WRX at the beginning of the launch, the price is always pumped in Binance but now the price increase is not too significant, does anyone know why?
Because the hype that was created after the listing is no more. Because we all know what happens when a coin suddenly creates extra hype. No one knows how much their token price will be in the market. The main reason is that the hype is over now. WRX hasn't been on the market for a long time, give them time to develop. Although their platform is already popular in India.
In order to get more awareness about the exchange in India will help this coin to explode even higher value in the coming days because they have the same plan like Binance exchange which they will burn the supply of Wazrix on every three months, very soon they will announce their development activity in the coming days.
@ScamViruS, WRX is popular ever since Binance acquired the exchange site and when they implemented a $50 Million USD Blockchain for Indias fund which more than enough for 5 new exchange project to launch and execute everything about their project. However, there are always something that will specify the trend of coins in the market.
1) crypto market is in high manipulated stage and we shouldnt expect much from every crypto than to seize every opportunity that raise.
2) Exchange crypto are use to fuel exchange activities and the level of activities done on exchange site will determine it price. Mind you most traders now trade once in awhile.
3) Coin burning that influence the price of the market anymore and if it going to influence the price of the coin the total supply wont be much but thats not the case of WRX it total supply is still huge.