I heard Binance already acquired the WazirX, so, WazirX is another product from Binance like the CMC! WazirX has good potential to be a top 50 altcoin, India has a huge population and a large number of people involve in crypto! Though my expectation is not high like you but Wazirx price can hit 1-3$ easily in the next bull run!
That's correct, they have announce that in their official website.
Binance Acquires India’s Leading Digital Asset Platform WazirX to Launch Multiple Fiat-to-Crypto GatewaysSo this exchange could be successful like Binance but not as successful as Binance as it has been Binance that is their trade name.
We might see it grow in the future, so at this point, maybe those who believe on its future might start accumulating now.
So there's no competition here as it is under in one wing. And I only heard WazirX because of this thread, so I don't think they can compete the BNB's popularity anytime soon. Most crypto users are familiar with BNB but not WRX, even though the population in India is big, yet, we are talking the global crypto community here. So right now, there's no reason to make a comparison between the two.
Indeed, both can grow together, therefore if we trust them, we should consider investing with them.
Always put in mind that we are in the early stage now, Binance may already have a big trading volume but the total marketcap of the crypto market will just increase overtime, and that will make exchanges to be more profitable and of course a chance for a small exchanges to grow on its time.