WazirX coin over the moon. - page 5.

Pecunia non olet

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Quote from: mahilchii on March 04, 2020, 10:14:44 AM

Hours after the top Indian court cancelled the ban of crypto currency this coin is over the moon, a massive pump of 60% within a day is a real shock to the entire crypto forum.

WRX is the native token of India and also a popular peer-to-peer digital assets exchange, guys just keep an eye on this I believe it will pump more and more.

What brings a value to this coin/token? They do not plant to make own blockchain and DEX right? So people are buying it only because the platform is being a popular?

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There is a possibility of wazirx in India. Because crypto is now legal in India. And wazirx will get the most benefit from it, because it is a partner with binance. And binance is very popular in the crypto market. But I am a little worried about the total supply of wrx coin. Less than 10x of their total supply is currently on the market. And the rest of the coins are hold by the team!

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Quote from: nutriagrigia on March 04, 2020, 11:46:36 AM

I think it's just a pump. a new coin that has recently appeared on the market is very influenced by the news. Now WRX pumped very quickly, but in a few days, you will see its dump. don't buy it right now. the best thing is to wait

Wazirx is the biggest exchange from India and it will grow bigger since interest in crypto is very huge over there, it think it's a good opportunity to buy this coin, early investors will eat the fattest bone soon, WRX coin will be demanding in near future, it's an exchange token and that's a big real use case

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Quote from: siddartha1492 on June 01, 2020, 05:10:18 AM

It's not about the token being scam or team being fraud. But simply that if Indian Govt. totally bans crypto, then it will be a problem for WazirX team which will obviously transfer to the coin also.

I read wazirx was acquired by binance which means they are no more legally bind with India government. So, I believe they transfer or do anything as per their wish regardless of whatever laws/restrictions India government will be bringing up. In my understanding wazirx is now an international exchange under the binance umbrella. So, do not need to worry about any India government or its federal banks's restrictions.

Quote from: Mammothcoin on June 01, 2020, 12:37:58 PM

Wazirx is one of the Indian cryptocurrency projects supported by Binance so it is only expected for it to skyrocket.

It was an Indian project but not any more. Binance is not supporting wazirx exchange but they have bought it to own in all means. Binance is the sole owner of wazirx and its operation hence wazirx is no more an India based project but its operation is still focusing on crypto users of India.

Hidden Heart

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I Don't have any more Idea about Wazirax exchange coin WRX, Many people said That, this coin not a very Good, and not will'be Valuable on Futur, And some people said that The wazirax is very goodConcep.

Mammothcoin

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With the legalization of cryptocurrency in India, it is only logical for the prices of Indian projects to increase as a result of further adoption. Also, Wazirx is one of the Indian cryptocurrency projects supported by Binance so it is only expected for it to skyrocket.

gweedo

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This coin would be the next bnb for sure it will go to the moon in the future reaching dollars.. for now let's grab this opportunity to buy cheap coin and hold for long.

Agree, its price will certainly move like Binance in the past. So take a little budget and invest in this project, I believe people will never be disappointed when investing in this project.

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Quote from: akhjob on May 30, 2020, 06:32:16 PM

Quote from: siddartha1492 on May 30, 2020, 02:14:19 PM

I'm personally a bit cautious of Indian origin tokens, especially the projects where team operates from India. Even though Supreme Court ruled in favour of crypto exchanges, cryptocurrency itself is not legalized or regulated. It is still in gray area. If India passes anti-cryptocurrency bill, then all these tokens are going to zero, so there is quite some risk. But for short term profits, it is fine I guess.

Yeah it's true that some of the India based tokens are scams and it's good to be cautious about it. But in this case, if you are cautious about WRX coin, you have to be cautious about BNB and Binance too. Because, WRX coin is a token of WazirX exchange which has been acquired by Binance. So, if WRX end up being a scam, BNB will follow.

It's not about the token being scam or team being fraud. But simply that if Indian Govt. totally bans crypto, then it will be a problem for WazirX team which will obviously transfer to the coin also.

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I think this is also due to the impact of the Wazirx that works with several platforms and provides many developments that can have an effect that can bring the price up, like some other exchange platforms when it has good development it will be easy to raise the price.

akhjob

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Quote from: siddartha1492 on May 30, 2020, 02:14:19 PM

I'm personally a bit cautious of Indian origin tokens, especially the projects where team operates from India. Even though Supreme Court ruled in favour of crypto exchanges, cryptocurrency itself is not legalized or regulated. It is still in gray area. If India passes anti-cryptocurrency bill, then all these tokens are going to zero, so there is quite some risk. But for short term profits, it is fine I guess.

