Search ForexCrunch
  • WAX/USD is up more than 70% in the last two days and enjoys increasing trading volume.
  • It seems that a series of positive announcements are boosting WAX’s price.

 

WAX is trading at $0.0755 at the time of writing and it’s up 3% today but more than 70% in the last two days. In fact, the digital asset has been in a robust daily uptrend since April 11 and its price has increased more than 218% going from a low of $0.0237 to a peak today at $0.073.

The recent bull run is not a coincidence and is accompanied by a significant surge in trading volume. WAX/USD was barely seeing $1 million in volume per day back in April. Now, the digital asset enjoys more than $50 million across all exchanges.

A range of important announcements seems to be pushing WAX’s price

Let’s take a look at what exactly has been going on these few days for WAX. The most recent announcement was made yesterday, the WAX Advisory Council, an organization that will offer guidance to the WAX team. Members of this council are leaders of important global companies. 

Before that, WAX has also been partnering with many projects that are now integrated on the WAX Blockchain, they include ‘Topps’ collectible cards, ‘Splinterlands’, another popular collectible trading card game, and ‘WAXTycoon’. 

The WAX Blockchain is optimized to bring usability in e-commerce and offers advanced tools to help DApp developers. 

WAX/USD daily chart

WAXUSD