Wrapped AVAX (WAVAX) FAQ

Question 1

What determines the price movement of Wrapped AVAX (WAVAX)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like Wrapped AVAX.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Wrapped AVAX, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Wrapped AVAX. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Wrapped AVAX on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Wrapped AVAX. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Wrapped AVAX and the broader cryptocurrency market.

Question 2

What is the highest price of Wrapped AVAX price in history?

Accepted Answer

Wrapped AVAX achieved the all-time high of 2000.68 in 2022-12-17, and is currently trading at 21.04.

Question 3

What is the lowest price of Wrapped AVAX price in history?

Accepted Answer

Wrapped AVAX reached its all-time low of  7.91 on 2022-12-12.

Question 4

What is the current market cap of Wrapped AVAX?

Accepted Answer

The current market cap of Wrapped AVAX is  348553661.20404506, as 16566238.65038237 WAVAX is trading at the price of 21.04.

Question 5

How many Wrapped AVAX are there in the market?

Accepted Answer

There are currently 16566238.65038237 WAVAX circulating in the market. These Wrapped AVAX can be actively traded or used in the open market.

Question 6

What is the maximum supply of Wrapped AVAX?

Accepted Answer

The maximum supply of WAVAX is ∞ , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

Question 7

What is the fully diluted market cap (or FDV) of Wrapped AVAX?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Wrapped AVAX is 348553661.2040450648. The FDV is calculated taking the assumption that all supply of Wrapped AVAX is circulation, multiplied by its current price of  21.04.

Question 8

What is the price prediction of Wrapped AVAX ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Wrapped AVAX price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Question 9

Is Wrapped AVAX a good investment?

Accepted Answer

Wrapped AVAX offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Wrapped AVAX and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in Wrapped AVAX.

Question 10

How to buy Wrapped AVAX?

Accepted Answer

You can buy Wrapped AVAX via Gate by following the steps on <0>how to buy WAVAX once you have funded your account.

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