influence WAX price?
Key drivers include NFT sales volume, gaming partnerships (like Amazon Prime), overall crypto market trends, and macroeconomic conditions.
Where can I buy WAXP securely?
Choose regulated exchanges with strong security protocols and deep liquidity to minimize slippage and risk.