Yeah it's true that some of the India based tokens are scams and it's good to be cautious about it. But in this case, if you are cautious about WRX coin, you have to be cautious about BNB and Binance too. Because, WRX coin is a token of WazirX exchange which has been acquired by Binance. So, if WRX end up being a scam, BNB will follow.

Renampun

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Quote from: BuHoBeH on May 30, 2020, 12:41:33 PM

WazirX has a great future, and now is the time to buy.

you are too confident...
even though wazir has listed on 6 exchanges including their own exchanges that doesn't mean this token has a good future. but back to you, if you believe in this coin then don't hesitate, do it at your own risk. Wink

Inkdull

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Quote from: nutriagrigia on March 04, 2020, 11:46:36 AM

I think it's just a pump. a new coin that has recently appeared on the market is very influenced by the news. Now WRX pumped very quickly, but in a few days, you will see its dump. don't buy it right now. the best thing is to wait

Good point, it's wrong to buy coins when they are pumping but wazirx coin will grow bigger, I'm more confident in the exchange project because of binance involvement, wazirx team tend to keep this exchange rolling so it's a good investment, I missed wazirx Airdrop because I don't do research on the project or maybe I was too lazy at the time

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As for the airdrop, no one answered. Did anyone get WRX? I did not have time to pass KYC, and this was one of the rules. The exchange itself seemed normal to me and trading and withdrawing with a deposit. We need to think about investing in these tokens.

siddartha1492

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I'm personally a bit cautious of Indian origin tokens, especially the projects where team operates from India. Even though Supreme Court ruled in favour of crypto exchanges, cryptocurrency itself is not legalized or regulated. It is still in gray area. If India passes anti-cryptocurrency bill, then all these tokens are going to zero, so there is quite some risk. But for short term profits, it is fine I guess.

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Quote from: BuHoBeH on May 30, 2020, 12:41:33 PM

WazirX has a great future, and now is the time to buy.

Are you sure? I do see a lot of people are as well recommending WRX token for long-term holding because it might be having bright future like BNB. But, I am so far hesitating to invest with it. Because, BNB is an international exchange and might be having customers(traders) from worldwide whereas WRX is only Indian traders so might not be having many customers from worldwide.

It means we cannot expect same level of growth for wazirx token as per how BNB performed in last few years. I may be wrong but I believe this could be one of the reason why WRX is not being attractive to most crypto investors here. Probably only after some time WRX will be proving itself about the worth of investing with it, people might be starting investing with it. People who want to take risk, may go for WRX right away because it is currently cheaper than when OP started this topic.

BuHoBeH

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WazirX has a great future, and now is the time to buy.

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WazirX will add TRON, the TRX / INR trading pair, starting at 4 PM IST today on April 30th.

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Quote from: mahilchii on March 04, 2020, 10:14:44 AM

Hours after the top Indian court cancelled the ban of crypto currency this coin is over the moon, a massive pump of 60% within a day is a real shock to the entire crypto forum.

WRX is the native token of India and also a popular peer-to-peer digital assets exchange, guys just keep an eye on this I believe it will pump more and more.

So Wazirx is alive and well? Hm I'm surprised because I've read post on here saying WazirX is a scam, it's hard to believe though since the exchange has something to do with binance itself and I'm very much aware of how binance takes their reputation very seriously

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WazirX together with Binance will open a fund of $ 50 million for India, which will invest in startups involved in the development of the blockchain

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Quote from: mahilchii on March 04, 2020, 10:14:44 AM

Hours after the top Indian court cancelled the ban of crypto currency this coin is over the moon, a massive pump of 60% within a day is a real shock to the entire crypto forum.

WRX is the native token of India and also a popular peer-to-peer digital assets exchange, guys just keep an eye on this I believe it will pump more and more.

Yes it happened after the news, and it was an immense massive pump that happened to WRX, it pushed even the 24 hour trading volume even higher
And as a trader, or an investor, my believe is that most people have taken their profit already.

If you have not done so, dyor and make the decisions befitting to you

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