Wazirx is India's largest cryptoexchange. But for some time now, the value of its coin has been plummeting. Its all time high was about four to five dollars. Even though it has been going down for almost six to eight months now, do you know the reason?
I don't think it is pecular to wazirx alone. A lot of coins are generally down, some have even done a -90%.
Have said that, the coin has the potential of coming back strong.
In 2020, I sold off my wazirx because it went down bad, and when it was up to my initial capital, I foolishly sold off. Days after, the price of that token skyrocketed from about 18cents to 2$, I almost went mad. So don't make that same mistake.